AV Drilling wins its case

[Wraith King]

Back to Habit7, on what legal basis is Kamla's defamation guilt established by the arbitration decision?

It's okay to say that you can't answer or there is no legal basis and you were just throwing things out there hoping persons would believe it.

The big PNM man mash you up already like he did to your gyul. What you think of that?

Habit7 can't answer the question so he's using an alternative account to distract.

No, I can't answer your question. Your apparent superior intellect has me dumbfounded. Take win.

You finally switched back accounts.

[The_Honourable]

Did Petrotrin make massive mistake with A&V Oil and Gas?



Could a decision by state-owned Petrotrin to change the royalty payment terms for A&V Oil and Gas cost the state-owned company hundreds of millions of dollars without it receiving a barrel of oil?

That is one of the issues that the arbitration panel is still to decide on, in the dispute between Petrotrin and A&V Oil over Petrotrin’s decision to stop A&V from operating its Catshill oil field in Rio Claro, based on allegations that A&V was claiming to be producing more oil than it really was and defrauding Petrotrin of significant sums of money.

The arbitral panel, which comprised Sir Dennis Byron, Lord David Hope and CVH Stollmeyer noted that A&V was required by the Incremental Production Sharing Contract (IPSC) to invest in improving oil production from the Catshill Field by, among other things, conducting a comprehensive survey of the field, working over existing wells using its production rigs, drilling new wells, using its drilling rigs and improving the infrastructure to facilitate increased production. The decision noted that in its submissions the A&V accepted that its production levels were low at the outset, and only began to increase from mid-2015 when new wells and work over existing wells started to produce returns from the investment.

It then turned its mind to increasing its investment with a view to carrying out a drilling programme of new wells to increase production.

On 18th April 2016 A&V wrote to Petrotrin seeking its commitment to renew the IPSC for a further 10 years to 2029. It explained that it expected to complete its work obligations by the end of that month with the drilling of its last commitment well. It had already offered to drill an additional 12 wells commencing in May 2016. At the end of that drilling programme, it would offer to drill up to 22 additional wells, making up a total of up to 40 wells drilled in the field. It said that an extension of the Contract was required to make that programme economic.

Guardian Media checked the records of the Ministry of Energy and Energy Industries and it showed that A&V drilled the most number of wells of any company in T&T in 2016 and 2017, but most of these wells were shallow and all were developmental drilling.

By letter dated 13th June 2016, in reply to the A&Vs’s letter of 18th April 2016 Petrotrin said that its Board of Directors had approved a series of revisions to the IPSC which altered the over-riding royalty rate, the base production rate and the first tranche crude oil rate provide for by Schedule C of the IPSC.

Although it did not commit itself to renewing the IPSC for a further 10 years as had been requested, the period of years set out for the revised base production rate and the first tranche crude oil rate extended for five years beyond the term of the Contract to the end of 2024.

It is this decision and what quickly followed that could end up costing Petrotrin tens of millions of dollars.

At a quarterly meeting on 16th June 2016, A&V informed Petrotrin of its plan to embark on an aggressive drilling programme. It reminded the Petrotrin of its request for a renewal of the term of the contract for another 10 years and asked for an urgent response to that request.

By Supplementary Agreement on the 18th July 2016, a series of revisions to the IPSC referred to in the Petrotrin letter of 13th June 2016 were agreed including a clause that, if the A&V had given written notice of its desire to renew the contract for a further term of five years prior to the expiry of its term, the parties would use their ‘best endeavours to negotiate in good faith the terms on an agreement for the renewed term’.

It is this that A&V is now relying on to say it had a legitimate expectation that the contract would have been renewed post-2019 and that it should be paid significant sums to recoup potential losses.

“The Claimant says that in reliance on that agreement it charged the Respondent on the basis of the changed royalty rates in its invoices, and it invested a substantial sum in drilling new wells to increase its production…The Claimant accepts in paragraph 374 of its Closing Submissions that the parties did not agree on a five-year extension to the IPSC when they executed Supplemental Agreement No.6. But it says that that agreement was not without effect when calculating future loss, as it provided in the new Article 3.3 that the parties would use reasonable commercial efforts to negotiate in good faith the terms and conditions for the renewed term following the Claimant’s notice of its desire to renew the IPSC. The question, it says in paragraph 379, is what could one reasonably expect to have happened had it given such notice? Its case is that it had a reasonable expectation that it would have been renewed for five years from 19th November 2019,” the Arbitral Panel noted.

