Google translation of newspaper article from senegal
QUOTE
According to Coleman, the boss of Woodside, pre-emption rights allowing FAR to have its say on the deal should not even exist in this association. And although it has been mentioned, "ConocoPhillips is right to argue that the 30 day period which benefited FAR, those rights that should never have existed, is over," said Peter Coleman. Which emphasizes that Senegalese law has never resolved a dispute in this area. He said he was confident that in the end, the position of ConocoPhillips prevail.
Earlier this week, FAR has vetoed the deal between ConocoPhillips and Woodside, has meanwhile said that the period has not even started for it to be discussed. Suffice to say that it is a real dialogue of the deaf between the two parties. While the state of Senegal is obliged to play the facilitator. But in the meantime the rest of the process, the CEO of ConocoPhillips Woodside accuses of having hidden agendas. It's just if it does not say that FAR will prevent the entry of Woodside Senegal. "FAR really needs to drop his mask to him to tell everyone what his true intentions. For the surprising position of FAR, this week has created some uncertainty for everyone," says Mr. Coleman. "We do not believe that preemption is applicable in this case, because we are in a buyout transaction. This is the path chosen by Conoco to which he now returns to give us the asset" he says.
Without discarding the worst, the owner of Woodside says: "If the sale agreement that we signed with ConocoPhillips falls, we'll pick ourselves up and we'll go out." At this stage of the showdown, the Senegalese state holds 10% of the license application to ConocoPhillips and FAR to find an amicable solution. An option that says FAR open, in a statement released Tuesday. By cons, it still refuses to say whether to remain in his logic, it will preempt the sale of ConocoPhillips in Woodside. A blur that blocks the very beginning of any conciliation process.
ENDQUOTE
http://www.enqueteplus.com/content/controle-du-petrole-senegalais-la-contre-attaque-de-woodside
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