RE "(a) Senegal On 28 October 2016, Woodside completed the acquisition of 100% of the shares in ConocoPhillips Senegal B.V. for a purchase price of US$350 million plus a closing adjustment of US$92 million."
35% of 560 mil B for $US 442 mil = US$ 2.25 / B
I also recall PC saying somewhere else the figure of $2.20 / B and what a good buy it was.
These figures are a matter of public record. No if's or but's. If FAR were to be going ahead with a PE, then that's what the figure will be used. An
"extraction" asset price so to speak.
If there were other contra deals involved, then they could not afford to have them revealed (especially if it involves TAX) because it would mean that PC was not presenting facts. As I said. those figures are now public record.
Let's say they do reveal other contra deals and the price is higher than the $2.20 / B, then FAR would simply say, no thank you. and would have wasted $ 1 mil. But can COP and WPL afford to do that?
JAIMHO for this Easter long weekend.
KKW
PS
Would the ICC still be selecting the 3rd arbitrator in view of the Easter break?
supposedly end of Mar. Maybe this will be a good Easter Monday for the FARITES.
FAR Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
(20min delay)