FKO81's Posts
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Africonji:what truth? Kindly search for states debt from 2011 to 2014, when Nigeria wasn't in recession and mind Gov Obiano's legacy projects under 3 years surpassed Obi projects. Obi is a silent criminal |
Elnino4ladies:Peter Obi is very deceitful and selfish, Anambra is bigger than Obi, because gov Obiano refused to dance to his tune his is now bad, Obi first tenure was nothing to write home about, I cherish this man before, he utterances lately is irritating me, same rubbish he promised GEJ during 2015 and PDP made him coordinator he couldn't deliver, Anambrians will surprise him. No room for godfatherism in Anambra |
adadike281:correct, we will surprise them. |
RockHard:you are just dumb, so you don't know the person you are quoting is from north or are you scared to face your masters |
EgunMogaji:Bitter soul help yourself out on YouTube Innoson Vehicle Manufacturing subscribed to a channel CGTN Africa 32,358 videos 87,661 subscribers vnd.youtube:pVTTxrYWfRw?vndclient=mv-google&vndel=watch&vndapp=youtube_mobile |
nurey:Sometimes I wonder why Yorubas are always bitter over Igbo success? You can help yourself with thousands of YouTube videos of IVM plant in Nnewi that have hosted lots of foreign media organizations like CNN, French Tv, BBC etc vnd.youtube:gmeuyT8IX90?vndapp=youtube_mobile&vndclient=mv-google&vndel=watch https://m.youtube.com/channel/UCpz69rpFD2fKQe0xXT6qTfg?itct=CCIQ1R8YACITCNm2hrKBltYCFcKgVQodI6kOaw%3D%3D&gl=NG&client=mv-google&hl=en-GB https://www.youtube.com/watch?v=ygvLH1f1GTY&itct=CAYQpDAYCiITCKr47KyBltYCFUS0VQodCYYAEjIHcmVsYXRlZEiDwenFr9aW_mw%3D&hl=en-GB&client=mv-google&gl=NG |
Oviconji:*Anambra: Godfathers futile dance.* _If Obi’s supporters could have the temerity to claim that *he spent a whopping N7billion of his personal money on Obiano’s election in 2013 and are demanding full reimbursement, he could well demand more than N20billion from Obaze if elected in 2017.* After all, inflation has spiraled and the naira exchange rate worsened drastically since 2013, making N7billion of 2013 worth over N15billion of today. Obi may well add interest rate to the amount spent on Obaze’s election_ https://www.google.com.ng/amp/sunnewsonline.com/anambra-godfathers-futile-dance/amp/
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Eastside046:Not just developments in Ogidi and other towns , under Obiano Ogidi had Igwe after many years of Igwe tussle with Amobi family same with Awka etiti and other towns, gov Obiano brought sanity, security, investments and development in Anambra, Idemili north has highest registered voters in Anambra and Ogidi is their headquarter. Anambrians are with Gov Obiano, he deserve second tenure. All communities benefited from gov Obiano's benevolence
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Amarabae:You are dear to me, I'm asking God for best wisdom to wipe you during this election period in Anambra, after election we go settle since we belong to different political parties, I know Igbos progress matters to you, gov Obiano is best for Anambra let him complete all projects he started after him we can test your candidate. Campaign never start you will see more of Obiano's projects trust me.
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Canada invites Prof Ezeibe over discovery of HIV/ AIDS therapy authorityngr.com/2017/03/Canada-invites-Prof-Ezeibe-over-discovery-of-HIV-AIDS-therapy/ |
whitebeard:https://www.vanguardngr.com/2017/02/breakthrough-michael-okpara-varsity-discovers-cure-hivaids/ https://m.guardian.ng/saturday-magazine/cover/i-invented-medicine-to-cure-hivaids-not-vaccine-says-ezeibe/ |
agadez007:I wonder what new you done in your pale's compound for past three years Obiano' legacy in Anambra
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Benchuko1:Rubbish writeup from Obi's SA
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OIL AND GAS DEPOSIT/PRODUCTION
AND REVENUE LEVEL BY STATES IN NIGERIA
http://www.nddc.gov.ng NNDC is a Federal
Government agency established by Nigerian
president, Olusegun Obasanjo in the year 2000
with the sole mandate of developing the oil-
rich Niger Delta region of southern Nigeria
which includes the following oil and gas
producing states of Rivers, Bayelsa, Cross
River, Delta Akwa Ibom, Abia, Imo, Ondo and
Edo States.
