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'... I didn't read a word of your last rambling single paragraph...' Then my work on this is done.

Still, I was pretty sure from the jump that I could reliably count on losing you early on based on the number of multi-syllable words I would use. The rest of your 'post' was just too fantasy-filled to even try to treat seriously. 'Take heed and learn'? From whom, exactly? You, with your marble-sharp history of stock market insights, and/or legal understanding? Maybe you mean bs and his hurty feelings comments around trying to big-up the relevance of his googling results by referring to Dangote or Eroton as if he knows sweet fa about anything at all around the business in Nigeria? Park your completely unearned, overstuffed ego, pull up the 2021 re-admission, grab a business thesaurus, and get to work. Oh, and stay away from chat boards. I've told you before, you're starting to make me feel like Jon Jones in the octagon with Jake Paul.

For the love of absolutely anything anyone holds dear, would you please stop this agonising cycle where you try so hard to somehow show me up, but inevitably end up making yourself look a complete knob? It's uniquely cringey, as you are clearly so desperate to have just a moment where you might be seen to have gotten one over on me, where you can stick your chest out in front of a bunch of strangers and declare you caught me in a misstatement, a contradiction or where you might know something about the company I don't, that you clearly don't care what pablum you end up sharing. Again, precisely as was the case when you screamed about how SLE's price was zero because it said so on this poxy chat board, you have - without any provocation from me - blindly powered forward, and proudly sharing a response that, not only has no one asked for or required, but one that displays a breathtaking level of ignorance about the company and financial due diligence in general, and one that is in diametric contrast to the tone-deaf confidence with which it was delivered. The relevance of the re-admission document has exactly nothing whatever to do with the fact it was released in 2021, and by extension, has nothing to do with its relevance relative to any news released since. That document contains all of the relatively complicated explanations and schematic representations of the ownership claims of key assets including OML18, by the onetime partners SLE, Eroton, Midwestern, Martwestern, etc., as well as any bilateral cross-ownership levels between some of those parties themselves. Pulling up this document and trying to read it thoroughly can provide shareholders the greatest single value-added activity they can now engage in, in order to better understand why and how SLE may be in a prime position to emerge out of this long, agonising suspension, where cross-defaults have doubtless been invoked, with a greater claim on key assets from OML18 output to ELI/pipeline to ACEOS, and thereby is perhaps more likely to pull off a significant asset-backed credit deal than many here - especially YOU it seems - realise. Absolutely, this document is more important than any of the RNSs, various business news stories from Ireland to Abuja, or any audited or unaudited results released or not released, since. THAT's why I'm so tough on bs and his frequent vacuous posts like yesterday's silly speculation about TRAM and its Palantir shares, because he could be putting his trolling and googling time to much better use. Unfortunately, after wasting the 2 minutes to read your latest lame attempt at a gotcha that I will never get back, I honestly don't think you have even the minimum cognitive height necessary to be allowed on this ride. Please stand down. I promised AM I would try and be more civil but your aggressive gobbledygook makes that too difficult.

Bs - I know you won't, but stop trying to fight with me, especially when I'm trying hard to teach you something about value-added research vs utterly routine website surfing, which is proving particularly challenging as your entire premise is wrong. No one is saying the macro situation in Nigeria isn't relevant. What I am saying is first, you and anyone else here reading your googling results are going to learn sweet fa of anything useful on the subject vis-a-vis San Leon. Second, and far more important, the fact is Nigeria has been a 'failed state' for, well, forever, and yet the oil industry soldiers on, deals get done and money gets made. Furthermore, as you suggest, in among the negative headlines, the NNPC is starting to get its sht together, reducing their insistence on having a majority stake in all their operatorships, selling off parcel of licenses, and as for OML18, has evolved into a much more productive partner as I understand it. But all that is much of a muchness, frankly. In fact, I believe the well continues to produce and barge through this horrible waiting period, and so, with Eroton reviving without its troublesome founder, the macro backdrop for SLE is in fact pretty balanced, but more importantly, has never really mattered all that much anyway. Fanning may very well not be able to pull of the massive deal(s) needed to put together what may end up being one of the country's largest mini-majors in the end, but the interminable delay so far has had far, far less to do with the 'political/economic situation in Nigeria/the delta' as you describe it - or more to the point, the relative improvement or deterioration of that 'situation' - than the sheer size and complexity of the collective business and the financing needed to pull it off. And THAT'S why all your effort to puff up the relevance of your argument - and the resulting droning on about sht you will never have an edge in - through false confidence and projection - is a hiding to nowhere. By all means, google away and share the usual mix of real and phoney news, but the fact is, certainly in our lifetimes, history teaches there will never be 1 more marginal dollar going into Nigeria from outside investors because of any shiny new effort to 'clean up corruption' or crack down on criminal gangs. which comes around as regularly as the seasons. What has and will always attract outside capital to Nigeria, is a value proposition with a return profile well in excess of what can be earned in low/no risk jurisdictions (check), significant asset backing (check, but only if OF's material/controlling stakes in the pipeline, well(s) and 'boat' are airtight) and a group managing the damned thing that has complete control (think so) and can be trusted (hope so). THIS is where relevance for shareholders resides and not, I'm sorry, in your amateur hour geopolitics lessons, and is thus where everyone here should be focusing their research. Chercher the 2021 admission doc!

Cd, I'm trying to help, so let's keep the cringey, drive-by insults to ourselves, ok? Nothing naive, I'm just a bit more informed than you are. I never said Hughes was 'passive', just that a massive structured financing deal focused on even more massive assets in Nigeria is simply not something a fund manager like him, no matter the size of his holding, is going to have a major operational role in (nor would he want to, honestly), outside of course, of providing advice and/or financial/logistical support to OF's efforts. Most of what you listed about Tosca is basic, undisputed information, but unfortunately either irrelevant to the question at hand or completely irrelevant altogether. Of course Tosca is a super-majority holder and could replace Oisin at any time if he so chose, but so what? And then, as you yourself point out, he has not, (and never will at this point), implying of course that OF has his full support. Congratulations. You could have gotten all that and more from any of my posts from 2 years ago.

However, that was not what AM was expressing concern about and therefore has sweet fa to do with my response. If you had bothered to pay attention and not be in such a rush to try and insult me, you may have understood that AM was implying that he was worried that as a super-majority holder, Hughes might be in a position to force some kind of deal that would advantage Tosca at the expense of small shareholders. THAT'S what I attempting to reassure him about; ie., In my strong opinion, even at 75%, our interest and Tosca's are completely aligned insofar as Tosca and small shareholders are both interested in Fanning doing a the best deal possible that creates maximum value for equity holders and gets the share re-listed asap. Aside from any possible issues arising from Tosca's influence through its shareholder loans, Martin has long since endorsed Oisin and the latter's seemingly endless attempts to raise significant non-equity capital and possibly even a smaller equity deal, over time. Of course Hughes and Tosca have had a big seat at the table by virtue of their supermajority holding (note my reference to the 'best ringside seats'), but the absolute bottom-line, and the basis of my response to AM, is that there is no scenario I can foresee where Hughes can or would do a deal that advantages his hedge fund at the expense of minority shareholders. If there were, he would have force it through a looooooong time ago. IIn fact, you kind of (dare I say, naively??) stumbled upon one of most obvious supporting evidence for my conclusion: much of (all?) of Tosca's holding in SLE is probably held in his main fund and has long been marked down to zero (btw, your Talk Talk reference was irrelevant gibberish to this discussion), and Martin and his colleagues are focused on getting the best return for their beleaguered fundholders on precisely the same basis as for they would for minority shareholders lik

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