Woodside AGM, page-120

Szaba,

I agree with what you are saying. However, do we know that COP issued a valid PE notice to FAR to purchase the working interest for the price WPL effectively paid for it. Maybe this is where the problem is. Perhaps COP gave FAR details of the price to buy the company but would not give them details of liabilities and or contractual liabilities that would come with buying the company.

I also note that while the PE right was WRT the working interest, I would expect that most of these transactions that occur, where one company completely exits a country, would occur by the sale of the holding company by mutual consent i.e. neither COP nor WPL would want to be left holding the holding company if FAR had PE the working interests.

Do we know COP actually gave FAR a valid PE notice for the working interest?

Regards

SP