And that is my Biggest concern.
The first statement was 1 week (21st July 2016) after the agreement between COP/WPL was announced.
People should Note this was a Public Announcement.
That is within the 30 day PE period.
The next statement claiming COP/WPL failed to complied JOA was dated 23rd August.
This second statement was after the expiry of its PE right on 23rd August 2016.
Its going to be quiet a juggling act - FAR will try to argue they were "Notified" but COP/WPL failed to "Complied" with the JOA.
The issue will be (before the expiry of the 30 day period) whether FAR had notified COP/WPL that it had not "complied" with the JOA and what did COP/WPL do to rectify it.
If FAR did nothing (regarding notifying COP/WPL of its non-compliance) until after the expiry date, it will not bode well for FAR in arbitration court.
It is imperative to protect your PE right before it expired.
AIMHO
23 August announcement and dispute timetable, page-51
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