For Petrotrin’s part, it is arguing that A&V had consistently failed to observe and perform the terms and conditions of the IPSC and, accordingly, that the conditions for renewal could not be met.

“That argument raises issues of fact to which the Claimant has had no opportunity to reply as it was introduced only in the Submissions in Reply, and which we cannot resolve without hearing further argument. Our decision on this issue must therefore be reserved for further consideration at the further hearing,” the panel said.

The A&V Oil and Gas issue first came to light when Opposition Leader Kamla Persad-Bissessar read on a political platform a report that alleged A&V Oil and Gas, which is owned by Nazim Baksh, a man Prime Minister Dr Keith Rowley describes as his friend, was charging Petrotrin for oil his company did not actually produce.

Petrotrin would subsequently investigate the issue and discontinue its contract with A&V drilling for crude from the Catshill field in Rio Claro.

The evidence before the tribunal also gave a look into some of the interactions that happened between personnel of A&V drilling and Petrotrin.

The decision noted, “As the Respondent points out in paragraph 170 of its Closing Submissions the evidence about any conversations between Mr. Baksh and Mr. (Visham) Ramnarinesingh fell well short of showing that there was an agreement to extend the IPSC. Furthermore, Article 45 of the IPSC [5344] provides that no modification or amendment of the Agreement shall be valid or binding unless provided in writing that specifically references the Agreement and that has been duly executed by an authorised representative of the parties. Irrespective of what may have been agreed to in conversations between the parties, no such agreement could take effect until the IPSC was amended in the way provided for by Article 45.”

Petrotrin’s attorneys are urging the company to take the matter to the High Court to prevent the state-owned company having to pay to A&V hundreds of millions of dollars.

Source: https://www.cnc3.co.tt/did-petrotrin-ma ... l-and-gas/

[The_Honourable]

Petrotrin attorneys paid over $5.5 million



Curtis Williams

Lead Editor Business

curtis.williams@guardian.co.tt


With State-owned Petrotrin having not taken the advice of its attorneys to urgently file an action in the High Court to defend itself against A&V Oil and Gas, comes the revelation that the company has already spent more than $5.5 million in legal fees in both the arbitration and on the very advice it has so far not accepted.

The company has been represented by Deborah Peake S.C, Ravi Haffes-Doon, Tamara Toolsie and Marcelle Ferdinand and in response to a Freedom of Information request, Petrotrin said it has so far paid Peake $1,946,250.00, Heffes-Doon $1,634,999.99, Ferdinand $1,494,014.02 (including disbursements) and Toolsie $450,000.00 for a grand total of $5,535,834.01.

Petrotrin, which sent home all its workers in 2018 after it went bust and was replaced by Heritage Petroleum, is at risk of having to pay A&V hundreds of millions of dollars after it lost the arbitration against the south-based company in what is popularly called the fake oil scandal.

In its response, Petrotrin said the arbitration is still ongoing and admitted it has received legal advice that it should go to the High Court to defend its interest.

The response stated:

“1. The legal team comprising Mrs. Deborah Peake S.C. and Mr. Ravi Heffes-Doon advised Petrotrin to make a counter-claim against A&V Oil and Gas Limited (“A&V”) in the arbitration commenced by A&V.

2. The legal team comprising Mrs. Deborah Peake S.C and Mr. Ravi Heffes-Doon advised Petrotrin that it had a viable defence to the arbitration commenced by A&V.

3. No document exists regarding the legal advice dealing with the merits of Petrotrin’s arbitration case.

4. Petrotrin is unable to provide copies of the witness statements together with exhibits filed on behalf of both parties in the arbitration at this time as:

(i) the arbitration is not at an end and premature disclosure of same will be reasonably likely to prejudice the fair hearing and impartial adjudication of the proceedings, pursuant to section 28(1)(b) of the FOIA;

(ii) all the witness statements were prepared and communicated in confidence for the purpose of the arbitration, and disclosure at a time when the arbitration is not yet at an end may be reasonably likely to impair Petrotrin’s ability to obtain the cooperation of witnesses and similar information in the future, including for the continuation of the proceedings, pursuant to section 32 (1) of the FOIA; and

(iii) in the foregoing circumstances, granting access at this time to the requested witness statements is not justified in the public interest having regard both to any benefit and to any damage which may arise from disclosure.”

