"I interpret that WPL have proof of current ownership, but they are worried about certainty of that ownership in the future."
It's Friday - perhaps we can all agree that WPL is concerned about their future participation in SNE, and that they will continue to participate in SNE until officially advised otherwise.
Just a few comments on the four scenarios presented:
1. "If FAR drop the case, WPL remain"
This may have been a possibility earlier, but the chance of it happening now is zero. (IMO)
2. "If the case drags on for 5 years, WPL remain until then"
Yes, theoretically... unless, due to a lack of clarity on lease ownership, internal approvals are not forthcoming and WPL is therefore unable meet its ongoing JOA commitments. (IMO) Crunch time is approaching - let's see what happens. No pressure for FAR.
3. "If FAR lose, WPL remain"
Indeed. Alongside FAR I might add (assuming no TO subsequently ensues), and possibly joined by our oily mammoth just over the fence on the 'wood-free' side.
4. "If FAR win but ICC decide a compensation payment is appropriate then WPL remain"
FAR have initiated arbitration to seek declaratory relief on their right to PE. As FAR as I understand it, it's either a YES (you have the right to PE) or NO (you don't have the right to PE) outcome - no award (incl. a compensation payment) will be made. If FAR lose, we bite our tongues and proceed to Scenario 3 above; if FAR win (what a glorious day that would be!), WPL will be promptly shown the door and up to 35% will be on-sold to big oil (IMO).
Enjoy your weekend all - 7 weeks until spud and plenty of potential news flow before then!
gh.
- Forums
- ASX - By Stock
- FAR
- AFR Articles
AFR Articles, page-121
-
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M |
Open | High | Low | Value | Volume |
47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 82233 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 71033 | 0.470 |
1 | 50000 | 0.465 |
1 | 50000 | 0.460 |
1 | 1822 | 0.450 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 50000 | 1 |
0.485 | 50000 | 1 |
0.490 | 54000 | 2 |
0.510 | 100895 | 2 |
0.520 | 225286 | 3 |
Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |