Ann: Financing Update, page-288

Hi Szaba, Hot and Davy, since you are all going around in circles a bit, here is what I heard in the meeting Q & A, you can either accept it or not.

NL:

• Woodside bought shares in COP entity,
• Entity is operator
• Woodside has claimed only bought entity.

CN:

• (If FAR wins the case) Right to pre empt is first request (ICC award decision option 1), damages in second instance (ICC award decision option 2).
• (In the instance that FAR win PE and option 1 is granted by ICC): COP would have to buy shares (in entity) back from WPL (to enable PE to be executed by FAR)

I personally think PE result is a coin toss, but either way it will reduce uncertainty around the JV, so that will be positive for FAR.