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08:21
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Originally posted by Oddoneout
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That’s a great pick-up, Szaba. I’ve not seen FAR question the very mechanics of COP’s ‘company sale’. Their clear inference is that COP back-engineered an asset sale to dress it up as a company sale, providing for Coleman’s ‘you can’t PE a company’ claim.
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Cheers OOO below is a Snippet from CNE...I think some confusion may come from expenditure to first oil and total Phase one expenditure which are different...thanks for clearing up the DJ issue ..."Capex to first oil ~$800m (net to Cairn)"
(20min delay)