FAR
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1.98% 51.5¢ far limited

No a t/o by WPL would make all the issues with FAR protesting...

  1. WhiteNoise
    6,650 Posts.
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    27/09/16
    00:42
    Post #: 19434755
    No a t/o by WPL would make all the issues with FAR protesting disappear and there is zero the Senegal government can do to stop them.

    The problem for WPL is can they gain 50.1% control without spending silly money?

    And the longer they wait the more expensive, why sell to WPL when two more appraisal wells are to be spudded in the next 4 months.

    Meanwhile if the PE timeline restarts and FAR exercise there PE rights due to the sugar daddy option being available it leave WPL with zero exposure to SNE.
    FAR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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