Member Info for Alaric

hilarious to see the fake one getting exercised about being reported. his toes are unusually sore and have resulted in him getting more posts taken down over time than i've had hot dinners. a case of double standards?

it's typically disingenuous of you junkie, that you not only misrepresent my response but also fail to acknowledge the deal i offered you. true hallmarks of a scumbag. first i addressed 3 of your 'points' not one. second i did so on the premise that i wouldn't answer the others unless and until you addressed some of mine. the single point of mine that you purported to address was about why Eroton weren't going to barge oil to the FSO and then you didn’t deal with my second point on this that, since the barges only carry 10,000 barrels and the mother ship 250,000, it was clearly more efficient to use the mother ship. i guess in the example you give Decklar don't have a mother ship. your 'point' is in any event a non point, which you make because you can’t think of anything else. you failed to deal at all with my other 2 responses, first regarding why it's safe to assume the FSO is now properly anchored despite no confirming rns and second why we don’t randomly sell oil to others, since Shell are our contracted off-taker. as you appear to have forgotten, i remind you that Shell are also part of syndicate led by Afreximbank providing the $750m facility. it is beyond stupid to suggest that we run the risk of alienating them by selling to others. you fail to address my points properly or at all because you can't.

oh dear, redeyemines, not a fit and proper organisation to be the operator one might think?
NNPC has been a shambles for too long and the new government of bola tinubu will need to finally sort it out.

BS to the rescue! a bit late i'm afraid, as von Junk's messerschmitt is on the ground shot out of the sky by the good guys in their spitfires.
'but there is going to be some time before we get there'. btw BS any factual evidence to back this assertion up or are you still reading the tea leaves? changing subject for a moment as i think we all know the answer to that one, i was reflecting that you guys tee things up for me very nicely with your asinine posts. you might imagine that you're being clever but i don't think i would post half as much, if it wasn't for you lot. hilarious, almost like caddies in golf, you put in on a tee and i smash it 300yds down the middle of the fairway and every time. keep it up chaps!

i think i've explained this to you before, Junkie but, as you're slow-witted, i'll do so again. when you get to correct some of your own deficiencies, which are many, we can talk about answering some of your questions. eg. you never answer questions put to about stuff you've posted, nor do you post any factually based substantiation (sorry guessing and insinuation don't count), and nor do you read rns' properly (in fact you deliberately misread them to draw perverse conclusions. all in all, Junkie, you're a pretty rum lot. but i'm not and to show you im willing to play ball, here's your starter for 10. i've already explained this so please listen this time, if a given deadline is missed they have to issue an rns to that effect and the nomad will insist on this. they haven't issued one, so we can safely assume that the FSO is now properly anchored. in fact because of this rule, the protocol is that they won't issue confirmation of achieved deadlines. simples? now you could have read this for yourself and probably did but you're a deeply disingenuous soul, but Shell is our contracted off-taker and pay in dollars, so we won't be selling our crude to random buyers, whether they're refineries or not. last one for now and i think you're going to feel pretty stupid when you read the answers. barges out direct to the FSO, cutting out the mother ship? dear me no. 2 reasons: 1.these barges aren't really designed to travel 40 km in open sea. 2. they carry about 10,000 barrels each so offloading barges individually would be hugely inefficient. i think we can thank our lucky stars you're not the operator, Junkie! so ball in your court now and let's have decent content from you finally. it's never too late to mend your ways, although i'm not holding my breath.

well no rns today, which means it's safe to assume the FSO anchoring is complete. so first oil should be delivered by the mother ship to the FSO in a matter of days now. and that means oil revenue starting soon and then continuing every day. no wonder the trolls are getting nervous lol!

gosh the trolls are getting quite desperate now. nobody gives a monkeys about Notore and if that's the core of NNPC's defence in Eroton’s case against them, then heaven help them lol! they should be focusing on news of the anchoring of the Eli Akaso, since that is what will burn the short positions.

as i was just saying - desperate stuff. and note no comeback on redeyemines' facts. plus ça change?

laughable, redeyemines, that the trolls fail to challenge the factual basis of your last two excellent posts but comment negatively on the resignation of a non-exec from Eroton. they are getting desperate now and i for one am not surprised. the writing's on the wall for them now, so they'd better read it or their short fund masters will burn.

i meant to add that this revenue generation will also address the auditors' regulatory qualifications regarding the long term viability of the company. whilst we can see this is, in reality, a cosmetic benefit only. it is nonetheless an important one from a general market perspective.

