It could be that the FAR dispute holds up a TO move on FAR. If FAR were successful with PE then TOTAL would appear to be quite motivated to become the operator with 15+35% and operator status by taking out FAR.
On the other side of the TOTAL coin they might be looking at CNE and working with Woodside as a JV partner. Woodside and TOTAL are JV partners on the A6 block in Myanmar (40% each) where they have 0.9Tcf 2c gas and an upcoming drill program this year so are not complete strangers and are currently working together on a development project.
Any M&A activity in a rising oil commodity price environment should be positive for FAR.
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