Ann: Lukoil Non-Binding Indicative Proposal, page-15

"Lukoil has stated that the Lukoil proposal is conditional (amongst other things) on: -
The FAR shareholder meeting to consider approving the sale of the RSSD project to Woodside scheduled for Thursday 18 February 2021 being rescheduled.
- Obtaining minimum acceptances of 50.1% of shares and a FAR board recommendation."

Interesting, they are only making it conditional upon 50.1% acceptance. That means they must be intending on securing the finance in some form for FAR to continue with the project. This is really good news!

I always said than when Lukoil made their bid for Cairn's 40% of Sangomar that it was most likely they were also behind FAR's PE arbitration bid;

Regards

SP