ONDOF Stock UPDATES Oando Energy (ONDOF) 1.5809 08/23/2014 2
Post# of 273249
Oando Energy Resources Reduces Debt by US$98 Million Through Conversion of Oando Plc Loan to Equity
PR Newswire Europe - Thu Aug 21, 5:44PM CDT
CALGARY, Alberta, August 21, 2014 /PRNewswire/ --
Oando Energy Resources reduces debt by US$98 million through conversion of Oando Plc loan to equity
CNW Group - Thu Aug 21, 5:09PM CDT
Oando Energy Resources Inc. ("Oando Energy Resources" or the "Company" (TSX:OER), a company focused on oil and gas exploration and production in Nigeria, is pleased to announce the conversion to equity of principal and interest in the amount of US$ 98 million, outstanding under the US$ 1.2 billion facility agreement dated 10 February, 2014 with Oando Plc (the "Oando Loan" (the "Conversion" . US$ 41 million of principal remains outstanding under the Oando Loan and an aggregate principal amount of approximately US$ 292 million remains available to be drawn under the Oando Loan.
Oando Energy Resources Announces Second Quarter Results
PR Newswire Europe - Fri Aug 15, 9:06AM CDT
CALGARY, Alberta, August 15, 2014 /PRNewswire/ --
Oando Energy Resources announces second quarter results
CNW Group - Fri Aug 15, 8:23AM 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 financial and operating results for the six month period ended June 30, 2014. The unaudited financial statements, notes and management's discussion and analysis pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR" at www.sedar.com and by visiting www.oandoenergyresources.com. All monetary figures reported herein are U.S. dollars unless otherwise stated.
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/ --