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FAR PREEMPTION ON SANGOMAR POSSIBILITY, page-118

  1. 176 Posts.
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    Lol......FAR ain’t getting a loan from anybody. Best they can hope for now is to give away around 12% in exchange for free carry on around 1%. But Woody would probably PE. Don’t forget that anybody making a formal offer needs to spend time and money inc. setting up a entity in country. Why bother if you think Woody might PE? There are easier opportunities out there. So sorry....Cath n Co have missed their chance. Don’t forget that they were in a process with Cairn. They coulda got a decent sum for their 15% when they were selling 55% with Cairn. Their withdrawal from the sale process probably slowed it down resulting in the low ball post-covid deal that Cairn got from Lukoil. FAR screwed that’s up too. TBH, they deserve to get wiped out for nowt for what they’ve done. Sorry SH but that’s how I see it.
 
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