FAR 2.91% 50.0¢ far limited

Ann: Proposed sale of ConocoPhillips interest in Senegal,WPL-FAR.AX, page-75

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  1. 13,293 Posts.
    lightbulb Created with Sketch. 1234
    As far as the 15% is concerned redal that's not the debacle.
    Its how management are handling this.
    They are handling it the same as the option stink.
    You would think they would learn but pressure has made them seem to be doing something.
    They are bringing it on themselves as I see no need to rock the boat.
    They still have 15%.
    Exactly the same when COP was here.
    What's the difference?
    The difference is a new partner.
    Why do the care if its the status quo?
    There is no oil flowing and wont be for 5/6 years according to Cairn.
    WPL say they can get there quicker yet FAR seemingly according to the "ones in the know "want them out.
    Does that make sense?
    Not at all makes no sense.
    Cairn are happy with WPL's expertise yet FAR have a problem.
    FAR remember has a measly 15% which requires a massive amount of capital.

    FAR it seems are the odd one out here.
    You have to ask why?
    Are they that FAR up themselves to even think they can upset the apple cart?
    It seems that way....IMO.
 
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