Lack Of Transparency: The Right Of First Refusal Of Senegal On Its Oil And Gas!, page-75

34232,

"WPL would know that Petrosen is involved and so trying to take out FAR is not going to solve the problem."

This would be true if Petrosen can afford to take the 35% by itself if FAR is not there to
co-PE. Paying for 14% (that is if they wanted their full 10% due) is one thing, but 35% might be a bit too heavy. Thus my thinking that if FAR is TO, then Petrosen will have to retreat.

DB,

"The Gov. could not afford to pass the deal only for it to be overturned in a court or by arbitration."

I think you'll find Gov't have last say regardless of arbitration. Don't think it's possible to overturn the approval or disapproval. Example, Scott Morrison stopped the Chinese from buying the NSW power distribution network. Don't think the Chinese can they fight for it.

I think also we'll hear something by the time of CN's return.

KKW