2010 REVENUE ON OIL AND GAS. All the
states are getting N2.000 billion each based on
the equality of States while total aggregate
per state based on oil production is as follows:
based on production level in each state at the
time of this report, because it does flutuates
for many reasons but the average leaders are
as follows: (NOTE: ONE BILLION NAIRA IS
EQUIVALENT TO 10 MILLION DOLLARS AT
CURRENT EXCHANGE RATE)
Rivers (33.48%) N11.068 billion
Bayelsa (20.44%) N7.446 billion
Delta (18.74%) N6.974 billion
Akwa Ibom (16.54%) N6.362 billion
Imo (1.80%) N3.163 billion;
Abia (1.60%) N3.022 billion
Cross River (1.40%) N3.020 billion;
Ondo (1.30%) N3.010 billion.
Edo (0.80%) N1.966 billion.
NNPC, MINISTRY OF FINANCE AND CENRAL
BANK RECORDS 2010
http://www.nnpcgroup.com
http://www.nnpc-nigeria.com
With a maximum crude oil production capacity
of 2.5 million barrels per day, Nigeria ranks
has Africa's largest producer of oil and the
sixth largest oil producing country in the world.
Nigeria appears to have a greater potential for
gas than oil. Nigeria's gas production in the
year 2000 was approximately 1,681.66 billion
scf, 1,3715 billion scf was associated gas and
the rest 310.16 billion was nonassociated gas.
Nigeria produces only high value, low sulphur
content, light crude oils - Antan Blend, Bonny
Light, Bonny Medium, Brass Blend, Escravos
Light, Forcados Blend, IMA, Odudu Blend,
Pennington Light, Qua-Iboe Light and Ukpokiti.
Deep Water Exploration
From the very beginning of oil exploration in
Nigeria in 1937, till early 1993, virtually all
exploration and production activities were
restricted to land and swamps. Where
prospecting ventured offshore, it was in areas
not greater than 200m water depth.
THE ARE JOINT VENTURES INVOLVING
FOREIGN OIL COMPANIES OPERATED BY THE
FOLLOWING FOREIGN OIL COMPANIES
IN, RIVERS STATE, BAYELSA STATE, DELTA
STATE, AKWA IBOM STATE, CROSS RIVER
STATE, ONDO STATE, IMO STATE, ABIA
STATE, EDO STATE AND ANAMBRA STATE.
(1) Shell Petroleum Development Company of
Nigeria Limited (SPDC):
(2) The joint venture is composed of NNPC
(55 percent), Shell (30 percent),
(3) Elf (10 percent) and Agip (5 percent) and
operates largely onshore on dry land or in the
mangrove swamp.
(4) Chevron Nigeria Limited (CNL):
(5) A joint venture between NNPC (60 percent)
and Chevron (40 percent) has in the past been
the second largest producer (approximately
400,000 bpd), Mobil Producing Nigeria
Unlimited (MPNU):
(6) A joint venture between NNPC (60 percent)
and Mobil (40 percent) operates
(7) Nigerian Agip Oil Company Limited
(NAOC):A joint venture operated by Agip and
owned by NNPC (60 percent), Agip (20
percent)
( Phillips Petroleum (20 percent) produces
150,000 bpd mostly from small onshore fields.
(9) Elf Petroleum Nigeria Limited (EPNL):A
joint venture between NNPC (60 percent) and
Elf (40 percent)
(10) Texaco Overseas Petroleum Company of
Nigeria Unlimited (TOPCON):A joint venture
operated by Texaco and owned by NNPC (60
percent), Texaco (20 percent) and Chevron (20
percent)
(11) OTHERS ARE ADDAX OF CANADA,
SINOCO OF CHINA, GEC, AFREN ANDSTATE
OIL OF NORWAY AND HARDY OIL OF BRITAIN
ETC. AND MANY MORE OIL AND GAS
COMPANIES AND OIL AND GAS SERVICES
COMPANIES WORKING ON JOIN VENTURES IN
NIGERIA NIGER DELTA AREAS.
------------------------------
------------------------------
------------------------------------------------
New Investment Potential on Oil and Gas in
Nigeria by NNPC GROUP OF NIGERIA
"UPSTREAM
The Nigerian Oil and Gas reserves have grown
tremendously since the discovery of
hydrocarbon in 1956 in Oloibiri. The growth
was from a modest figure of 0.184 billion
barrel of oil and 2.260 billion cubic feet of gas
in 1958 to 25.93 billion barrels of oil, 3.80
billion barrels of condensate and 158 trillion
cubic feet of gas, as at December 2000.
