Property in Brass, Bayelsa

For sale: 40% participating interest in oil mining lease (oml) 151 -- nigeria license valid until 2036 (renewable every 20 years) we are offering to a credible, ready, willing, and able investor the opportunity to acquire 40% participating interest in oml 151 and participate in the development of the asset to first oil. asset overview: oml 151 oil block location: offshore -- situated between bayelsa and akwa ibom states, in shallow waters (psc area). deal structure & price: acquisition cost (40% interest): usd 80,000,000 development cost to first oil: usd 226,860,000 total investment: usd 306,860,000 facilitator's fee: 10% of total investment (usd 30,686,000) payable by buyer. grand total investment: usd 337,546,000. geological report: available and up-to-date. reserves: gross 2p oil reserves: 47.1 mmbbl gross 2p gas reserves: 147.2 bcf gross prospective resources (p50): 2,791 mmboe license validity: expires 2036, renewable for an additional 20 years. infrastructure: access to nearby fpsos, production platforms, processing facilities, and pipelines. levies & statutory fees: up to date. any outstanding obligations will be settled by the seller prior to closing. additional data: technical and proprietary data available upon execution of nda/ca and submission of verifiable proof of funds. status: oml 151 is in the pre-development phase, with an approved development plan targeting first oil within approximately two years after funding. key investment highlights opportunity to enter a producing-asset-ready block with near-term production potential. estimated initial production at start-up: ~15,000 barrels of oil per day plus associated gas sales. significant upside from additional condensate, lpg, and ngl production. material gas reserves capable of sustaining sales contracts for 20+ years. procedure for closing the deal submission of loi including: verifiable proof of funds (vpof) with authority to verify. buyer's company profile or cis of the chairman/managing director (lois without vpof will not be entertained.) upon verification, nda/ca will be signed and technical data shared. a face-to-face meeting with the seller to finalise commercial terms. execution of transaction agreements, payment, and transfer of the 40% interest. consultancy & brokerage fee buyer shall pay a 10% consultancy/brokerage fee (usd 30,686,000) --- split between intermediaries as agr...