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[shujja1] 20/8/2019 10:36

5 MMs 12.5 one at 13.5 . Just a little buying should lift this long way

[livup967] 20/8/2019 08:13

going up mind the gap''

good start to our day hope it continue

GLA

[ambitive786] 20/8/2019 04:58

China pumps $16b in Nigeria's oil industryFriday, August 16, 2019 6:22 amLu Yan Ji and Mele Kyari: $16billion talkThe Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria's oil industry and described Nigeria one of its largest investment destinations. Lu spoke on Thursday at a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari in Abuja.Lu called for NNPC's support in securing the investments, adding that there was need for both National Oil Corporations to work closely together.He disclosed that CNOOC currently produces 800,000bpd worldwide with a target to hit 1.2 million barrels per day, adding that Nigeria was one of the targeted places to actualize the target.CNOOC started business in Nigeria in 2005. It currently has interest in Oil Mining Lease (OML) 130 in partnership with NNPC, Total and Petrobras. Kyari said strategic partnership and new investments in the Upstream Petroleum Sector are essential for it to actualize the nation's crude Oil reserves and 3m barrels per day oil production target by 2023.The GMD said there was need to improve the nation's revenue profile through new investments in the Petroleum Sector.He commended CNOOC for its plan to expand its investment in the Nigerian Petroleum Industry and assured it of the corporation's support."To have investment of $16bn in Nigeria is clearly an indication of your confidence in us. We have a target to grow production to 3m barrels per day by 2023, to do that, we need partners like you. You can count on us because we have common interest", the GMD stated.https://www.pmnewsnigeria.com/2019/08/16/china-pumps-16b-in-nigerias-oil-industry/

[ambitive786] 20/8/2019 04:54

The contract is for one year effective 1st October, 2019 to 30th September, 2020.It listed the successful companies as follows:1. BP OIL INTERNATIONAL LTD./AYM SHAFA LTD.2. VITOL SA/CALSON-HYSON3. TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC4. GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD.5. TRAFIGURA PTE LTD./A. A. RANO NIG. LTD6. CEPSA S.A.U./OANDO PLC7. MOCOH SA/MOCOH NIG. LTD.8. LITASCO SA/BRITTANIA-U NIG. LTD./FREEPOINT COMMODITIES9. MRS OIL & GAS COMPANY LTD10. SAHARA ENERGY RESOURCE LTD11. BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY12. MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD13. MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY14. ASIAN OIL & GAS PTE LTD./ EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD15. DUKE OIL COMPANY INCORPORATED.The release stated that the tender process comprised technical and commercial bid submission respectively, evaluation and shortlisting, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies by NNPC."Under the DSDP arrangement, the under listed fifteen (15) consortia/companies shall over the contract period, offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC, subject to the terms of the agreement", the release declared.

[ambitive786] 20/8/2019 04:53

Oil majors and the world's biggest commodity traders were among the winners of Nigeria's annual swap deals tender for crude offtake and delivery of refined oil products.The Nigerian National Petroleum Corporation (NNPC)-the state oil firm of OPEC's African member-said on Sunday that it awarded crude-for-fuel swap deals to 15 consortia and/or companies.Units of BP and Total, as well as commodity traders Vitol, Gunvor, Trafigura, and Mercuria, were awarded contracts, most of them in consortia with local Nigerian firms.The contracts in the so-called Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement will run for a year effective October 1, 2019, through September 30, 2020."Under the DSDP arrangement, the under listed fifteen (15) consortia/companies shall over the contract period, offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC, subject to the terms of the agreement," NNPC said in the statement. At the end of last year, NNPC was looking to sign more oil swap deals as it is reliant on fuel imports despite being Africa's largest oil producer in OPEC. Nigerian refineries are in need of investment and upgrade and they often don't work at full capacity. At the moment, Nigeria imports almost all of the fuel it consumes.The country will need refining capacity of 1.52 million bpd in order to meet its fuel demand by 2025, according to NNPC.The reality is that Nigeria currently has operating refineries with a total processing capacity of 445,000 bpd and it often struggles to keep them at full-capacity operation because of underinvestment in maintenance. The country aims to triple the refining capacity by 2025 in order to move closer to becoming self-reliant in fuels.According to NNPC, the 650,000-bpd refinery that Africa's richest man Aliko Dangote is financing will secure most of the refinery capacity increase. However, the refinery may not reach full capacity until the middle of 2020, which would be some one and a half years later than the originally planned startup date.By Tsvetana Paraskova for Oilprice.comMore Top Reads From Oilprice.com:OPEC Turns Bearish On OilSaudi Arabia's Newest Strategy To Send Oil Prices HigherIraq Moves To Upgrade Oil Export Capacity

