PE/project conundrum...up to Banks and the Govt., page-24

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joseph1652

4,838 Posts.

562

06/08/18

21:59

Post #: 34759623
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Originally posted by 34232 ↑

I have seen no reason thus far to change my view that WPL are keeping the seat warm.
Kfann's post to me is more confirmation that this is "Big Oil" country.
WPL isn't "Big Oil".
It does seem that because of the delays, WPL will be keeping the seat warm for some time to come.
That is that WPL will be "participating", for quite some time to come yet.
So long as there are no delays the Govt will be happy.
As Kfann says perhaps this takes the pressure off FAR. In fact perhaps FAR doesn't want a result in the near or intermediate term.
Would it be possible that actually now it is in FAR's interest to kick the arbitration "can" as far down the road as possible. It is FAR that has told us "out of the blue" that a result is more than a year away.
One minute posters were talking about TOR's, imminent hearings and a decision within months to official FAR release saying more than a year hence?
We were all thinking that everyone else wants to delay to put pressure on FAR. Or COP to suit their own interests?
Perhaps it is the opposite?
Does the passing of time and delays actually change the merits of FAR's case which I believe can only have a binary outcome.
If COP delays had the intention of "squeezing" FAR is it working.
How much FAR can be "squeezed" I believe will depend on the relationship between FAR, FAR's backer and the Govt.
More likely that COP delay's were/are just self serving.
All stuff that we know nothing about, and can only speculate.
If FAR's backer, in the broadest sense, that is, Company, Country, Govt, has a good relationship with the Senegalese Govt it is quiet possible that WPL could be "hung out to dry", until a time that suits.
If part of the above correct then who would the pressure really be on?
How would PC be feeling about the "noise".
Obviously I am a part of the Pom Pom brigade, and want what I believe was a wrong put right.
Seems to me that such extended delays could put WPL in a "untenable" position, notwithstanding that they can't do anything about it.
All just pure opinion
We will see! However it does seem that we may have to wait for quite some time yet!

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OK this bloody PE thing ,but really does it really matter how long it takes FAR is still doing their thing ,plan to drill and proving what they have now .There will not be any oil produced until 2021/2 ,if we are not taken out before then ,COP could no care how long it will take ,the money they sold it for is only beer money to them.
The only one that is on the spot is WPL ,they really cannot make any long term plans ,till they know how they stand ,YOU WOULD NOT BUILD A HOUSE TILL YOU GOT A TITLE WOULD YOU .
So are they happy to sit it out ,or bite the bullet and take as out .Before we get to big .IF i was WPL i would be doing just that ,maybe they all ready have a big stake in FAR .

FAR Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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