After nearly 3 years, you guys are still confused. Here is a...

After nearly 3 years, you guys are still confused.

Here is a simple version - FAR was entitled to buy the furniture (ie. the SNE Asset) of the company.

FAR was NOT entitled to buy the Furniture Company.

Its in the JOA - basically, upon any change in control, the JV participants have a right (30 days) to buy a Particular ASSET of the Company - in this case, the SNE and surrounding permits (where the JOA was in place), NOT the company itself - COP Senegal BV.

The company - COP Senegal BV, held other Assets and Liabilities, which under the JOA, no JV participant have a right over.

The problem was Cath and her team, thought they could access details of the company: either it was a deliberate strategy to delay or were attempts to extract $ to waive the PE right (refer to the 2017 AGM presentation) or just pure incompetence by Cath and her team, in not understanding the clauses of the JOA.