oando

[hispy99]

Oando falls to week-low on share sale, borrowings

Oando will secure a loan of $800 million from a consortium of banks, the Lagos-based company said. The share sale will run from Dec. 28 to Feb. 6, it said.

[manemi]

Oando to Acquire ConocoPhillips’ Nigerian Assets for $1.79bn, Articles | THISDAY LIVE

"Nigerian indigenous energy group, Oando Plc, has stated that its affiliate Oando Energy Resources (OER) has entered into agreements with ConocoPhillips (COP) to acquire its entire business interests in Nigeria for a total cash consideration of $1.79 billion plus customary adjustments."

This OER is the affiliate registered in Canada exchange. How will this affect the share price here in Nigeria?

[emmanuel ewumi]

Originally Posted by knightofdelta

It is an indirect announcement. The convertible bond is no longer convertible.

I agree with you.

[emmanuel ewumi]

What have they done with the previous fund raising exercise.

[chudinho]

Originally Posted by emmanuel ewumi

What have they done with the previous fund raising exercise.

They acquired four rigs, developed some Wells, explored some fields and chop the rest.

[chudinho]

Originally Posted by manemi

Oando to Acquire ConocoPhillips’ Nigerian Assets for $1.79bn, Articles | THISDAY LIVE

"Nigerian indigenous energy group, Oando Plc, has stated that its affiliate Oando Energy Resources (OER) has entered into agreements with ConocoPhillips (COP) to acquire its entire business interests in Nigeria for a total cash consideration of $1.79 billion plus customary adjustments."

This OER is the affiliate registered in Canada exchange. How will this affect the share price here in Nigeria?

Affiliate ke? When Oando Plc own 94.6% of Oando Energy Recourses. Na the same Oando you know dey Toronto Exchange.

[wanaj0]

Originally Posted by chudinho

Affiliate ke? When Oando Plc own 94.6% of Oando Energy Recourses. Na the same Oando you know dey Toronto Exchange.

With OandO you are never sure. Will not be surprised if one day we suddenly discover that shareholders of OandO have no stake in OER!

[dr dowell]

Originally Posted by wanaj0

With OandO you are never sure. Will not be surprised if one day we suddenly discover that shareholders of OandO have no stake in OER!

A lot of things about OandO is shrouded in manipulation and fraudulent intentions. I pity anyone that invest hard earned money there. It is only good for kalokalo. I thought they have learnt lesson. but it appears they are unrepented

[FO&T]

Oando rated 'buy' with about 100% returns EASYKOBO - Helping you make better investment decisions on the Nigerian Stock Exchange

[Salida]

Originally Posted by hispy99

RIGZONE - Calgary Oil Explorer to Acquire Conoco Assets in Nigeria for $1.79 Billion

Oando Energy Resources Signs Agreements To Acquire ConocoPhillips Nigerian Assets For $1.79Billion - Proshare

[dr.abrahamb]

Originally Posted by Salida

Oando Energy Resources Signs Agreements To Acquire ConocoPhillips Nigerian Assets For $1.79Billion - Proshare

Hmmmmm...

[dr.abrahamb]

Originally Posted by wanaj0

With OandO you are never sure. Will not be surprised if one day we suddenly discover that shareholders of OandO have no stake in OER!

My brother, that OER thing be like the more you look the less you see. With the reverse acquisition to enable listing on TSX, who now owns OER? No investor should buy Oando because of this new deal with Conoco-Phillips unless you are very sure who owns OER. I no fit shout O.

[dr.abrahamb]

Originally Posted by chudinho

Affiliate ke? When Oando Plc own 94.6% of Oando Energy Recourses. Na the same Oando you know dey Toronto Exchange.

Them know why them use the word affiliate Oooo. Abi you come think say Oando use only 5.4% of OER for the reverse acquisition that enabled them list on the TSX?

[baotoghile]

Originally Posted by Salida

Oando Energy Resources Signs Agreements To Acquire ConocoPhillips Nigerian Assets For $1.79Billion - Proshare

Is it that the pib might have been seen to favor the locals, hence the selling of assets by the foreign operator to oando?

[AbsoluT]

Attached FYI

Not a fan of this stock ! ! Zero holdings for now
Also Merry Xmas guys
Best forum ever

[Salida]

Originally Posted by AbsoluT

Attached FYI

Not a fan of this stock ! ! Zero holdings for now
Also Merry Xmas guys
Best forum ever

This deal can either make or mar this company. Only time will tell.

