Hmmm
30% to FAR, 70% to CNOOC.
If say the true cash PE barrel value is around $4 then CNOOC would pay COP $800 mill but would probably get around double the resource or 280 mill barrels. FAR end up with an extra 120 mill barrels.
Trigger needs to be pulled on this one.
After all why should COP care if its WPL'S money or someone else, one wonders.
Always a good read around AGM time. Thanks OOO and others.
DYOR IMO Etc
Hmmm 30% to FAR, 70% to CNOOC. If say the true cash PE barrel...
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