To be the name of the game.... Anyone had any replies back from sle? We must be due an update. Any chance of selling our holding early as I need to cash out. Why do we not have a timeline. I know the deal is sweet and we will multibag but I really could do with a timeline. We are only hedged till December 2017 so we need to get this sorted quick time, do you think they are waiting till after this brex**** finishes? No RNs messages this month..... I do dislike the government here.... As long as they still make there ******* money who cares.
FG, Niger Delta Militants Agree to 30-day Ceasefire
June 21, 2016
Niger-Delta Militants Truce gives Buhari time to come up with plan for region
Emmanuel Addeh in Yenagoa
The federal government and militant groups in the Niger Delta, including the Niger Delta Avengers (NDA), which has claimed responsibility for a series of attacks on oil and gas installations in recent months, have agreed to a 30-day truce to give President Muhammadu Buhari time to come up with a comprehensive plan for the oil-rich region, investigations by THISDAY have revealed.
The “30 days of quiet” was said to have been agreed upon last week by a federal government team led by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and representatives of the militant groups, community leaders and the state governments.
Last week, Kachikwu had led a government delegation to different camps in Bayelsa and Delta States, including visiting the temporary site of the Maritime University at Okerenkoko, Gbaramatu Kingdom in Warri South Local Government Area of Delta State, in a bid to reach out to representatives of the militant groups to get them to stop its attacks on oil and gas facilities.
The activities of the militants have halved Nigeria’s oil production to some 1.4 million barrels per day, impacted negatively on power supply in the country and the country’s oil earnings.
According to a source who opened up on the 30-day period of truce, Kachikwu was said to have reached out to the militants through back channels and pleaded for some time for the Buhari administration to come up with a comprehensive Niger Delta plan that would address most of their demands.
The militant groups, the source said, accepted Kachikwu’s plea, adding that since the agreement was reached there had been no attacks on oil and gas installations in the oil-rich region.
“You would have noticed that there have been no bombings of oil assets in recent days. This is the fall out of the 30 days of quiet reached with the minister and his team.
“This will give the president time to come up with a comprehensive plan for the Niger Delta,” the source informed THISDAY.
He also revealed that some of the demands made by the militants were for greater control of the hydrocarbon resources in their communities, improved funding for the Amnesty Programme, clean-up of oil producing communities in the Niger Delta that had been devastated by oil exploration activities, and funding for the Maritime University, among others.
He added that the problem with respect to the Maritime University stemmed from the fact that Minister of Transportation, Mr. Chibuike Amaechi, whose ministry superintends the university, did not provide for funding of the institution in the 2016 budget.
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