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kanuri
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KANURI INVESTMENT PRIVATE PLACEMENT
Kanuri limited was incorporated in October 2004 as a private limited liability company in Nigeria, operating in the Oil and Gas services sub sector. The company is owned 100% by reputable Nigerians and offers a range of services that includes processing of drilling Mud products, oil drilling, crude oil shipping, crude oil exportation and oil lifting, Mud engineering and Well Completion services.
Over the years, the company has built a reputation for passionately, professionally and efficiently executing contract aimed at delivering best value to its clients and shareholders. As at March 30, 2008, the Company has been awarded a number of important contracts for various Drilling and production/support services. when you invest with us we invest the pool of fund together and we send you mail via your mail box and gsm number periodical stating your investment portfolio and its trend
what ever platform you chose and invest you collect 10% of it monthly then after a period of a year,your initial investment will be lodge back into your bank account
SERVICES OFFERED
Kanuri offers a range of services, which includes:
1. Processing of locally sourced drilling Mud Products such as Barite Bentonite and calcium carbonate.
2. Provision of Mud Engineering Services to major Oil Companies involved in exploration and development of hydrocarbon reserves in Nigeria.
3. Sourcing and supplying of wide-range of drilling, completion, work-over and production chemicals.
4. Provision of onshore and off-shore Completion Fluids Engineering services.
BOARD OF DIRECTORS
Kanuri management team has over 20 years of experience in all aspect of Oil and Gas Services Market. The Board of Directors consists of the following
1. Chief Odoliyi Chairman
2. Dr. Ala .A. Ibanibo MD
3. Mr. Gbenga Akintan Member
4. Chief Emmanuel Ibanichuka ,,
5. Mr. Benjamin Wilcox ,,
6. Dr. Victor Maduka ,,
7. Oluwole Ajayi Executive Director
3. Edward T.Alabo Coordinator, Engineering Services
4. Catherine Ellah Manager, Legal & corporate Services
SIZE OF THE MARKET.
The Oil and gas field services market in Nigeria in the past few years was approximately $ 896 billion a year of which it is estimated that less than one fifth accrues to local contractors. Investment by NNPC and its joint venture partners are projected to reach $600 trillion by 2009, and of this, 70% should be spent locally, according to the government express wish.
SUMMARY OF PLACEMENT FACTS
ISSUER: Kanuri limited
each.
PURPOSE: Kanuri has identified several opportunities in
Oil and Gas industry including maritime services
And thus increased her vessel fleets to 8 in 2007.
In other to take full advantage of the government
Content policy, Kanuri intends to expand its capacity
as a whole.
METHOD OF SALE: Private Placement
UNIT OF SALE: Minimum of 1000 Shares and multiples of 500 units thereafter.
OFFER PRICE: N33.00 per units
POSSIBLE LISTING PRICE:
POSSIBLE LISTING TIME:
FORECAST OFFER STATISTICS
Financial summary 2008 2009 2010 2011 2012
Total assets 13,952,295 18,390,801 23,666,181 32,512,368 36,354,214
Shareholder’s fund 13,482,046 15,828,371 19,068,980 24,543,721 31,374,832
Revenue 3,441,211 9,918,178 13,918,703 21,717,493 27,733,595
EBITDA 1,920,470 6,505,586 9,055,702 14,814,291 18,651,198
PBT 914,4,775 4,775,718 6,527,875 11,512,459 14,504,816
PAT 640,351 3,342,003 4,569,513 8,058,721 10,153,371
Earnings per share =N= 0.12 0.50 0.69 1.09 1.38
KANURI INVESTMENT OIL SERVICES
QUALITY: Nigerian National Petroleum Corporation (NNPC) standard export
TYPES: Nigerian Bonny Light, QUA IBOE Light, Penning Ton Light, Forcados Blend,
Escravos Light, Bonny Medium, Brass blends,
QUANTITY: 36 Million Barrels only. From monthly allocation of the Nigerian National Petroleum Corporation (NNPC).
SPECIFICATION: SPECIAL GRAVITY 084.98%
API 37.0
RSW 0.6%
WATER CONTENT 0.2%
POUR POINT BELOW 4OF
SULPHUR WT O/14
PRICE
The price per barrel shall be the arithmetic means of “Brent” dated quotation as reported on the plant meter wire as per average low/light of four (4) quotation (TWO) days before and Two days after discharge.
The offer is less a gross Discount of US$5.00 (United States Five Dollars) per barrel. This amount minus the current export price of US$17.50 per barrel.
These conditions are as follows
1. Spot Life
2. Quantity: 3 million barrels per month for 12 months
3. OFFER ON F.O.B.
4. OFFER OFF “OPEC” records
5. Freight at buyer's account at US$1.24 per barrel
6. Port charges, customs fees at buyers account at US$250,000.00 per vessel of the Million barrels.
7. Buyer shall be the importer of records and shall be responsible for the payments of all customs duties or fees. Lay-time, demurrage,
If any, at port of discharge shall bear all responsibilities in accordance with the terms and conditions of the charter party agreement.
8. Payment of letter of credit shall be made by the buyer after ten (10) days to discharge of the crude oil into shore and upon
Presentation of the shipping documents to the buyer's bank.
I do hope this will mark the beginning of a good business relationship between your company and mine in the nearest future.
Thanks for your cooperation
Chief Odoliyi
Chairman,
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