Untapped Opportunities In Oil And Gas

Opportunity Summary

DESCRIPTION

ERI OIL AND GAS LIMITED is a registered business with the Corporate Affairs Commission (CAC) of Nigeria. It is a subsidiary of ERI GROUP OF COMPANIES. We are into manufacturing (Foams and beddings), Telecommunications, Security Services and Merchandising We have clients’ covering all sectors of our economy such as Government establishments, manufacturing industries, oil and gas companies, banks and financial institutions, churches and individuals. Procurement, distribution and marketing of oil and gas and its related services are on the rise in our country and the West African sub-region is the target destination.

We are looking for a reputable company or individual to form an alliance with in our bid to harness these business opportunities in such areas as consultancy, procurement, distribution and marketing of petroleum and petroleum related products as currently available in the Nigerian Downstream Oil and Gas Industry.

These opportunities are on the increase as a result of unpleasant decayed infrastructure e.g. Refineries and National Power Plants; decline in international prices of crude; difficulty in meeting local and international quotas; supply, marketing and pricing characterized by inefficiencies. Government is proposing a new Petroleum Industry Bill that will lead to the full privatization of all our (4) four refineries, removal of Government subsidies on petroleum and allowing private marketers and facility managers to come in at their own price. The industry is without doubt becoming more lucrative for investors.

Our core areas of interest are:

1)                  Downstream Petroleum Business Consultancy

2)                  Importation/Procurement of Petroleum Products

3)                  Transportation/Distribution of Petroleum Products

4)                  Provision and Management of storage facilities

5)                  Ownership of vessels.

For a start, our main priorities are the first three. Our company is registered with the Corporate Affairs Commission and we are ready to form synergy with any interested party or parties so as to harness all these business opportunities. Depending on the interest of our partners, we shall be willing to have the business name changed to their own favored business name and have it dully registered or retain our name if they wish.

Importation of petroleum products most especially Russian D2 is very profitable in Nigeria. This is what we currently depend on as energy to power our industries and homes. The profit is quite enormous. Transportation of these products to all parts of Nigeria and beyond requires trucks. These trucks can also be leased out at a cost within $800 to $1,200 per day each. The tank farms (storage facility) can also be leased out at $1 per litre of diesel per day and the vessels are rented for a cost between $1.5m to $2.4m per day.

INCOME STATEMENT - We expect to make an after-tax profit of $7m in the first year after removing tax, interest charges and other variables. This is however subject to the full realization of the required funds.

REPAYMENT PLANS – Our aim is to have enough capital (Minimum of 20 Million US Dollars) to import products without going through any borrowing. We expect to be profitable from year one. Our target is to earn $18m in year two and $40m in year three. From our profit forecast, we shall pay all profits and invested amount within (5) five years of full operation. With committed and experienced quality staff, lead by our Chief Executive who holds a Masters Degree with over twenty years experience in the downstream petroleum industry, we shall achieve our goal.

CONCLUSION – We intend to bring our partners on board by having their full participation or that of their agents in our day to day running of the business. We shall operate on the basis of MOU/Agreement presented by the investors after a careful study by our lawyers. Payments will be done based on the agreement. We are seeking for a corporation where all stakeholders will bring in their expertise for the growth of the Company. We look forward to having a beneficial relationship with you.

Leslie Okafor AMNIM,

 CEO

We are aware of your requirements such as attaching our documents but we feel reserved because of our  past experiences where our security documents were hijacked by electronic fraudsters and were used in duping innocent people. Our suggestion is to send our sealed documents to a willing investor/s through a reliable courier operator. Thank you. – Management.