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Ambit Energy

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Ambit Energy | ambitenergycorp.com Reviews

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1

Opportunity - Ambit EnergyAmbit Energy

http://www.ambitenergycorp.com/opportunity

The Niger Delta Basin is the 12th largest petroleum system in the world with proved reserves of 35 billion barrels of oil and 180 TCF of gas. Installed production capacity is 3.0 million barrels/day, with an average daily output of about 2.5 million barrels/day. The government of Nigeria has set an objective of increasing oil reserves and production capacity to approximately 40 billion barrels and 4.0 million barrels/day by the year 2010. Keep up to date on all news involving Ambit Energy Corporation&#46...

2

About - Ambit EnergyAmbit Energy

http://www.ambitenergycorp.com/about

Ambit has developed a business plan based on a thorough investigation of Nigerian corporate and tax laws, petroleum production regulations and opportunities. Significant research has also enabled Ambit to:. Create corporate entities and a corporate structure that achieve the goals of the indigenization program in Nigeria while providing tax efficiency to shareholders. Deliver twice the net profit that is otherwise available from conventional foreign technical partnership structures to Ambit shareholders.

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The Team - Ambit EnergyAmbit Energy

http://www.ambitenergycorp.com/the-team

Advisor to the Board. Advisor to the Board. Mr Turnbull has extensive knowledge of corporate governance issues. He acts as counsel to many boards of directors and special committees in change of control transactions, such as takeover bids (both friendly and hostile), amalgamations, plans of arrangement, asset dispositions, significant equity infusions and restructuring scenarios. Andrew also functions as the Temporary Chief Financial Officer of Ambit. President, CEO and Director. Tunde Agbi is a recogniz...

4

The Company - Ambit EnergyAmbit Energy

http://www.ambitenergycorp.com/the-company

Nigerian oil and gas law restricts the interest of a foreign participant to 40%. However, in practice, foreign partners are required to provide 100% of project financing in exchange for a cost recovery mechanism that recognizes the greater financial risk. By leveraging the dual citizenship of its founder, Ambit has created a corporate structure that provides unrestricted access to oil and gas opportunities in Nigeria.

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Ambit Energy

Ambit Energy Corporation is a privately held, international oil and gas exploration and production company incorporated in 2005, under the Business Corporations Act, Alberta ( ABCA ). The Corporation is headquartered in Calgary, Canada, and has offices in the UK and in Nigeria. The business plan of the Corporation is to identify, evaluate, acquire participating interests in, and exploit potentially attractive E&P opportunities in West Africa, with an initial focus on the Niger Delta Basin in Nigeria.

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