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, 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;
- H1, 2015 net average production of 56,163 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.
Oando Energy Resources Announces $91 Million Upsizing Of Rbl Facility And Repayment Of $100 Million Afrexim Subordinated Loan Facility
CALGARY, ALBERTA, November 3, 2015 – Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today is pleased to announce a $91 Million upsizing of its senior secured facility
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.