Member Info for Alaric

'one word proves an identity of a stranger'? oh yes indeed brother. that, your arrival out of the blue at the end of last year and the whole nonsense-troll kit and caboodle, which you appear to like carrying around as a kind of self advertisement of 3rd generation inherited congenital idiocy. bro 7, as of course you know too well, did his bunk in January, shortly after realising his SP wager with PC01was going pear-shaped. he went out in typical style though with the prophetic (not) words (the SP was then around 27p) .
'The valuation of this company is far too high,note the stagnant SP'
it must be appaling to realise you got things that badly wrong but I guess he lives in his own little dreamworld.

heh Afa - u just been sussed boyo! so why not just pay out to PC01 like a good chap?

Great spot Mclean! Maybe PC01 can collect his SP wager now (I recall a case of decent wine), as u may recall bro 7 done a bunk when he realised he was losing it. (mind you he's backed every loser from Avobone to Sun Trust, so shouldn't have come as a big surprise to him!!)

great stuff mclean thanks. fascinating watching this ever closer relationship between Oisin and Jite Okoloko and their respe companies develop and at such a pivotal time. Another 20% of OML 18 up for grabs - why wouldn't we be interested with the new export pipeline before year end and new wells investment showing already. At this point I would think it likely that oilfield revenues also will be flowing. And with workovers started am sure we will be earning fees now as well. Will be great to get further clarity on all this but can't help feeling extremely positive on the prospects from here. And really struggling to find any downsides.

Somehow don't think you're missing him like 'Jabba Jabba, wherefore art thou Jabba?' .. But Shakespearean rhetoric nonetheless from our resident quillsman, Bluerill, thankyou. Demonstrating that one or two buyers can bring on a winter of discontent in Trollheim whilst simultaneously rendering comparison to a summer's day here in San Leon.

You just don't listen Afa. I repeat : I couldn't give a toss about the bloody Nembe trunk line. Even if our present production is affected by any outages ( far from clear anyway given our proximity to Bonny Island), it is unlikely we will be using it much longer. Our SP has already discounted this and other production factors in multiples, so the question value investors need to ask is what impact on our discounted SP will a new export facility have? Notice I use the expression 'value investor'. To avoid any confusion that clearly does not include the likes of you and Callasjunkie, which rather begs the question what you are? As if anyone cared..

oh well thanks for confirming that, Afa, it wasn't clear initially that the source of this story was one of your corrupt ones. remember in the EU Journal survey, a simply staggering 75% of Nigerian journalists interviewed admitted to being on the take! So if 24.9% were too embarrassed to admit, that leaves about half a dozen journos in Nigeria who are straight. Makes Fleet St. look positively angelic.

it is indeed a compelling investment case at these levels, Parslane (market cap still under £200m) and with so much likely positive news on the immediate horizon. we should have had 2 more quarterly payments, since the Oct 2018 (Q3) one. So Q4 and Q1 just. whilst we are definitely now due an operations update across the board, i think they've probably decided with the Nomad's blessing to stop announcing everything as it happens
. (conversely re the payments, if they didn't happen, I think they would have to announce that! Good luck.

you still here? look i know you are cerebrally challenged so will keep this simple. your story got taken down, it just did and it doesn't matter how many times you deny because i posted it and everyone can see aside from you? you ever get read the story of the Emperor's new clothes as a kid? no matter. it now pops up on another online fakeo - does this mean it's suddenly true again? NO , it means Callasjunkie crept out from the crypt again when someone gave him this simple task. but his eyes are so bleary from the darkness he can't read it properly so doesn't realise it's already the joke of the year. there are bars in abuja where they haven't stopped laughing yet ( they love all this fake news down there because lets face it life is pretty ****ty and so they need a laugh. they dont want 'real' news as too boring. that's why the system works so well in nIgeria. anyone can open a news service - just open a website employ journos on no pay and tell em to get out there collecting all them 'brownies', you know the ones stuffed with cash). anyway since you have reappeared and have mentioned Sun Trust again, which is your main angle here (what are they like to work for btw?) how about finally explaining how it is that ST still have a claim even though they have now sold all their San leon shares for value, which they got as a result of the wrongful conversion you allege? bit of a bumsqueaker in court that one, when the judge asks for clarification on it. oops oh dear.

