WPL are publicly/actively looking to sell down their stake and are likely awaiting for FAR's stake to become WPL's or not before selling down.
If WPL can get FAR's stake then they can sell a bigger stake which is likely more attractive to the big buyers.
WPL will likely be able to sell down their SNE stake for a profit as well given the original purchase prices were arrived at during 2020.
Woodside had US$6.5billion of available liquidity at 31 December 2020 so coming up with a few hundred million for say six months is hardly an issue . Plus WPl have likely been very profitable over more recent months.
The white elephants of FAR you refer to are possibly the other exploration permits? They can just be handed back to the respective countries.
News: FAR Australia's FAR Ltd receives $170 mln takeover offer from Russia's Lukoil, page-138
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 200000 | 1 |
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| Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |