Information filtering in indicates
contrary to great expectations, wealthy player in the oil sector and his group
of Aiteo consortium Ben Peters are experiencing great difficulty.
The Ben Peters led investors had
acquired the lucrative Oil block from Shell Petroleum Development Company to
much reportage- and increased rating in sphere of operation.
But a couple of weeks down the line,
the story line is fast changing.
Insiders disclose Ben Peters and his
backers are cash stuck.
‘they are having great difficulty
meeting up with payment schedule for the $2.7b acquisition’ is how an insider
put it.
Sources revealed the situation has
twisted to such an angle for the Ben Peters Led team that they are presently
pleading for a repackaged payment schedule.
‘they have fallen behind on agreed
terms’ we learnt.
Insiders further disclosed the team
had premised attracting more than enough fund to execute the mega purchase on
the attractiveness of the downstream sector to investors – especially because
of it’s vital role in the nation’s economy.
But snowballing falling prices of
oil has pulled the carpet on strength of this strategy- and scared off possible
funds providers.
And to compound the issue, sources
claim ‘those who have committed funds are exploring ways to pull out to cut
possible losses’.
This development is said to be
giving Peters and his main promoters endless cause for concern at press time
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