heh Afa, that fake news you posted up yesterday seems to have vaporised. what can it all mean? the news was and always has been completely fake. you seem unable to explain even in general terms what your interest is here and you haven't attempted to respond at all on how it is that Sun Trust allegedly maintain a case against Midwestern/ Eroton/San Leon, notwithstanding they have sold all their shares in San Leon for value. i put it to you that your postings over time have been fake, libellous and probably illegal. your credibility on this board is i imagine now zero.

please click on your original link: https://www.thenigerianvoice.com/news/277762/billionaire-onajite-okolokos-midwestern-oil-gas-eroton.html

i wonder how much was in their brown envelope for this garbage? please do not bother us here again, as this board is intended for serious exchange of factually based views.

and Afa - the Nigerian Voice linlk you posted earlier comes up 'not found'.

... a bit more detail for you Afa, as you consider my last request. This is what I just posted on the Advfn board in this context. so don't disappoint us now.. 'On the subject of smoke and fire, can somebody please finally explain to me how, despite alleging this 'illegal conversion', Sun Trust came subsequently to accept their big block of shares in San Leon (held as we know by subsidiary or related companies),the majority of which Sun Trust have sold for value and have contracted to sell the remaining balance? And sorry I think we have to do better than just that this is Nigeria where anything is probable. This was always the big elephant in Sun Trust's courtroom and why their case was always total bollox. Even if the original conversion were in breach of the Shareholder Agreement, which is not admitted btw,as they appear to be alleging, such breach has long since been accepted/waived by their subsequent behaviour. Happy to be persuaded to the contrary but detailed credible and substantiated arguments only please'

... a bit more detail for you Afa, as you consider my last request. This is what I just posted on the Advfn board in this context. so don't disappoint us now..

sorry Afa, I don't have time for this nonsense. very dodgy response indeed, as I suspected. I have always been clear that I am a reasonably significant holder here and no I don't discuss the details of any of my holdings publically. (funny though that Dis Honest used to press me endlessly on that?) Are you going to attempt an answer to my question on Sun Trust's holding in San Leon and its subsequent sale? Or will that be another credibility stretching fudge?

[cont'd.] As you do that, also please be kind enough to advise the readers of our board what precisely your interest is in San Leon? You're self - evidently not a shareholder and your nickname is a Nigerian one. You tend to appear sporadically and typically with stories from the Nigerian press, which on their face are potentially damaging to our interests on this board. So what's your angle here exactly, Afa? * the specific questions marked by asterisks above require specific credible answers but please feel free to add any other comments you wish. Failure to provide these answers will doubtless affect your credibility on this board (and yes I am calling that into question.) And please don't think you can get away with telling us you're just the messenger. Believe me Afa, you're not raining on anyone's parade: you'll have try a lot harder to achieve that. I don't believe a word you have posted.

