₦airaland Forum

Omooloriredade:
As expected, Oando will come out firing on all cylinders to sell what this means and the outlook for the company. This is the way it is done. WT intends to mint this opportunity. Hopefully the long-suffering shareholders are the major beneficiaries.

One other thing that caught my attention was the fact that the signing ceremony was done in London. Pourqoi? My eyes lit up when I read that. Eni is Italian, Oando is Nigerian and there's Transcorp Hilton in Nigeria's capital Abuja. Are they eyeing a LSE listing? A path to carbon neutral upstream production will be essential to getting the Londoners on board. I find they are pretty switched on in the O&G space. The LSE has stringent listing rules too. You have to release financial results as and when due. Disclosure rules are not what I think Oando can cope with. I may well be getting ahead of myself here. Pure mindless speculation maybe.

Disclaimer - I'm not suggesting there will be a SP rerate so if you're looking to grow your portfolio, please don't make investment decisions based on my post.

You speculate tire... Sha help me move it to $1

emmanuelewumi:
I just love this fine print, smart guys who don't want to be involved in any risk or litigation, but ready to corner the profits


1. There is no certainty that it will be commercially viable to produce any portion of the contingent resources.

2. There is no certainty that any portion of the prospective resources will be discovered. If discovered there is no certainty that it will be commercially viable to produce any portion of the resources.

Maradona economics

emmanuelewumi:
I was expecting management to give at least 55% to 60% probability of the commercial viability of the resources

If he had done that I for inject 25% of my networth into Oando but the Wale I know won't try that as he would be shooting himself in the leg

megawealth01:
If he had done that I for inject 25% of my networth into Oando but the Wale I know won't try that as he would be shooting himself in the leg

You can still do it on a short term basis and for speculation

emmanuelewumi:
You can still do it on a short term basis and for speculation

That would be suicidal and financial foolishness

I have my rules of engagement in gambles...

All I have left in Oando is a part of the profits Oando gave me in the gambles maybe 12% of the total gains from them which is a lot in itself...

I ain't greedy

Princkez:
also try to queue in 9.30am at the dot so you will be among top offers...

Thank you so much!

emmanuelewumi:
Effects of artificial pricing, sell at 10% below the market price you should be able to get buyers

Thank you so much.

I actually tried to do that, unfortunately I received an alert that I can't set a price below the lowest price currently offered by the other sellers.

Nataba:
Thank you so much.

I actually tried to do that, unfortunately I received an alert that I can't set a price below the lowest price currently offered by the other sellers.

Does not matter in a cross deal. Who is your stockbroker?

THE DEAL

Finally sealed.
Journey to 750 at first instance has commenced.


Some clauses in the OANDO publications are normal best practices where the said operation is mining.
No one knows 100% what the reserves are.
This is best practice in the whole world. Wale or not.

emmanuelewumi:
Does not matter in a cross deal. Who is your stockbroker?

MorganCapital

Seunn11:
THE DEAL

Finally sealed.
Journey to 750 at first instance has commenced.


Some clauses in the OANDO publications are normal best practices where the said operation is mining.
No one knows 100% what the reserves are.
This is best practice in the whole world. Wale or not.

No one knows 100% what the reserves are. This is best practice worldwide.


Yet you are 100% sure of the journey to N750.

emmanuelewumi:
No one knows 100% what the reserves are. This is best practice worldwide.


Yet you are 100% sure of the journey to N750.

No one knows for sure.
It is just an estimate.
It could be more than 1050 even.

DD advised

emmanuelewumi:
I just love this fine print, smart guys who don't want to be involved in any risk or litigation, but ready to corner the profits


1. There is no certainty that it will be commercially viable to produce any portion of the contingent resources.

2. There is no certainty that any portion of the prospective resources will be discovered. If discovered there is no certainty that it will be commercially viable to produce any portion of the resources.

Haba!!! These are industry standard way of reporting things nah. Please take a moment to read through bank prospectuses and financial statements to see how banks also protect themselves when they make projections.

As for the O&G sector, this is how it is worded all over the world. Forward looking statements are NOT a certainty and you don't provide probabilities IN FORWARD LOOKING STATEMENTS.

That said, let me explain what Oando released there:

Oando has released their Reserve estimates to the public. Seplat also did same. Please note it is usually a combination of 1P, 2P and 3P. Pretty sure it's mostly 1P and 2P. Fact!! You can look it up too.

Reserves are not individual company projections. They are certified estimates.  Internationally recognised and licensed bodies in the O&G industry provide these estimates based on data acquired from well exploration and appraisal activities. These are well known industry data. Neither Oando nor Seplat generated these reserves themselves. They can come up with their own in-house estimates but it won't be accepted across industry or by financial institutions.

