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 December 31, 2015 Independent Reserves Evaluation report.
- Proved plus Probable Reserves of 445 MMboe;
- Best Estimate Contingent Resources of 208 MMboe;
- FY 2015 net average production of 54,520 boepd.
With a core objective of continuously growing our production and reserves, our focus is in the optimization of our existing asset portfolio and participation in governmental bid rounds in Africa, acquiring unutilized near-term production assets from International Oil Companies during divestment programs.
OER Announces Extension of Outside Date
CALGARY, ALBERTA, April 29, 2016 - Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER) announces that the outside date under OER’s previously announced proposed plan of arrangement (the “Arrangement”) with Oando PLC and Oando E&P Holdings Limited (the “Purchaser”) has been extended to May 31, 2016
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.