We need a PE update., page-3

Tony
Your statement "the PE state of play needs an update" should perhaps be "needs further explanation"
Cairn's release today acknowledges WPL as a 35% JV partner, no mention of an outstanding government approval. WPL comment extensively in their recent release as if SNE is a done deal, no reference to outstanding Senegal approval or that PE rights are still in play.
Both Cairn and WPL are openly making statements that they know are still subject to dispute without acknowledging that fact.
The only justification for this is that they know FAR have either relinquished their right to PE, or an agreement between the parties has been reached and that now requires Senegal approval.
FAR have intimated that the PE mediation process is complete and that this is now in the hands of the Senegal government.
What is it that allows other JV partners to go public and forces FAR to remain silent.
Yes you are right, PE needs further explanation FAR owe it to thier shareholders.
IMO