RE: What Happens Next8 Dec 2024 10:32
Yes indeed, outstanding post from a not-at-all-suspicious-totally-legitimate-first-time-ever Poster. I absolutely love how nothing changes here: the great, fair-and-balanced Blackswan (certainly in his own mind, anyway), scourge of the wide-eyed San Leon rampers, champion Googler extraordinaire who never saw a SLE bear story link in some manky on-line Nigerian business website he didn't love and then shared, endorses some idle muppet whose central argument is a vague, unsubstantiated confection about the 'major operators' conspiring to create their own 'evacuation system'. (Hint: they're not, although I do admire how the 'author' allows that 'ELI may have the support of some smaller producers..'. Nice touch), and are so advanced in their negotiations that they have a Plan B AND a Plan C! (Wow. That's 3 whole plans in total. This MUST be serious). But do BS and his brother-from-another-mother, CJ, on the other board, demand evidence or even elaboration on such wild speculation?!? Nah. Just a bunch thumbs-ups, 'great summary', 'keep up the good works' pats on the back, and off you go. After all, this out of nowhere/first time poster established his bona fides early on by declaring 'he knows a bit about this project' (Well ok, then. Nothing else to see here), and then went on write an absolutely cracker of a post that contained at least 4 'ELIs' and a shout-out each to 'MLPL', 'FSO', 'Akaso' and 'GT Bank'. My god, with that kind of detailed information, you'd be forgiven for wondering if he was the recently retired head of all of Shell's African operations (ed. note: I couldn't include this gem of a phrase in flow, 'This entire relationship upstream of ELI is very messy...', so I just want to highlight it here as one of the more transparently phoney attempts to appear knowledgeable I've ever read).
But here's the thing, BS, CJ, not quite 40,000, and our newest bulletin board fake concerned citizen (apparently, he's often deep in prayer for the well-being of sle shareholders. Quite a guy): What the bunch of you, after all this time, still don't seem to grasp, all or in part, is that the more circumstances become stressed for Eli, the more Jite's empire unravels, the more MLPL's loan notes are in arrears, the BETTER it becomes for San Leon and Oisin Fanning. Sure, he and the company have some demanding creditors pressuring them too, but where it counts - on the asset level and influence in steering financing negotiations - the problems at the other players are largely GOOD for SLE and OF. Their ownership of the pipeline will have increased commensurately (not to mention their command over OML18 IF they want it), and THAT'S what makes OF's ability to deliver on the latest financing package announcement more likely. Meantime, any alternative conveyance - and its certainly NOT going to be built by the 'major operators' - would take 2-3 to construct if it got started today, which it won't, so there's that