You are going around the wrong tree acting like you dont know...

  1. 13,445 Posts.
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    You are going around the wrong tree acting like you dont know about the PE process COP started in 2016 triggered by the change of control. We seem to agree that PE rights were indeed triggered by the sale of shares and change of control of the holding company (where the owner of the holding company changed from COP to WPL). This in no way changes the rights under the JOA triggered by other types of transaction such as the sale of Working Interest via a Purchase Sales Agreement (PSA) or farm down of some % the JV working interest. FAR have taken it to arbitration to seek declaration that a transfer occurred which COP Senegal BV denies as they (under their new trading name) are still the holder of the WI. Lets see where it goes. My bet is corporate action from WPL of some kind if the decision looks like going FAR's way. By March 2019 Arbitration will start to delay FID for WPL which may also bring forth an offer.
 
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