Actually Arbitration will decide if COPs notification to FAR that they had a right to PE fully complied with the JOA requirements or not, then they will decide what COP should do about it (if their notification was not fully compliant).
I would be very surprised if they decided to invoke the time-lords and reverse the transaction, turning the clock back 2 years so to speak. Its not impossible but very messy. Highly unlikely IMO.
News: Woodside 3rd-qtr revenue slips 7 pct, cuts annual output forecast, page-7
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