₦airaland Forum

deomello:
1. Seplat is a marginal player with meager yearly revenue 3 times less than Oando's revenue

2. Seplat fell by 26 per cent year-on-year while Oando's revenue increased by 51%.

Oando is over 3 times larger than your village seplat that's currently falling off the radar with the catasrufic loss.


So, please tell us which is larger. Your village splat with meager $500 million revenue and major loss or Oando with $1.5 billion revenue and 51% revenue increase

Oando is not just an oil and gas company, their operations stretch beyond that and they have major subsidiaries like Central Horizon Gas Company, Gaslink Nigeria Limited and Gas Network Services Limited.


Seplat as a company and revenue sound shallow and meager just like you.

Obviously, you are the ignoramus so kindly find your level.

laudate:
You see, when someone like you keeps telling himself too many lies, he ends up falling into a pit, just like you have just done here. You couldn't find enough successful Igbo women to highlight, so you had to pick an Edo woman like Colette Okojie Omenai with 2 solid Edo names, and pretend to all and sundry that she is Igbo, so you could score cheap points? Didn't I say it earlier that you had no brains?

You also proved it by now claiming that Kogi indigenes are named Okojie, simply because Mercy Johnson the Kogi actress, who got married to an Edo man called Prince Odianosen Okojie, now bears Okojie as her marital name. I never associated Mercy Okojie (nee Johnson) "with Afonja, Benin or Esan and even sharing her name amongst the 3 tribe." You did that all by yourself. Now, what other clueless web of falsehood do you want to share, you custodian of many lies?

And the way you keep chanting Afonja, shows that those Yoruba people have cooked one strong 'juju for you that makes it impossible for you to behave normally, unless you have chanted their name at least a hundred times a day. Keep it up!

FKO81:
Oboy you are cr.o.o.k Oando with $1.5 billion revenue and 51% revenue increase. How did you arrive on $1.5 billion revenue in 2016 This is the real report Oando PLC Announces FYE 2016 Results, Posts N3.5 Billion Profit After Tax, EBITDA increased by 51%, N71.0 billion compared to N47.0 billion (FYE 2015)
http://www.oandoplc.com/press_release/oando-plc-announces-fye-2016-results

The firm said its revenue for the year suffered a 55 percent loss in 2016 to N63 billion versus N113 billion posted in the corresponding period of 2015.

Also, Seplat realised a gross profit of N16 billion in the period under review compared with N49 billion it made a year earlier, indicating a slump of about 71 percent.

In the same vein, the company’s net profit suffered a huge decline of 352 percent, resulting into a N45 billion loss in 2016 in contrast to N13 billion gain recorded 12 months before.


https://www.businesspost.ng/2017/04/01/seplat-declares-352-profit-loss-2016/

FKO81:
https://seplatpetroleum.com/about-us/our-board/
Dr. Ambrosie Bryant Chukwueloka OrjiakoChairman

A.B.C. Orjiako, a co-founder of Seplat, was appointed as a director on 14 December 2009 and as Chairman on 3 March 2010.

After obtaining an M.B.B.Ch. degree in 1985 from the College of Medical Sciences, University of Calabar, Nigeria, Dr Orjiako trained as a General Surgeon at the Lagos University Teaching Hospital, Lagos, and later sub-specialised in orthopaedic and trauma surgery and became a fellow of the West African College of Surgeons in 1996.

Whilst still practicing at the National Orthopaedic Hospital, Igbobi, Lagos, Dr Orjiako established and managed various companies in the upstream, downstream and services sectors of the oil and gas industry in Nigeria. These include Abbeycourt Trading Company Limited (with which he traded crude oil and refined petroleum products with, amongst others, Glencore UK Limited), Abbeycourt Energy Services Limited, Zebbra Energy Limited and Shebah Exploration and Production Company Limited. He also has other business interests in construction, real estate development, pharmaceuticals and shipping.

Dr Orjiako went into full-time business in 1996 after eleven years of active medical practice. He co-founded Seplat in 2009 and became the Chairman, spearheading new business development and fundraising as well as providing leadership on strategy and stakeholder relationships. He is also the chairman of Neimeth Pharmaceutical International plc, which is listed on the NSE, and a director of MPI, which is listed on NYSE Euronext Paris.

