I agree although there is some risk that FAR will need to follow through Arbitration with no guarantee of outcome and no T/O bid. Post FID FAR will need to lean on CNOOC for finance assistance so in some ways they have a plan B to T/O.
Cairn and Woodside transfer of operatorship will be one to watch - will it involve cash to take some additional % of the JV from CNE? I think that WPL purchasing additional % from CNE would force FARs arbitration vs COP because WPL would expect to be guaranteed at least 35% of any CNE farm-down as a JV partner but FAR (with CNOOC help) would potentially be able to PE that entire farm down % if WPL are not JV partners. If FAR accept WPL taking 35% of any CNE farm-down then it more or less kills their PE claim against COP by their acceptance of WPL in the JV.
AGM, page-12
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.5¢ | $3.174K | 6.826K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53774 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2400 | 1 |
View Market Depth
| Last trade - 15.59pm 01/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |