Calculating Pre-emption

This depends on the number of co-venturers that pre-empt a transfer.  In the event that no co-venturers pre-empt then the transfer will proceed as expected.  Where one co-venturer pre-empts they will receive the entire interest.  Matters become more complicated when more than one co-venturer pre-empts.  In this situation you have to calculate the percentage of the Transferred Interest that applies to each of the pre-empting co-venturers.