FAR 0.98% 51.5¢ far limited

Tensions bubble up at Woodside's Senegal oil project, page-225

  1. 16,664 Posts.
    lightbulb Created with Sketch. 4014
    Here is a link that works, hopefully.
    https://www.energynewsbulletin.net/news-archive/news/1101211/coleman-confident-on-senegal
    Confirms exactly what I said.
    Also again confirms WPL did not believe PE right even existed which is completely wrong IMO...see below excerpt from the 1995 JOA AIPN.
    18-MODEL FORM INTERNATIONAL OPERATING AGREEMENT - 1995 (G) Any transfer of all or a portion of a Party's Participating Interest whether directly or indirectly by assignment, merger, consolidation, sale of stock, or other conveyance,

    Perhaps you could show me in COP's SEC filings where it says WPL are indemnified?
    COP's latest SEC filing does not even mention Senegal and I have posted the indemnifications here from the SEC filings.
    Quite happy for you to put up the evidence if I have it wrong.
    https://hotcopper.com.au/data/attachments/1627/1627116-e4e89bb0e572ed0243e43dd7886b5546.jpg
    Note indemnification for certain potential losses related to the disposition....not the company or the asset....the actual transaction.

    https://hotcopper.com.au/data/attachments/1627/1627120-357941ea315fd5ce845085946de9ea4a.jpg
    Note no mention of any indemnification...none

    At the end of the day Kimbo it has no bearing on FAR either way so I'll leave it there.

    -
 
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