Whitenoise.
If FAR are successful in forcing pre-empt in this case then it will significantly reduce the possibility that FAR will ever be taken over - at least not by anyone interested in Senegal assets.
Lets say FAR are successful in the current legal argument regarding the application of pre-empt rights when 100% of the shares of a JV partner (ConocoPhilips Senegal) get sold. In that case if WPL or anyone else bought 100% of the shares in FAR they could lose all rights in Senegal when the other JV partners pre-empt on the Senegal assets of FAR.
This is one for the lawyers in Senegal to work out.
Woodside want quick resolution to Senegal, page-57
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Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.5¢ | 49.5¢ | $94.59K | 189.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 69438 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 22471 | 1 |
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| Last trade - 15.38pm 29/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |