You are correct b2 but FAR really have little to lose. Whatever happens 13.7% of SNE remains and a successful PE outcome does not look factored into the current SP.
I would think that CNE, WPL and the Senegal govt. would be more concerned about the prospect of delays caused by PE than would FAR. Especially if SAMO comes up with the goods.
COP would also like to have this headache removed.
My personal belief is that this will be settled one way or another long before the arbitrators make their decision.
AFR Articles, page-104
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