The reserves increase was achievable because
of two main factors namely:
The introduction of various incentives by the
Government for increasing oil reserves and gas
utilization. In order to increase oil reserves, a
Memorandum of Understanding (MOU) was
negotiated and agreed to guarantee a notional
profit margin of US $2/bbl. This was revised to
include the Reserves Addition Bonus clause,
which qualify the operator for a tax credit for
additions to reserves that exceeds its
production for a year. Opening up of other
basins, which are blocked into concessions
and awarded to competent entrepreneurs for
exploration and development (Fig. I). The
basins are Benin, Anambra basin, Benue
Trough" NNPC RECORDS
------------------------------
------------------------------
------------------------------------------------------
Afr-en has signed Production Sharing
Contracts (“PSC”) for OPL 917 and OPL 907,
within the Anambra basin, onshore Nigeria.
Highlights
Afren through a Joint Venture (“JV”) with
Global Energy Company Limited of Nigeria
(“GEC”) a leading Nigerian based international
oil and gas company active in oil and gas
services across the Gulf of Guinea, has signed
PSCs for OPLs 917 and OPL 907 and a
signature bonus of US$1.6 million for each
licence has been paid by the licence
participants.
The licences are located in the Anambra
Basin, the second most prospective basin in
Nigeria, with estimated remaining gas
resources in excess of 5 trillion cubic feet
(“Tcf”) of gas, yet the basin remains largely
unexplored with only 30 wells drilled to date
leading to six discoveries.
The two licences cover an area totalling over
3,500 square kilometres.
Both areas contain existing discoveries that
require further appraisal and a number of
additional leads and prospects have been
identified.
- OPL 907 contains the Akukwa gas and
condensate discovery, with estimated in place
volumes of up to 400 billion cubic feet (“Bcf”).
- OPL 917 contains the Igbariam gas and oil
discovery, with estimated in place gas volumes
up to 300 Bcf and oil in place up to 80 mmbbl.
The near term work programme includes
additional data gathering and analysis on the
existing discoveries. Additional high resolution
2D seismic data will be acquired Over the
existing discoveries later in 2008, prior to
appraisal drilling in 2009. The seismic will also
evaluate the identified exploration leads and
prospects. London, 3 March 2008 - Afren plc
("Afren" or “the Company”) announces that, as
part ofits strategy to aggregate and
commercialise stranded gas assets in Nigeria,
theCompany has signed Production Sharing
Contracts (“PSC”) for OPL 917 and OPL
907,ithin the Anambra basin, onshore Nigeria. |
paiz:You reside in Lagos and talking about voting in Anambra, our enemies are now finding their voices, we are not daft, I can't wait, we will surprise you all. |
laudate:Intafact Beverages Limited INTAFACT BEVERAGES LIMITED Industry Brewing Predecessor Intafact Properties Founded Onitsha, Nigeria Headquarters Onitsha , Anambra State, Nigeria Number of locations 1 Brewery (Onitsha) Products Brewing of Beer and Non- alcoholic Malt drinks In 2014 a decision was made to invest US $110 million to increase the current annual capacity from 700 000 to 2.1 million hectolitres. The capacity upgrade is due to be completed in 2015. Brands The brewery produces brands including Hero Lager Castle Milk Stout (6%ABV) Grand Malt (non-alcoholic) Beta Malt (non-alcoholic) Ownership Controversy 2013 A controversy arose in August 2013 about the issue of shares to Next International a company owned by the Anambra state governor Peter Obi. [2] It is also reported that he invested 2 billion Naira of the state money for a 10% stake in the brewery. https://newafricanpress.com/2014/01/24/sabmiller-invests-more-n20billion-in-anambra-state/ www.premiumtimesng.com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html https://www.vanguardngr.com/2012/08/former-rep-asks-obi-to-resign-over-brewery-ownership/ https://www.vanguardngr.com/2013/04/governor-obi-sued-over-alleged-diversion-of-n5bn-state-fund/
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I wonder why coneheads enjoying deceiving and fooling themselves. |
lawani:International Breweries to explore merger with Intafact and Pabod Breweries 06 Jun 2017, 03:42 pm Financial Nigeria International Breweries said today that it has agreed to explore a merger with Intafact Beverages and Pabod Breweries, according to a statement released on the Nigerian Stock Exchange. The proposed merger comes months after Anheuser-Busch InBev, the world’s largest beer company, completed its $106 billion acquisition of SAB Miller in October 2016. All three breweries – International Breweries, Intafact Beverages, and Pabod Breweries – were all subsidiaries of SAB Miller. International Breweries said the proposed merger is expected to generate both revenue and cost synergies, enhanced operational efficiencies, better resource management, and more streamlined operations. “On receipt of regulatory approvals (including from the Nigerian Stock Exchange and Securities and Exchange Commission), all parties will take further steps to consummate the proposed merger including obtaining the approval of their respective shareholders at separate court- ordered meetings,” the company said. “All three companies . . . will continue to operate as usual until the receipt of required approvals.” International Breweries is based in Ilesa, Osun State, and manufactures Trophy lager beer; Intafact Beverages is based in Onitsha, Anambra State, producing the popular Hero lager beer; and Pabod Breweries is based in Port Harcourt, Rivers State, with Grand lager beer as its main product. |
