Long term, WPL will make a killing.
Removing the possible risk of sanctions seems to have had some weighting in the decision.
I understand Upstream Senegal BV (Lukoil) was created for the purpose of having a stake in Senegal, at the moment they've got zero.
Imo, FAR would be stupid if they've been just waiting and thinking of now offloading to Lukoil ... that sale wouldn't get approval imo. Default is now set to run its natural course imo.
WOODSIDE PRE-EMPTS SANGOMAR TRANSACTION, page-20
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50.0¢ |
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Mkt cap ! $46.20M | |||
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