High Points

1. The Company has paid a $435 MM cash deposit to Conoco, financed by a $345 MM loan from the Company’s parent, Oando Plc, as well as a $90 MM loan funded through secured bridge loans guaranteed by Oando Plc. The $345 MM loan from the parent has a 120-day term, an annual interest rate of LIBOR plus 10.5% and is convertible into company shares at the lower of the 5-day VWAP from December 20 and the 5-day VWAP preceding the day that Oando Plc gives notice that it wishes to convert the loan into company shares.

Q: Was the loan from Ocean and Oil or Oando PLC ?

2. In addition to the $435 MM deposit paid upon signing, the Company expects the remainder of the purchase price to be funded through equity and debt, including private placements of equity-linked securities, a follow-on offering of company shares and $800 MM of senior secured loans that are
expected to be provided by a syndicate of international and Nigerian banks.
Management will target a 50/50 debt to equity split for the acquisition over time, dependent on market conditions.

Q: How prepared is Oando for this escalating debt profile if Sir KOD and his boys decide to resume hostilities in the creeks and/or the global oil prices suddenly plunge to record low prices?
Please when the loans are secured, make we know the Nigerian banks involved.

[dr.abrahamb]

Originally Posted by Salida

This deal can either make or mar this company. Only time will tell.

High Points

1. The Company has paid a $435 MM cash deposit to Conoco, financed by a $345 MM loan from the Company’s parent, Oando Plc, as well as a $90 MM loan funded through secured bridge loans guaranteed by Oando Plc. The $345 MM loan from the parent has a 120-day term, an annual interest rate of LIBOR plus 10.5% and is convertible into company shares at the lower of the 5-day VWAP from December 20 and the 5-day VWAP preceding the day that Oando Plc gives notice that it wishes to convert the loan into company shares.

Q: Was the loan from Ocean and Oil or Oando PLC ?

2. In addition to the $435 MM deposit paid upon signing, the Company expects the remainder of the purchase price to be funded through equity and debt, including private placements of equity-linked securities, a follow-on offering of company shares and $800 MM of senior secured loans that are
expected to be provided by a syndicate of international and Nigerian banks.
Management will target a 50/50 debt to equity split for the acquisition over time, dependent on market conditions.

Q: How prepared is Oando for this escalating debt profile if Sir KOD and his boys decide to resume hostilities in the creeks and/or the global oil prices suddenly plunge to record low prices?
Please when the loans are secured, make we know the Nigerian banks involved.

Oga Salida merry Christmas O. These your questions na eye-opener O. These OAO guys don secure their side for that reverse acquisition deal tey tey. Na investors money na him dem wan take gamble now. Rights ko, rights ni.

[Babs_O]

Originally Posted by dr.abrahamb

Them know why them use the word affiliate Oooo. Abi you come think say Oando use only 5.4% of OER for the reverse acquisition that enabled them list on the TSX?

After experiencing what has happened over the years in NSE. STERLING especially. I am wary ownership structure is not as published in their report especially with all the debts. Very soon it may be made clear that a particular PPP debt was used to fund OER or XYZ and indeed PPP own most of OER or XYX. I regret entering the stock at N20 a year ago betting Oando will pay a dividend during 2012 as they have been consistent on dividends.

[wanaj0]

Originally Posted by chudinho

Affiliate ke? When Oando Plc own 94.6% of Oando Energy Recourses. Na the same Oando you know dey Toronto Exchange.

OandO will own 78% after converting $400m loan or thereabout into shares! So how much is OandO owning now? Who are the other major shareholders? How much did they pay? Why is OandO converting at $1.59 per share? Why is OandO plc the one getting and guaranteeing the loan for this transaction?

Interesting days ahead!

[Salida]

Originally Posted by dr.abrahamb

Oga Salida merry Christmas O. These your questions na eye-opener O. These OAO guys don secure their side for that reverse acquisition deal tey tey. Na investors money na him dem wan take gamble now. Rights ko, rights ni.

Merry Christmas Sir Dr.abrahamb. AMCON needs to tighten their belt too.

Originally Posted by wanaj0

OandO will own 78% after converting $400m loan or thereabout into shares! So how much is OandO owning now? Who are the other major shareholders? How much did they pay? Why is OandO converting at $1.59 per share? Why is OandO plc the one getting and guaranteeing the loan for this transaction?

Interesting days ahead!

Sir Wanaj0, this your post is loaded o but make we try to distinguish OandO and Oando cos some people might be confused.

Have you got your units in OandO now ?