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Ann: Update on Remus Proposal and Woodside Sale, page-115

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    lightbulb Created with Sketch. 89
    Best chance of a take-over is from Woodside IMO.

    They will not want another party in the JV if they wish to sell down equity to manage project risk because the pre-emptive rights will limit the price that they could achieve. Parties will be reluctant to engage in a sale process if they are only going to get pre-empted. A takeover from woodside will also allow them the manage the Gambia field extension to their advantage
 
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