In July met the Senior Vice President Roger Westerlind of Dynamic Industries Inc in their Houston office. He actually informed me of his company desire to penetrate the Oil and Gas Industry in Nigeria and the rest of Gulf of Guinea comprising of countries like Angola, Equitorial Guinea, Gabon &Sao Tome Principe which are all rich in Crude Oil deposits. Nigeria being the largest producer of hydrocarbon in that zone is much sought after by all Extractive Industries Companies and Service Providers alike.
In the course of our meeting Roger Westerlind gave me the impression that his company has been trying to penetrate that lucrative market but with no luck. He informed me that in their haste to penetrate the market, they formed a Holding Entity with a local company Global Energy Company Limited on 30th March named GEC Dynamic Offshore Contractors West Africa Limited (Copies of the Shareholders Agreement and Joint Venture Agreement are in my custody)
In our first meeting, he painted the Directors of the Global Energy Company as unscrupulous business men and his ultimate desire is to liquidate the entity formed earlier in March.
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