A warm welcome from all of us at the Cavertonian!“If the highest aim of a captain were to preserve his ship, he will keep it in port forever,” so says Thomas Aquinas, one of the most important and influential medieval philosophers and theologians. If the highest aim of Caverton leadership is to sit back and collect monthly returns, the organization will not be the dominant player it currently is in the provision of logistics support services to the oil & gas industry. As a 100% Nigeria‐owned company, Caverton continues to break barriers and is poised to be the one‐stop shop for helicopter flight operations and maintenance services in Sub‐Saharan Africa.

That Caverton is undeniably the poster child for the Nigerian Content (NC) Act is no longer news. The organization continues to meet and exceed provisions of the Act. In light of the recent successful audit visit by top officials of the Nigerian Content Development & Monitoring Board (NCDMB), we are focusing the spotlight on our NC statistics in this edition of the newsletter.

As we go about our daily responsibilities, please remember this famous quote by Og Mandino, “Failure will never overtake me if my determination to succeed is strong enough.” Please sit back and enjoy this edition of the Cavertonian. Welcome Aboard!!

EditorialEditorial TeamEditor‐in‐ChiefRotimi Makanjuola

Managing EditorTiti O. Osimboni

Staff WritersTolulope Dawodu

Adebola Makanjuola

Associate EditorUzoma Esiwe

Titi O. Osimboni

1

Issue 8 Vol 5 September 2016

CEO COSG CONDUCTS INSPECTION OF MAINTENANCE, REPAIR & OVERHAUL (MRO) CONSTRUCTION SITE

Mr. Bode Makanjuola, Chief Executive Officer of the Caverton Group, paid a very pleasant visit to the Ikeja Base on Tuesday, August 30, 2016. Top on his agenda was the inspection of the progress made on the MRO hangar facility currently under construction on the airside of the Murtala Mohammed International Airport. On hand to receive him were Capt. Josiah Choms, MD CHL; Mr. Rotimi Makanjuola, Executive Director CHL and members of Caverton's management team. Mr. Makanjuola and the team were conducted around the construction site by the project manager, Ms. Titi Osimboni, during which he observed the progress made. He also met with officials of Palmyra, the construction company. The construction of the MRO hangar facility is currently in its second phase. The construction process is divided into 5 phases, with each phase having key milestones and deliverables. The anticipated delivery timeline of the facility is the 2nd quarter of 2017, all else being equal.

2

The Nigerian Content (NC) Act was signed into Law on April 22, 2010 by former President Goodluck Jonathan. The Act was enacted to enhance the development of local content in Nigeria's oil and gas industry. The Nigerian Content Development & Monitoring Board (NCDMB) was subsequently established to implement and enforce compliance to the Act. Some of the responsibilities saddled with the Board include; Increase indigenous participation in the oil & gas industry, Build local capacity and competencies, Create linkages to other sectors of the national economy, and Boost industry contributions to the growth of our National Gross Domestic Product. Caverton has, no doubt, been a poster child for the NC Act. The organization has continuously strived to ensure that it meets and exceeds applicable provisions of the Act. An action plan for maximizing the Nigerian content and ensuring continued compliance was developed in which Caverton ensures that; The Nigerian workforce will not go below 75% of total workforce. 100% of all work done shall be performed in Nigeria and 88% of all work done shall be performed by Nigerians. Expatriate pilots and engineers will mentor their Nigerian counterparts until set replacement schedule as stipulated in the

NCDMB Act of 2010 for effective technology and knowledge acquisition without compromising safety. Caverton Helicopters will fully utilize locally manufactured products (where possible), materials and consumables relevant

to her operations. These materials and consumables are to be procured locally. Ground operations equipment and services shall be performed with the support of Nigerian resources.

It is a fact that there is a shortage of suitably qualified Nigerian technical personnel in the oil and gas industry. Caverton has consistently trained Nigerian pilots and engineers to global standards in an effort to ensure a high percentage of local content in these positions. The result of this deliberate training strategy is beginning to pay off as the numbers have improved significantly company‐wide. This result was also noted and commended by top officials of the NCDMB on their recent audit conducted on Caverton's compliance of the NC Act. The charts below depict the organization's NC status as at July 2016.

SPOTLIGHT ON CAVERTON'S LOCAL CONTENT

Additional pictures from CEO's MRO Site Inspection

3

NEWS FROM ACROSS THE GLOBE I came across this article written by Regina Brett, a 90 year old New York Times bestselling author from Cleveland, Ohio. I thought it worthy enough to share; it continues to inspire me and I hope it does all who read it. Enjoy!!

“Life isn't fair, but it's still good...”

“Make peace with your past so it won't mess up your future...”