'Eroton have already attempted barging oil to Eli or so they claim, even at their own expense which caused them to terminate the operation, so it's a case of already been there done that!' that is a lie, BS, the RNS doesn’t say that or anything remotely like it. the reason they stopped barging before is that they found the FSO needed extra anchoring. as you've just heard that process is now virtually completed, so we can now look forward to regular revenues from 50,000 bopd. you're getting desperate now BS if you have to resort to lying. i understand though, you must be getting pretty concerned as we approach endgame here, with significant revenues soon. i hope your masters don't pay too much for the inadequate service you and your cronies provide. children lie as they don’t know any better. what's your excuse?

as per, more bs from BS. and no surprises that he omits to mention the elephant in the room, notably that the FSO should be ready to receive barged oil inside a week now. the reason for this serious omission from his otherwise seemingly detailed report? why that's obvious - it means that san leon start receiving oil revenues immediately. not only does this put paid to the trolls' insinuation that we've been living on borrowed time with the bailiffs knocking on the door but it rather pulls the rug from under NNPC's specious argument that the licence isn’t being operated properly. so i'm afraid it's what they call a double whammy and will lead to severe indigestion for BS and his motley crew in short order.

well cd27, you've had your answer to whether the 'recent catfight has put the kibosh on the deal', so the only sh you can smell must be your own. this is a recurring problem for the trolls on this board, as they smear so much effluent around :-)

'He certainly does not look after investors interests as he trys to make out.' you're correct about that 36800, i certainly don't look after investors' interests nor do i give advice. what on earth gave you that idea? what i do is pass comment on the basis of considerable research and present factually based positions which people can choose to agree or disagree with. ive noticed a tendency amongst those who disagree not to offer any factually based reasoning but rather to argue ad hominem.

don't know what the fuss is about, unless people just want to make mischief? this is no different to what we know already and is clearly nomad driven. i was heartened to hear the positive deal update, so it's now absolutely clear that Sahara's shenanigans haven't worked and the Afreximbank facility of $750m is still there (otherwise the nomad would required a statement to that effect in today's rns). folk should remember that Sahara are financially stressed and NNPC are in a huge mess organisationally and politically. also we are owed massively more than we owe. people who think this deal should have been done quicker have clearly never worked on something of this magnitude or complexity. therein lies one of the problems of these boards - too many boys with too little experience, doing the bidding of their masters, the short funds.

looks like you called this right about the buys not showing, redeyemines, as we finished up. the shorts will need to cover soon now or they’ll be taking a massive risk.

a couple of excellent posts, redeyemines. i particularly liked your historical trawl to remind us of the story of san leon '1' before 2016 and what then happened with the OML18 deal in the niger delta. i suspect people forget we were effectively a busted flush at that point, which makes the re-emergence very poignant and remarkable. 'No clarity on what happens next'? really bandit, you can’t be reading the story properly or at all. the company has laid out its immediate plans in considerable detail and on numerous occasions now. sure there are aspects of the rto and its financing that are a bit complex but we've had sufficient time now to get our heads around these, so shouldn't be a problem for any other than dimwits?

Alaric - Seems you are unaware that one OML18 well broke off and spewed oil for a week - do catch up with your research!' oh yes BS but you 'forgot' to mention this was caused by vandalism. so as i said more assine duty for punch :-)

ok so more assine stuf to wipe with punch then

if you just engaged your brain for a moment instead of pretending to believe everything you read in a nigerian online rag, you might realise that the oil leakages are all down to either theft or vandalism. that is the government's responsibility. also Aiteo are responsible for the Nembe Creek pipeline