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Rare Oppurtunity For You To Be A Part Owner Of The Fastest Indigenious Growing O by Mugabe(m): 5:51pm On May 27, 2008 |
GEO FLUID PRIVATE PLACEMENT Geo-fluid limited was incorporated in October 1994 as a private limited liability company in Nigeria, operating in the Oil and Gas services sub sector. The company is owned 100% by reputable Nigerians and offers a range of services that includes processing of drilling Mud products, Mud engineering and Well Completion services. Over the years, the company has built a reputation for passionately, professionally and efficiently executing contract aimed at delivering best value to its clients and shareholders. As at March 30, 2008, the Company has been awarded a number of important contracts for various Drilling and production/support services. SERVICES OFFERED Geo-fluid offers a range of services, which includes: 1. Processing of locally sourced drilling Mud Products such as Barite Bentonite and calcium carbonate. 2. Provision of Mud Engineering Services to major Oil Companies involved in exploration and development of hydrocarbon reserves in Nigeria. 3. Sourcing and supplying of wide-range of drilling, completion, work-over and production chemicals. 4. Provision of onshore and off-shore Completion Fluids Engineering services. BOARD OF DIRECTORS Geo-fluids management team has over 20 years of experience in all aspect of Oil and Gas Services Market. The Board of Directors consists of the following 1. Chief Odoliyi Chairman 2. Dr. Ala .A. Ibanibo MD 3. Mr. Gbenga Akintan Member 4. Chief Emmanuel Ibanichuka ,, 5. Mr. Benjamin Wilcox ,, 6. Dr. Victor Maduka ,, 7. Oluwole Ajayi Executive Director Other Management staffs include: 1. Theodore Briggs Divisional Manager, Mud/Engineering 2. Mr.I.M David Divisional Manager-Admin& Human Resources. 3. Edward T.Alabo Coordinator, Engineering Services 4. Catherine Ellah Manager, Legal & corporate Services SIZE OF THE MARKET. The Oil and gas field services market in Nigeria in the past few years was approximately $ 8billion a year of which it is estimated that less than one fifth accrues to local contractors.Investment by NNPC and its joint venture partners are projected to reach $60 billion by 2009, and of this,70% should be spent locally,according to the government express wish. SUMMARY OF PLACEMENT FACTS ISSUER: Geo-fluids limited ISSUING HOUSE Oceanic Bank SHARE CAPITAL Authorized: 10,000,000,000 Ordinary shares of 50k each. Issued and fully paid: 3,137,100,000 ordinary shares of 50k each. Now being offered: 2,400,000,000 ordinary shares of 50k each. PURPOSE: Geo-fluid has identified several opportunities in Oil and Gas industry including maritime services And thus increased her vessel fleets to 8 in 2007. In other to take full advantage of the government Content policy, geo-fluids intends to expand its ca- pacity as a whole. METHOD OF SALE: Private Placement UNIT OF SALE: Minimum of 50,000 Ordinary Shares and multiples of 10,000 units thereafter. OFFER PRICE: N7.50 per Share POSSIBLE LISTING PRICE: N15.00 per Share. POSSIBLE LISTING TIME: 90 Days AVAILABLE FPR MAVEN: 500,000,000 Units. FORECAST OFFER STATISTICS Financial summary 2008 2009 2010 2011 2012 Balance sheet Total assets 13,952,295 18,390,801 23,666,181 32,512,368 36,354,214 Shareholder’s fund 13,482,046 15,828,371 19,068,980 24,543,721 31,374,832 Profit and Loss Revenue 3,441,211 9,918,178 13,918,703 21,717,493 27,733,595 EBITDA 1,920,470 6,505,586 9,055,702 14,814,291 18,651,198 PBT 914,4,775 4,775,718 6,527,875 11,512,459 14,504,816 PAT 640,351 3,342,003 4,569,513 8,058,721 10,153,371 Earnings per share =N= 0.12 0.50 0.69 1.09 1.38 Dividend 0.05 0.15 0.20 0.35 0.45 NOTE: FOR MORE ENQUIRES ON THESE PLEASE CONTACT PATRICK@MAVEN ASSETS ON 08020748220 OR 07025290133 OR patrick4u2006@yahoo.com.IT IS VERY POSSIBLE FOR YOU TO SUSCRIBE BELOW THE MINIMUM NUMBER OF UNITS |
Re: Rare Oppurtunity For You To Be A Part Owner Of The Fastest Indigenious Growing O by austinooo(m): 9:27am On May 28, 2008 |
FOR YOUR POST TO BE MEANINGFUL, PLEASE LET US SEE THE past five years financial report not the future projections |
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