I find it hard to believe $200 million dollar companies can stuff up legal commitments to JV's let alone midtier big Oil&Gas companies worth many multiples of that?
Does BHP, Total and the like have teams of lawyers? Do the mid size companies just take a punt and decide to save a few pennies by just waiting for a problem to happen and then just grabbing whoever is listed under AAAA oils and gases legal in the yellow pages?
Is there a pattern forming that Australian premier O&G companies couldn't organise a chook raffle without some stuff up?
Good corporate citizens shouldn't be getting dragged to court, it's a waste of shareholder money ( dead money).
Maybe I'm being too harsh, maybe the big boys and girls think that a fat wallet puts them above good corporate behaviour?
Then again, WPL may be justified in their position? I look forward to seeing how both these claims work out, interesting times for Far's potential JV partner![]()
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