|Posted by Chike Onyenorah on September 4, 2010 at 10:43 AM||comments (1)|
The management of Seroils Petroleum Ltd have confirmed the positive change in the company which led to the joint acquisation of the majority stake of the company by Dannyglad Nigeria Ltd and CWG Global company Ltd. This development according to inner sources is necessary so as to take the company to another level.
The new owners are determined to take the company to another level.Though talks are within and around the company about the new foreign investors expected to pick up the remaining stake. The strategy is to upgrade and expand the capacity of infrastructure as well as develop new areas of business.
The new board comprises the representative of Dannyglad Nigeria Ltd Mr. Joseph Onuoha and his counterpart in CWG Global Company Ltd Mr. Chike Onyenorah pending the constitution of a new board of directors for the company.
With this development Seroils Petroleum Ltd has taken a new stand in the oil and gas industry in Nigeria.