Nigeria Energy: Seplat's Exxon Deal, Dangote Refinery Capacity

So Anthony what's the significance of this deal. Yeah I think it's significant because it gives Nigeria to restore some production. This deal happened like three years ago. And we're doing that. Your wife was waiting for approval production from those wells. That's it. Exxon was planning to sell dropped by five thousand dollars a day. And as you know Nigeria has not been able to beat his crew. Okay. For more than 40 of almost a decade now. So this is an opportunity for Nigeria to improve oil production. The government has set the target of increasing oil production by a million barrels over the next 12 months. So this approval which they granted to about three different exits by international oil majors. So it's part of the effort to see that the oil production rebound. So the Teflon deal is a big one. So much it jumps to a record high after that approval. But it's been with it for so long. And it gives us an opportunity to think about oil wells that will double its production maybe over the next one year. Anthony talk to us about the impact of Dan goatees at refinery. You've been paying close attention to it. How is it affecting local fuel supply. Yes. We've seen a significant improvement in the local for domestic for supply. Now we've had this long debilitating cues across the country. Now we are being left of those cues. And then with it for petrol has been gasoline has been spreading across the country. Do prices are higher. Demand is lower. But yeah we are seeing increased supply locally. And then mostly from the NPC independent marketers are looking at also buying from the Dan goatee refineries. I think the long run hopefully Nigeria will end these cues forever which has been a feature for more than a year.