₦airaland Forum

yMcy56:
OANDO
Moving gradually in market....
Is result around the corner?

twosquare:
Why are they making losses? Honest question.

Kobicove:
This guy is an alarmist, is it the 5% that will make the telecommunications sector shut down?!

Tpharell:
You are obviously late to the party. There was a lot of back and forth on this matter and that fellow kept grandstanding on the obviously wrong figures quoted by the thisday article. Don’t waste your energy trying to resurrect a dead horse

bastardson:
Since Oando has all of these challenges, why has the stock been rising sporadically since last year?

ositadima1:
You dey find my wahala. You dug out an old post, then you said the production would be 40,000 barrels. I reworked my spreadsheet with that data, but you shrugged it off as ThisDay propaganda.

I then pointed out that they have 1.2 billion barrels in the ground according to the same source you are quoting. So, now it's a mining problem to get to that 100,000 barrels, isn't it? It's either about increasing the rate of mining or the number of wells. It seems like you only want your opinion to be heard.

So what's the point of quoting my post? You don't even know why it was made in the first place.

You're the one who will be fine in the end.

ositadima1:
Ok, from the same Afrimex website: "“The joint venture, with significant oil and gas assets, including oil mining licenses 60, 61, 62 and 63, has produced 4.4 billion barrels of oil and 12 trillion cubic feet of natural gas to date, with 1.2 billion barrels of oil and 10.7 trillion cubic feet of natural gas remaining,” the bank said."

That 1.2 billion barrels is more than enough to pay off the cumulative loan of $950 million. In fact, even a small fraction is sufficient if we consider a conservative price of $60 per barrel, which would value the reserves at over $66 billion. PA Ema is looking for net asset value - is this real or just another hype by Afrimex?

Streetinvestor2:
ok thanks. That means 100,000 barrels is completely not possible from this two deal unless miracles happens with the wells.
Then at 50,000 if achieved can they make good money to pay off all this debt in reasonable yrs

ObalendeCMS:
Should take about 65 seconds before the wèrè will touch down.

I guess he smiled or probably laughed hysterically all through.

If to say he survived, dem suppose go throw am again from the top of the bridge!

Streetinvestor2:
Oga are you into this field. I want to understand why the minister is hoping for oando to do 100,000 in the future by revamping its production. Abi na another wale marketing.
This was whr my hope was hanging for wale to clear all this debt if they push to 100,000 by next yr

mikeapollo:
It is more like between Oando and SEPLAT. Currently, SEPLAT produces about 48,000 boepd while Oando produces about 40000 boepd excluding both Mobil/ENI acquisitions

Sunrisepebble:
I did my own valuation and got around 9-10k without consideration of the SPDC deal. This was back on NASD. Cardinal Stone see it as N1,200 (5trn market cap) which I feel is not accurate, the premium is too high compared to Seplat which is producing almost 3 or 4 times more

KarlTom:
I see ARADEL doing ₦2000 easily.
Likewise, I believe that SEPLAT will do a share split by/before Q1 2025.
OandO will do many things largely dependent on the results...

ositadima1:
So?

Streetinvestor2:
I don't know anything about oil production. I hard the minster saying he is expecting oando to do 100,000 by December.Are you saying it is not possible from those wells ever in the future. He said his target is for 2M barrel by yr end for the country.

Omooloriredade:
Good attempt but unfortunately GROSSLY inaccurate.

* Peak Oil production was not 100,000bbls/day. Should have been reported as 100,000BOE/day. Also, Peak production can't be used for forecasting.
* Based on point above re BOE, you can't multiply this figure by $76 (the price of oil).
* Gas production figure is wrong. Don't know where that came from. Oando produced c. 31,912,680 MMBtu of gas in 2023.
* Average realised price of gas in 2023 was about $2 per MMBtu. Note - Futures contracts are usually used hedge commodity price risk.
* Your annual revenue was therefore grossly overstated which throws off the rest of your calculations.

However, I commend you for this intellectual exercise.

Things to note:

Gas:
1000Scf = 1Mcf
1000Mcf = 1MMcf
1000MMcf = 1Bcf
1000Bcf = 1Tcf

BOE (Barrel of OIL Equivalent)
1BOE = 6000Scf or 6Mcf or 5.8MMBtu (approx 6MMBtu)

Oil
1BOE = 1bbl (basically oil quantity needs no conversion. Unlike gas and NGLs, what you get is what it is)

So when an Upstream company reports production numbers, they usually refer to BOE to capture Oil, Natural Gas and Natural Gas liquids. Also, you would often see Oil companies qualify an oil well or OML by the proportion of Oil it produces e.g OML ABC producing 70% Oil (that is the %
of oil in the BOE).

ositadima1:
So?

Tpharell:
I submit to you, rather authoritatively, that Oando is not doing anything near 100,000. They are averaging in the thirty something thousand range at the moment, targeting 40k in the immediate. I have already said and shown that your Thisday source piece is based on an erroneous foundation. Tell them to meet me in court about that!

ositadima1:
I take correction very well; that's how I learn. In this case, I clearly stated that my estimates are based on ThisDayLive inputs. I never claimed 100,000 barrels a day was the actual figure. So, I don't see what your correction was. If the figure is wrong, okay, but what I was more interested in were the other costs and whether they are in line. You started giving long explanations about BOE, barrels, and conversions, which are irrelevant to my post. One barrel is about 76 dollars, and the publication referred to barrels per day.

lildush:
Y? The hair looks good. And that is the truth.. you people are used to ghetto life. Seeing dirty and unkept children everyday. It have become normal to u. She may be 1 year old and don't need this for now. But as the mum can afford to do it for her. It's not bad. It's part of keeping clean.

iamoyindamola:
Una welcome to my world
My position doesn't justify my point level at all

Calibrator:
I have the third highest total points in Bongo Super Cup and I am last on the log.


Fixtures bad luck is a thing true true.


Core Objectives still remain the same : Get promoted to Nairaland FA Cup and don't lose again to Kirey Stars

Emaprince:
I bought son and took off palmer last game week...and from that week, palmer statted scoring and assisting. na wa o.

BadMaster:
Szoboszlai kicked the ball away even after he heard the whistle , yet Michael Oliver didn't give him a yellow card. This is the inconsistency we keep talking about.

Arsenal is the only team that has been booked this season for such, even when the ball was in a non-threatening position.

haftob:
Mail for Logistics came in yesterday evening

yMcy56:
If you dont mind picking some CWG.......
One director or so is busy offloading at the moment.......offloading which is highly likely connected to plans to meet the free float requirements of NGX......though they got the extension to meet up with the requirements by2026.

- Last quarter result came out great....
- Dividend payout and PAT increasing Y-O-Y.....
- In ICT sector .......
- OS 2.5bn .......out of which 82.70% of it are in the hands of substantial shareholders
- Remaining shares, less than 20% in the public (around 520M).

** Do your DD
I no Sabi book nor Sabi interprete result o.

** Also MTNN if you can get around the IPO price or below........that's if it gets there before reversing when ready to move.