Ann: Remus Non-Binding Indicative Proposal, page-99

The JVA does not cover take overs from my reading but below is from the actual Hunt Oil PSC.
I'm not sure Senegal could block anyone from entering the JV if they can prove they have the cash required.

ARTICLE 29

ASSIGNMENT RIGHTS AND CONTRACTOR CONTROL

29.1. In accordance with the provisions of the Petroleum Code, the rights and obligations resulting
of this Contract may not be assigned, in part or in whole, by any
of the entities constituting the Contractor without the
prior approval of the Minister. The assignment must cover all the rights and obligations
relating to this Contract.
If within sixty (60) days following notification to the Minister of the proposed transfer
accompanied by the deed of transfer, the latter has not notified its reasoned opposition, this
assignment will be deemed to have been approved by the Minister at the expiration of said time limit.
From the date of approval, the assignee (s) will acquire the status of
Contractor and must meet the obligations imposed on the Contractor by the
Petroleum Code and by this Contract to which they will have adhered prior to the assignment.
In the event of a transfer to an Affiliated Company, the Minister will authorize the said transfer and
may request, if necessary, that the parent company submit for the approval of the
Minister a guarantee of proper performance of the obligations arising from this
Contract.
29.2. The Contractor is also required to submit for the prior approval of the Minister:
a) Any change of person or any project which could lead, in
particular by means of a new distribution of company titles, to a
modification of the control of the Contractor or of an entity constituting the
Contractor. The
distribution of the share capital, the
nationality of the majority shareholders, as well as the statutory provisions
relating to the registered office and the rights and obligations attached to the corporate securities will be considered as elements of control of the Contracting Party or of an entity constituting the Contracting Party .
However, transfers of company securities to Affiliated Companies will be free.
As for transfers of corporate securities to Third Parties, they will not be subject to
the approval of the Minister only if they have the effect of placing in their hands
more than twenty-five percent (25%) of the capital of the company.
b) Any project for the constitution of security interests in goods and installations assigned to
Petroleum Operations.
The projects referred to in this article 29.2 will be notified to the Minister. If within
sixty (60) days of said notification, the Minister has not notified the
Contracting its reasoned opposition to project audits, these are deemed to be approved ....