aquatane.

[emmanuel ewumi]

Aquatane an oil servicing firm is planning a private placement.

[hispy99]

Originally Posted by emmanuel ewumi

Aquatane an oil servicing firm is planning a private placement.

You know the issuing house or have the PP?

Thanks for the info

[newton]

Originally Posted by hispy99

You know the issuing house or have the PP?

Thanks for the info

It is actually Aquitane Oil and Gas Plc... heard about them when they acquired stakes in a refinery in Gabon recently. Wd look up more info


website => Aquitane Oil and Gas

[yusuff]

the offer is to be package by IBTC and BGL

[hispy99]

Originally Posted by yusuff

the offer is to be package by IBTC and BGL

Thank you sir

[justice bende]

pp for dis kind condition wey our market dey so? ok oh!

[saintkayode101]

Originally Posted by newton

It is actually Aquitane Oil and Gas Plc... heard about them when they acquired stakes in a refinery in Gabon recently. Wd look up more info


website => Aquitane Oil and Gas

Thanks for the weblink.

If anyone has any financial information on this. Please post.

[kokoko]

Does anyone have more information about this PP pls? Or has it been sold out again??

[zainabusman]

Originally Posted by kokoko

Does anyone have more information about this PP pls? Or has it been sold out again??

Given the investing climate. i dont think anything will be sold out so fast.

[ttoladele]

Originally Posted by kokoko

Does anyone have more information about this PP pls? Or has it been sold out again??

The secondary market looks more attractive than any pp at this time.

[kokoko]

Originally Posted by ttoladele

The secondary market looks more attractive than any pp at this time.

Thank you vey much for the insight...wasnt thinking straight cos of my losses. The floor is certainly a better place to invest now so, PPs and POs can go and stay there!

[Michael]

Some stocks are even approaching their last offer price, which means a natural circuit breaker is already in place for those stocks. The Chances of investors who bought the public offer selling those stocks below offer price is slim even in this market

[stowe nelson]

please anyone on with information on this pp,when are starting and ending & would they be coming to the market and when are they coming?.

[solainvest]

Proshare News

[muranay@yahoo.com]

Originally Posted by solainvest

Proshare News

Proshare News and Analysis
Aquitane Oil & Gas seek to raise N15bn through Placement
Posted Thursday, July 10, 2008

-offer may begin next week



PETER OBIORA

Proshare NI

July 10, 2008 at 17:08 GMT



Aquitane Oil & Gas Limited is seeking to raise N15 billion through a Private Placement (PP), as offer may begin next week. This was contained in a document made exclusively available to Proshare NI today in Lagos Nigeria.



The company operating in the downstream petroleum products marketing sector of the Nigerian economy; intends to offer by way of Placement 1.5 billion Ordinary Shares of N1.00 each at N10.00 per share.



Aquitane Oil & Gas is seeking to raise this fund in order to consolidate its position in the downstream wholesale petroleum products market and integrate into the retail end of the value chain by systematically rolling out fuel stations.



Apart from this, the company also seeks to expand its product offering and use part of the proceeds of the Placement to restructure its balance sheet and refinance some of its short term borrowings with long term equity.



The document affirms that the ordinary shares now being offered will rank pari-passu in every respect with the existing shares of the Company.



In the event of an oversubscription, the document affirms that Aquitane Oil & Gas may issue shares out of the unissued shares of the company or some shareholders may divest a portion of their shares in order to provide for some of the oversubscribed portion.



The company has also made a N9.0 billion oversubscription allowance. Aquitane Oil & Gas is offering a minimum of 500,000 shares and multiples of 100,000 shares thereafter.



As at the time of filling in this report, the Memorandum of the Placement was dated June 2008, but a source close to Proshare NI confirmed that the Placement would commence next week as the company was doing a little amendment as regards the offer.



“It could not hold June 2008, there was a little amendment that delayed it from opening, but by next week the Placement will commence” the source affirmed.



Joint Issuing houses to the Placement include BGL Limited, Futureview Financial Services Limited and Diamond Bank Plc.

[emmanuel ewumi]

Let us see their financials,but l do not think l will be intersted in any private placement for now.That is just my personal opinion.

[bsr]

let me kinow if ur interested in aquitane!

[BLUEMONEY]

Originally Posted by bsr

let me kinow if ur interested in aquitane!

we can only be interested if we see thier financials and it is good. so if you lay your hands on it, post it for us to see.