Hi Hotazel
PE at best 50 50.. In the absence of any facts from any side of the arbitration...50 50 is ok
Saying "at best" is just another guess but pushing the downside
"The point is FAR will have think long and hard whether to PE if they, in fact, get the opportunity to PE"
Actually , it's unlikely in my view that at PE they will start thinking long and hard ...way too late. Should FAR get the opportunity to PE then i expect that they will have a third party on board to back the execution.
But, as time goes on parties may withdraw and FAR would have to seek new interest. It's possible to me that they won't have a committed partner or buyer at PE but they will have someone waiting in the wings. Whether they pull the trigger will depend on global oil issues or global financial issues at that time.
Bottom line is that the sne field seems to be internationally recognised as a quality asset which gives me confidence that there will be buyer
demand should FAR get the opportunity to PE.
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Hi HotazelPE at best 50 50.. In the absence of any facts from...
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