Allied Energy

[hispy99]

The Punch :: Allied Energy plans NSE listing

[muranay@yahoo.com]

How soon and at what price do they want to list?

Well let them go and test their might on NSE in the prevailing circumstance so that the price will be reduced before they come for IPO.

[solainvest]

The Sun News Online | Money

[panej]

How has the security problem in the Niger Delta affected Allied Energy's operations and revenue by way of lost productivity and cost of providing security for workforce? Just curious...

[hispy99]

http://www.guardiannewsngr.com/energ...s public offer

[jacobtt]

Originally Posted by panej

How has the security problem in the Niger Delta affected Allied Energy's operations and revenue by way of lost productivity and cost of providing security for workforce? Just curious...

Allied Energy in Nigeria is tied to Nigerian Agip Exploration. Kase Lawal's Man Friday is one Femi Akinmade who was the former General Manager of Nigerian Agip exploration (NAE) as it is popularly called. NAE is the offshore arm of Eni in Nigeria, they are running a PSC with several other multinationals while NAOC is the mother company. Several other multinationals are partners but the big question is why is SNEPCO (shell) pulling out, though its a tough call for Shell and the italians to do bussiness or maybe shell is being frustrated out for Kase and Femi to get hands into upstream operations by using
Allied Energy. By and large it will be good to invest into Allied Energy if they will ensure good ethics and open accounting, Kase's son is the chief accounting officer in CAMAC.......its a long story . But know that the oil industry is run by cartels and mafias.

[citizen]

Hello guys. This is the public offer you guys cannot miss. Sell all the junk shares you all have now in all those overvalued( JP Morgan Report ) Banks and by this upstream oil company insured by kase lawal (the 2nd richest black man in america).

[hispy99]

http://www.punchng.com/article_add_c...08092713114284

[bivins1]

Originally Posted by jacobtt

Allied Energy in Nigeria is tied to Nigerian Agip Exploration. Kase Lawal's Man Friday is one Femi Akinmade who was the former General Manager of Nigerian Agip exploration (NAE) as it is popularly called. NAE is the offshore arm of Eni in Nigeria, they are running a PSC with several other multinationals while NAOC is the mother company. Several other multinationals are partners but the big question is why is SNEPCO (shell) pulling out, though its a tough call for Shell and the italians to do bussiness or maybe shell is being frustrated out for Kase and Femi to get hands into upstream operations by using
Allied Energy. By and large it will be good to invest into Allied Energy if they will ensure good ethics and open accounting, Kase's son is the chief accounting officer in CAMAC.......its a long story . But know that the oil industry is run by cartels and mafias.

Good insight jacob but whats your take on this. i see oando is going to be their main competitor in this offshore drilling. I worked with AGIP before and I know Akinmade. do you think this guys are up to it?

[knightofdelta]

I am usually skeptical when I see all these media attention to a particular company. They may have something in store but I will like to see their prospectus, go through their financials, have a feel about their business philosophy and if possible have a little chat with their management before giving a full veto to a media hyped company. Allied Energy may be a good company but let us see their financials first.

[bivins1]

Originally Posted by knightofdelta

I am usually skeptical when I see all these media attention to a particular company. They may have something in store but I will like to see their prospectus, go through their financials, have a feel about their business philosophy and if possible have a little chat with their management before giving a full veto to a media hyped company. Allied Energy may be a good company but let us see their financials first.

KOD
Here comes the prospectus. Please do some digging for us . I know you work in that sector and there might be certain things you know that we dont. thanks for your anticipated cooperation

[knightofdelta]

Originally Posted by bivins1

KOD
Here comes the prospectus. Please do some digging for us . I know you work in that sector and there might be certain things you know that we dont. thanks for your anticipated cooperation

Thanks. I will go through the prospectus as I am at work overnight. Should be through with it before daybreak.

[jacobtt]

Originally Posted by bivins1

Good insight jacob but whats your take on this. i see oando is going to be their main competitor in this offshore drilling. I worked with AGIP before and I know Akinmade. do you think this guys are up to it?

I have gone through the assets (reserves) of the company and they are pretty fair though not the type that multinationals will run into. It gives me much insight why Shell pulled out. Ranking these reserves and their global resources will not give a nice VIR (Value to Investment Ratio) for such super giants like Shell. Me think that as time goes on Eni will make a pull out as the BS&W in these fields increase. By then they must have recouped their investments and make enough profit and people like Anadarko might come in for clean ups.

Technically Allied energy is not the operator, they are tied to ENI-NAE/NAOC and will bring in money(cash calls) for investments and receive their equity production in cash. They are junior shareholders and NAE/NAOC might not revert to them to make certain decisions, they are more or less dormant shareholders so your money is safe. The Big Eni is making the calls for them.

There are other indigenous oil companies that are making waves which you might not know. Check out Afren (Rilwanu Lukman, Egbert Imomoh and co) so Oando is not anywhere in the upstream operations.

I have done some works on some of these assets and i can stick out my neck and tell you to invest- For your information am a Geoscientist working in an international exploration for one of the multinational consultancy firms in the Far East-Go ahead and INVEST

[knightofdelta]

Here are my conclusions about the Allied Energy proposed IPO:

Allied Energy’s public offer price of N48 is on the expensive side considering the forecasted results. This price could have been arrived at as a result of the fact that it has the potentials of being an astronomically high growth stock in the nearest future but it should also be stated that this company has the potentials to be a miserable failure. Based on the high risk associated with this company, with its attendant high financial leverage, and with the current sentiments in the stock market, it would have made more sense if the company had come out with a price of N15 per share.

One third of its assets are onshore and could be adversely impacted by the troubles of the Niger Delta region. Here is my full analysis...

[hispy99]

Originally Posted by knightofdelta

Here are my conclusions about the Allied Energy proposed IPO:



One third of its assets are onshore and could be adversely impacted by the troubles of the Niger Delta region. Here is my full analysis...

Thanks for the write up......

[bivins1]

Originally Posted by knightofdelta

Here are my conclusions about the Allied Energy proposed IPO:



One third of its assets are onshore and could be adversely impacted by the troubles of the Niger Delta region. Here is my full analysis...

thank you very much sir for having the time to disscet the offer despite your tight schedule. you are a genius. once again thanks

[ikazuagbe]

Hi fellow investors,

kindly give us an hint concernig Allied Energy Initial Public Offer-when is the

offer coming out,so that we can be fully prepared for it.

Thanks and God bless

[citizen]

http://www.ocnus.net/.../Texas_Oil_M..._Scandal.shtml

[citizen]

http://www.ocnus.net/.../Texas_Oil_M..._Scandal.shtml

[knightofdelta]

Hmm... interesting reading.