Did you know Oando is in Joint venture with IOCs and FGN? They are reporting their own fraction of the internationally certified JV reserves.

When an oil well is appraised (oil was already discovered so they want to confirm quantities and flow rate), the outcome is that you book contingent resources. Further appraisal activities lead you to book Reserves.
Now see below classification of Reserves:

• 1P = Proved reserves with at least a 90% probability of being economically extracted.

• 2P = Proved + probable reserves with at least a 50% probability of being economically extracted.

• 3P = Proved + probable reserves with at least a 10% probability of being economically extracted.

For exploratory wells where you are still seeking to confirm that the field actually contains oil and gas, prospective resources are the numbers released. The well may well be dry but you can't confirm until you drill.

Now see below classification of Prospective resource estimates:

• 1U(P90) = The prospective resource estimate has been set with 90% confidence.

• 2U(P50) = The prospective resource estimate has been set with 50% confidence.

• 3U(P10) = The prospective resource estimate has been set with 10% confidence.
U means unrisked or not tested yet.

Contingent Resource sits in between Prospective resource and Reserve. Once well is drilled and oil and gas is found, you book Contingent resources meaning recoverable O&G has been found but they are not able to be pulled out of the ground economically. This status can change if there are no infrastructure or regulatory barriers to extraction AND after a successful flow test i.e oil flowed out of the ground at quantities or rates deemed commercial and at acceptable well decline rate.

Now see below classification of Contigent resources:
• 1C = The contingent resource estimate has been set with 90% confidence.

• 2C = The contingent resource estimate has been set with 50% confidence.

• 3C = The contingent resource estimate has been set with 10% confidence.

Below snips are for your reference too - Reserves classification and Seplat's FLSs

Disclaimer - This is an opinion based on company and industry facts. Everyone is encouraged to fact check them regardless. However, please do not make a buy or sell decision based on my posts. I'm not skilled enough to make SP projections. Just here to follow developments in listed companies.

emmanuelewumi:
No one knows 100% what the reserves are. This is best practice worldwide.


Yet you are 100% sure of the journey to N750.

Make them help me move it to $1 joor

Omooloriredade:
Haba!!! These are industry standard way of reporting things nah. Please take a moment to read through bank prospectuses and financial statements to see how banks also protect themselves when they make projections.

As for the O&G sector, this is how it is worded all over the world. Forward looking statements are NOT a certainty and you don't provide probabilities IN FORWARD LOOKING STATEMENTS.

That said, let me explain what Oando released there:

Oando has released their Reserve estimates to the public. Seplat also did same. Please note it is usually a combination of 1P, 2P and 3P. Pretty sure it's mostly 1P and 2P. Fact!! You can look it up too.

Reserves are not individual company projections. They are certified estimates.  Internationally recognised and licensed bodies in the O&G industry provide these estimates based on data acquired from well exploration and appraisal activities. These are well known industry data. Neither Oando nor Seplat generated these reserves themselves. They can come up with their own in-house estimates but it won't be accepted across industry or by financial institutions.

Did you know Oando is in Joint venture with IOCs and FGN? They are reporting their own fraction of the internationally certified JV reserves.

When an oil well is appraised (oil was already discovered so they want to confirm quantities and flow rate), the outcome is that you book contingent resources. Further appraisal activities lead you to book Reserves.
Now see below classification of Reserves:

• 1P = Proved reserves with at least a 90% probability of being economically extracted.

• 2P = Proved + probable reserves with at least a 50% probability of being economically extracted.

• 3P = Proved + probable reserves with at least a 10% probability of being economically extracted.

For exploratory wells where you are still seeking to confirm that the field actually contains oil and gas, prospective resources are the numbers released. The well may well be dry but you can't confirm until you drill.

Now see below classification of Prospective resource estimates:

• 1U(P90) = The prospective resource estimate has been set with 90% confidence.

• 2U(P50) = The prospective resource estimate has been set with 50% confidence.

• 3U(P10) = The prospective resource estimate has been set with 10% confidence.
U means unrisked or not tested yet.

Contingent Resource sits in between Prospective resource and Reserve. Once well is drilled and oil and gas is found, you book Contingent resources meaning recoverable O&G has been found but they are not able to be pulled out of the ground economically. This status can change if there are no infrastructure or regulatory barriers to extraction AND after a successful flow test i.e oil flowed out of the ground at quantities or rates deemed commercial and at acceptable well decline rate.

Now see below classification of Contigent resources:
• 1C = The contingent resource estimate has been set with 90% confidence.

