FAR 3.30% 44.0¢ far limited

Ann: Update on Remus Proposal and Woodside Sale, page-28

  1. 616 Posts.
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    There are 3 interested parties for FAR/SNE
    1. ONGC - I wonder if they will increase their offer to beat Remus
    2. Remus
    3 Woodside (maybe) - Woodside may be just happy to sit on the sidelines and see how it plays out and may dive in if Remus looks to be the winner and the cost is such that there is still value available.

    I hope FAR have a good relationship with ONGC and can winkle out a better bid from them.
 
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