Something is not just adding up. First bank is yet to release results. Both full year 2023 and first quarter 2024. This is really suspicious oo.

SetrakusRa:
https://nairametrics.com/2024/05/14/militant-group-demands-25-of-okomu-oil-plc-shares-after-fatal-attack-on-host-community/

Wahala...this is serious Oo!
25% + Directorship?!!!!

chimex38:


Wahala...this is serious Oo!
25% + Directorship?!!!!

They must be smoking something. Bandits as significant shareholders?

SetrakusRa:


They must be smoking something. Bandits as significant shareholders?

.
I read Ijaw group of some kind.
Are they the host community?
Probably fighting for some sort of compesation..but Wrong approach.

Is Okomu's location an Ijaw community in Edo?

Actually, they are raising the bar to get a good deal during negotiations.
Now there will be an unwarranted rise in the operating costs of OKOMU.
This is a similar scenario to the crude oil discuss: SECURITY.
Recall that OKOMU has at least FOUR expatriates on their board.

This whole situation brings to mind the Niger Delta Agitation... It. Is. Well

chimex38:


Wahala...this is serious Oo!
25% + Directorship?!!!!

KarlTom:
Actually, they are raising the bar to get a good deal during negotiations.
Now there will be an unwarranted rise in the operating costs of OKOMU.
This is a similar scenario to the crude oil discuss: SECURITY.
Recall that OKOMU has at least FOUR expatriates on their board.

This whole situation brings to mind the Niger Delta Agitation... It. Is. Well

Looks like Land Ownership/compensation disputes. Or just the wickedness of unproductive folk that want to reap where they didn't sow. Has Okomu used all the land in the area. Are there no other unproductive lands in the area lying fallow.

Yes. The IJAW are their hosts...

chimex38:
.
I read Ijaw group of some kind.
Are they the host community?
Probably fighting for some sort of compesation..but Wrong approach.

Is Okomu's location an[b] Ijaw community[/b] in Edo?

Ding!

Actually it happens everywhere: only in varying degrees of entitlement and force.
We have the omo onile who harrass builders on construction site.
The claim of the militants can be termed host community entitlement. However, 25% is unthinkable...

BabsO2:


Looks like Land Ownership disputes. Or just the wickedness of unproductive folk that want to reap where they didn't sow. Has Okomu used all the land in the area. Are there no other unproductive lands in the area lying fallow.

KarlTom:
Actually it happens everywhere: only in varying degrees of entitlement and force.
We have the omo onile who harrass builders on construction site.
The claim of the militants can be termed host community entitlement. However, 25% is unthinkable...

Many places across many states are unproductive because of host community entitlement spirit. It chases away people migrating there for ventures when these entitlement spirits don't waste time to shed blood. When you see a state with net migration out of it this entitlement spirit must be wicked in such places.

Good morning all,
TANTALIZER - what am I missing or is another Multiverse loading

The people that sold Regency Alliance(My Dog water) yesterday @ N0.31

KayOn1:
Good morning all,
TANTALIZER - what am I missing or is another Multiverse loading

they had a successful private placement...

Boshins:
they had a successful private placement...

The euphoria?

KayOn1:
Good morning all,
TANTALIZER - what am I missing or is another Multiverse loading

It looks like it is going to do wetin other members of his category done do, break a new high of above #1 like Daar, Deapcap, Omatek, ABC. Make we dey watch cuz it seems like the company and their MM na dem wan move am

Boshins:
they had a successful private placement...

Maybe something like that because those that put 1 billion no be mumu. Maybe there are other things.

Boshins:
they had a successful private placement...

Wow, Really, no wonder. I didn't even hear of it. Well those inside already enjoy.
Those chasing, all the best.

MARKETJJC:


It looks like it is going to do wetin other members of his category done do, break a new high of above #1 like Daar, Deapcap, Omatek, ABC. Make we dey watch cuz it seems like the company and their MM na dem wan move am

Those inside, enjoy. It flashed @0.39 but when I looked at the Qtr1 result, I just moved on not knowing they just had a PP. It is well.

MARKETJJC:


It looks like it is going to do wetin other members of his category done do, break a new high of above #1 like Daar, Deapcap, Omatek, ABC. Make we dey watch cuz it seems like the company and their MM na dem wan move am

Very possible. That kind free money, when person dey jolly with am eh, ...

Plenty movement in the Insurance Sector...

Are their FY results imminent?

An additional data will be to compare with the estimated reserves of each nation. In our own case, too many holes dey this pipeline of a thing.

KarlTom:
Two major factors that increase cost of production
1. Type of field: Desert or deep water well.
2. Security.
Let me shock you, the highest cost of production is actually USD70 for USA

On the bolded, let me give you an excerpt that was not captured by Punch:
"Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), told lawmakers last week that oil companies operating in Nigeria gave tax authorities $48.71 as their average cost of producing crude oil per barrel in Nigeria. "

That's the reason I said security is a major factor behind the high production cost. International oil companies are leaving the sector because security payouts are gulping their resources...

With the series of events happening to OKOMU, won't it be wise to DIVERSIFY to other regions that are relatively safe?
It doesn't have to be sudden but it could be gradual. You don't want a situation where the whole business operation is put on hold when something like this happens again.

delvzy:
With the series of events happening to OKOMU, won't it be wise to DIVERSIFY to other regions that are relatively safe?
It doesn't have to be sudden but it could be gradual. You don't want a situation where the whole business operation is put on hold when something like this happens again.

And we blame the International Oil Companies for pulling out of that region.

This one Caverton has just gone on full offer - has someone seen the result?
This our market sef
Abeg, make dey just release 1 good result make I exit. Na beg I dey beg.

KayOn1:
This one Caverton has just gone on full offer - has someone seen the result?
This our market sef Abeg, make dey just release 1 good result make I exit.
Na beg I dey beg.

KarlTom:

E no reach to ask? FY Audit, 5 months e never show not to talk of Qtr1 then all of a sudden the stock just move fiam to full offer with over 1million units. Haba!! Na who we offend?

** Make una no mind me sometimes o, I dey use here catch cruise & calm too much stress wey dey for work.

E reach o.

The market needs some big news...

KayOn1:


E no reach to ask?

On another note, has anyone received their Berger Paints dividend?
Any link to the AGM today?

KarlTom:
E reach o.

The market needs some big news...

Make the big news wait first o make I receive my Berger & UBA dividends. I need to put them to work before any big news.

The total number of outstanding shares of Okomu Oil Plc is 954,000,000 units
25% of Okomu Oil Plc is 238,500,000 units of its shares
Presently Okomu Oil is N255.70 naira
25% of Okomu Oil translates presently to N60,984,450,000 naira (60.9 billion Naira)

This market is tiring. You'll place a buy order at the current price yet nothing.

I want to ask, must there be a seller before your buy order can be executed or can it be traded from outstanding shares of the company