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Ann: FAR update, page-38

  1. 940 Posts.
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    I think it is important to remember that whilst the situation sees FAR's debt finance now under a cloud, we do still have $150m in the kitty to work with.

    It is not only FAR that is being affected atm but the project as a whole, and ALL oilies (including Woodside). With the potential that the project may be delayed, then we may be buying time to re-firm up the required funding as things settle.

    IMO, much will depend on the approach Woodside takes (and including towards FAR...will it be supportive of FAR or...??)

    I suspect we will be hearing from WPL soon as well

    dodds
 
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