"4. As pointed out in an earlier post, the other JV partners will have the opportunity to PE the deal to whoever FAR sell to. But, the only partner who may be interested is Cairn (who already have 40%) and the price will be more realistic and less attractive. Remember, FAR are only interested themselves because the price seemed low."
Ho, ho, not so fast....
CNE could also have a backer interested in CNE's percentage AND Far's hypothetical 'on sell' to their backer if PE is successful.
Could be one and the same backer for both, couldn't it?
Conspiracies a plenty.
Woodside as operator !!!, page-61
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