With limited info out there from JV, it's only fair for people to speculate on possible scenarios...
but some speculations such as the 45M cash call by the JV is baseless...
Senegal government hasn't approved Conoco/Woodside deal... JV remains unchanged... so FAR's payment obligations remains the same as in the previous drilling phase...
So there is no need for CR at the moment..
I emailed FAR about PE and drilling dates
and also to see if we could get any details in the upcoming CNE CM update - about JV payment arrangements (so that we could work out any changes to JV composition) but just got a standard reply (below)...
Still Conoco deal not approved, I won't expect anything around PE in tomorrow's CNE's update, but any info on drilling details would be great... cheers...
"The two matters you mention are independent of each other.
The joint venture awaits a decision by the Government of Senegal on the proposed deal between Conoco and Woodside.
Meanwhile preparations for drilling are moving rapidly forward with drilling expected to commence shortly.
Regards"
With limited info out there from JV, it's only fair for people...
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