Lost in translation or SNE to be sold off to majors?, page-73

I agree with you that the arbiters will keep it simple and will either reset PE or not ,and nothing else.
I have said before that I had a conversation with an experienced Geophysicist whilst waiting for Jon from FAR to give his spiel at the Good Oil Conference in Perth a while back. We talked about FAR and the current arbitration. I told him my understanding as that there is no appeal after this process. He agreed but said that ultimately it was the government of the country concerned that would be make the decision on who comes into their backyard.
My thinking now is that there is a master plan afoot and involves CNOOC, either buying the 35% should it go FARs way , or buying FARs complete Senegal holdings or perhaps the whole company.
When I look at the Chinese $5 billion bid for Kosmos in 2010 and do the maths comparing the amount of potential oil available from their 23.4% share of the Jubilee field ( approx 422 million barrels worth approx $35 billion @ 81.29 /barrel) and what FAR may have with SNE , FAN and A2-A5 ( possibly over 1 billion barrels worth approx $72 billion @63.50/barrel . With PE approx $94 billion @63.50)
I cant help but think they(FAR) must be in CNOOCS sights if the average cost for exploration is $US4/ barrel. CNOOC could offer $3.50/barrel and FAR could walk away with a TO offer approaching US$ .64/share . Thats without the PE . I'm sure the big holders would be swayed should an offer like that come about. I would imagine that there will not be an offer until the arbiters have have enough long lunches in Paris and finally make a decision.
Good luck to all . What ever the outcome is I believe it will have been worth the wait for the long termers .