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Tuesday, 14 October 2014

Benedict Peters - MUCH ADO ABOUT $2.7B SHELL OIL BLOCK

 
That Aiteo Group-led consortium has acquired Shell’s equity shares in oil mining lease (OML) 29 for $2.7 billion, which the company has just divested from is no longer news. Aiteo owned by billionaire businessman, Benedict Peters is now the majority stakeholder in the acquisition deal with an 85 percent equity stake.
A breakdown of the share holding of the group indicates that Aiteo Energy Resources Limited has a total volume of 2.294 billion shares, Tempo holding 270 million shares with its 10 percent equity, and Taleveras holding 135 million shares. All these put together shows that the consortium has a total number of 2.7 billion units of shares.

But I hear that with all the noise over town on who owns the deal, they haven’t totally paid for it. I heard that the three companies have so far paid the deposit of 500million dollars and still looking for the balance as Nigerian banks are not really keen to support the deal because of the lifestyles of the 3 owners and their…..............wink

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