the problem you have, Afa, as I have already identified, is that it's Nigerian news (ie with 75% of journalists interviewed admitting they're on the take, it is hugely more likely than not to be bollox. It may have escaped your attention from the EU journal survey I just posted but, from their statistics, a staggering 36% of journalists interviewed did not even consider taking brown envelopes was unethical.) But let's cut to the chase, the story you report principally purports to concern a pretty minor dispute over oil storage fees (big yawn). Wrapped with that are totally unsubstantiated reports regarding the financial health of Jite Onoloko's business empire (which remarkably completely overlooks the recent hugely successful refinancing of his oil business and significant paydown of his RBL commented on by bluerill earlier), a re-emergence of the Sun Trust story and usual waffle about our licence renewal (and not the first time that insinuation has been made on these boards by those looking to make mischief). The licence renewal piece of this story is a bit of a giveaway, since most of the important marginal fields have been waiting for confirmation of renewal in the supposedly accelerated programme for this process instigated by the Govt for 2019. And these are still the significant minority in the 200 odd total of marginal fields: the owners of the majority are judged as neither having the technical skills nor the financial capability to be able to develop more oil from them. This is the context against which this process has been conducted. As we know at the same time the NNPC has announced that it is considering reducing its marginal field holdings to minority stakes in order to raise capital now and reduce their opex contributions in future. And so here now is Eroton/Midwestern which has successfully brought in an international publically quoted oil company (us) as partner to add expertise and financial muscle to acquire and help develop OML18, where significant capital investment has already been made in workovers, new well drilling activity and a new pipeline. The point is for those who don't rely on the Nigerian press for their info, Nigeria is desperately seeking international investment in its major revenue generator - the oil sector and particularly in the marginal fields where the majors have significantly exited. Whatever insinuation here you seek to support, it is demonstrably complete and utter bollox.
And that leaves the Sun Trust part, which is thrown into this poisonous journalistic cocktail a bit too casually. So the case is ongoing is it, Afa? So tell me, the regulated statements filed by San Leon that Sun Trust have sold the majority of their holding to Midwestern and have contracted to sell the rest - you presumably say that is all lies? I think we do need your precise answer on that, otherwise your story doesn't really hold together.* As you do that, also please be kind enough to advise the readers of our board what pre

Trouble is, Afa, it's just so difficult to tell in Nigeria. I suppose it depends on one's definition of 'gutter press'. Here it tends to refer to papers that are casual with the truth and not where they're writing SH1T, because someone paid them to do it. In Nigeria as you know things are a tad different. The EU Journal published this article below by a Nigerian, which highlights what is clearly a very real problem there. This largely manifests itself in what is known as ‘brown envelope journalism’. The name is derived from cash inducements hidden in brown envelopes and given to journalists during press briefings. It is a common practice in Nigeria and many journalists do know that it is unethical. One of the sad effects is that the Nigerian media has become a hotbed of corruptly sponsored stories. So who knows what to believe? No offence intended but as we found last time you posted ‘stories’ here, Afa, the very significant likelihood is that they’re just made up.

'Corruption is the bane of Nigerian socio-economic development, which threatens the existence of Nigeria as a political entity. It is therefore imperative that all and sundry should engage in anti-corruption struggle. This paper examines the state of the country?s media from the perspective of media practitioners. The survey method was employed for the study. Regardless of the efforts being made by various stakeholders in the media industry, it was discovered that the media was largely corrupt. Even though over 64 % of those sampled believed that acceptance of any form of gratifications was unethical, over 75 % of the journalists engage in corrupt practices with impunity. More than half of the 18 media outfits covered by the study are indifferent to certain indentified corrupt practices in their organizations. To curb corruption, journalism organizations should engage in sensitization programmes while conditions of service for journalists need to be considerably improved'

well look on the bright side, Afa, at least they're saying it's a money trouble and nothing to do with his cranial cavity, which has been more of the problem with certain posters on this board. Btw. i got a cyber warning on the last link you sent - just to be clear, was this gutter or non-gutter? ps. i had been idly wondering how long you'd been involved with Sun Trust?

a minor detail, bluerill, but i should be interested to see how this highly esteemed (by Afa) 'non gutter' newspaper thinks Sun Trust will square away the not inconsiderable inconvenience of having already sold for value the majority of their shareholding and contracted to sell the remainder? two possibilities spring to mind: 1)it's a fraud by Sun Trust, in which case they need to get their crime correspondent on the case; or 2) it was all a dream and someone just walks out of the shower a la Dallas? Given this is patently not a Texan oil play involving any member of the Ewing family, as far as i'm aware, the former looks more likely. ps. maybe Fred Gumby has a view over on Advfn?

.. has been reposting you bluerill on Advfn, which is just fine. worryingly though he is sounding increasingly like Mr. Fred 'my brain hurts' Gumby of Monty P fame, so maybe hold the celebrations pro tem. i wonder if, like his alter ego, he wears shorts and gumboots and sports a knotted handkerchief on his head?