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The forgotten Elephant, page-31

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kkw

7,284 Posts.

719

18/08/18

11:05

Post #: 35010782
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Originally posted by szaba_the_hut ↑

Agreed - although we need to remember that it will be a completely different new Exploitation PSC that determines the JV rules moving forward under a new oil code. We dont know the details of the Exploitation PSC for the project yet.

CNE have consistently said they are transitioning to WPL as operator in the development phase 2H 2018 so I think them changing their minds is unlikely at this point. FAR finance remains another unknown - the JV arranged finance may not be possible in the event that Arbitration is unresolved.

One thing is for certain. PC is no longer saing that FAR action "is just noise" anymore, his statements at the recent quarterly show that FARs arbitration thorn is begining to fester in WPL's side and the rhetoric is ramping up. IMO this clever play by FAR may yield some kind of benefit eventually and the longer it takes the better the chances.

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STH,

Re "FAR action "is just noise" anymore"
Was it ever the case? That was just PC's opinion. Could be said that his comments are just that.

KKW

FAR Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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Last 52.0¢		Change 0.015(2.97%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
50.5¢	52.0¢	50.5¢	$17.38K	33.92K

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No.	Vol.	Price($)
1	10000	51.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	96060	2

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No.	Vol.	Price($)
1	46081	0.505
2	70000	0.500
4	83693	0.495
1	5000	0.490
2	92553	0.470

Price($)	Vol.	No.
0.520	96060	2
0.525	19005	2
0.530	1005	1
0.550	27285	2
0.555	10000	1

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FAR (ASX) Chart