Cairn and Far look to cash in on $4bn project off West Africa, page-63

Certainly getting interesting.
Only a couple of thoughts to add.
Whether it be avoid potential PE issues or just “mutual interest “, good to receive the message that CNE and FAR are operating “in concert “.
Article certainly “leaked”, for strategic purposes.
Or even possible that a deal has been done or near done?
These articles as we know always appears for a reason.
Is it just to put pressure on WPL?
First appeared in “The Australian” not some Scottish newspaper?
Combinations and permutations possible?
Only thing that I can deduce so far is that they potentially won’t favour WPL and even could put WPL’s Operatorship at risk as discussed. Tks. You are way ahead of me.
The shifting sands.
Dissapointed at raising at low price post Samo of course.
But it does put FAR in a secure position while this “plays out”.
Not surprising that FAR is so quiet.
So we now have two JV partners operating in concert and a third without approval and only an Arrete to say that they are “participating “. Unable to PE any sale?
If the dice rolled FAR’s way would potentially put FAR in a strong position to handle a PE win.
As I say has a deal already been done?
Nothing to think that I want to change my mind yet.
Watch this space!