[livup967] 19/8/2019 16:29

8m sell came in and stop the up trend LOL''
always the way
we will try again tomorrow

[livup967] 19/8/2019 16:14

looking good for a 0.15p finish
just a thought

[shujja1] 19/8/2019 14:57

You're 100% right Oldman . Lol Caspian Holdings Michael Masterman the Australian

[mrmark1] 19/8/2019 14:25

I agree. Limited stock at these levels being soaked by either traders or investors knowing this will move extremely quickly on bond/service provider news. Market makers know how to move this up

[edgein] 19/8/2019 13:54

Mark,

With all those years running OIL Art is a pro alright, he'll do everything by the book. He's got years of experience as head of a large producer like OIL became. While these are still high risk, I see it as only a matter of time before the right things slot into place. Hopefully we'll be seeing good progress now in H2, fingers crossed.

Regards,
Ed.

[edgein] 19/8/2019 13:50

Shujja,

Goodness fella how to make Ed feel old! It must be around that, was it Caspian Holdings or something that we were in all those years ago or maybe VOG during the Russian drilling? Good to see you still sticking in there too!

Regards,
Ed.

[mrmark1] 19/8/2019 13:43

I agree, doubt a leak but at these levels and liquidity copl moves very quickly - just see a few weeks ago to 0.19 and that wasn't on news.Good news on SAVP this morning and profits may move into COPL on the back on that news. Shows Nigeria can approve if correctly worked, probably why AM has been ticking all the boxes required by the authorities News in COPL and it will be flying

[1amulet] 19/8/2019 12:57

GUN!!!
Negotiated trade to get even a small amount now.
At last something brewing.
Keep em peeled .The tide has finally begun to turn

[shujja1] 19/8/2019 10:44

I have a lot of respect for Ed and his posts on Advfn . I think we go back about 18 years on Advfn. we are the old timers. Expect a good move this afternoon

[livup967] 19/8/2019 10:25

fingers and toes X EDD'' LOL'' here goes nothing
or something

[edgein] 19/8/2019 10:19

liv,

I think if it were leaking it would be doing more than 23m volume, more likely speculators with crossed fingers that this once more may be close to our time.

Regards,
Ed.

[livup967] 19/8/2019 09:33

sea of blue today??
could be a leak

[livup967] 19/8/2019 09:31

full price paid again.
could get a bounce

[edgein] 19/8/2019 08:31

Shujja,

Good call, folks already having to pay higher this morning at full ask. Hopefully, fingers crossed Art's closer to getting that PB and alt f arranged. If so the ask could look quite different if/when it happens. :)

Regards,
Ed.

[shujja1] 16/8/2019 15:58

good to buy in the next half an hour. Next week we could see your big move up.

[jamie414] 16/8/2019 15:49

No ramping of other shares!

[msufi77] 16/8/2019 15:37

OFF TOPIC BUY CLEARSTAR MASSIVE UPSIDE NT TRADES ONLY MMS PAYING MID

[livup967] 16/8/2019 15:35

looking good this afternoon
somethings up whisper perhaps??
who knows