Member Info for Alaric

'but 1800 of them postins was bein negutive about the snake an his family of snakes. not directluy agains the red lion.' hilarious, you can't make this stuff up - the trolls are actually proud of their ad hominem posting!

Oh my it seems troll A has forgotten my wife is a significant shareholder of san leon in her own right. unlike trolls A, B and C, who aren't shareholders but who consider they have more right to post gibberish than she has to post common sense. what's more she doesn’t feel the need to relentlessly bombard the board every day for years. maybe i should have a word with her and see if she wants to make a comeback? she can do this now despite troll A getting her banned by falsely reporting her as a multiple name of mine. how so? she contacted the board, who accepted that she had a separate account. you trolls would do well to stop playing your puerile games and focus on reality and truth. i won't hold my breath :-)

'you just bin proved big liar an you admited postin under more than wun name.' usual nonsense and non sequitur ( look it up) from troll A. please provide evidence of any such admission.

Full ABC again eh sam? we must be getting under their skin. just sit back and enjoy the moment, let's face it it's the same ad hominem gibberish with zero discussion of any objective/ factual content. well no surprises there as per. it would be refreshing if the ABC could occasionally trouble themselves with some actual evidence ie not stuff some corrupt executives have paid nigerian journos to write. oh well pigs might fly?

'to recommence the operation of OML18 as such entities as the Afrex Bank or any other financial institution for that matter has shown little interested to date in financing us' well BS you've excelled yourself again! as josef goebbels attributed line went 'if you tell a lie big enough and keep repeating it, people will eventually come to believe it'. now as i've already said many times before the readership of this board is pretty smart and more impressed by fact than baseless insinuation, so they're not going to fall for your bilge but i guess in desperation you will keep trying. the fact is that Afreximbank's credit committee has already approved the $750m facility. moreover san leon already has a $50m loan offer on the table, which we've been told, again by rns, that they're currently not taking up. as it happens, BS, i did a lot of project finance in my professional career and the one constant i learned about it was that lying rarely paid off. more for you to chew on. don't get indigestion now.

Usual nonsense from BS, who knows even less about law than he does about the oil business. the JOA, for what it's worth is the enforceable contract between the parties interested in OML18. Eroton commenced arbitration proceedings against NNPC and Sahara to get a ruling that these parties were in breach of contract by declaring that they were now the operators of OML18 and for an award in damages. Eroton didn’t have to do this but it was clearly preferable from a market perspective that they did. NNPC's declaration is of no effect since it patently wasn't made in accordance with the JOA. in fact to achieve the status they seemingly desire, they would have to have commenced arbitration proceedings against Eroton for a ruling to that effect. it is significant and indicative of the perceived weakness of their own case that they haven’t done so. maybe BS should restrict himself to commenting on things he actually knows something about or, failing that, at least read that famous text 'law for dummies'?

To remind Eroton's response to the illegal attempt by NNPC to snatch the operatorship of OML18:

'The purported attempt by the non-operators of OML-18; NNPC Limited ("NNPC") and Sahara Field Production Limited ("Sahara") (now known as OML 18 Energy Resource Limited) to appoint NNPC Eighteen Operating Limited as operator of OML 18 is a breach of the JOA as any dispute whatsoever between the parties must be addressed by the dispute resolution provisions of the JOA. There can be no removal of an operator without following these procedures and the process is designed in such a way that notice requirements cannot be waived, and the removal of an operatorship can therefore not be carried out, without following the process provided in the JOA.'

i believe in legal circles that's called a slam-dunk.

Apart from the crass stuff about the mother ship, i mean who gives a monkeys what the eff it's called, for once BS you've said it all. well done!

Lol junkie a week ago you didn't appear to understand what the mother ship was even for! maybe time for trolls to wake up to a few realities about Eroton here and if they don’t, not to worry as they'll be reading them soon enough in the arbitration award.

Ah junkie, i seem to have the full abc out, which is mildly satisfying. i clearly irritate you bless. the point you trolls always seem to miss is relevance. your idiotic games and stories are so irrelevant to anything remotely relating to the san leon investment case. that and your chronic addiction to dissembling are why the intelligent readership of this board ignores you.

