The first 50% of projected income is needed to service debt each and every day before any other overheads.. I recall reading somewhere that's exactly what happened to Mart. Their debt was rising faster than profits and was the reason they had it up for sale within 12m of acquiring it. Of course give Shell a bit of credit obvious something wrong, otherwise why sell such an amazing asset.....All is not always as it seems.
Like he's been here forever, actually been here just over 4 weeks....Dandeman 100.....Smithy 91......now it's Trent 81 you might say his number's up....We've got the ha ha ha, and the sickening name calling all we need now is a few he he he's and we'l have Links back.......Pathetic PR stunts.....Admin must be able to see through this latest charade transparent as a sheet of glass.
"The attack underlines how volatile Nigeria’s production remains as global markets watch it and Libya”
If you cant export it there is no point in producing it. If you cant move it to the storage facilities, that are shared by all and probably full already, there is only one place to keep it, in the ground. That equates to NO production. So you could argue It certainly wont effect production if there is no production, a bit of a catch 22 situation.
...The militant group had attacked the pipelines in the past, with the operator, Shell Petroleum Development Company forced to declare force majeur due to non availability of the pipeline for export of crude oil.
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