Woodside vows to defend SNE oil site

Original article by Matt Chambers
The Australian – Page: 20 : 31-May-18

The legal dispute over a stake in the SNE oilfield in Senegal was a key issue on the agenda at FAR Limited’s 2018 AGM. Chairman Nic Limb told shareholders that the company will have the right to buy a 35 per cent stake in the oilfield at the same price that Woodside Petroleum paid for it if an arbitration court rules in FAR’s favour. He has also not ruled out seeking a partner to buy the stake if Woodside’s deal with ConocoPhillips is overturned. A Woodside spokeswoman has described the arbitration as "frivolous" and without merit.

CORPORATES
FAR LIMITED – ASX FAR, WOODSIDE PETROLEUM LIMITED – ASX WPL, CONOCOPHILLIPS, INTERNATIONAL COURT OF ARBITRATION

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