'guess that is why they decided to put armed guards on board and to at last put the anchors down making it more difficult for someone to remove it'. you're plumbing new depths here BS with your asinine analysis. the anchoring is clearly to stabilise the FSO, which lies in open sea, so that Shell's tankers can safely pull alongside to fill up with oil. and the armed guards are obviously there to protect against oil theft. i think you'll find the readership of this board is a good deal smarter than you appear to imagine and is not fooled by troll myths.

Sorry BS, unlike you trolls i only believe what i read in the nigerian press when i have independent verification of the story. i have a number of local sources and in the gulf also. that's what i call research. whereas you trolls read any old crxp and choose to believe it cos it suits your agenda. and you've been doing that for a long time now and always been wrong. don't force me to go back in history, you'll find it embarrassing. lol.

Whatever junkie, i don't think san leon gave us dates for this hearing so hardly a deferment. the important thing is though that the hearing is now ongoing, so we should have the decision just in time for president tinubu, who is being sworn in at the end of the month. he is known known to be hard on the heels of mele kyari and uma ajiya, respectively ceo and cfo of NNPC. they’ve paid themselves millions of naira corruptly in anticipation of the sack. i guess they won't arrange payment of the $100m or so before they depart. you never comment on the really substantive issues do you?

What deferment junkie? please provide evidence or stfu. my understanding is that the hearing has already started and should only take a week.

I see that ARS+2 thinks that if the mother ship is fully laden with 250,000 barrels of crude, they should now be selling oil. it seems his attention span isn't what it should be, as this has been explained more than than once here. they don’t sell oil from the mother ship; that only happens from the FSO and to Shell, not to refineries or anybody else. that's because Shell is the contracted off-taker and its tankers can pull alongside a secured FSO and fill up with oil. it's important to remember that Shell were the previous operators of OML18 and nobody knows the potential of this licence better. i guess that's also why Shell are are part of the syndicate led by Afreximbank providing the $750m facility to Eroton. it's beyond stupid to suggest the mother ship would sell oil to the market. what ARS+2 attempts to insinuate is that the mother ship can't be holding 250k barrels of oil, otherwise it would have sold them. i leave it to the intelligent readership of this board to judge the extent of that disingenuousness.

you are indeed lol.

'Now, 7 months later the mother ship has not yet reached its capacity of 250,000 bbls.' whatever makes you think that, Junkie? you been reading those tea leaves again haven't you? i think mystic meg was more accurate with her horoscopes. do you know that in the last horoscope she wrote how she predicted her own demise? she died later that day! now that's what i call accurate research. oh well not everyone can be as good as meg, so don't feel too bad about it eh? btw good to see you finally engaging with sam, you've left this rapprochement too long frankly. i recognise that he's antagonised you over time with his commenting on your utterly weird acknowledgement that you've never held shares in san leon. it would be an understatement to say that no-one believes that, although clearly you aren't capable of shorting it. ars+

to remind what is now looming on the horizon from redeyemines' recent post:
'-Think about this.
If i'm right, we have a mother ship that is laden with about 250,000 barrels, sitting there ready to offload into our FSO, and no doubt barges full of 10,000 barrels a time, sitting there ready to refill the mother ship.
-That's $20 million worth a time.'

every time i get a post taken down, with none of the factual points addressed, i know i've hit the target. i note the fake one considers his own behaviour is akin to sneaking to the headmaster lol.

there you go again BS, insinuating that san leon will run out of funds. strangely you never address the points i make, which demonstrate that the company faces no existential threat whatsoever. and please don't tell us again about the auditors qualifications to the interim accounts - auditors do what they have to and can't speculate on the fungibility or value of san leon's security in OML18 for their $100m loan to midwestern. and no need to guess BS, san leon won't be pumping anything into the TNG or anywhere else other than for barging oil nor do they need to. of course they haven’t had any funds from Afreximbank yet. as you know, the $750m facility becomes available on the closing of the RTO. so no change from your usual disingenuous and deliberately misleading bunkum BS?