Cash call coming ?, page-63

Read carefully Kimbo as Its taken you about a month to finally realise that the 35% is now [ potentially ] owned by WPL Senegal BV instead of COP.....

The above states clearly INDEMNIFICATION for POTENTIAL losses RELATED to the DISPOSITION.

In other words there were potential liabilities tied to the transaction which was completed and why there is no indemnification anymore....ie the indemnification no longer exists.

The indemnification was, and has never been, for a potential negative arbitration outcome. COP believe they have complied with the JOA, so to have an indemnification would actually mean they are not entirely convinced they have....and WPL say the right of PE does not exist if you buy a company so they would not require one, which means COP would not offer one.....unless they were insane of course,  it was for disposition liabilities and according to the WPL cheer squad disposition [ the transaction ] has happened. DB