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News: UPDATE 1-ConocoPhillips hits snag in Senegal deepwater stake sale to Woodside, page-54

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    In its announcement of the Purchase Sale Agreement on 14 Jul, Woodside showed itself perfectly well aware that the completion of the PSA is subject to satisfaction of customary conditions, including pre-emption . . . Therefore there does not seem to be any question of CON being negligent in relation to WPL.

    So for me it boils down to this. On what date, if at all, was FAR formally shown the agreement between CON and WPL?

    It's on that date that the 30 day clock would have started ticking.

    I find it inconceivable that FAR would have seen the agreement, said they would get back to CON and WPL, and then just done nothing until it was too late.
 
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