Consolidating his firm commitment to philanthropy, Dr Orjiako founded the Daniel Orjiako Memorial Foundation (‘‘DOMF’’) in 1996 in honour of his late father, Chief Daniel O. Orjiako. The DOMF is committed to breaking the poverty cycle in rural Nigerian communities through education, healthcare services and economic empowerment through agriculture. The DOMF runs scholarship schemes for indigent students across the spectrum of education in Nigeria and has to date assisted towards the education of over 10,000 pupils in primary schools, over 200 in science education in post-primary schools and over 200 university graduates especially in medicine, engineering, pharmacy and geology. The DOMF also provides free care services to the elderly and micro-credits to rural farmers, particularly rural women. He further supports education and medical research through an endowment of a professorial chair in orthopaedics and trauma at the University of Calabar, Nigeria.

Between 2004 and 2006, Dr Orjiako attended Harvard Business School’s Owner’s and President’s Management Course and obtained a Certificate in Business Management in 2006.

In recognition of his services to humanity and the Roman Catholic church, Pope John Paul II in 2003 bestowed on him a Knighthood of the Order of St. Gregory the Great (KSGG), an award which earned him the title ‘‘Sir’’. In addition to receiving a KSGG from Pope John Paul II in 2003, he has also received numerous other awards including the Paul Harris Fellow of Rotary International for Philanthropy, Distinguished Alumnus Award and Doctor of Sciences (D.Sc. Honoris Causa) by the University of Calabar, Nigeria (2001), Doctor of Business Administration (DBA Honoris Causa) for entrepreneurship, Anambra State University, Nigeria (2006), Life Member National Association of Resident Doctors of Nigeria which he led in 1994/95 and Platinum Award of the West African College of Surgeons for Support of Medical Research and Training. In 2012, the President of Nigeria conferred on him National Honours as an Officer of the Federal Republic (‘‘OFR’’)


Abbeycourt Energy is focused on procurement, fabrication, installation and maintenance of production system operating assets with highly skilled teams, to optimise performance and to maximise profitability in a safe and forward looking manner.
read more
http://abbeycourtenergyservices.com/

ABC Orjiakor is also the chairman of Neimeth Pharmaceutical International plc, which is listed on the NSE, and a director of MPI, which is listed on NYSE and Euronext Paris.
Afonjas Igbos are not your mate

Striking FY 16 Loss: Is Seplat Plc Off The Hook? Sell Recommendation



We value Seplat’s Oil business at $1.72 per share and Gas business at $0.38 per share, having applied risked valuation methodology for contingent resources. The foregoing, combined with our exchange rate forecast of N360/$ for 2017, drives our FVE 21% higher to N346 (previously N285). Our FVE is at a 13% discount to last closing price of N396.

We have a SELL rating on the stock.

https://www.proshareng.com/news/Investors-NewsBeat/Striking-FY-16-Loss--Is-Seplat-Plc-Off-T/34320

deomello:
https://debtrescue.co.za/blog/wp-content/uploads/2017/04/proshare-logo.jpg








You see the red highlight?



It means the word out there on the street is sell your stock in this company because this company is rubbish

deomello:

deomello:
[s][/s]




Rubbish.

He is a poor and lousy business manager.


He lost 352% in 1 single year and his total revenue was N63 billion while Oando earned N569 billion

raker300:
new account to troll igbos?

Mehn, you have a serious problem and you need help.

Shameless troll

deomello:
.[/b]

Doublecheck:
You are not just suffering from Down syndrome, your brain also suffers from the same deficiency. I know it hurts to be an Afonja pray to be Igbo in your next life. Scratched faced show us your facial balance.

In English language it is common to see phrases like "facial expression" however with Afonjas the normal phrase will be "facial balance"

FKO81:
Ignoramus another Igbo oil firm that will give you heart attack


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr

.....Its CEO and Vice Chairman Benedict Peters said the company grew production from 25kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year.

Read more at: http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/

laudate:
Who told you Benedict Peters was Igbo? Can you supply proof in this regard?

lovere:
https://en.wikipedia.org/wiki/Benedict_Peters

Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker.[7] He attended Ekulu Primary School, Enugu; and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning

laudate:
Who told you Benedict Peters was Igbo? Can you supply proof in this regard?

lovere:
on a second note i think you should grow up and stop this online hate. why dissipating your time and energy on tribal hates?

