RE: SP18 Mar 2022 14:24
Clownjunkie, you reckon OF has no other alternative option, like afailure a non vested only posts to turn the knife on sle, yet your loss in the Co VEC you post nothing on their bb, just proves the fact you lost here years ago like afailure and it must have been BIG for you too , like afailure hence sle is the only Co you crow on.
Right clownjunkie, if the loan notes were not paid eroton would be in default which means that sle take control of oml18, its quite simple really, but you try like afailure to spin the trueth.
Imo this deal has been going on for years and eroton has been looking at buying out sahara and Bilton, could be wrong but now thet have gone, eroton bigs up the production on oml18, they get massive revenues now poo is in $90s a barrel, sle hold 40 odd % now of eroton plus 98 economic interest of the Co, so you can't say OF had only this option.
Pipeline clown junkie, sle had over 10%, now it will be the largest shareholder and remember every barrel from eroton and any Co that uses it has to pay in advance and years ago the price was $3.20 a barrel ,so nearer $5 per barrel now imo.Good business something you hate to admit!.