Funding

Well with some recent comments from others I thought what are the future issues/risks if any to the individual parties for SNE in the next 12/24 months?. A simple summary could look like:

WPL - currently and for the near term in but potential exit with minimal control over what happening and committed to keep spending under the PSC. Interesting to see how the board in undertaking their fiduciary duties related to future investment with PE unresolved.

Cairn - biggest equity position but potentially selling down. How do they feel about the uncertainty of the other 35% position and how does it impact on their plans and timing whatever they are.

FAR - the only partner that actually has a full understanding of what plan A (no PE) and plan B (winning PE) looks like and as such is able to plan for all eventualities and is in control of its own decision process.

All rather interesting.