ConocoPhillips Senegal proposed asset sale
As reported in prior public statements by ConocoPhillips and Woodside, completion of the proposed sale of ConocoPhillips Senegal assets is subject to the rights of partners to pre-empt and Senegal Government approval.
As previously reported, FAR believes a valid pre-emptive rights notice has not been issued to the Senegal joint venture parents by ConocoPhillips, and FAR has invoked its right to resolve this dispute in accordance with the Joint Operating Agreement. At the date of this report, the matter remains unresolved
The above is where it stands as of the 31st of March.
Nothing has changed yet we have posters thinking the first statement at the AGM will be earth shattering news about PE.
As whisky says if there was any material news since the quarterly we would have heard about it.
They don't leave it to be announced at an AGM.
Either some have short memory spans or they just do not read announcements.
Its unresolved full stop.
Its highly unlikely it will ever be resolved.
Read between the lines guys FAR reserves the right which IMO is a face saving exercise to do nothing.
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