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, 2017 Independent Reserves Evaluation report.
- Proved plus Probable Reserves of 469.3 MMboe;
- Best Estimate Contingent Resources of 156.4 MMboe;
- FY 2016 net average production of 40,188 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 Concludes Arrangement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash
CALGARY, ALBERTA, May 13, 2016 - Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER) today announced the closing of its going private arrangement transaction, pursuant to which Oando E&P Holdings Limited (the "Purchaser")
Oando Energy Resources 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