With more than a month having passed since the company received the advice to file an urgent action in the High Court, its chairman Michael Quamina recently confirmed that no action has been filed against A&V Oil and Gas and insisted that the company’s attorneys are still “looking into the matter.”

He said, “At present, it is with all of the lawyers, that is all I can tell you.”

Asked when is a decision to be made he said, “I have no further comment Curtis...You know all of these things are very sensitive, you have lawyers involved, they having their special talks so I can’t say anything more than that.”

Told this was a public interest matter and the country had the right to know what is happening Quamina said, “I don’t know how that conflicts with what I am saying. If I have nothing to say Curtis, I can’t say something because there is public interest. I am not being difficult but I am being honest.”

Told that all litigation must come to an end he said, “I am not saying it is going to continue ad-infinitum either, but the fact about it is, as you say this is a matter of significant public interest and the point about it is that it is being dealt with very, very appropriately and comprehensively.”

In a confidential 18-page opinion done for Petrotrin on the outcome of a recent arbitration between itself and A&V, Peake argued that the arbitral panel involved in the matter made fundamental errors in coming to their conclusion and that the state-owned company had a good chance of success if it went to the High Court for relief.

The opinion reads: “In the premises, we are of the respectful view that the award discloses gross and fundamental errors on the face of the award and the arbitrators are guilty of misconduct in the conduct of the proceedings. The findings on the principal issues are irrational and unsupported by the evidence. For the foregoing reasons, we are of the view that the prospects of setting aside the award are good.”

The A&V Oil and Gas issue first came to light when Opposition Leader Kamla Persad-Bissessar read on a political platform a report that alleged A&V Oil and Gas, which is owned by Nazim Baksh, a man Prime Minister Dr Keith Rowley describes as his friend, was charging Petrotrin for oil his company did not actually produce.

Petrotrin would subsequently investigate the issue and discontinue its contract with A&V drilling for crude from the Catshill field in Rio Claro.

Peake, who represented Petrotrin in the arbitration, argued that unless moves are made now to stop the arbitration, the company could find itself paying out significant sums.

“Unless the award is set aside, there is a high probability that in any further hearing on the issue of the quantum of damages to which the tribunal has decided that A&V is entitled, the tribunal will award substantial damages, particularly since it has decided (remarkably having regard to the evidence) that all A&V’s witnesses are credible.”

A&V has asked the tribunal that it be awarded US$119,409,000 or the equivalent of $808,398,930. This does not include issues of cost and other money which Petrotrin is said to be holding in escrow for oil under dispute.

However, Peake argued that the arbitral panel, which comprised Sir Dennis Byron, Lord David Hope and CVH Stollmeyer, made several errors during the matter, including placing an erroneous burden of proof on Petrotrin that there were reasonable grounds for suspicion that A&V was misrepresenting the amount of oil produced and sold to the State company and the panel also had the wrong standard of proof.

She insisted that the ruling placed Petrotrin and its successor company Heritage at serious financial risk and the possibility of other companies taking advantage of it.

The arbitral panel is yet to make a decision on the final quantum it will award A&V drilling as a result of the termination of its contract by Petrotrin, but Peake noted that on Tuesday, A&V had already made an application for a $75 million part payment of the money that would be owed to it due to the award.

Source: https://www.guardian.co.tt/news/petrotr ... 6dabe6b571

[zoom rader]

^^^ Rowlair scuttled the case and red government lawyers eat ah food .

But you won't hear eliteauto-tuntun , habitarse 7 and jackarse Redman talk about dat

[gastly369]

Walking shame yes...

[zoom rader]

Walking shame yes...

Well red government lawyers pockets full. Kick backs for red government cake sales

[sMASH]

as the story broke, rowley called nazim from foreign, personally!! i think rowley was in huston negotiating gas deals, he said he dont negotiate.
closed down the company, left the compounds unsecured for hours on end that reporters was able to drive in and roam freely, sent in his OWN personal lawyers, that was known to be his own soldier, and u missing crucial documentation to show the difference in what was received in the plant, what was recorded as received, and what was recoreded as extracted.

[zoom rader]

as the story broke, rowley called nazim from foreign, personally!! i think rowley was in huston negotiating gas deals, he said he dont negotiate.
closed down the company, left the compounds unsecured for hours on end that reporters was able to drive in and roam freely, sent in his OWN personal lawyers, that was known to be his own soldier, and u missing crucial documentation to show the difference in what was received in the plant, what was recorded as received, and what was recoreded as extracted.

