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WPL and FAR discussion, page-22

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joseph1652

4,750 Posts.

537

01/06/18

22:04

Post #: 33445306
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Originally posted by Riskup ↑

Oz-w, Yes, FAR was prevented from PE'ing by COP, so... yes, they didn't PE, and now have a good chance of being able to do so, and acquire the 35% at the original COP sale price of $450m.

If FAR then decides to on-sell to CNOOC, Petronas, Total, BP (or WPL) at -+$1bn - $1.9bn, (giving FAR a free carry to production) then yes CNE has the opportunity to match this price.

The JV has been doing the work well with CNE as operator. WPL is likely to become the contract operator in June 2018, but with the risk of becoming a ST contract operator holding 0% of the JV stake by December 2018.

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OK now that is all cleared out by Riskup ,i will leave you all to think about buying into FAR
No need to ask anyone here how they feel ,becouse no one had the right information they needed .

WPL Price at posting: $32.14 Sentiment: None Disclosure: Not Held
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