Or if we turn that on its head we find that COP/WPL are the ones being opportunistic and FAR just trying to exercise their PE rights, which COP acknowledged existed and with Senegal more than happy to let them go for it...Im sure if the Senegal Govt had said we would prefer you not to peruse arbitration FAR would have reluctantly gone along, even though it's a JV not a Govt dispute...IMO FAR have already more than established their credibility in Senegal and Senegal being a small Country understands what its like to be an underdog ...
IMO Despite the general dislike of WPL on this forum if WPL win the Senegal Govt will approve the COP/ WPL transaction , WPL are getting on with the job, are quite capable of doing it and it would just end up back in the international courts if they didn't.
Things are certainly getting near the pointy end, with financing, arbitration and now the possibility of CNE selling down or out all between now and the end of the year..
Cheers Whisky
PE Preliminaries, page-2
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