FAR 1.61% 6.1¢ far limited

The FAR side of Coleman's Senegal spat, page-4

  1. 1,898 Posts.
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    As been said "scorched earth" in trying to "bully" FAR.
    Must be really confident of his ground in this trivial case, not!
    Also as said, CNE must be totally impressed with there new Operator/ JV partner, not to mention the Senegalese.
    PC a CEO of a 30 billion dollar company?


    "FAR’s sanguinity is sustained by a belief, first and foremost, that expiration of the PSC offers the government a call on tenure that it is not going to make."

    "We are assured that there is a standard clause in the PSC that prevents the termination of the licence while the government evaluation process is in train or subsequent to development plan approval."

    "FAR is the vehicle" for replacing WPL with Senegal's "Big Oil" preferred Operator.
    As such good relations between FAR/CNE and the Senegalese with a common goal.

    FAR/CNE happy to let the PSC expire? WPL I would wonder less so but best tactic he can come up with?
    Suspect that even if WPL requested an extension it might not be granted in any case, pending ICC decision.

    Wild left field thought, is if PSC expired even if decision went against FAR at ICC, that is WPL prevailed, Senegalese would have upper hand and possibly kick WPL out as PSC has expired? Messy messy!

    Least we know where the 28th Dec came from, 3 months after 28th Sept, last day for rebuttals.
    Plot thickens!
    Wouldn't miss it for quids!
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