FAR 0.00% 44.5¢ far limited

Cairn announce signing of FID, page-7

  1. 4,412 Posts.
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    Thankyou GO, you cut off the best bit, Cath's bit from the FTSE statement by Cairn... ... not really news worthy but nice to see.

    FAR Managing Director Cath Norman said;

    "This is a momentous milestone for the joint venture and the people of Senegal. We thank all of our

    stakeholders and look forward to the coming weeks and months before first oil in early 2023."


    Monday looks interesting for financing statement... then arbitration probably a few weeks later.

    Wow this bucket of bolts is moving, with major component contracts being signed. FAR trying to renegotiate with the first 2 banks to lift lending? The third for some reason, seems shaky or requires some other info/support. I would suggest with the momentum if outcome of PE in FARs favour, (small chance), Woodside may have to pay aggrieved parties a settlement.... which could continue to be negotiated as this thing is built.
    Last edited by trousergecko: 15/01/20
 
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