Since you are watching what is happening in Nigeria, can you please clarify a few issues for those of us new to this company.
Oanda PLC (the parent co.) is a very substantial and diversified Nigerian company ( see www.oandoplc.com). I was very impressed with is structure and successes.
Oanda Energy Resources is a startup subsidiary that could soon become substantial in its own right.
Will the rights offering alone fund the Conoco Phillips acqusistion? What are the general terms for Oanda Energy Resources to access these equity funds from Oanda PLC?
What are you expectations of profits for OER following the completion of the deal?
I would appreciate any insight you can share.