Woodside results presentation, page-36

My phone seemed to copy the text without problems. I'd guess the normal corporate bluffing and positioning etc is going on

Peter Coleman: Okay, James. Firstly, on Senegal I think it would be a little presumptuous for us to make comment on
where the joint venture thinks they are on FID, although I would suggest to you there's probably two steps that the joint
venture will go through. The first one is taking a really good look at entire acreage position and understanding exactly
what is required to delineate the full resource opportunity within the acreage. Cairn mentioned in their update earlier this
week in fact that they thought there was a fairly significant undiscovered resource opportunity there within the existing
acreage.
So we have to get into the joint venture and really understand where their position is. Having said that, our view is
supportive of that position and so I won't say we'll be diametrically opposed, we'll be just simply working out what's the
best plan of calling commerciality on the existing discovery and delineating that further, or do we put our efforts into
further exploration and delineation of the resource potential in the blocks? So they're the issues that we'll be dealing
with. We hope to close on this by the end of the year but obviously we're hoping to be in the joint venture a lot sooner
than that. ConocoPhillips are working through the closing process and as we mentioned, the final part of that is approval
by the Senegalese Government and we expect that to be forthcoming. There's nothing we're aware of at the moment
that would slow down that process.