Mr H, Just something for you to offset your boredom. Analyse...

Mr H,

Just something for you to offset your boredom. Analyse this, extract from WPL Qty.

"Corporate Activities Business Development Agreement to acquire ConocoPhillips’ interests in Senegal On 14 July 2016, Woodside announced it had entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal. The acquisition includes a 35% working interest in a Production Sharing Contract with the Government of Senegal covering three offshore exploration blocks and includes the option for Woodside to operate the future development of any resource. The Production Sharing Contract includes the SNE and FAN deep water oil discoveries. Woodside estimates that the SNE discovery contains 560 MMbbl of recoverable oil. Upon completion of the transaction, Woodside’s Best Estimate of Contingent Resources (2C) is expected to increase by 150 MMbbl.1 This will increase Woodside’s oil 2C by approximately 230%. Completion is subject to satisfaction of conditions precedent and is targeted by year-end 2016."

Not as confident about "tiny" FAR falling over?

KKW