DB, What a lot of rubbish, and what does it matter what WPL thought? Its the path COP took from the onset that matters as they are the only litigants along with Far. IMHO. COP applied the JOA requirements to offer their interest in the 3 Blocks at USD $360 million + dispersements of another USD$80 million. This price was included in 100% shares in COP Senegal BV. Far Failed to take up the offer inside the 30 day window period. Far asked for more info about COP Senegal BV. COP denied Far Info, probably citing,"Confidential information" between COP and WPL,as the purchase of the Company is not part of PE information,as COP'S Senegal Interests,sale price was already disclosed to Far in the PE notice. Far had a choice inside the 30 day notice to accept the price disclosed for the interest or not to.If Far opposed the Sale to WPL,then under the JOA,Far would have a further 30 day window to state there reasons why they object.
Kimbo39
FAR Price at posting:
7.0¢ Sentiment: Sell Disclosure: Not Held
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