Woodside AGM, page-153

FAR was NOT entitled to buy the Furniture Company.

FAR did not want to buy the Furniture Company. They just wanted to buy Conoco's 35% of SNE and surrounding permits as is their PE right according to the JOA that all have signed.

Conoco only needed to give FAR a specific price for that 35% , completely separated from the rest of the company assets and/or liabilities they were selling to Woodside.
If they had done that, there would be no arbitration.

The way Conoco should have done the deal to avoid the pre-emptive rights witin the JOA , would have been to sell shares (49%of the company) in COP Senegal BV to Woodside , that well may have not constituted a Change of Control to Conoco's 35% according to certain jurisdictions of law.

You may want to read up a bit more Cosmoterios as it certainly appears you don't know what you are talking about and may be the one who is confused.