₦airaland Forum

in the mud

Osagyefo98:
I can only sense fear on part of Nigeria.

The oil Majors are just damn mean on rapping up and leaving Nigeria.

And the Abokii NNPC GMD was saying it’s a good thing. The oil majors are running away from the country, they should find out what is going on

Cyberterror:
That is a misleading headline. The NNPC doesn't have the power to block. Only the minister for petroleum can.

that's what's I was thinking, can NNPC actually do that?

mrvitalis:
Lmao Igbo man owning all the shallow and onshore oil well mobile once owned ... would they allow it ? I don't even care self

Oga ABC the south east gas master plan is what you should be interested in forget Nigeria they would never like u

So that IPOB’s foot soldiers will go and destroy his investment one day because he is not supporting Biafra? IPOB doesn’t know the fame he they are doing to SE’s economy. Besides the said Mobil’s facilities is in SS, so no much difference if Seplat acquires it.

Nnpc is interested in the asset and that's the main issue here..... But thing is, they are really not the interested party but just trying to use their influence and government money to secure the asset..... And as time goes on the real owners will show up when ready and nnpc will stylishly sell the asset to them.


Naija corruption way.

Osagyefo98:
He is not buying it with your money.

Ipob e-rats everywhere.

People are busy doing business and some Ipob terrorists are busy eating themselves up.

I now agree and strongly hold the view that uchu nwelu grade.

You connected IPOB to the business because fear of possible restoration of Biafra is driving you people to the extreme.

CyberWolf:
So that IPOB’s foot soldiers will go and destroy his investment one day because he is not supporting Biafra? IPOB doesn’t know the fame he they are doing to SE’s economy. Besides the said Mobil’s facilities is in SS, so no much difference if Seplat acquires it.

If u don't have anything meaning to say go to your hut and lay rubbish

If it's Dangote now or any other Northern Muslim, they will sell it to him on a platter. Seplat should not pay a Kobo extra. There are many African countries now producing crude oil that would appreciate Seplats investments.

They should give it to NNPC or hurriedly form a quack Northern company to buy it, it would still be a matter of time before they ruin it just like they did on others.

Bastardized country ruled by demonic cabals, it was also due to hate and wickedness to frustrate Igbos that made them to sell assets Geometric Energy owned by Barth Nnaji had already secured to Emeka Offor which frustrated Barth Nnaji for many years and stopped Aba from benefitting from it until he had to pay another $5 million!

They should continue their shenanigans but Igbos are carefully watching.

mrvitalis:
Lmao Igbo man owning all the shallow and onshore oil well mobile once owned ... would they allow it ? I don't even care self

Oga ABC the south east gas master plan is what you should be interested in forget Nigeria they would never like u

Confused child, isn’t it same Federal Republic of Nigeria, that owns the so called South East gas?

NNPC a dog in the manger.

mrvitalis:
Lmao Igbo man owning all the shallow and onshore oil well mobile once owned ... would they allow it ? I don't even care self

Oga ABC the south east gas master plan is what you should be interested in forget Nigeria they would never like u

look at you giving a billionaire business advice. You go and invest in the south east gas master plan na.

Amah70:
You connected IPOB to the business because fear of possible restoration of Biafra is driving you people to the extreme.

No time for nkogheli.

Restoration mbok.

Osagyefo98:
No time for nkogheli.

Restoration mbok.

Iberiberism Class 1. Kwontinue, non stop.

Amah70:
Iberiberism Class 1. Kwontinue, non stop.

No time for nkogheli.

Restoration mbok.

NNPC management is absolutely brilliant with this manner they blocked the unethical manner Exxonmobil wanted to cash out again. Awon Ole!! They must think we are fools. It is absolute masterstroke and patriotic! NNPC just saved the Shareholders of Seplat and I congratulate them.

NNPC management will get into trouble if it did not raise these fundamental conditions before IOC cashes out like it did with Oando and landed Oando in trouble.

It is exactly a decade since same IOCs used this same ahistorically grotesque format then to cash out with Oando. Till date , Oando is yet to recover and the shareholders of Oando, till date, feeling utterly disgusted and defrauded.

That horrible episode must never be allowed to be repeated. These are overpriced assets and they are cashing out big time yet Seplat wants to go and borrow to fund an overpriced $1.5 billion capital flight.

