Whitenoise.
If FAR are successful in forcing pre-empt in this case then it will significantly reduce the possibility that FAR will ever be taken over - at least not by anyone interested in Senegal assets.
Lets say FAR are successful in the current legal argument regarding the application of pre-empt rights when 100% of the shares of a JV partner (ConocoPhilips Senegal) get sold. In that case if WPL or anyone else bought 100% of the shares in FAR they could lose all rights in Senegal when the other JV partners pre-empt on the Senegal assets of FAR.
This is one for the lawyers in Senegal to work out.
Woodside want quick resolution to Senegal, page-57
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