₦airaland Forum

Sunrisepebble:
Are we looking at the same results?
The profit has declined from 9M 2023 versus 9M 2024

GeeKudi:
Well, with respect to the latest acquisition, we were all waiting to see the result for the quater ending September 2024. When you look at the figures for this quater in comparison with Q3 2023, you see a significant change from negative to ove 13bn.

Disclaimer: Again, I am not an expert!

megawealth01:
Hope you have Oando no matter how small my bro?

megawealth01:
@mike maybe with WALE

You are doing your job on Oando

designking:
Axxela, a subsidiary of Oando will also 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 .

femisplash:
Finally, NNPCL maintains JV with all IOCs and as such, the equity stake of SEPLAT in this deal is 40%.

olyrayy:
And where did you get your information from? At least he has provided a source which said it is 40% for SEPLAT. Where did you see your own 70 - 10% ?

olyrayy:
And where did you get your information from? At least he has provided a source which said it is 40% for SEPLAT. Where did you see your own 70 - 10% ?

femisplash:
Again, you got it wrong. Initially, NNPC claimed they had the "rights of first refusal" on ExxonMobil's assets than a third party (SEPLAT) and they were supposed to be at the pole position to purchase the assets from the seller first.. Which was the crux of the matter. The JV agreement was a separate issue completely.

femisplash:
You're mixing it all up because you have a limited understanding of the issue. The link you posted talks about JV ratio, which is clearly different from assets ownership. To simplify it for you, SEPLAT owns 40% of ExxonMobil onshore assets (MPNU) in the new acquisitions. However, a joint venture between NNPCL and SEPLAT is in the ratio of 70:30.

femisplash:
"The acquisition of the entire issued share capital of MPNU adds the following assets to the Seplat Group: 40% operated interest in OML 67, 68, 70 and 104; 40% operated interest in the Qua Iboe export terminal and the Yoho FSO; 51% operated interest in the Bonny River Terminal (BRT) NGL recovery plant; 9.6% participating interest in the Aneman-Kpono field; and approximately 1,000 staff and 500 contractors will transition to the Seplat Group.

femisplash:
It's disingenuous for anyone to downplay Tinubu's
role in making this deal happened. Upon his assumption of office, he gave directive for faster approvals from the regulatory authority. He also gave similar approvals for acquisitions to Oando and Odinmim. Moreover, you're very wrong to say NNPCL got 10%. SEPLAT 's stake still stands at 40%.

Here's a like from Reuters, enlighten yourself on the declaration of the President in May, when he took over power.

https://www.reuters.com/business/energy/nigeria-approves-exxon-seplat-128-billion-deal-oil-regulator-says-2024-10-21/

femisplash:
This was a deal that was being foot dragged for more than two years. The former President, NNPCL, SEPLAT, ExxonMobil couldn't reach a deal. They had to drag themselves to court. The case was in court till Tinubu came in, soon as the issue was brought before him, he called together all parties involved. Little wonder, he has been able to successfully dismantle the barriers surrounding the deal. Kudos Mr President.

SAK:
Any signal/news?

Princkez:
they should let OANDO move ooo

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BabsO2:
Indeed some work needed to compile similar information for Oando. And the compilation may be incomplete especially around funding. From the little work I did it seems Oando has more reserves but lower current production than SEPLAT, suggesting it may need more fund injection to attain potential for the country.

Saywhat10:
I Was Raised In Nigeria, By My Step Mother, A Yoruba Woman-Ghanaian President-Elect John Mahama



https://www.youtube.com/watch?v=E5aZH6OL-BM?si=tnRqG7cgm8USvmdn

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/42688_SEPLAT_ENERGY_PLC-ANNOUNCEMENT_ON_UK_PROSPECTUS_PUBLICATION_REGARDING_MPNU_ACQUISITION_CORPORATE_ACTIONS_DECEMBER_2024.pdf

Like the information released by SEPLAT on NGX today. I guess Oando must have published something similar. Will be good to compare.

This news didn’t move the market. That means it’s not new information.

megawealth01:
Wale is fully prepared to calm shareholders down with hopeville

Choiceguy:
Can Oando do AGM meeting without publishing their Q3 result at this moment in keeping with the expection of every shareholders.

yMcy56:
Some info seems to be in the offing but don't have idea of what it is yet.

megawealth01:
Somebody is busy doing something with Oando. I dey wait for the nigga...

They go soon release am to fly?

Omooloriredade:
Oh! I see where you are coming from. Yes, it was made in response to what she said to Mike. I edited her post to remove the unpleasant part so she could have an opportunity to edit her post later when she's good. That way, there is no trail of it. She has done just that. God know say I no lie when I talk say I have a unique lived-in experience with and an understanding of women........haha.

@Mercy Make we try to dey understand each other and not fight one another unnecessarily. It will be difficult to police or censor what people post here. Mike, Sb, Prophet, Bagwa et al will always be drawn to post about Oando and they should be allowed to do so as much as they wish. Mega can't help but flash teeth. Wetin we go do? We will just have to accommodate a lot of things but if we have to correct, we do it gracefully. They will most likely receive it better that way otherwise, if they are defiant, what can one do?


@Toluway, our own na "ego". A lot of men have fallen because of it.

@Agba, you need a saviour.

megawealth01:
OANDO vawulence continues today...

Fight must dey today joor?

God1000:
You Can Remove 'Kemi' From Your Name – VP Shettima Accuses UK Party Leader Badenoch Of Denigrating Nigeria



https://saharareporters.com/2024/12/10/you-can-remove-kemi-your-name-vp-shettima-accuses-uk-party-leader-badenoch-denigrating?

KarlTom:
Let me help you add the second part of the caveat: The higher the risk, the higher the [possible] loss...

Locotrader:
I am now fully chamified.
100% one stock portfolio.
Kill or Die

yMcy56:
@Mikeapollo
So 50% increase is too small in 3mths?
If you're not impressed, go and help them achieve the 100% in one month nah.
You guys will just never be satisfied with anything.....
Everything to you should be about the immediate rally in the market....

Anyone interested in OANDO and can be patient should just take a sit in the bus.....
If you like, let all those negative comments and energy discourage you...

designking:
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

FreeStuffsNG:
HE John Mahama is so proud of his Yoruba Nigerian roots.

From Benin republic to Sierra Leone to Nigeria and now to Ghana, there's a Yoruba root and culture of excellence in each of the Presidents of these great nations.

The labour of our Yoruba forebears is not in vain. They knew this day will come some day and they made all the necessary sacrifice in their life time for the fruits we now see today. They were not hating on other tribes or feeding us with hate for other tribes. Little wonder that even the indigenes of Accra , the capital of Ghana, are Yoruba descendants!

Congratulations HE HE John Mahama. We are so very proud of you sir. May your reign be a profoundly successful one.