just a theory ..., page-26

Regarding a few points raised,

It was expected the Mauritanian goveremnt to buy in.
I was stunned when they only chose to go 12%.
The point is about Sterling.

Have a look at the post over the weekend.

One of HDR's other interests in Gabon is with a company called Fusion which was taken over for a whopping 38 mio GBP at the time. At the time we had nothing concrete really released regarding Mauritania.
Fusion had and has a 4.6% interest in ..... have a look at the drilling report Mauritania.

Lucky door prize who took Fusion over for what seemed a massive premium for their 4.6% stake. Sterling !!!

Now the same parent company of the smallest holder has gone and turned around and provided funding to the government. A quasi back door way of getting a bigger share ?

As to the question about disclosure.
Not even a question there. Commercial interests come first, so they are under no obligation to disclose anything. Especially of a sensitive nature.

Sorry maybe about letting the cat out of the bag.

Funny thing when the smallest partner increases thru a back door method like this.

Maybe it was all planned but without any inside information, well who knows. Could have been all blessed by WPL for all I know, but my reading between the lines would suggest not.

If anyone was going to do it, well Woodside would be the one. Its like a tiny miner making a bid for BHP.

Then again stranger things have happened.

Again read alll disclaimers on original post.
Just a theory of course.