FKO81:
Ignoramus another Igbo oil firm that will give you heart attack


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr

Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the just-concluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate

Its CEO and Vice Chairman Benedict Peters said the company grew production from 25kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year. He also highlighted several existing and developing projects that could potentially grow Aiteo’s asset production to over 150 kbopd and 200mmscf/d. He said: “Our outlook is bright with 3 producing oil fields and viable crude exports via Bonny terminal. We also have contingent resources to appraise and prospective ones to explore in the medium-to-long term, including full 3D coverage and 2P NNS reserves at 1.6bn bbl. Put simply, we have a clear vision for the future with the experience and assets crucial to providing oil and gas consistently on a regional and global scale.” Aiteo’s ambitious five-year objectives include tackling the power challenges in Nigeria head-on through its legacy investments in the gas-to-power value chain. “This is a testament to our commitment to the transformation of the entire oil & gas value chain into a world-class landscape,” Peters added. The company’s main subsidiary Aiteo Eastern E&P is also a major infrastructure provider for Nigeria’s oil industry as the operator of the 97km Nembe Creek Trunk Line, an industry-wide evacuation pipeline for produced fluids covering much of the country’s Eastern Delta region. Aiteo’s Group Managing Director Mr. Chike Onyejekwe said: “Our growth drivers remain strong leadership, high commitment and motivation, technical and commercial excellence and superior asset base. In the next five years, our operations will continue to be guided by these qualities as we leverage our capabilities comparable to oil majors elsewhere in the world. Indeed, the future is Aiteo.” In the interim, Aiteo says it is developing a pipeline of power generation projects across Nigeria. The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long.

Read more at: http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/

FKO81:
Ignoramus another Igbo oil firm that will give you heart attack


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr

Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the just-concluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate

Its CEO and Vice Chairman Benedict Peters said the company grew production from 25kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year. He also highlighted several existing and developing projects that could potentially grow Aiteo’s asset production to over 150 kbopd and 200mmscf/d. He said: “Our outlook is bright with 3 producing oil fields and viable crude exports via Bonny terminal. We also have contingent resources to appraise and prospective ones to explore in the medium-to-long term, including full 3D coverage and 2P NNS reserves at 1.6bn bbl. Put simply, we have a clear vision for the future with the experience and assets crucial to providing oil and gas consistently on a regional and global scale.” Aiteo’s ambitious five-year objectives include tackling the power challenges in Nigeria head-on through its legacy investments in the gas-to-power value chain. “This is a testament to our commitment to the transformation of the entire oil & gas value chain into a world-class landscape,” Peters added. The company’s main subsidiary Aiteo Eastern E&P is also a major infrastructure provider for Nigeria’s oil industry as the operator of the 97km Nembe Creek Trunk Line, an industry-wide evacuation pipeline for produced fluids covering much of the country’s Eastern Delta region. Aiteo’s Group Managing Director Mr. Chike Onyejekwe said: “Our growth drivers remain strong leadership, high commitment and motivation, technical and commercial excellence and superior asset base. In the next five years, our operations will continue to be guided by these qualities as we leverage our capabilities comparable to oil majors elsewhere in the world. Indeed, the future is Aiteo.” In the interim, Aiteo says it is developing a pipeline of power generation projects across Nigeria. The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long.

Read more at: http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/

FKO81:
LAGOS, June 8 2017 (Reuters) - Nigerian stocks extended gains to hit a new 23-month high on Thursday as the reopening of the Forcados crude oil terminal helped to boost confidence in the country's largest local oil exploration company.

Royal Dutch Shell lifted force majeure on exports of Nigeria's Forcados crude oil on Wednesday, bringing all of the West African country's oil exports fully online for the first time in 16 months.

Shares in Seplat, the indigenous oil and gas company with the largest capitalisation, gained 10 percent on Thursday.

The company, in a statement to the Nigerian stock exchange, said the lifting of the force majeure helped it to successfully reinstate gross production at OMLs 4, 38 and 41, to levels last seen before the terminal's closure.

Gains in banking stocks and food sector also helped to sustain the rally in the market.

The index rose 0.77 percent by the close of trading to 32,937 points. The bourse had gained more than 21.63 percent year-to-date.

