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Oando Energy Resources Completes Landmark Acquisition of ConocoPhillips Nigerian Oil and Gas Business for US$1.5 Billion
PR Newswire Europe - Wed Jul 30, 9:16AM CDT
CALGARY, Alberta, July 30, 2014 /PRNewswire/ --

Oando Energy Resources completes landmark acquisition of ConocoPhillips Nigerian oil and gas business for US$1.5 billion
CNW Group - Wed Jul 30, 8:00AM CDT
Oando Energy Resources Inc. ("OER" or the "Company" (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) for a total cash consideration of US$1.5 billion after customary adjustments plus a deferred consideration of US$33 million (the "Transaction" .

ConocoPhillips Completes Sale of Nigeria Business
Business Wire - Wed Jul 30, 6:02AM CDT
ConocoPhillips (NYSE: COP) today announced it has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. The sales price is inclusive of $550 million of deposits received, approximately $900 million received at closing, plus $33 million in deferred payments. The sales price less the cash in the business at closing, approximately $100 million, generated net proceeds of approximately $1.4 billion, after customary adjustments. The company expects to recognize an after-tax gain of approximately $1.1 billion for the sale.

Oando Energy Resources Completes Acquisition of Medal Oil
PR Newswire Europe - Fri Jul 11, 4:03PM CDT
CALGARY, Alberta, July 11, 2014 /PRNewswire/ --

Oando Energy Resources Reduces Debt Through Conversion of Oando Plc Loan to Equity
PR Newswire Europe - Wed Jul 09, 9:43PM CDT
CALGARY, Alberta, July 10, 2014 /PRNewswire/ --

Oando Energy Resources Targets End July for Final Close of the $1.65 Billion Acquisition of ConocoPhillips Nigerian Upstream Oil and Gas Business
PR Newswire Europe - Mon Jun 30, 6:01AM CDT
CALGARY, Alberta, June 30, 2014 /PRNewswire/ --

Oando Energy Resources targets end July for final close of the $1.65 billion acquisition of ConocoPhillips Nigerian Upstream Oil and Gas Business
CNW Group - Mon Jun 30, 6:00AM CDT
Oando Energy Resources Inc. ("Oando Energy Resources" or the "Company" (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that the Company and ConocoPhillips have entered into an agreement to extend the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) (the "ConocoPhillips Transaction" to July 31, 2014.

Oando Energy Resources Announces Re-election of Directors
PR Newswire Europe - Fri Jun 20, 9:08AM CDT
CALGARY, Alberta, June 20, 2014 /PRNewswire/ --

Oando Energy Announces Nigerian Government Approval of $1.65 Billion Acquisition of ConocoPhillips Nigerian Oil and Gas Business
PR Newswire Europe - Wed Jun 18, 10:29AM CDT
CALGARY, Alberta, June 18, 2014 /PRNewswire/ --

IIROC Trade Resumption - OER
CNW Group - Wed Jun 18, 9:06AM CDT
Trading resumes in:

IIROC Trade Resumption - Oando Energy Resources Inc.
Newsfile Corp - Wed Jun 18, 9:05AM CDT
Trading resumes in:



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