Ann: Annual Report to shareholders, page-25

Can you point to where FAR management have said on "Legal advice", they can't say anything about PE?

Where?!?

This is FAR's statement in August:

"FAR advises that, in its opinion, and as supported by legal advice, ConocoPhillips has failed to comply with the terms of the Joint Operating Agreement in relation to the proposed sale of its interests in the Senegal project.

As a consequence FAR believes that the pre-emption period has not yet commenced. FAR has advised ConocoPhillips of this and both parties have been urged by the Government of Senegal to reach an amicable solution on this matter. FAR has also advised the Government of Senegal that it will participate in prompt efforts to reach an amicable solution to this matter."

Even Today's statement:

"This is a substantial matter financially which involves multiple parties including the Government of Senegal. We have received much shareholder enquiry about progress however as you would appreciate it is difficult for us to comment but suffice to say we have positioned ourselves comprehensively from a strategic standpoint and retain the option to initiate international arbitration. "

Go on, where does it say on Legal Advice they can't comment?!?

You guys have been the ones who made it up and have been running on this "on legal advice"....blah blah blah stuff.

FAR NEVER once issued an ASX announcement that stated on "Legal Advice" they can't comment on this PE issue.



What analysts and shareholders should be interested are these words " retain the option to initiate international arbitration" says it ALL.


Instead of something like: "We are going straight to International Arbitration to get our PE right.....blah blah blah"

Pretty much says it all - FAR want $ from COP.

Don't know how that is going to happen, as Royalwulff55 admitted they (COP) are NOT even turning up to these meetings (most of the time) after 8 months.

How long do you keep turning up for meetings when the other side Does Not even show up?!?

Another 6 months?!?

By the way, now that we are discussing about "Legal Advice".

I am sure it would cost a lot of $ for legal advice for 8 plus months.

So where is the monetary outlay in the recent Cash Flow statement or in this Annual Report for legal advice?

AIMHO

DYOR