Buying out FAR at 6.5c would cost WPL about $408M plus admin costs if successful. And they would get all the other Gambian and Kenyan blocks with it. And the PE issue vanishes.
I'm still a bit baffled as to why that move wasn't made years ago. Maybe they were hoping we would fold and they would pick up FAR's 15% for next to nothing.
News: FAR Woodside would consider increasing stake in Senegal oil field - CEO, page-18
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |