Very true. And I reckon that FAR’s fishing expedition has cost the other JV partners BIG money. One year of Woody’s gold plated management team + the FPSO broohaha + the cash flow implications of delayed first oil. A few hundred million IMO. Doubt if they can sue FAR coz they weren’t tough enough with em in spite of holding 85%...I think they were a tad intimidated. Who cares...them shareholders will take the strain.
Ann: Arbitration Decision, page-290
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