23 August announcement and dispute timetable, page-50

Thats the thing though DB, there was no transfer of rights under the PSC (from COP Senegal B.V. to COP Senegal B.V.). The notification was required under the "change of control" and all parties acknowledged PE rights.

There was a transfer - in the Hague where the share certificates were transferred under Netherlands law.

FAR were notified in accordance with JOA but after the 30 day period had passed they said notification did not comply with JOA terms. This is the dispute - did the notification comply or not? The government did not say the notification did not comply (they did not take sides) so it comes down to that one question - did it comply? If it did comply then govt approval is already deemed. If notification did not comply there was nothing to deem...... The dispute will resolve govt approval as a by-product not the other way around in this case. Below is slide from FAR Noosa conference presentation 21 July 2016, FAR said they had been notified at that stage and were reviewing the potential transaction.