• 2C = The contingent resource estimate has been set with 50% confidence.

• 3C = The contingent resource estimate has been set with 10% confidence.

Below snips are for your reference too - Reserves classification and Seplat's FLSs

Disclaimer - This is an opinion based on company and industry facts. Everyone is encouraged to fact check them regardless. However, please do not make a buy or sell decision based on my posts. I'm not skilled enough to make SP projections. Just here to follow developments in listed companies.

Una go explain tire... Just help me move it to dollars level. I won't wait for it to sell SEPLAT price before offloading all

Learn something

Wale Tinubu, Oando have no stake in OVH acquisition deal — NNPC clarifies  

https://nairametrics.com/2024/08/22/wale-tinubu-oando-have-no-stake-in-ovh-acquisition-deal-nnpc-clarifies/

megawealth01:
Wale Tinubu, Oando have no stake in OVH acquisition deal — NNPC clarifies  

https://nairametrics.com/2024/08/22/wale-tinubu-oando-have-no-stake-in-ovh-acquisition-deal-nnpc-clarifies/

Thanks for the clarification

SetrakusRa:
the thing tire me

any small negative opinion about O & O, everybody go bring out their cutlasses

Please, let's welcome all opinions about any stock. You're the CEO of your portfolio.

PS: I have a large holding in Oando. Fundamentally sound or not, cast or not, I'm holding until I get another 80% gain.

@Bolded
Fixed.👌

Omooloriredade:
Please look up the meaning of "stakeholders" first, then read the entire paragraph and you will understand why "stakeholders" was used. Not having a dig at you at all. Responding because of innuendos that could arise from this so don't take it personal

Looking to the future, we will continue to pursue strategic diversification opportunities within the broader energy sector that provide enhanced growth and value creation for our stakeholders, particularly in clean energy, agri-feedstock sector, as well as energy infrastructure and mining.

Oando is diversifying into certain sectors as part of their "clean energy" strategy in partnership with other organisations or governments. For example the CNG (compressed natural gas) buses being rolled out in Lagos. I encourage you to google CNG buses. You will find that the FGN also met with Innoson for the manufacture of CNG buses and they may also be looking to import some.

Agri-feedstock - Oando's role here is the provision of the gas required to produce fertiliser for use in the agric business. Look this one up as well. They claim to have substantially reduced their gas flaring as part of their Clean energy strategy instead harnessing that energy for power production.

Considering these projects are not being done in isolation but in partnership with other organisations, governments and agencies, STAKEHOLDERS was the most appropriate term to use.

Also, note that Oando's upstream assets are in JVs with different entities including the NNPC and IOCs. Being an operator in the upstream sector for such high-level entities is a big deal. The use of the word "stakeholders" was apt.

The Clean energy mantra is what all IOCs use now to attract capital. Some funds, banks, portfolios will not invest in projects that are not environment friendly.

Disclaimer - Please do your own research and don't take my posts as gospel.

Gracias for this exposition.

megawealth01:
Wale Tinubu, Oando have no stake in OVH acquisition deal — NNPC clarifies  

https://nairametrics.com/2024/08/22/wale-tinubu-oando-have-no-stake-in-ovh-acquisition-deal-nnpc-clarifies/

NNPCL,NNPCL I greet una!!!! Things will get clearer when mele kyari and co won't be in the picture.

[sub][/sub]

OANDO is diverting attention from TRANSCORP plc

https://nairametrics.com/2024/08/22/transcorp-plc-reports-strong-first-half-2024-results-stock-appears-undervalued/

Omooloriredade:
Haba!!! These are industry standard way of reporting things nah. Please take a moment to read through bank prospectuses and financial statements to see how banks also protect themselves when they make projections.

As for the O&G sector, this is how it is worded all over the world. Forward looking statements are NOT a certainty and you don't provide probabilities IN FORWARD LOOKING STATEMENTS.

That said, let me explain what Oando released there:

Oando has released their Reserve estimates to the public. Seplat also did same. Please note it is usually a combination of 1P, 2P and 3P. Pretty sure it's mostly 1P and 2P. Fact!! You can look it up too.

Reserves are not individual company projections. They are certified estimates.  Internationally recognised and licensed bodies in the O&G industry provide these estimates based on data acquired from well exploration and appraisal activities. These are well known industry data. Neither Oando nor Seplat generated these reserves themselves. They can come up with their own in-house estimates but it won't be accepted across industry or by financial institutions.

Did you know Oando is in Joint venture with IOCs and FGN? They are reporting their own fraction of the internationally certified JV reserves.

