₦airaland Forum

Aradel full bid... Whoa

Oando should also do full bid today hopefully.

Very manipulative people... Can't even think productively for their region but always keen of leading the rest of the country.

The North is the poverty capital of Nigeria and they are too poorly educated and extremely indoctrinated to rule a secular state

With all the violent happenings in Anambra, people are still going there? The East is a scary place to be if you are rich.

It is wise to stay away from the East right now. The IPOB activities have made Arms readily available fuelling crimes

Oando is set to drill 4 wells each at Qua iboe (OML 13) and Ebendo (OML 56) next year.

OML 13 has 900 million barrels of crude oil and 5 Trillion cubic feet of gas .

Oando’s ambition remains to quadruple production over the next few years.

Oando own the Oando energy service, a subsidiary of Oando which operates 4 swamp rigs and have invested over $450 million in its upgrade.

Production by Oando will be exported via the Qua iboe export terminal.

Part of OML 13 is operated by NNPC and a subsidiary of sterling oil. Production from the JV started early this year at 6,000 bpd and currently at 40,000 bpd. Peak production is expected to be around 75,000 bpd.

Oando will be building a gas processing plant within OML 56, with a total capacity of 50 million standard cubic feet per day (MMSCF/D), to be delivered in phases.

The first phase will comprise a 12 MMSCF/D modular plant, with an interconnection pipeline network of about 4km alongside other ancillary infrastructure.

OML 56 also houses the ongoing Kwale gas gathering system which is expected to process 300 million cubic feet of stranded gas a day. Gas will be transported via OB3 pipeline.

A part of Kwale gas gathering project has commenced operation and already processing and transporting 30 million cubic feet of gas daily .

Omooloriredade:
I struggle to see how Wale will fail to turn Oando at this juncture. He has the wind at his back.

Stumbled on a report that an extra 300MW is now ready to hit the grid from Okpai phase 2 leaving just 150MW till Q3 2025.

A back of the envelope calculation of Power companies using only one metric - market capitalisation.

Let's look at the Market valuation of listed Power companies on the NGX.

Geregu > OS x SP = 2,500,000,000 x 1150 = N2,875,000,000,000
Geregu Name plate capacity = 435MW
Otedola factor and free float influenced valuation so grossly unreliable.

Transcorp Power > 7,500,000,000 x N360 = N2,700,000,000,000
Transcorp Power Name plate capacity = 2000MW (approx)
1MW = N2,700,000,000,000 / 2000MW = N1,350,000,000

Asssuming we can rely on this figure as an industry metric;
Okpai IPP (1 & 2) Name plate capacity = 1000MW (approx)
Okpai IPP (1 & 2) market valuation = N1,350,000,000 per MW x 1,000 MW = N1,350,000,000,000
Oando's share = 40% of N1,350,000,000,000 = N540,000,000,000

Since the FG has been keen to privatise power plants lately, I say Wale should whisper in Uncle's ear that he wants to buy the FG's share in the JV. Take bank loan and buy up the remaining 60% (FG will sell cheap ) , transfer to existing shareholders and list Oando power (Okpai IPP 1& 2) on the NGX.

OR

After buying up FG's stake, list on the NGX, either do a share sale to the public or a PP to strategic investors (instant profit) and pay down some of the outstanding bank loans.

Oando's situation is unique in the sense that, not only does it Oando a stake in the IPP, it also supplies gas to the IPP as part of the JV.

Disclaimer - Na just speculation levels o. Options suppose dey sha. A lot of irons in the fire. Wale say make we #BetOnOando

I have been buying up the dips on Oando... I don't see how Oando can stay under ₦100 for long. Oando is at least a ₦180 stock.

I am Betting on Oando

Danladi is grossly incompetent, power drunk and has overstayed that office.

Same man that slapped somebody because he was Igbo...

Universal Insurance has started moving.

Streetinvestor2:
Betnaija stock fit do full bid today with the way I am seeing it.The bid is increasing

Which stock is that?

Even in an 100% Islamic state, you can't still remove terrorism.

These people don't see killing as evil

For 2025 :-

Oando is targeting 100,000 barrels a day production.

First E & P is also targeting 100,000 barrels a day production. Infact they currently have a rig from shelf drilling and hope to increase production from 58,000 bpd to 70,000 bpd in the near term. They also plan to monetize 100 million cubic feet of gas daily from their assets.

Seplat production expected to more than double to 120,000 bpd in 2025. Hopefully, they also start gas production from their ANOH plant( around 300 million cubic feet of gas daily) after the completion of OB3 by NNPC.

Indigenous oil companies will be eating good in 2025.

Clown

China’s Huaxin Cement To Challenge Dangote, BUA In Nigeria After Purchasing Lafarge Africa.


The new Chinese entrant in Nigerian cement is likely to ramp up competition, experts say.
Dangote Cement and BUA will face a new challenger in Nigeria from Chinese newcomer Huaxin Cement, which is buying an 83.8% stake in Lafarge Africa from Holcim.

https://castles.com.ng/huaxin-cement-to-challenge-dangote-for-market-share/

See painment... I like the way Wike is rubbing it on his haters face.

They wish he fails but he is winning every week and it is causing so much pain to Tinubu's and Wike's haters.

