Thought of posting the email I sent to FAR so that people could interpret the way they would prefer...
whether the response that there is no downside to our current position refers to our PE rights or our 15% stake...
My email:
"Woodside's statements in the full year profit report implying that the deal with Conoco is done and planning to transition to take over operator ship prior to SNE final investment decision. Could this be inferred as FAR's pre-emption rights over Conoco's interests is slipping out of our hands OR is it the passive aggression displayed by Woodside".
FAR's response:
"We are very well aware of what Woodside in its release.
We have nothing to add to that.
When there is something to report we will release to the ASX.
We do not believe there is any downside to our current position so we are focussed on the drilling which is underway.
Thanks"
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