okway:Just hear yourself e-Go a..t "owning shares of the company doesn't mean you own the company " Saving face I guess after realising GMBH owns 75% shares of international breweries? |
International breweries
Owners Brauhaase International Management GMBH (72.03%) L.A. Pro-Shares Limited (5.04%) Individuals (15.9%) On 26 April 1994 International Breweries plc became a public limited liability company and listed on the Nigerian Stock Exchange. International Breweries plc has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity. On 1 January 2012, SABMiller took operational management control of International Breweries from BGI Castel . |
okway:Ignoramus, always research before displaying your ignorance online. https://pageone.ng/2017/05/09/international-breweries-apel-capital/ International Breweries plc picks Apel Capital as registrar Written by Mariam Ogunlana on May 9, 2017 he Directors of International Breweries Plc has appointed APEL CAPITAL REGISTRARS LIMITED “APEL” as the new Registrars to the Company effective from 8 May, 2017. Apel Capital replaces Africa Prudential PLC and this announcement is for the attention of IB PLC shareholders and the market in general as other statutory publications will follow accordingly. Apel Asset Limited was incorporated in August 2004 and admitted as a member of the Nigerian Stock Exchange in 2005. The Company is a specialized financial services organization focused on providing integrated financial solutions to Clients in the areas of Securities Trading, Corporate Finance and Asset Management.As part of the Company’s corporate focus in becoming a one stop financial solutions provider, Apel Asset Limited acquired PHB Capital & Trust Limited (now Apel Capital & Trust Limited) in 2013. Company Information International Breweries plc is a brewery in Nigeria. It began production in December 1978 with an installed capacity of 200 000 hectolitres per annum, this increased to 500 000 hl/a in December 1982.On 26 April 1994 International Breweries plc became a public limited liability company and listed on the Nigerian Stock Exchange. International Breweries plc has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity. On 1 January 2012, SABMiller took operational management control of International Breweries from BGI Castel. |
okway:Ignoramus, Intafact is owned by Sab, Peter Obi and Anambra state government. International breweries Owners Brauhaase International Management GMBH (72.03%) L.A. Pro-Shares Limited (5.04%) Individuals (15.9%) On 26 April 1994 International Breweries plc became a public limited liability company and listed on the Nigerian Stock Exchange. International Breweries plc has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity. On 1 January 2012, SABMiller took operational management control of International Breweries from BGI Castel . |
NULGE lists 23 states owing salaries, number of months NEWS Published on June 26, 2017 By Wale Odunsi RELATED TOPICS: The Nigeria Union of Local Government Employees (NULGE) said that 23 states of the federation currently owed local government workers arrears of salaries ranging from one to 16 months. National President of the union, Ibrahim Khaleel in a statement on Monday said Bayelsa State led with 10 to 16 months, followed by Kogi between seven to 15 months; Delta State eight to 14 months. “Kaduna 12 months; Oyo three to 11 months; Edo 10 months; Abia five to nine months; Kwara two to nine months; Benue nine months and Nasarawa seven months. “Ondo, Ekiti, Imo with six months; Zanfara has not implemented minimum wage, Adamawa, Rivers, Akwa Ibom, Ebonyi, Plateau owing four months, Taraba and FCT three months. “Osun state has been paying half salaries for 24 months and few staff are owed few months in Enugu,” he said. The union noted that Ekiti had refused to remit union dues for the past nine months and Ogun had not also remitted its deduction for seven months. The national president also said that 700 staff members were owed between one to three months in Cross River State. He called on the governors of the states to offset the salaries and other allowances before the union would be forced to mobilise and shut down all local government councils in the country. Khaleel called on the state governors not to divert or tamper with the second tranche of Paris Club Loan refund but use it to offset the entitlement of the workers. “We want to state in strong term that