FAR 2.00% 49.0¢ far limited

Soccer balls to School renovations, page-75

  1. 200 Posts.
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    CNE won't have to cover COP's share of drilling. From what we know the transaction to WPL has been completed, therefore WPL are on the hook for the drilling cost. However COP have an indemnity in the agreement so you can assume that if FAR won the right to PE and the deal is unwound then WPL will be covered for their costs. FAR will then have to pay that share as part of the PE before they presumably sell it the backer.

    So I don't think drilling will bring any pressure on any party to come to a resolution. FAR will either prove their case or they won't. If they prove it, they get to see what the whole deal includes and will then be able to decide IF they want to PE.
 
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