Deerrr,
day did get PE rightson the 30% interest ,but obviously had no backer to stump up the USD $440 million within 30 days,so decided to play silly buggers and expect to be given confidential details of the Holding company.
If they were truly serious,they would have just said,yes we will take up our PE rights and then if there were any unpleasant surprises hidden in the company,then taken arbitration proceedings against COP, but still have the 30 % today which they could have possibly sold down on.
Now,they can be caught with their pants down if COP gives them a new 30 days to stump up the USD 1.7 billion including capex.
Truly amateurs.
Kimbo77
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