It's interesting how there are several time lines operating.
COP's asking for Government approval for the deal and the Governments obligations to that request.
ie:
If within sixty (60) days of notification, the Minister has not notified to the licence holder the reasons for his objection to any change of control, it is deemed approved.
Far's time line appears to be open ended regarding its admitted rights by COP to be able to pre empt.
So it is very doubtful the government the will approve the ddeal by letting the 60 days pass without a yes or a no.As this could lead to legal action by Far against the Government after a possible dispute Court visit between COP and Far.
Time is on Fars side here imho.
Let's just keep on proving up and adding to those barrels.and COP will have to keep on paying its way in this venture.
Kimbo
Senegal dispute resolutions, page-5
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