Smithy91 - Yes a tad worrying - hopefully because OML18 is sitting right next to the Bonny terminal we are not overly exposed regarding pipelines connections per se.
As you will have noticed from the NDA home page there are many more highly valued targets than SLE 9.75% - another cautious "banker" type investment by OF aka Tosca.
It was interesting to read that they were still bothering or could even find an empty tanker to put the product in given the oil glut in storage on the high seas - must be due to Nigerian low cost production base - when one has a look at the pile up of tankers around the Singapore hub - Ill take the fact that Nigeria could find a tanker to load as a positive for us (SLE) being able to shift the product in even the current low cost market..
Amazing how the trolls just kept squabbling in spite of what I posted a few days ago concerning the NDA.
The general subject of pipeline security seems to be raising its head on the BB so if you really want to see who owns what in the Nigeria Delta visit the home page of the NDA at http://www.nigerdeltaavengers.com/ home page.- that should give the trolls on this BB something to talk about other than OF salary.
Yes I own SLE shares as my previous posts indicate - am I a tad worried yes - but with Black Water on our side no sweat?
The force majeured closure of the Bonny terminal has been announced by Shell on 11 May. As you are so knowledgable about Niger Delta pipeline systems, can you oblige me by telling us all where current OML18 production is going since that date. You may have to report back to base?
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