Exploiting unique acquisition opportunities for indigenous independents
Our robust portfolio of oil and gas fields is comprised of interests in onshore and offshore producing assets, across the Niger Delta basin and on the continental shelf.
As international oil companies shift their focus even more to offshore projects, they are divesting their onshore assets, offering opportunities for indigenous independents to acquire reserves and resources.
Our strategy is to continually grow our reserves through the development of our existing portfolio, and the acquisition of new assets through an ambitious expansion strategy.
Our Vision is to be the leading indigenous exploration and production player on the African continent.
Production, reserves & resources
OER is well positioned as a leading E&P player in the Nigerian Oil and Gas sector, as measured by our 2014 Independent Reserves Evaluation report.
- Proved plus Probable Reserves of 420 MMboe;
- Best Estimate Contingent Resources of 122 MMboe;
- Unrisked Best Prospective Resources of 891 MMboe;
- Q1, 2015 production of 53,000 boepd.
With a core objective of continuously growing our production and reserves, our focus is in the optimisation of our existing asset portfolio and participation in governmental bid rounds in Africa, acquiring unutilised near-term production assets from International Oil Companies during divestment programmes.
OER Announces First Quarter 2015 Result
CALGARY, ALBERTA, May 1, 2015 – Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced financial and operating results for the quarter ended March 31, 2015. The unaudited consolidated financial statements, notes and management’s discussion and analysis pertaining to the period are available on the System for Electronic Document Analysis
Publicly listed on the Toronto Stock Exchange
Oando Energy Resources obtained listing approval from the Toronto Stock Exchange (TSX) to begin trading on Monday, July 30, 2012, with the ticker symbol ‘OER’. The company is continually seeking opportunities to acquire producing and near-production assets, which will attract a diverse range of investors with an appetite for exploration and production investments for future capital raises.