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How Far With Port-Harcourt Refinery?

People I heard they were making an IPO for Port-Harcourt refinery. Where can I get information of when it will be held? Thanks.

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Is there really such a thing

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The PRHC according to BPE data, has an authorised Share capital of N5 million, divided into 5 million Ordinary shares of N1 each.

Only one of the two refineries in the company is currently in operation, following the closure of the Old refinery while plant capacity utilisation presently stood at 60 percent.

from;

http://fr.allafrica.com/stories/200512200455.html>

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i have not heard of such a thing oh

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Yah I only read it from firstglobalselect.com. Apparently they get their info from Nigerian Newspapers. As ridiculous as it sounds, the BPE was quoted as saying the refinery was valued at 5 million Naira.With 5 million ordinary shares.Does Your ear tingle?owode oh.

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Are u referring to Initial Public Offerings (IPO) for stocks.  Are they issuing stocks? Please let me know....

Regards,

IB

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