The sovereign can do what they like...it is...after all... their resource.
Otherwise,,,, technically,,, the Mafia.... or Gypsy Jokers ........could end up in a JV with Exxon etc
Have you forgotten all the errant chat here about WPL entering the JV.... and how Macky would refuse them...???
DB and Johnny Flip Flops swearing the sovereign would not sanction the COP/WPL transaction......
They were wrong,,,, as per.....,, the sovereign welcomed WPL ......as a highly reputed company.....
Uncle Remus...not so much.....perhaps...imo.
DYOR
Ann: Remus Non-Binding Indicative Proposal, page-103
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