Ann: Proposed sale of ConocoPhillips interest in Senegal,WPL-FAR.AX, page-53

Firstly, my comments on woodside growth where in response to another poster who said there were no growth options and therefore had to nab the Senegal deal, personally I don't think they have to close at any cost and I'd prefer if they didn't pay too much.

As for HDR, it may have been a commercial failure, but for Mauritania government it was still a positive to have the development. I'm sure that WPL will themselves be selling this experience to the government as a significant learning.

Yes SNE is significant, but Id rather see multiple small well priced deals than overpaying. Personally I think FAR is too expensive, at least in current market conditions.

As we watch the deal space in O&G over the next year I suspect that buyers will be using this price to negotiate other deals down in price. Look back at $10 oil, and the price paid for deals then, it was often cheaper to buy reserves than drill wells. I would like to see WPL maintain a M&A war chest for this very reason.