“Don't compare your life to others. You have no idea what their journey is all about…”

“Burn the candles, use the nice sheets, wear the fancy clothes. Don't save it for a special occasion. Today is special...”

“Take a deep breath every now and then. It calms the mind...”

“Get rid of anything that isn't useful. Clutter weighs you down in many ways...”

“Whatever doesn't kill you really makes you stronger...”

“No one is in charge of your happiness but you...”

“Forgive others and yourself...”

“What other people think of you is none of your business...”

“Time heals almost everything. Give time a little time...”

“However good or bad a situation is, it will change...”

“Don't take yourself so seriously, no one else does...”

“Believe in miracles...”

“God loves you because of who he is, not because of anything you did or didn't do...”

“Growing old beats the alternative of dying young...”

“Envy is a waste of time. Accept what you already have, not what you need...”

“No matter how you feel, get up, dress up and show up...”

“Life isn't tied with a bow, but it's still a gift...”

“The best is yet to come…”

LAUGHTER…T H E B E S T M E D I C I N E

Did you Know...…that water boils at 90 degrees while in the air?

An Edo man invited his friends to his mother's burial ceremony. After lowering the coffin, the family put some food items in the grave in line with tradition. His Hausa friend asked why? The Edo man smiled and said, “According to tradition, the dead go on a long journey and need all the food items they can get.”The Hausa man dropped #100,000 inside and said, “When the food finish, buy more.” The Yoruba friend dropped #50,000 and said, “Add this in case it's not enough.”The Igbo friend smiled, brought out his checkbook and wrote a check of #200,000. He dropped the #200,000 check and took the #150,000 cash dropped by the Hausa and Yoruba men and said, “Nwanne, withdraw it when you reach dia oooo!! It is going to be a dangerous journey. We don't know how many robbers are out dia and after all, we are in a cashless economy. Travel well ooo…” Igbo Kwenu!!!

Water on land boils at 100 degrees. On a plane however, the reduced pressure interferes with the boiling process and water starts to boil at around 90 degrees. This is why it's hard to get a good tasting coffee when you're thousands of feet in the air!

Laughter

“To celebrate growing old, I once wrote a few lessons life has taught me. It is the most requested column I have ever written…”

Regina Brett

Abesamis Oscar

Abu Kelvin

Agbonlahor Patrick

Apson Nathan

Ariolu Victor

Chigbu Peter

Emuakpeje Oghenekome

Evor James

Eze Colombus

Falola Sola

Folly Ekoue

Ikia Igbelimo

Inoma Christian

Isah Danjuma

Ivan Serban

Joseph Olukayode

Kayode Abayomi

Kumar Ravi

Makanjuola Adebola

Mana Roger

Mbadinma Leonard

Modilim Raphael

Muhammad Berin Sabriansyah

Ndarake Nsabasi

Ndule Robert

Nigwo Babajide

Obue Shadrack

Odumodu Angel

Ogabor Mary

Ogri James

Okueso Oluwatosin

Olugbogi Fatai

Oluwa Ahmed

Omueti Ayodele

Onwusuruaka Mark

Onyekachi Precious

Orebamjo Moses

Orru Greg

Oyeleke Dotun

Sadou Youssoufou

Simic Ivan

Thompson Elizabeth

Udonsi Emeka

Ukobia Andrew

Ukpabi Alozie

Uwah Sunny

Zijlmans Briene

4

We hope you have a wonderful day and that the year ahead is filled with much love, many wonderful surprises and gives you lasting memories that you will cherish in all the days ahead. Happy Birthday!SEPTEMBER�BIRTHDAYS

Kingsley Uwagbale's Send-Forth Event

Mr. Kingsley Uwagbale, our erstwhile Director of Strategy & Planning, recently moved on after 8 years of service. In appreciation of his significant contribution to the organization, a send forth event was organized in his honor at the Red Lounge Chinese Restaurant. In attendance at this event were Mr. Remi Makanjuola, COSG Chairman; Mr. Niyi Makanjuola, CHL Chairman; Capt. Josiah Choms, CHL MD; Mr. Rotimi Makanjuola, CHL Executive Director and Mr. Tolu Osunsanya, CML Ag. MD. Also in attendance were Mr. Uwagbale's colleagues and team mates who all came to celebrate him. In his goodbye speech, Mr. Uwagbale especially thanked Caverton top management for the wonderful opportunity given him in the past 8 years and expressed his willingness to be available to the organization whenever needed. Chairman acknowledged his significant contribution to the organization's growth and wished him great success in his future endeavors. Here at the Cavertonian, we wish Mr. Uwagbale God's speed as he begins another chapter in his life.

Page 1Page 2Page 3Page 4