Equator Exploration Share Discussion Threads

[toopoor] 18/3/2022 20:19

How much did OANDO take of $161.7m

[toopoor] 18/3/2022 20:16

Onado took bulk of $161.7m

n the Nigerian 2005 bid round held in August 2005, a bidding group comprising ONGC Videsh Ltd ('ONGC'), Equator and OWEL E&P Ltd ('OWEL'), submitted the winning bids for the Oil Prospecting Licences ('OPLs') for blocks 321 and 323. The bids included signature bonuses totaling US$485 million. However, the Korean National Oil Corporation ('KNOC') exercised a right of first refusal granted to it in recognition of a commitment by KNOC to implement a downstream project. After discussion among all parties, KNOC was awarded a 60% interest in the blocks and appointed as operator. A 30% interest was awarded to the ONGC group while the remaining 10% was awarded to Local Content Vehicles ('LCVs') - Tulip Energy Resources Nigeria Limited for OPL 321 and NJ Exploration Limited for OPL 323. ONGC declined its part of the award, allowing Equator to take the allocated share. The Government of Nigeria and KNOC consented to this and Equator made payment to the Nigerian Government of a full one-third share of the signature bonuses totaling US$161.7 million. On 10 March 2006, Equator signed the two Production Sharing Contracts with the Nigerian National Petroleum Corporation and the other parties as a full independent party with a 30 per cent interest. The Company also signed the Joint Operating Agreements with the other participants on 7 June 2007. Since March 2006, Equator has participated fully with the other parties in all of the technical and commercial decisions related to the detailed evaluation of the hydrocarbon prospects and in the preparations for drilling.

[toopoor] 18/3/2022 20:13

The Jewels..

[toopoor] 18/3/2022 20:11

them 1p shares that MR K bought could be worth millions.

[toopoor] 18/3/2022 20:06

BELIEVE ME ALL IS NOT LOST.

[toopoor] 18/3/2022 20:00

D1nga you given up...

??

have not.

[d1nga] 18/3/2022 19:46

Nurse, more medication required 🙄

[toopoor] 18/3/2022 19:40

now he is at Block Energy.

I will be ringing him up.

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!

[toopoor] 18/3/2022 19:34

we want a RE LIST of Equator Exporation !!!