Sturminator1 Yes Tap has the right to sell their share of the...

Sturminator1

Yes Tap has the right to sell their share of the gas assets but the other joint venturers would have preemptive rights to intervene on the sale.

Say, for example, Brookfields (who are currently running the ruler over Apache's gas assets) bought Apache's 30% of Zola and then they decided to buy Tap's 10% also for $30M, Santos (who is a JV in Zola) could use their preemptive right to stop the sale and pay Tap $30M instead.

I think splitting up the assets and selling them off separately would realise a lot, lot more than 30c/share.