On Seplat, I believe that its subsequent share price rally on the account of the news of its purported and inchoate acquisition of MNP assets is unfortunate and may be premeditated because they were too hasty in announcing it .NGX did not help investors by publishing it when Seplat was yet to get the approval of the Minister and a no objection from NNPC.

Tomorrow,I see investors rushing out of Seplat and it will cause serious losses to those investors who bought Seplat shares on account of that news.
SEC and NGx should actually investigate Seplat on this issue.

If you are an investor, next time think twice before making an investment decision on account of coporate action from Seplat. Like Seplat like Oando.
Here's free book on business ideas & money sources directory for you,it's 100% free! https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

JosephXavier:
This is ridiculous

Someone met the criteria but it's NNPC that is declining his purchase of the Exxon Mobil assets

Its because its not a Dangote that is buying it nah. Who is restricting no be d malu who is disturbed..... They will speak English that they have refused to teach their youths in the north!!

FreeStuffsNG:
NNPC management is absolutely brilliant with this manner they blocked the unethical manner Exxonmobil want to cash out again. It is absolutely patriotic! They just saved the Shareholders of Seplat.

NNPC management will get into trouble if it did not raise these fundamental conditions before ExxonMobill cashes out like it did with Oando and landed Oando in trouble.

It is like a decade since Mobil cashed out with Oando yet Oando is yet to recover and the shareholders of Oando feeling utterly disgusted and defrauded.
That horrible episode must never be allowed to be repeated.

On Seplat , I believe that its subsequent share price rally on the account of the news of its purported and inchoate acquisition of MNP assets is unfortunate and may be premeditated because they were too hasty in announcing it .NGX did not help investors by publishing it when Seplat was yet to get the approval of the Minister and no object from NNPC.
Tomorrow,I see investors rushing out of Seplat and it will cause serious losses to those investors who bought Seplat shares on account of that news.
SE and NGx should actually investigate Seplat on this issue.
If you are an investor, next time think twice before making an investment decision on account of coporate action from Seplat. Like Seplat like Oando.

Oando problem stemmed from the dubious nature of the the founders and nothing more ..Oando was just a vehicle to scam investors

SarkinYarki:
Oando problem stemmed from the dubious nature of the the founders and nothing more ..Oando was just a vehicle to scam investors

“We will not end the 2012 situation in Nigeria; it will be done in a manner that brings value to Nigeria,” said Kyari at a panel session during the Nigerian International Energy Summit in Abuja on Tuesday.

Same thing is/was loading in Seplat!! Thank God for the vigilance of patriotic Nigerians and Mele Kyari's eagle eyes.

The Chairman of Seplat is so heavily indebted that banks know him as a serial chronic debtor! He is obviously reading from the playbook of the Oando guys.

This is the most horrible time to buy an oil and gas asset and Seplat knows but they are actively hands in glove with folks on the mobil side and it is time that EFCC investigates these Mobil guys. EFCC must henceforth investigate this kind of deals because they have grave economic implications.

The NGX and SEC that should be protecting investors are once again caught napping. I think it is either they are incompetent or inexperienced or outrightly unpatriotic if they are caught napping again. This is fraud and economic sabotage!!!

Oil was high when Oando allegedly connived with same IOCs then to send the company Oando into humongous debt which left the shareholders of Oando defrauded as their shareprice crashed from over N100 to less than N2 yet Conocophillips and their collaborators in Oando Management cashed out!! The shareholders were sent to hell. Seplat is attempting to do far worse and I urge FG to please save Nigerians from the corrupt mobil and their unpatriotic Nigerian collaborators.

This is what the possibly corrupt managment of Seplat wants to do . Oil will not remain at over $100 for ever and if they really want to buy they should have bought when oil was around $20 or wait until it crashes.

Shale oil drillers in the US have resisted the urge to go borrow money because of this serious caution . A Seplat currently owing over $240m still going to buy a $1.5billion asset on credit(debt) in the middle of an unsual and temporary oil rally is either plain wickedness to shareholders of seplat or sheer madness and complete bunkum.

Seplat is swimming in debt and want to sink more so that shareholders can lose all their lifetime investment and then ABC and his goons in mobil can cash out abi? Lailai!!
Mobil should be stopped and the ripping off of Nigerians should be resisted.

