NewStats: 3,263,878 , 8,181,711 topics. Date: Sunday, 08 June 2025 at 01:39 PM 5c432

essentialone:
https://stockbubbles.com.ng/ is not working today

Back on, just now

Streetinvestor2:
The board meeting held that is why we saw unaudited results. The board meeting must not be about share redistribution. The main thing was results.

The share redistribution was stated as part of their agenda for deliberation during the board meeting. This was stated in their corporate disclosure informing of the board meeting, so it only goes without saying that another disclosure should by now be out with resolutions. Other companies do that everytime, i wonder why Oando should be excused

yMcy56:

If the Board did not sit, I don't think they would have released the Q4 Unaudited in the first place.

Board Meeting outcome is supposed to have been out but maybe it's experiencing some delays due to the bonus issue.
It's still within normal timeframe since AUDITED is yet to be released.
No rule was violated as yet.

Anyone investing in OANDO should do so because of the enormous future potentials and not primarily because of share distribution........my amateur advice I think.

Its good corporate practice as well as transparency to inform the NGX and investing public about board resolutions, and we see others do that every time with corporate disclosures

GeeKudi:
The share redistribution will likely come with the FY24 Audited report. So, a lot of patience is still needed.

If the board meeting held as scheduled the resolutions should be on the NGX by now

Does anyone here have an idea if the Oando board meeting held and what the decisions/outcome are?

Please, why does it seem like the Meristem meritrade platform is not live anymore. You place an order and it takes more than 5 minutes to appear. Is anyone else experiencing similar delays?

Sunrisepebble:
The savior should come o . Waiting for bus stop 7k to condense my paper profit

Offloaded some this morning at N6,300. Those orders lining up appear to be those who came late to the mobil deal sign off party.

Mpeace:
I was actually being modest when I said it should double seplat oil output by 100%. Most reports I read actually have higher estimate. The asset is not idle it has been productive but not at the level it should. Pls DYOR

But at the end, only time will tell

You just confirmed that you believe there is a switch somewhere that the minister, regulator (NUPRC) and other government voices can flip to achieve whatever production numbers they desire.
Seplat itself has on several fora shown presentations to shareholders and stakeholders that say not more than 30% is what Mobil is bringing. The potentials for future production growth are endless

Sunrisepebble:
Are you sure about that 30% figure? The output from the Mobil asset currently is underperforming due to their lack of investment there obviously with the sale

That is why i said “there is the potential of increasing production by strategic decisions and interventions of the new operator”. But as it stands today what Mobil is adding to Seplat is not more than 30% production. But you are right that the asset is underperforming due to Mobil holding back on investments due to it’s plan to sell off

GeeKudi:


who will buy the 100k unit single deal?

I doubt he is or has been in Seplat long enough as some of us to understand the liquidity issue. Without any news pushing it Seplat remains on offer for weeks on end, sometimes doing less than a thousand shares a day. It does get that bad, i can testify

Mpeace:
He only need to supply 100k units a day at day's high. Thats all we need. He doesn't need to sell at loss. Seplat has a very bright future.
Do you know that this deal alone basically increases seplat oil output by 100% with potential of another 200% increase upon minimal investment(if the minister's words are anything to go by.

You can believe the minister if you reckon there is a switch somewhere to flip to achieve desired output numbers. Mobil is adding about 30% to Seplat’s production not 100%, but of course there is the potential of increasing production by strategic decisions and interventions of the new operator.
If you look carefully at the circumstances of that huge transaction, it appears to be someone cashing in on a quick opportunity to make guaranteed 10% or more immediately, not money intended to stay long in Seplat, but then again I could be wrong. And even at 100,000 daily offer they could struggle to ofload especially now that the momentum will likely slow down being that the deal is officially sealed.

KarlTom:
Whoever did that cross deal of 2,032,227 units of SEPLAT just made over 1.78BILLION naira paper profit (less charges)

Yes you read that right...

The problem with such outrageous deal is the person will probably/likely be back today or soon to convert the paper profit to cash before the momentum slows down, which could force Seplat into high or even full offer soon

Mpeace:
I hope q3 seplat result will not be affected by this approval.

How do you mean?

Seplat’s “divine intervention” came early this time around

megawealth01:


My SEPLAT

Just dipped, marginally

What you have today as Seplat’s production figure is that of the asset they currently operate in their JV with NNPC. Upon completion of mobil acquisition they will add about 30% additional production from mobil to their figures, so reported production figures for Seplat will increase after the acquisition is sealed

Let’s understand that the Agip acquisition does not bring in additional production figures, as Oando was already there in the asset before the acquisition and taking over the operatorship.