You lie

Rowlee has no negotiating skills

[Habit7]

as the story broke, rowley called nazim from foreign, personally!! i think rowley was in huston negotiating gas deals, he said he dont negotiate.
closed down the company, left the compounds unsecured for hours on end that reporters was able to drive in and roam freely, sent in his OWN personal lawyers, that was known to be his own soldier, and u missing crucial documentation to show the difference in what was received in the plant, what was recorded as received, and what was recoreded as extracted.

This is a load of crock.

Kamla blew the whistle on A&V in Sept 2017 based on an interim audit. Then audits by Kroll and Gaffney Cline were done by Nov 2017.
They all utilised the crucial documentation.
Dec 2017 Petrotrin terminated A&V's contract. A&V fought from the lower courts all the way to the PC to stay on the site and the PC ruled against them in Feb 2018.
All utilising crucial documentation.

Petrotrin restructure was announced in Aug 2018 everybody got sent home in Nov 2018.

Crucial documentation was being used for a year before anything happened at Petrotrin, it did not go missing. It was cited in the arbitration report and crucial witnesses were called to testify.

Your attempt to share fake news is as bad as your spelling.

[sMASH]

so if kamala blew the whistle on the internaL audit, why did petrotrin cancel the contract? they taking instruction from kamala.

crucial documentation used for the INTERNAL audit, but not for the criminal investigation. the lawyer went to ENSURE things were spic and span.

[sMASH]

https://fb.watch/v/497LfSkyf/
https://www.facebook.com/watch/?ref=sea ... ll%20baksh

[sMASH]

https://fb.watch/v/49Az0YbKW/
https://www.facebook.com/watch/?ref=sea ... ll%20baksh

[Wraith King]

as the story broke, rowley called nazim from foreign, personally!! i think rowley was in huston negotiating gas deals, he said he dont negotiate.
closed down the company, left the compounds unsecured for hours on end that reporters was able to drive in and roam freely, sent in his OWN personal lawyers, that was known to be his own soldier, and u missing crucial documentation to show the difference in what was received in the plant, what was recorded as received, and what was recoreded as extracted.

This is a load of crock.

Kamla blew the whistle on A&V in Sept 2017 based on an interim audit. Then audits by Kroll and Gaffney Cline were done by Nov 2017.
They all utilised the crucial documentation.
Dec 2017 Petrotrin terminated A&V's contract. A&V fought from the lower courts all the way to the PC to stay on the site and the PC ruled against them in Feb 2018.
All utilising crucial documentation.

Petrotrin restructure was announced in Aug 2018 everybody got sent home in Nov 2018.

Crucial documentation was being used for a year before anything happened at Petrotrin, it did not go missing. It was cited in the arbitration report and crucial witnesses were called to testify.

Your attempt to share fake news is as bad as your spelling.

That's very audacious of you.

[Habit7]

so if kamala blew the whistle on the internaL audit, why did petrotrin cancel the contract? they taking instruction from kamala.

crucial documentation used for the INTERNAL audit, but not for the criminal investigation. the lawyer went to ENSURE things were spic and span.

The criminal investigation is still ongoing, you are conflating it with the arbitration. The arbitration is what was concluded and if you actually read the arbitration you would understand that it was the crucial documentation and witness statements that made Petrotrin fail to make its case.

You have no evidence that any crucial documents were missing. You are just holding on to speculation and UNC FB propaganda sites.

[sMASH]

im saying the arbitration is arbitrary. cause ALLLL the parties are compromised, or fired, lol.

and it failed to make its case cause STUFF ARE MISSING!!!

the man extracting the oil is pnm, the man recieveing the oil is pnm, the company is riddled with pnm, the place was left ungaurded for hours by pnm, and then the personal lawyer sent in as pnm clean up crew.

the ONLY thing that wasnt pnm was the person green lighting the three audits (two internal, and third external).

the person terminating the contract may very well be pnm cause they decide to sue the company for the wrongful termination... and sure to win, cause the documents missing.



woudl be pretty interested to find out what is teh history of production of those same catshill wells. it if maintained that 140% sudden jump in production, or if that was just a blip and it went back down.

where i worked, if our product rate went from 82 t/p to 180 t/p, i would do a work order to get E&I to calibrate those instruments, cause there are multiple ways to extrapolate if that rate increase was legit

[Wraith King]

so if kamala blew the whistle on the internaL audit, why did petrotrin cancel the contract? they taking instruction from kamala.

crucial documentation used for the INTERNAL audit, but not for the criminal investigation. the lawyer went to ENSURE things were spic and span.

