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Slide #71. Oando Energy Resources Inc. — Shares in Oando Qua Ibo Limited
Acquirer:
Oando Energy Resources Inc. (OER.CA)
Acquiree:
Shares in Oando Qua Ibo Limited
Details:
Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil exploration and production in Nigeria, today announced the closing of its acquisition from Oando Plc ("Oando") of shares in Oando Qua Ibo Limited (which holds a 40% participating interest in the Qua Ibo Field) and Oando Reservoir and Production Services Limited respectively.
Oando Energy Resources is engaged in the acquisition of petroleum and natural gas rights, the exploration for and development and production of oil and natural gas primarily focused in Nigeria and Sao tome and Principe.
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