Orient Petroleum PP

[DaInvestor]

This looks to me like another IGI in the making, probably not get listed in 2 years time. Good for real long term investors not people like me who like seeing their money. IGI has taught me a real good lesson, i'm content with making small profit, like they say little drops

but for my very liquid friends, which u all the best on this one, will join the train when its almost full to make my little cash but till then all the best

[Avocado]

As said much earlier on this thread, the projections for this company are overly optimistic and unrealistic. Anyone who has a worthy knowledge of the operations and logistics of the business would've seen that.

The bank officer was quoted: "Today alone, I have sold about N600, 000 worth of the placement to people who want to invest in the company”; how much remaining?? With 120 dollars/bbl oil, you'd expect this to be hot investment. But something isn't right, and the devil for this is in the details.

If and when OPR takes off, it'sll probably make money, but for a while, don't expect returns on this investment. Quite possibly another IGI^2.
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[hispy99]

Originally Posted by Avocado

As said much earlier on this thread, the projections for this company are overly optimistic and unrealistic. Anyone who has a worthy knowledge of the operations and logistics of the business would've seen that.

The bank officer was quoted: "Today alone, I have sold about N600, 000 worth of the placement to people who want to invest in the company”; how much remaining?? With 120 dollars/bbl oil, you'd expect this to be hot investment. But something isn't right, and the devil for this is in the details.

If and when OPR takes off, it'sll probably make money, but for a while, don't expect returns on this investment. Quite possibly another IGI^2.
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The PP was 5% subscribed 2 years ago. It opened last year and was supposed to close by December and yet they still sold N600k worth "today"? I fear o, this PP will not close till 2012 at this rate.

[BLUEMONEY]

Originally Posted by hispy99

The PP was 5% subscribed 2 years ago. It opened last year and was supposed to close by December and yet they still sold N600k worth "today"? I fear o, this PP will not close till 2012 at this rate.

this one may not even see the light of day.

[Barbican]

it may close very soon.

but hope they have put the money received into good use!!!

[hispy99]

Orient Petroleum Eyes NSE


THISDAY ONLINE

[solainvest]

The Punch: ‘Why private refineries cannot function in Nigeria’

[BLUEMONEY]

Originally Posted by solainvest

The Punch: ‘Why private refineries cannot function in Nigeria’

thanks very interesting.

[azob2002]

News just making the rounds suggest that these guys are coming out for PP soonest.. Any news from anybody in the house?

[hispy99]

Nigeria to save N59b yearly from private refinery - NigeriaDailyNews.com

[Avocado]

Hey! How's the Private Placement doing?

And the refineries? Will they meet 10% of their target for 2009?

Even IGI have sent in a dividend warrant: 13kobo per share or sth like that.

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