July 2016 COP and WPL announced the proposed sale of COP Senegal BV. Deal was subject to PE rights and Govt Approval.
There was a 30 day PE window if the PSC and Senegal Model JOA are applicable.
Aug 2016 FAR lodged a dispute regarding notification compliance. It appeared to be subsequent to the 30 day period if you use Announcement dates as the notification date and FAR dispute Announcement as Dispute date.
Sen govt reportedly encouraged parties to find an amicable solution.
WPL's PC says in upstream article regarding FAR dispute - "you cant PE a company".
COP confirmed that FAR had PE rights but that the time had expired.
October COP and WPL announced completion (implying PE was not happening and Govt Approval was deemed)
October 2016 - March 2017 FAR said they maintain notification did not comply , they were unaware of government approval and all in Government hands.
March 2017 FAR no longer say they are unaware of government approval (no mention) and reserve the right to escalate to Arbitration.
You are here and there are nice drill results, lets talk about Carbonates potential!
July 2016 COP and WPL announced the proposed sale of COP Senegal...
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