The criminal investigation is still ongoing, you are conflating it with the arbitration. The arbitration is what was concluded and if you actually read the arbitration you would understand that it was the crucial documentation and witness statements that made Petrotrin fail to make its case.

You have no evidence that any crucial documents were missing. You are just holding on to speculation and UNC FB propaganda sites.

Says the person who's always attempting to spread PNM propaganda.

[wing]

im saying the arbitration is arbitrary. cause ALLLL the parties are compromised, or fired, lol.

and it failed to make its case cause STUFF ARE MISSING!!!

the man extracting the oil is pnm, the man recieveing the oil is pnm, the company is riddled with pnm, the place was left ungaurded for hours by pnm, and then the personal lawyer sent in as pnm clean up crew.

the ONLY thing that wasnt pnm was the person green lighting the three audits (two internal, and third external).

the person terminating the contract may very well be pnm cause they decide to sue the company for the wrongful termination... and sure to win, cause the documents missing.



woudl be pretty interested to find out what is teh history of production of those same catshill wells. it if maintained that 140% sudden jump in production, or if that was just a blip and it went back down.

where i worked, if our product rate went from 82 t/p to 180 t/p, i would do a work order to get E&I to calibrate those instruments, cause there are multiple ways to extrapolate if that rate increase was legit

Hey, so you used to work in the custody transfer section of oil stocks?

[zoom rader]

im saying the arbitration is arbitrary. cause ALLLL the parties are compromised, or fired, lol.

and it failed to make its case cause STUFF ARE MISSING!!!

the man extracting the oil is pnm, the man recieveing the oil is pnm, the company is riddled with pnm, the place was left ungaurded for hours by pnm, and then the personal lawyer sent in as pnm clean up crew.

the ONLY thing that wasnt pnm was the person green lighting the three audits (two internal, and third external).

the person terminating the contract may very well be pnm cause they decide to sue the company for the wrongful termination... and sure to win, cause the documents missing.



woudl be pretty interested to find out what is teh history of production of those same catshill wells. it if maintained that 140% sudden jump in production, or if that was just a blip and it went back down.

where i worked, if our product rate went from 82 t/p to 180 t/p, i would do a work order to get E&I to calibrate those instruments, cause there are multiple ways to extrapolate if that rate increase was legit

Don't explain anything technical to these idiots .

They never worked in industry.

[sam1978]

Rollee have real Indian and white friends !

Show me your friends.

[zoom rader]

Rollee have real Indian and white friends !

Show me your friends.

No he's their Boy

Watch brother Malcom X house Negro speech.

https://youtu.be/7kf7fujM4ag

[sMASH]

im saying the arbitration is arbitrary. cause ALLLL the parties are compromised, or fired, lol.

and it failed to make its case cause STUFF ARE MISSING!!!

the man extracting the oil is pnm, the man recieveing the oil is pnm, the company is riddled with pnm, the place was left ungaurded for hours by pnm, and then the personal lawyer sent in as pnm clean up crew.

the ONLY thing that wasnt pnm was the person green lighting the three audits (two internal, and third external).

the person terminating the contract may very well be pnm cause they decide to sue the company for the wrongful termination... and sure to win, cause the documents missing.



woudl be pretty interested to find out what is teh history of production of those same catshill wells. it if maintained that 140% sudden jump in production, or if that was just a blip and it went back down.

where i worked, if our product rate went from 82 t/p to 180 t/p, i would do a work order to get E&I to calibrate those instruments, cause there are multiple ways to extrapolate if that rate increase was legit

Don't explain anything technical to these idiots .

They never worked in industry.

nah nah nah, dem men will say the speedometer doing 180, put they head out the window and aint feel no breeze and still say the car geein fyaz, cause the needle max out.

[Habit7]

im saying the arbitration is arbitrary. cause ALLLL the parties are compromised, or fired, lol.

and it failed to make its case cause STUFF ARE MISSING!!!

the man extracting the oil is pnm, the man recieveing the oil is pnm, the company is riddled with pnm, the place was left ungaurded for hours by pnm, and then the personal lawyer sent in as pnm clean up crew.

the ONLY thing that wasnt pnm was the person green lighting the three audits (two internal, and third external).

the person terminating the contract may very well be pnm cause they decide to sue the company for the wrongful termination... and sure to win, cause the documents missing.



woudl be pretty interested to find out what is teh history of production of those same catshill wells. it if maintained that 140% sudden jump in production, or if that was just a blip and it went back down.

where i worked, if our product rate went from 82 t/p to 180 t/p, i would do a work order to get E&I to calibrate those instruments, cause there are multiple ways to extrapolate if that rate increase was legit

The arbitration is not arbitrary. The arbitration is the legal way to resolve any issue since A&V signed the Incremental Production
Service Contract in 2009.