The banking index, which had fallen for the past two consecutive days, rebounded, rising 2.49 percent to outperform the overall market index.

Dangote Flour, chocolate maker Cadbury and fuel retailing firm Forte Oil all gained 10 percent each to help push up the index. (Reporting by Oludare Mayowa; Editing by Alexis Akwagyiram and Tom Heneghan)
http://www.reuters.com/article/nigeria-stocks-idUSL8N1J54D2

lovere:
https://en.wikipedia.org/wiki/Benedict_Peters

Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker.[7] He attended Ekulu Primary School, Enugu; and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning

julietm123:
whats your problem? Are you sick or it's just inferiority complex? I haven't even visited the yorubads counter thread to know what's going on there but you this fo...li...h afonja brownroofer you are here blocking my view. Pest.

deomello:
[s][/s]




[s]The man is not from Delta and was never born in any abakalaiki rubbish.


Wiki is not a good and absolute source of info so try again with a credible source.[/s]

you really have time. stop hating before it kills you.

Develpeast:
Rosemont Group Capital Partners. Freddie Achom MD/CEO

Freddie Achom Invests in Pakistani Customer Services Tech Startup along with Sunbridge and Telefonica.

Vivid Technologies, a Pakistani originated tech startup earlier this year made a low-key announcement of the closure of their seed-stage funding round. With some high powered astute investors listed in the announcement, consisting of Sunbridge Ventures, Telefonica, Conrad Labs and Rosemont Group Capital Partners, the company is set to revolutionise the customer service industry.

(Photo: http://photos.prnewswire.com/prnh/20151029/281726 )
Vivid has been gaining recognition on both sides of the hemisphere, having previously been incubated at Plan9 and accelerated at LUMS Center for Entrepreneurship, before joining Microsoft Ventures London and BlackBox Connect (sponsored by Google) USA accelerator programmes.

The company aims to drastically reduce customers' waiting time by putting customer service calls into an app. It has introduced a new innovative cloud-based technology, adapting the traditional customer service IVR (Interactive Voice Response) systems into an interactive, visual and touch experience, completely transforming the user experience.

After successful pilots, the company is satisfied that the technology improves the customer service experience by making it more visual and much more simplified via smart devices.

Freddie Achom, Managing Director of Rosemont Group Capital Partners says, "we have held back from announcing the investment until the pilots were successfully concluded but since hearing of Vivid and meeting with Omer, we have been totally behind the company because this is a very real and exciting attempt to disrupt a sector that is in much need of it. We have all experienced the long frustrating waiting times when attempting to contact companies and service providers. Not only will Vivid benefit the customer but likewise the in-coming call centers and businesses as they can improve customer satisfaction along with call-center productivity. Not only does this solution reduce customer waiting time ten fold, but it also decreases traffic for incoming call centers by approximately 35 percent."

The technology will also make customer service more multimedia oriented, as users are able to send in pictures or a sound clip of the issue that's causing them to call the company's helpline. Thus helping the customer service representative give better assistance and not be so reliant on customers having to describe their issues. There will still be someone to talk to - and, indeed, there will still be waiting times to speak to agents - but the idea is that less time will be spent in customer services limbo or void, hanging on the line.

Omer Khan, Vivid Technologies' founder and CEO expressed his excitement at the closure of the round, "I just want to keep reminding ourselves that entrepreneurship is not about the size of the round but actually to be able to create something of value, something really significant. The idea that 'we can do better' just got real. Personally, I am humbled by this validation and the trust of our investors and partners."

First founded in Pakistan but now headquartered in London, the company also has plans to expand its B2B services, by offering options of value-added services for corporate clients, as well as multimedia content that users can engage with while waiting to be connected to call center agents. Chat room applications, company information, music, games, and videos are just to name a few. Vivid hopes to be the app that saves us all from those horrid 10 to 20 minutes holding on the phone or staring at the speaking phone in frustration!

Rosemont Group Capital Partners is an early stage venture capitalist firm co-founded in 2003 by British entrepreneur and venture investor Freddie Achom. It's portfolio is as wide ranging as digital technology, bio technology, solar technology, financial services, land and property development to more high profile ventures in the entertainment sectors. Rosemont Group is headquartered in London with international offices in New York and Mumbai.