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Ann: Lukoil Non-Binding Indicative Proposal, page-17

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Uboy

4,680 Posts.

1083

17/02/21

15:06

Post #: 51082066
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Originally posted by SilentPartnr ↑

"Lukoil has stated that the Lukoil proposal is conditional (amongst other things) on: -
The FAR shareholder meeting to consider approving the sale of the RSSD project to Woodside scheduled for Thursday 18 February 2021 being rescheduled.
- Obtaining minimum acceptances of 50.1% of shares and a FAR board recommendation."

Interesting, they are only making it conditional upon 50.1% acceptance. That means they must be intending on securing the finance in some form for FAR to continue with the project. This is really good news!

I always said than when Lukoil made their bid for Cairn's 40% of Sangomar that it was most likely they were also behind FAR's PE arbitration bid;

Regards

SP

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Yep 51% and FAR can still stay on ASX?

Then when WPL sell down their share FAR is the vehicle to grab more %.

FAR Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
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Last 45.5¢		Change 0.000(0.00%)		Mkt cap ! $42.04M

Open	High	Low	Value	Volume
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Price($)	Vol.	No.
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