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Woodside AGM, page-122

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szaba_the_hut

14,139 Posts.

705

08/05/19

09:04

Post #: 38459471
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Originally posted by SilentPartnr: ↑

Szaba,

I agree with what you are saying. However, do we know that COP issued a valid PE notice to FAR to purchase the working interest for the price WPL effectively paid for it. Maybe this is where the problem is. Perhaps COP gave FAR details of the price to buy the company but would not give them details of liabilities and or contractual liabilities that would come with buying the company.

I also note that while the PE right was WRT the working interest, I would expect that most of these transactions that occur, where one company completely exits a country, would occur by the sale of the holding company by mutual consent i.e. neither COP nor WPL would want to be left holding the holding company if FAR had PE the working interests.

Do we know COP actually gave FAR a valid PE notice for the working interest?

Regards

SP

Expand

I think those unkowns you run through are real.

The possibility (although slim IMO) remains that the original notice did not comply.

FAR Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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Last 50.0¢		Change 0.000(0.00%)		Mkt cap ! $46.20M

Open	High	Low	Value	Volume
50.0¢	50.3¢	50.0¢	$41.04K	82.08K

Buyers (Bids)

No.	Vol.	Price($)
2	17562	50.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	94070	2

View Market Depth

No.	Vol.	Price($)
1	8562	0.500
2	38702	0.495
1	99999	0.490
2	104597	0.485
3	210000	0.480

Price($)	Vol.	No.
0.505	94070	2
0.510	201000	3
0.515	123300	3
0.520	335203	4
0.525	118000	2

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