Yes its pretty simple for FAR. they just need a little more time for someone to give them $500M dollars or so.
How is FAR credit history and track record of securing and paying debt of this scale in the past? Ans - no previous debt repayment of this nature. They are totally good for it! Trust them.
How strong are the FAR financials - will they convince private equity players to throw them 1.5x their total market cap as cash despite their lack of track record? Ans: What lender isn't going to throw money at FAR with these outstanding numbers?
Given their state of affairs, if FAR somehow pull a $500m "Steven Bradbury" deal off by themselves without massively selling out their existing shareholders I will be mighty impressed with their financial teams negotiation abilities.
Finally what is the advantage of a different partner? Why not go with WPL?
Ann: Proposed sale of ConocoPhillips interest in Senegal,WPL-FAR.AX, page-13
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