I keep saying it that there are still Patriots in this land and we must keep praying for them. Thank God for those patriots who stood up . May God bless them and their families.


All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria for ever.
Here's free book on business ideas & money sources directory for you,it's 100% free! https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

Osagyefo98:
He is not buying it with your money.

Ipob e-rats everywhere.

People are busy doing business and some Ipob terrorists are busy eating themselves up.

I now agree and strongly hold the view that uchu nwelu grade.

the dingbat witch from Bini has landed! these are the efulefus that handed over Igboland to our enemies FOC.........mumu go and get us your igbo presidency..! bloody otelectual! ndi okamma na ama!

FreeStuffsNG:
Same thing is loading in Seplat!! Thank God for the vigilance of patriotic Nigerians and Mele Kyari's eagle eyes.

The Chairman of Seplat is so heavily indebted that banks know him as a serial chronic debtor! He is obviously reading from the playbook of the Oando guys.

This is the most horrible time to buy an oil and gas asset and Seplat knows but they are actively cap in hand with folks on the mobil side and it is time that EFCC investigates these Mobil guys. EFCC must henceforth investigate this kind of deals because they have grave economic implications.

The NGX and SEC that should be protecting investors are once again caught napping. I think it is either they are incompetent or inexperienced or outrightly unpatriotic if they are caught napping again. This is fraud and economic sabotage!!!

Oil was high when Oando allegedly connived with same Mobil then to send the company Oando into humongous debt which left the shareholders of Oando defrauded as their shareprice crashed from over N100 to less than N2 yet Mobil and their collaborators in Oando Management cashed out!! The shareholders were sent to hell. Seplat is atrempting to do far worse and I urge FG to please save Nigerians from the corrupt mobil and their unpatriotic Nigerian collaborators.

This is what the possibly corrupt managment of Seplat wants to do . Oil will not remain at over $100 for ever and if they really want to buy they should have bought when oil was around $20 or wait until it crashes.

Shale oil drillers in the US have resisted the urge to go borrow money because of this serious caution . A Seplat currently owing over $240m still going to buy a $1.5billion asset in the middle of an unsual and temporary oil rally is either plain wickedness to shareholders of seplat or sheer madness and complete bunkum.

Seplat is swimming in debt and want to sink more so that shareholders can lose all their lifetime investment and then ABC and his goons in mobil can cash out abi? Lailai!!
Mobil should be stopped and the ripping off of Nigerians should be resisted.

I keep saying it that there are still Patriots in this land and we must keep praying for them. Thank God for those patriots who stood up . May God bless them and their families.


All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria for ever.

Well summed up, nothing to add

JosephXavier:
This is ridiculous

Someone met the criteria but it's NNPC that is declining his purchase of the Exxon Mobil assets

Did you read or understand the reasons stated?

NNPC AND SEPLAT STORIES, hmm.

In 2020, Kyari representing NNPC, Orjiakor representing SEPLAT, Sylva representing Petroleum ministry, and Uzodinma representing Imo state government, these people laid the foundation block for what they called a $2 million National Infectious Diseases Hospital for the Southeast zone at Imo state University teaching hospital in Orlu. They said the project would be completed in less than a year.
After the foundation laying ceremony, no block has been added to the foundation till today. It's worrisome.

Cyberterror:
That is a misleading headline. The NNPC doesn't have the power to block. Only the minister for petroleum can.

Bros,

A lot of ignorance litters here...

misterjosh:
How can you be a regulator and at the same time a competitor in the same industry, that's not just right.
I totally get why the decommissioning of oil assets is very important... Still nnpc has to choice one, be a regulator or a player in oil and gas... Or it should just be split in two.

Bros

NNPC as a regulator (or DPR) and player NPDc is not

This headline is another mischievous headline. The NNPC doesn't have the power to block the sale only the minister of petroleum, and the bone of contention is the well abandonment process.

FreeStuffsNG:
NNPC management is absolutely brilliant with this manner they blocked the unethical manner Exxonmobil wanted to cash out again. Awon Ole!! They must think we are fools. It is absolute masterstroke and patriotic! NNPC just saved the Shareholders of Seplat and I congratulate them.

NNPC management will get into trouble if it did not raise these fundamental conditions before ExxonMobill cashes out like it did with Oando and landed Oando in trouble.

