NASD Postpones Investor Call with NDEP Plc
By Adedapo Adesanya
The management of the NASD Over-the-Counter (OTC) Securities Exchange has postponed today’s Investor Call with the Niger Delta Exploration and Production (NDEP) Plc.
The bourse, which admits equities of unlisted companies, explained that the decision was as a result of the latest developments in the country which has led to the loss of lives and properties.
“In view of the unfortunate events across Nigeria which have led to death and grievous injuries to various individuals, we shall be postponing the Investor Call with Niger Delta Exploration & Production PLC till a later date which shall be communicated as soon as possible,” a statement issued by the bourse disclosed.
The NASD Securities Exchange used the opportunity to commiserate with affected Nigerians and encouraged Nigerians towards stability.
“In the meantime, our condolences go out to those who have been affected in one or the other this period. We encourage everyone to remain calm and stay safe as peace and order is restored in the Nation.
“Thank you for your continued support,” the statement added.
The Investor Call was scheduled to hold today by 12 pm with the oil and gas investment firm’s, Managing Director/Chief Executive Officer (CEO), Mr Layi Fatana. The virtual event was to be hosted by the bourse’s CEO, Mr Bola Ajomale.
A new date will be communicated as at when due.
NDEP Plc was founded by former General Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Aret Adams, in 1992. It seeks to operate as an integrated oil and gas company. The company operates around three oil blocks in its region after it acquired a 100 per cent stake and operatorship of the Omerelu Farm Out Area in 2014 from the NNPC/Chevron (JV).
It wholly owns subsidiaries include the Niger Delta Petroleum Resources Limited (NDPR), ND Gas Development Company Limited as it is the operator of the Ogbele Joint Venture. The company is a supplier of natural gas to Nigeria LNG in Bonny Island.