no governor should either divert or tamper with the fund. “This should be an avenue where the backlog of arrears of salaries owed the Local Government workers and some other welfare packages should be settled. “Such as leave bonus, arrears of promotion benefits, arrears of annual increment and non implementation of minimum wage most especially in Zamfara State are resolved and paid. “We, therefore, use this medium to appeal passionately to the State Governors to use this 2nd Tranche of Paris club loan refund to clear the backlog arrears of outstanding salaries. “This is in order to ameliorate the untold hardship they are currently passing through due to this ugly situation,” he said. Khaleed commended the 14 states including Lagos, Ogun, Kano, Katsina, Jigawa, Sokoto, Kebbi, Bauchi, Borno, Yobe, Gombe, Cross River, Niger and Anambra that were up to date in the entitlement of local government workers. dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/ |
Fake report, sponsored lies, Anambra is not owing civil servants This is full list of states owing civil servants dailypost.ng/2017/06/07/benue-kogi-top-list-states-owing-workers-nigeria-full-list/ Benue, Kogi, top list of states owing workers in Nigeria (FULL LIST) NEWS Published on June 7, 2017 By Ameh Comrade Godwin RELATED TOPICS: Workers in Benue, Kogi, Abia, Oyo, Ondo and Ekiti State have not received salaries in 2017, a survey conducted by BudgIT has shown. The civic tech organisation, in a statement on Tuesday, said up to 20 states owed their workers, including pensioners their entitlements ranging from one to 36 months. Innovate, Improve, Excel Apply now for this Great Opportunity for Applicants in Nigeria! Lagos, Kano, Sokoto Anamba and others are the only state not owing workers in the survey. It revealed that the survey covered primary school teachers, secondary school teachers, local government workers, state independent workers, pensioners and state secretariat workers. “In particular, we discovered that many states have defaulted in the payments of pensions and gratuities,” the statement read. “From the survey carried out, we discovered that apart from the fact that 16 states which are yet to pay the pensions of former civil servants in their service, 8 of these states have not paid their pensioners at least 12 months’ pensions, while states like Imo, Taraba and Niger owe pensions of about 2 to 3 years. “Notably, these pensioners expressed how unhappy they are, their dissatisfaction with the government and how hard it has been for them to survive. “In addition to outstanding pensions, we note from our survey, that across all categories, states like Kogi, Abia, Benue, Oyo, Ekiti and Ondo have not paid their workers’ salaries for this year 2017; owing at least 4 months’ salary. However, the likes of Lagos and Rivers have been consistently impressive with their up to date and full payment of civil servants’ remuneration.” “There have been several newspaper publications on states’ civil servants being owed salaries and we are also aware that due to the recent economic downturn FAAC allocations to states and their internally generated revenue have reduced drastically making them unable to pay their staff salaries and run their states effectively.” BudgIT asked the federal government to “tighten its accountability structures” in response to the promise of governors to pay salaries after another tranche of Paris Club refund is released. “State governors have recently canvassed that the federal government should provide another tranche of Paris Club refund to offset salaries and other liabilities,” the statement read. “We hereby ask the federal government should tighten its accountability structures for the series of extra-statutory funds that are provided to state government, which currently has reached N1.75tn. “State governments need to more in terms of transparency and the use of funds… it is pertinent to state here that only Bauchi, Kogi, Kano, Kaduna, Edo, Gombe and Yobe have provided their full 2017 budgets to the public.” |
akinsuraj:Southwest lead in Exam malpractice in Nigeria check exam ethics marshal |
![]() totit:NECO and GCE ![]() totit:NECO and GCE lol, Southeast leading in common entrance exam, WAEC and JAMB, you guys are here lamenting while we are leading
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totit:continue deceiving your tribe with lies, I guess Punch newspaper is own by Igbo man
|
GoldNiagara:Running from pillar to post, can you provide statistics of candidates entering high institutions? |
bakynes:For more than two decades southeast is leading in SSCE and JAMB it became clear to west since social media became powerful in Naija and exposing their lies and propaganda
|
jonnytad:Funny, you guys enjoying deceiving yourselves. same southeast lead in WAEC and JAMB |
naturalman:It clearly show you know nothing in Anambra. Mind your indebted region |
naturalman:Conehead mind your backward and indebted region |
Phillips Petroleum (20 percent) produces
150,000 bpd mostly from small onshore fields.
