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Ann: Equity raising to finance Sangomar Phase 1 Presentation, page-65

  1. 1,234 Posts.
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    But kkw, you have to ask:

    WHY did WPL turn this nasty?

    Why did the JV finance not evolve?

    Why did WPL choose to buy the FPSO?

    And finally why are WPL angry that FAR are still around?

    You have to come to the conclusion that this animosity was not present until a certain event created by FAR. In response to my questions, I keep coming up with the same answer, because FAR p!ssed them off. Can you honestly tell me that if you came along and bought a share of my business with nothing but the best intentions and then I started stymieing you, even though I could not afford to buy it myself, that you would make life easy for me? If I started costing you money by taking you to court, you would not be happy with me and you sure as hell would not help me when the time came to jointly pay the bills.

    I have never been a fan of the PE claim by FAR. I will clarify that by saying, had FAR been in the financial situation of being able to afford to purchase it, my attitude would be different. But I have never backed this money grab by FAR management and way back when I stated that this would not end well for us. And here we are....
 
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