“The Group does not have sufficient cash on hand to exit default...

“The Group does not have sufficient cash on hand to exit default prior to the end of the 6 month maximum default period on 18 July 2021 unless the asset sale to Woodside is completed. The Directors consider it likely that asset sale will be achieved in the required timeframe.”

and they keep banging on about WPL having the discretion to waive the still unresolved 3rd party condition?

Given the quote above, the only possible way I can see WPL waiving that would be if ONGC had already agreed to waive it and then WPL are obliged to do same for preemption? Otherwise WPL can simply sit on their hands until 18 July 2021 and save a few bob...