(9) Elf Petroleum Nigeria Limited (EPNL):A
joint venture between NNPC (60 percent) and
Elf (40 percent)
(10) Texaco Overseas Petroleum Company of
Nigeria Unlimited (TOPCON):A joint venture
operated by Texaco and owned by NNPC (60
percent), Texaco (20 percent) and Chevron (20
percent)
(11) OTHERS ARE ADDAX OF CANADA,
SINOCO OF CHINA, GEC, AFREN ANDSTATE
OIL OF NORWAY AND HARDY OIL OF BRITAIN
ETC. AND MANY MORE OIL AND GAS
COMPANIES AND OIL AND GAS SERVICES
COMPANIES WORKING ON JOIN VENTURES IN
NIGERIA NIGER DELTA AREAS.
------------------------------
------------------------------
------------------------------------------------
New Investment Potential on Oil and Gas in
Nigeria by NNPC GROUP OF NIGERIA
"UPSTREAM
The Nigerian Oil and Gas reserves have grown
tremendously since the discovery of
hydrocarbon in 1956 in Oloibiri. The growth
was from a modest figure of 0.184 billion
barrel of oil and 2.260 billion cubic feet of gas
in 1958 to 25.93 billion barrels of oil, 3.80
billion barrels of condensate and 158 trillion
cubic feet of gas, as at December 2000.
The reserves increase was achievable because
of two main factors namely:
The introduction of various incentives by the
Government for increasing oil reserves and gas
utilization. In order to increase oil reserves, a
Memorandum of Understanding (MOU) was
negotiated and agreed to guarantee a notional
profit margin of US $2/bbl. This was revised to
include the Reserves Addition Bonus clause,
which qualify the operator for a tax credit for
additions to reserves that exceeds its
production for a year. Opening up of other
basins, which are blocked into concessions
and awarded to competent entrepreneurs for
exploration and development (Fig. I). The
basins are Benin, Anambra basin, Benue
Trough" NNPC RECORDS
------------------------------
------------------------------
------------------------------------------------------
Afr-en has signed Production Sharing
Contracts (“PSC”) for OPL 917 and OPL 907,
within the Anambra basin, onshore Nigeria.
Highlights
Afren through a Joint Venture (“JV”) with
Global Energy Company Limited of Nigeria
(“GEC”) a leading Nigerian based international
oil and gas company active in oil and gas
services across the Gulf of Guinea, has signed
PSCs for OPLs 917 and OPL 907 and a
signature bonus of US$1.6 million for each
licence has been paid by the licence
participants.
The licences are located in the Anambra
Basin, the second most prospective basin in
Nigeria, with estimated remaining gas
resources in excess of 5 trillion cubic feet
(“Tcf”) of gas, yet the basin remains largely
unexplored with only 30 wells drilled to date
leading to six discoveries.
The two licences cover an area totalling over
3,500 square kilometres.
Both areas contain existing discoveries that
require further appraisal and a number of
additional leads and prospects have been
identified.
- OPL 907 contains the Akukwa gas and
condensate discovery, with estimated in place
volumes of up to 400 billion cubic feet (“Bcf”).
- OPL 917 contains the Igbariam gas and oil
discovery, with estimated in place gas volumes
up to 300 Bcf and oil in place up to 80 mmbbl.
The near term work programme includes
additional data gathering and analysis on the
existing discoveries. Additional high resolution
2D seismic data will be acquired Over the
existing discoveries later in 2008, prior to
appraisal drilling in 2009. The seismic will also
evaluate the identified exploration leads and
prospects. London, 3 March 2008 - Afren plc
("Afren" or “the Company”) announces that, as
part ofits strategy to aggregate and
commercialise stranded gas assets in Nigeria,
theCompany has signed Production Sharing
Contracts (“PSC”) for OPL 917 and OPL
907,ithin the Anambra basin, onshore Nigeria.
And what is the size of his shareholding, please? I don't want to say you are lying, but.... 
Yorubas are the people running this economy.