FAR 1.02% 48.5¢ far limited

Goldman Sachs - Value of SNE :), page-45

  1. 13,528 Posts.
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    IMO COP wouldn't care less about what happens in Senegal, they have their money and at this stage still have the lease, if the PE process is restarted it will be back to where they were before....at worst they may have to fork out some compensation...the regret COP may have is selling out of Senegal but that was a policy decision at the time due to debt ...WPL would be the loser in the sense that an opportunity would have been lost but at this stage they don't officially own 35% of Senegal anyway....whatever, both Companies are large and will move on, they have both been around for a long time, been very successfull and Senegal is / would have been only a small part of their overall operations...you win some and you lose some..

    FAR certainly has the chance to be a very big winner with PE as SNE is their only commercial project but that result is far from certain and needs to be discounted untill proven successfull...well worth the effort regardless of the result...FAR has already had a big win with 15% of SNE and stands a good chance of an even bigger win in Gambia.

    So forget about WPL or COP, its FAR most of us have our cash in but be thankfully they have given us an opportunity to end up with more of SNE , without them the opportunity was never there...

    Cheers Whisky
 
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