When an oil well is appraised (oil was already discovered so they want to confirm quantities and flow rate), the outcome is that you book contingent resources. Further appraisal activities lead you to book Reserves.
Now see below classification of Reserves:

• 1P = Proved reserves with at least a 90% probability of being economically extracted.

• 2P = Proved + probable reserves with at least a 50% probability of being economically extracted.

• 3P = Proved + probable reserves with at least a 10% probability of being economically extracted.

For exploratory wells where you are still seeking to confirm that the field actually contains oil and gas, prospective resources are the numbers released. The well may well be dry but you can't confirm until you drill.

Now see below classification of Prospective resource estimates:

• 1U(P90) = The prospective resource estimate has been set with 90% confidence.

• 2U(P50) = The prospective resource estimate has been set with 50% confidence.

• 3U(P10) = The prospective resource estimate has been set with 10% confidence.
U means unrisked or not tested yet.

Contingent Resource sits in between Prospective resource and Reserve. Once well is drilled and oil and gas is found, you book Contingent resources meaning recoverable O&G has been found but they are not able to be pulled out of the ground economically. This status can change if there are no infrastructure or regulatory barriers to extraction AND after a successful flow test i.e oil flowed out of the ground at quantities or rates deemed commercial and at acceptable well decline rate.

Now see below classification of Contigent resources:
• 1C = The contingent resource estimate has been set with 90% confidence.

• 2C = The contingent resource estimate has been set with 50% confidence.

• 3C = The contingent resource estimate has been set with 10% confidence.

Below snips are for your reference too - Reserves classification and Seplat's FLSs

Disclaimer - This is an opinion based on company and industry facts. Everyone is encouraged to fact check them regardless. However, please do not make a buy or sell decision based on my posts. I'm not skilled enough to make SP projections. Just here to follow developments in listed companies.

So what level of confidence are we looking at ? Is it 55% or 60%.

Like the one attached below

Bizibi:
NNPCL,NNPCL I greet una!!!! Things will get clearer when mele kyari and co won't be in the picture.

Omo it is only when this gov is done. Then they will be parading them like they paraded Emefile.

@Omooloriredade
Thanks for all these clarifications...
Pls I want to beg you to stop replying Oga Emma, there's nothing you can explain that he will accept or agree upon in as much as he's against a particular stock.....the more you explain, the more he comes up with other reasons to justify his claims....
Don't try to explain or convince anyone about any interpretations again!

* Anyone that has worked in Oil & Gas sector before, especially in Contracts department and an O&G lawyers, will easily understood all those statements and disclaimers when entering or signing Contracts/Sales/Purchases Agreements.
They are industry standards!

You've tried!
Pls let everyone suit himself or herself on this matter and believe what they want to believe.........While the Company continues to forge ahead.
No need going back and forth again.
Thanks.

https://www.nairaland.com/8192938/oando-plc-acquires-nigerian-agip

megawealth01:
You speculate tire... Sha help me move it to $1

Pls Mega, no need replying every post.
Most of these posts are becoming monotonous and boring because it's same thing being repeated all over!

I think we can pls talk about other stocks.........while OANDO faithfuls can peacefully be enjoying this new era and the new found love.......😊

Let them continue to argue while the O&O shares continues to appreciate in price and break new grounds.
Our own na to follow pot belles chop. 😁

https://doclib.ngxgroup.com/Financial_NewsDocs/42055_OANDO_PLC-OANDO_PRESS_RELEASE_CORPORATE_ACTIONS_AUGUST_2024.pdf

Extremely conservative forecast for September 2024. Always good to move in silence, under promise and over deliver.


Just need EPS of N2 in Q3 in order to achieve this

Stocks wey go create long-term wealth, no dey do drama, no dey stress you and no dey give you High Blood Pressure when contrary opinions are aired

Bagwa:
Ok

@Bagwa, thanks so much for the heads up.
May God bless you IJN. 🙌
Pls reply your mail.

yMcy56:
@Omooloriredade
Thanks for all these clarifications...
Pls I want to beg you to stop replying Oga Emma, there's nothing you can explain that he will accept or agree upon in as much as he's against a particular stock.....the more you explain, the more he comes up with other reasons to justify his claims....
Don't try to explain or convince anyone about any interpretations again!

* Anyone that has worked in Oil & Gas sector before, especially in Contracts department and an O&G lawyers, will easily understood all those statements and disclaimers when entering or signing Contracts/Sales/Purchases Agreements.
They are industry standards!


You've tried!
Pls let everyone suit himself or herself on this matter and believe what they want to believe.........While the Company continues to forge ahead.
No need going back and forth again.
Thanks.

So u don work for Oil and Gas Contract department before?

Keep an eye on United Capital. I just opened an account with their Microfinance Bank