Thanks Buffalo and Hustler - this is quite insightful for someone who hasnt followed this aspect that closely.
This seems to make more sense now.
I'm sure that FAR would have needed more time - and if the sale offer had changed from initially a direct in vestment in the asset versus then selling the Company to WPL - this would mean there is a difference to FAR as FAR would have needed a financial Partner to assist with pre-empting and this would have been very difficult at the asset level but more possible for them at the holding company level.
Very interesting - any lawyers here who can shed more light?
Tensions bubble up at Woodside's Senegal oil project, page-245
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