Because Rivers money is yours right? Clown

Dangote Sugar Refinery Plc has launched an offering to raise N50bn from debt capital market investors through the issuance of Series 6 and Series 7 commercial papers under its N150bn debt programme.

yMcy56:
WAPCO
What's happening here?
Accumulation, Cross Dealings or Mop Up?
Closed to 12million units in dealings....

Accumulation ongoing.

Islamic extremists hate the west but can't stop using designers made in the west.

https://cdn.punchng.com/wp-content/uploads/2019/06/03122042/Oando-office.jpg

Oando raises oil production output by 50%

Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months.

It said the achievement followed the acquisition of Nigerian Agip Oil Company from Eni, earlier this year.

The Managing Director of Oando Energy Resources Nigeria Limited, Dr. Ainojie Irune, disclosed this during a recent meeting with its Joint Venture partners, Nigerian National Petroleum Corporation Limited in Abuja, according to a statement issued by the company on Sunday.

Source:
https://punchng.com/oando-raises-oil-production-output-by-50

Nigerialabalaba:
U sabi d meaning of d crime u dey commit so na prison you dey go so. Na lie go kee una las.

Oando don warn una say make all of una wey no get sense make una go borrow sense yet una no dey hia word.

Oando no be family business and PBAT no dey among pesins wey get Oando. No go dey deceive people. In fact, if u say PDP and former VP Atiku thru Volpi dey part of d major owners of Oando before dem pay Volpi hin money dem borrow from him, u for correct small but dat PBAT side na lie and u go collect like Farotimi collect from Baba Afe Babalola.

Dat sense wey una no get, una go get am by force.

Read wetin you write again... You sure say you believe am?

How Wale take get money setup Oando and even acquire AGIP ENI... $700million no be beans for a company struggling with multiple debts.

Dey play

megawealth01:
Yeah. SEPLAT and TOTAL
I don't know of others because I don't have the rest

OANDO is a game changer throughout the duration of JAGABANomics

Oando is Tinubu family business and Wale is just a front. As long as Tinubu is the president, Oando will do extremely well.

Obidients are more concerned about the defection of the PDP law makers in Rivers State because of their hate for Wike.

I hope LP will go to court to ensure these law makers lose their seats. Politicians just used naive Obidients to cash out. Even Alex Oti of Abia will also decamp when the time comes.

megawealth01:
Do you mind being UNIVERSALLY INSURED?

Only the smart will catch this at #0.34

I don waka jare

Currently have 10million units of Universal Insurrance. I have been buying a million units every month for several months now.

I love that it just remained stable in ₦0.33/₦0.34 allowing me to stockpile.

Youngzedd:
BREAKING: Naira appreciates to N1,640 from N1,730 as supply outstrips demand on CBN EFEMS https://nairametrics.com/2024/12/04/breaking-naira-appreciates-to-n1640-from-n1730-as-supply-outstrips-demand-on-cbn-efems/

The new CBN FX platform is gradually taking effect. Naira to dollar will stabilise at ₦1,500 by end of December.

Hold your Wapco...

Even without the Chinese company acquiring Wapco, the stock recommendation and price expectation was around ₦85. Wapco below ₦100 right now is a win.

Babangidapikin:
Those are weighty allegations to put in a book , if they are no evidence that he corrupted the judiciary .

How can there be evidence... How can you claim supreme judges are bribed and you don't have evidence but proceeded to publish it in a book for the whole world to see.

Obidients are too quick to throw up baseless accusations without minding the consequences.

Sunrisepebble:
But they paid 105 per share to Holcim, with their valuation of the total company being between 116 to 169. I am still a bit lost on that. Isn't the 105 already a premium from about N40 market price when the deal wasn't yet announced

NGX and the minority shareholders will determine their ideal premium price when that time comes.

Sunrisepebble:
You guys forgive me for my continued lack of understanding. I'm still seated well inside but im a bit more cautious. I understand they have a valuation of the Ultimate Target Company, that is $1.1-1.6bn but does that mean that is what will necessarily be paid or offered? I'm still yet to fully understand that part in the document, I can't see any mention of the final pricing.

We have pricing for the majority shareholder at about 105 per share based on the $838mn.

Also struggling to understand this line: "Considering the above different valuation methods, the Board views the pricing of the Acquisition as fair and reasonable", is this not referring to the above for the majority shareholder

.after valuation, you will still need to pay a premium

Is this Islamic or part of the Sharia laws?

megawealth01:
CBN Governor says FX Matching System will correct Naira’s true Value.

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the disconnect between the current naira-to-dollar exchange rate and the naira’s true market value.

Speaking at the Bankers’ Committee Annual Dinner held on November 29, 2024, at Eko Hotel, Lagos, Cardoso emphasized that the system would enhance price discovery and restore stability to the foreign exchange (FX) market.

Read More👇

https://nairametrics.com/2024/11/29/cbn-governor-says-fx-matching-system-will-correct-nairas-true-value/

It has been introduced but no difference seem yet

cocolacec:
Fbnh

Whoa... This is huge

Sunrisepebble:
I’m even still trying to add more today. It will continue this way till Friday minimum

Yes ooo. It will hit ₦90-₦100 in the near term.