Joint Venture Property in Eket, Akwa Ibom

*oml 151 available for joint venture* oml 151: $ 226.86m ---- cost of production to first oil. $ 80m --- cost of acquiring 40% participating interest. total cost of investment--- $ 306.86m *facilitator's fees* 10% -- $ 30.686m ( to be paid by investor). *grand total*--- $337.546m license valid until 2036 (20-year renewal cycle) *key asset information -- oml 151* 1. location : offshore -- positioned strategically between bayelsa and akwa ibom states, under psc (production sharing contract) in shallow or swamp waters. 2. price : usd $337.546 (three hundred and thirty seven thousand, five hundred and forty six dollars only). 3. geological report : comprehensive and up-to-date, available for review by qualified buyers. 4. state of location : bayelsa/akwa ibom axis -- rich in hydrocarbon potential. 5. reserve volumes : gross 2p oil reserves: 47.1 mmbl gross 2p gas reserves: 209 bcf gross prospective reserves (p50): 2,791.7 mmboe 6. license validity : current license expires in 2036 and is renewable every 20 years. 7. infrastructure : fully installed fpsos, production platforms, processing facilities, and pipelines in place. 8. government participation : psc arrangement currently held by the operator. 9. regulatory compliance: all statutory levies are fully paid and up to date. any minimal outstanding shall be settled by the seller upon final negotiation. 10. further data access: additional technical and commercial data will only be made available to credible buyers who submit: a letter of intent (loi) a verifiable proof of funds (vpof) with authority to verify company profile or cis of the chairman/md upon satisfactory preliminary due diligence, a face-to-face meeting with the seller will be arranged. once the seller is satisfied with the buyer's credibility, transaction documents will be executed, payment concluded, and ownership documentation handed over immediately. > please note : lois submitted without vpof and supporting documents will not be entertained. we have encountered too many unserious offers and must prioritize only verified buyers. this is a rare opportunity to acquire a fully equipped, high-potential offshore asset in nigeria's oil-rich basin. serious inquiries only. sl...