Again for Oando it wasn't Mobil but Conoco Philips Assets that Oando acquired and it was not regulatory issues that made Oando suffer. it was just circumstance. Oando took a facility from offshore banks at the time when oil price was around $100 per barrel and the loans were valued at $70 per barrel. this was bybthe end of 2014 then in 2016 the oil price crashed affecting their ability to repay which put them on the hook that they had to see their downstream business to Vittol energy. Please get your facts right before commenting bros.

It is exactly a decade since same Mobil used this same ahistorically grotesque format then to cash out with Oando. Till date , Oando is yet to recover and the shareholders of Oando, till date, feeling utterly disgusted and defrauded.

That horrible episode must never be allowed to be repeated. These are overpriced assets and they are cashing out big time yet Seplat wants to go and borrow to fund an overpriced $1.5 billion capital flight.

On Seplat, I believe that its subsequent share price rally on the account of the news of its purported and inchoate acquisition of MNP assets is unfortunate and may be premeditated because they were too hasty in announcing it .NGX did not help investors by publishing it when Seplat was yet to get the approval of the Minister and a no objection from NNPC.

Tomorrow,I see investors rushing out of Seplat and it will cause serious losses to those investors who bought Seplat shares on account of that news.
SEC and NGx should actually investigate Seplat on this issue.

If you are an investor, next time think twice before making an investment decision on account of coporate action from Seplat. Like Seplat like Oando.
Here's free book on business ideas & money sources directory for you,it's 100% free! https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

You just typed a beautiful nonsense here. first of all NNPC has no powers to block the sale except the minister of petroleum. Again what Kyari was making reference to is the well abandonment costs as most local players when they take over do not have the means to carry out well abandonment. He is advocating that IOCs address the issue of well abandonment before wrapping up sales of assets.

FreeStuffsNG:
“We will not end the 2012 situation in Nigeria; it will be done in a manner that brings value to Nigeria,” said Kyari at a panel session during the Nigerian International Energy Summit in Abuja on Tuesday.

Same thing is/was loading in Seplat!! Thank God for the vigilance of patriotic Nigerians and Mele Kyari's eagle eyes.

The Chairman of Seplat is so heavily indebted that banks know him as a serial chronic debtor! He is obviously reading from the playbook of the Oando guys.

This is the most horrible time to buy an oil and gas asset and Seplat knows but they are actively hands in glove with folks on the mobil side and it is time that EFCC investigates these Mobil guys. EFCC must henceforth investigate this kind of deals because they have grave economic implications.

The NGX and SEC that should be protecting investors are once again caught napping. I think it is either they are incompetent or inexperienced or outrightly unpatriotic if they are caught napping again. This is fraud and economic sabotage!!!

Oil was high when Oando allegedly connived with same Mobil then to send the company Oando into humongous debt which left the shareholders of Oando defrauded as their shareprice crashed from over N100 to less than N2 yet Mobil and their collaborators in Oando Management cashed out!! The shareholders were sent to hell. Seplat is attempting to do far worse and I urge FG to please save Nigerians from the corrupt mobil and their unpatriotic Nigerian collaborators.

This is what the possibly corrupt managment of Seplat wants to do . Oil will not remain at over $100 for ever and if they really want to buy they should have bought when oil was around $20 or wait until it crashes.

Shale oil drillers in the US have resisted the urge to go borrow money because of this serious caution . A Seplat currently owing over $240m still going to buy a $1.5billion asset on credit(debt) in the middle of an unsual and temporary oil rally is either plain wickedness to shareholders of seplat or sheer madness and complete bunkum.

Seplat is swimming in debt and want to sink more so that shareholders can lose all their lifetime investment and then ABC and his goons in mobil can cash out abi? Lailai!!
Mobil should be stopped and the ripping off of Nigerians should be resisted.

I keep saying it that there are still Patriots in this land and we must keep praying for them. Thank God for those patriots who stood up . May God bless them and their families.


All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria for ever.
Here's free book on business ideas & money sources directory for you,it's 100% free! https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

List the banks where he is heavily indebted or you are just talking nonsense here.

all these oil companies bring no value to their communities. I wonder why the govt cannot drill and refine crude oil.

mapet:
Bros

NNPC as a regulator (or DPR) and player NPDc is not

Thank you.
Though I believe those entities don't act independent of each other.