Ann: Proposed sale of ConocoPhillips interest in Senegal,WPL-FAR.AX, page-106

In "The West". Just copy and past from the announcements but media coverage nevertheless.

Oil and gas explorer FAR has potentially thrown a spanner in the works of a $US350 million Woodside deal to buy a stake in oil fields off Senegal from ConocoPhillips.
FAR and ConocoPhillips are in a dispute in regard to the FAR’s right of pre-emption over the proposed sale of 35 per cent of the deepwater assets.
The Melbourne-based explorer said it had legal advice that ConocoPhillips had failed to comply with the terms of the joint operating agreement in relation to the deal.
“As a consequence, FAR believes that the pre-emption period has not yet commenced,” FAR said.
It said the Senegal Government had urged both parties to amicably resolve the issue.
FAR holds 15 per cent of the reserves and operator Cairn Energy 40 per cent. The explorer farmed out the stakes to Cairn and ConocoPhillips. The Senegal Government holds 10 per cent.
Woodside announced the deal last month which would enhance its interests off Senegal.
The WA oil and gas producer’s shares closed down 12¢ to $29.20. FAR was down 0.2¢ to 7.8¢.