Oando, Agip & NNPCL were in the JV and reported production was for the asset comprising all 3 of them. So Oando taking up Agip’s 20% stake does not add anything to the JV production.

What is happening is that Oando the new operator is making strategic decisions and operational interventions to boost the production

BabsO2:


If Oando produces 100,000 b/d oil for JV it’s share of production is only 40%. I think the minister is talking JV and not Oando’s 40%

This is a misinformation i have observed here. The quoted oando production figures are for the JV not just Oando’s stake. The Eni deal is not adding anything to the asset’s production, apart from the new operator taking some bold decisions and making strategic interventions to boost production.

Seplat is different in that there is about 30% additional production that the mobil acquisition will bring onboard, even without any strategic moves or interventions to boost production.

People need to understand this difference.

Trojan8:


You expect me to believe ThisDay over FY'23 and FY'22 actually numbers. When I get home and I settle down, I'll drop a link to the breakdown from Oando.

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

Streetinvestor2:
I don't know anything about oil production. I heard 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.

If you believe the minister has a switch in his office that he can flip to achieve that, then yes!

Sunrisepebble:
I don’t think that Oando figure is correct. It’s around 20kboepd. Seplat is by far the baba in the game.

Hovering 28-30k actually, in the past week. And that figure already s for the Agip acquisition, unlike Seplat whose current production figure is only of its current operated asset. Mobil is set to bring in about 30% additional production and more in oil and gas reserves.

Seplat is by no means in the same class as Oando in of production

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

Seplat production is the asset they currently operate. Mobil asset production to be added when deal is sealed. Oando production on the other hand already s for Agip acquisition as it is the same asset

Whole state governors are converting their allocations to USD, even the CBN alluded to that, but delusional people believe that somehow, the naira will ‘miraculously’ recover based on some textbook theory they read about in school.

The thing about delusion is it keeps you perpetually waiting for something that will never come. Never! And it prevents you from being realistic enough to see the obvious

ositadima1:


Give it time; the price will come down as the exchange rate drops, Shebi one analyst said that 1,000 naira per dollar is the the sweet spot , Also, the pressure on dollar reserves will ease, and hopefully, crude production will increase to offset the dollar lost by selling part of it in naira. I believe in the next six months to a year, we will see the naira appreciate.

This sounds like the typical Nigerian delusion!

Many of Nigeria’s delusional optimist analysts & commentators pegged dollar fair value at about N800 and many argued that local refining will reduce petrol price. Today we know better.

Even the talk of reduced pressure on fx will likely not materialize, and there will still be petrol scarcity with queues every now and then, like when Lokoja gets completely flooded and tankers cannot move across.

You truly don’t appreciate how messed up the Nigerian system is, such that those ideals simply cannot apply.

Let’s just celebrate the sentimental value that comes with ‘refining our crude ourselves’ and watch what transpires

Agbalowomeri:


The argument is to allow free market. With good competition, price can trend downwards if international crude prices crash

And when the price of crude falls considerably it provides the government with the right excuse to defend its failures. Its a zero sum game for the Nigerian masses, as either way they are losers in the gaame

Seplat has applied break for those interested in jumping in

jonnysessy:



This is massive. When I checked the prices of these stocks mentioned. I refrain from going for them because I wonder how many units i will be able to acquire. But when I grow up, I would like to be like you.

I always wonder when i hear such comment.

If N5,000 buys one unit of Seplat, that same amount buys 100 units of Dangote sugar at N50 per unit. When both stocks rise or fall by 10% they make the same monetary gain or loss, or am I missing something?
It creates the impression that some people just prefer penny stocks so their portfolio numbers can be in tens of millions of shares

Mpeace:
Contrary to what some thought, the Isreali Iranian conflict is actually causing a rise in oil prices.

That is actually the usual trend. Anything to the contrary would have been rather surprising

yMcy56:
SEPLAT
Moved with +10% !
Up with N451.30!!
Price now @N4,964.30!!!

All those chopping SEPLAT loot, be preparing to do Christmas giveaway this year.....😁

The masquerade must be doing press up by now. 😁

Tpharell:
Seplat on the verge again, waiting for ‘divine intervention’

The ‘divine intervention’ came quickly!

ositadima1:


So, you don't get it yet. For all we know, the breakdown may be grossly inaccurate (to borrow his language). The post said barrels per day, so what's the point of the breakdown, which is itself still an estimation?

If the inputs are wrong, then correct the posts. If my calculation is wrong, correct my calculations. This is my last post on this topic with you. If you don't get it, so be it.

Soyanara!