RE: Oil - Bony Light best price21 Nov 2017 09:12
It’s all down to NNPC thus today’s ruling will have only temporary short term relief ,AVO and SLE share one common problem ,cash flow and TF may well join them at some stage .Bonny crude price is totally irrelevant since SLE controls nothing and should Nigeria default on payment then there is nothing OF ,the Irish courts ,lawyers can do irrespective on any Cosy arrangement they might think they have .One has to admire OF where he can walk unscathed and leave the majority shareholder TF on the hook ,would nt want to be a TF client now with so much dependent on a remote third party in west Africa,you couldn’t make one it up.