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Tensions bubble up at Woodside's Senegal oil project, page-242

  1. 357 Posts.
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    DB,
    There is no liability to report or record at this point in time.
    COP have already filed a sec report stating indemnification to WPL on sale.
    If that indemnification gets actioned further down the track,then it becomes a recorded indemnification to WPL,with a figure of liability to COP.
    Until and if,it becomes payable to WPL it remains off COP's books,as it doesn't exist yet.

    Kimbo98


 
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