LOL.
Ask MoneyKeevil to explain to you why the ROFO is virtually worthless,
...specifically around 'how it w/b wasting eveyone's time using it as a bluff like you suggest it be used i.e. using the ROFO with an ask price before ALREADY having interested competing parties, CONVINCED of our ASK PRICE and LINED-UP with BIDS'.
And oh, don't forget...what we have to sell to these competing bidders is our place in the rotten JV...Good luck with your save-the-day ROFO. Majors can read the SCJV and see what it is. We have to sell a jr position in a particularly jr-punitive JV.
Good luck with the pumps dudes. I'll sit back and let the above reality sink in for a while for all you hopium smokers.