There is nothing missing. You are literally hoping something is missing based on speculation. Even worse you are basing that on something that happened a year later after the legal proceedings and evidence gathering already occurred.

I care little for your anecdotes. Here are the facts.

[sMASH]

the arbitration is arbitrary cause its petrotrin sorting out its differences with the friend of the PM, who might have colluded with the pnm election candidate who was also employed in petrotrin to cook the books.

[Habit7]

the arbitration is arbitrary cause its petrotrin sorting out its differences with the friend of the PM, who might have colluded with the pnm election candidate who was also employed in petrotrin to cook the books.

It is not Petrotrin sorting out differences with the PM's friend. It is 3 highly respected jurists, adjudicating the matter independently based on evidence. Much like the highest court in our country the Court of Appeal would.

Smash I don't think you are intelligent enough to understand this subject. From confusing it with a criminal investigation, to misunderstanding the timeline. Your simplistic understanding of the issue is your demise. People are looking at the actual sources and you are looking at Kick Out the PNM. You are way out of your league on this one.

[sMASH]

they adjudicating on what is presented to them. is petrotrin presenting on one side, and av presenting on the other side, and they already said one could not substantiate the claims. they didnt say THIER INVESTIGATIONS couldnt substantiate their claims.


THE ADJUDICATORS DIDNT INVESTIGATE FOR THEM SELVES, THEY ONLY EVALUATE WHAT BOTH SIDES PRESENTED TO THEM

lol. take ur small arguments back to the unc cabal page. u really sound like dr hinds, ehno. hoping big words and massa tone will be enough to push a head.

[Wraith King]

Rollee have real Indian and white friends !

Show me your friends.

No he's their Boy

Watch brother Malcom X house Negro speech.

https://youtu.be/7kf7fujM4ag

His handlers introduce him as their "lil black friend " at parties. Don't know how they refer to him formally.

[Wraith King]

the arbitration is arbitrary cause its petrotrin sorting out its differences with the friend of the PM, who might have colluded with the pnm election candidate who was also employed in petrotrin to cook the books.

It is not Petrotrin sorting out differences with the PM's friend. It is 3 highly respected jurists, adjudicating the matter independently based on evidence. Much like the highest court in our country the Court of Appeal would.

Smash I don't think you are intelligent enough to understand this subject. From confusing it with a criminal investigation, to misunderstanding the timeline. Your simplistic understanding of the issue is your demise. People are looking at the actual sources and you are looking at Kick Out the PNM. You are way out of your league on this one.

The arbitration panel comprised of one selected by A&V (PNM financier), one selected by Petrotrin (company managed by a PNM political appointee and one selected by both parties ie. the PNM financier and a PNM political appointee.

Habit7 I don't think others are stupid enough to believe your lies, manipulation and propaganda.

[sMASH]

i totally forgot who were the adjuticators. cause that was just how arbitrary it was.. to go to arbitration. lol.

dat is like a man rob a house, and the owner brace him, and he tell the owner, dont call police let we work it out. that what arbitration is....arbitrary and that is inhouse for petrotrin based things.
its not even close to the out of court settlement edmund dillion had to sell back the apartment complex for 10 dollars.

[Wraith King]

i totally forgot who were the adjuticators. cause that was just how arbitrary it was.. to go to arbitration. lol.

dat is like a man rob a house, and the owner brace him, and he tell the owner, dont call police let we work it out. that what arbitration is....arbitrary and that is inhouse for petrotrin based things.
its not even close to the out of court settlement edmund dillion had to sell back the apartment complex for 10 dollars.

That is not a fair comparison as the owner of the house would seek his best interest in the matter. In the matter of Petrotrin vs A&V, noone sought the best interest of Petrotrin as the company is state owned and anything state owned is seen as "free money". In private companies, owners seek to run the company to be profitable while with state owned companies there is no such drive by persons in charge of the operations of the company.

[sMASH]

no way no how dis making sense. petrotrin fire the company and resolve to repay them 1bn dollars. lol.