Investor
relations

Bullish in pursuit of new opportunities

 

Our position as a leading integrated energy company operating in Africa gives us the scale and capability to pursue a range of new projects and acquisition opportunities. These include a multitude of farm-in and acquisition opportunities to realise our medium-term to long-term strategy. While our immediate focus is on Nigeria, we are evaluating other opportunities in the Gulf of Guinea.

International oil companies are increasingly focused on deeper offshore opportunities and have undertaken major onshore divestments, thus offering unique acquisition opportunities for indigenous independents in reserves, resources, and production. 

We are able to identify substantial unused production capacity in shut-in areas which present difficulties to International Oil Companies , but where indigenous companies can operate.

We stand to benefit immensely from favourable terms granted to indigenous companies that will make previously non-profitable projects profitable.

 
 

Company financials

Financial statements and MD&A

2024

Oando PLC

2023

Oando PLC

2022

Oando PLC

2021

Oando PLC

2020

Oando PLC

2019

Oando PLC

2018

Oando PLC

2017

Oando PLC

2016

Oando PLC

2015

OER

2014

OER

2013

OER

2012

OER

2012

Oando Exploration & Production

Exile Resources

2011

Oando Exploration & Production

Exile Resources

2010

Oando Exploration & Production

Exile Resources

2009

Exile Resources

2008

Exile Resources

2018

January

DateDescription
January 22, 2018Oando PLC’s Official Statement on ‘Peace Accord’ with Alhaji Dahiru Mangal
January 23, 2018Oando PLC Announces the Appointment of a New Director

February

DateDescription
February 01, 2018Oando PLC Announces the Appointment of Director

March

DateDescription
March 01, 2018Oando PLC Announces a Delay in the Publication of its Full Year End (FYE) 2017 Financial Results
March 29, 2018OANDO PLC (“The Company”) – UPDATE ON THE APPROVAL OF THE 2017 AUDITED FINANCIAL STATEMENTS

April

DateDescription
April 04, 2018Oando Commissions New Office Space: The Wings Office Complex
April 11, 2018Oando Plc (“The Company”) – Update on the Approval of the 2017 Audited Financial Statements Pursuant to Rule 19.2 of the Nigerian Stock Exchange Issuers Rules
April 12, 2018Market Update: Oando PLC’s Official Statement on the Lifting of the Technical Suspension on the Company’s Shares
April 19, 2018Oando PLC Awarded Engineering, Procurement and Construction (EPC) Mandate to Develop Ajaokuta-Kaduna-Kano Gas Pipeline Project by the Nigerian Petroleum Corporation (NNPC)
April 27, 2018Oando PLC Announces Full Year-end 2017 Results, Posts N19.8 Billion Profit-After-Tax
April 30, 2018Oando PLC Announces First Quarter, 2018 Results, Posts N4.2 Billion Profit-After-Tax

July

DateDescription
July 04, 2018Notice of 41st Annual General Meeting
July 16, 2018Oando PLC’s Statement on Media Reports Claiming that a Ruling by the London Court of International Arbitration has Ordered Oando PLC to Pay Ansbury Inc. the Sum of $680million
July 26, 2018Oando PLC Announces H1 2018 Results, Posts N8.5 Billion Profit-After-Tax
July 27, 2018Oando Plc Successfully Concludes 41st Annual General Meeting

October

DateDescription
October 30, 2018Oando PLC Announces YTD September 2018 Results, Posts N10.4 Billion Profit-After-Tax

2017

April

DateDescription
April 03, 2017Oando PLC Completes $115.8 Million Gas and Power Partial Divestment to Helios Investment Partners
April 03, 2016Oando Plc announces a delay to the publishing of Year Ended 31 December 2016 results
April 17, 2017Oando PLC Announces Q1 2017 Results, Posts N1.7 Billion PAT

July

DateDescription
July 14, 2017Oando PLC’s Official Statement on Claims of an SEC Investigation
July 17, 2017Oando PLC Announces YTD June 2017 Results, Posts N4.6 Billion Profit-After-Tax

August

DateDescription
August 28, 2017OANDO PLC’S OFFICIAL STATEMENT ON CLAIMS OF A SEC INVESTIGATION

September

DateDescription
Septemeber 06, 2017OANDO PLC’s OFFICIAL STATEMENT ON THE SEC INVESTIGATION: AGM TO HOLD AS PLANNED
Septemeber 11, 2017OANDO PLC SUCCESSFULLY CONCLUDES 40TH AGM

October

DateDescription
October 18, 2017Oando PLC’s Official Statement on the Securities and Exchange Commission’s Directive to The Nigerian Stock Exchange to Suspend Trading of Oando Shares
October 24, 2017Oando PLC’s Position on the Securities and Exchange Commission’s Alleged Findings
October 24, 2017Oando PLC’s Official Statement on the Securities and Exchange Commission’s Alleged Findings following their Investigation of the Company and their Penalties / Implications

November

DateDescription
November 01, 2017Oando PLC Announces YTD September 2017 Results, Posts N7.1 Billion Profit-After-Tax
November 30, 2017Oando PLC Announces Relocation of its Head Office to the Wings Office Complex Lagos, Nigeria

December

DateDescription
December 15, 2017Oando PLC’s Official Statement on the Securities and Exchange Commission’s Commencement of a Forensic Audit into the Affairs of the Company

2016

May

DateDescription
May 13, 2016Oando Energy Resources Concludes Arrangement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash

April

DateDescription
April 29, 2016Oando Energy Resources Announces Extension of Outside Date
April 5, 2016OER Announces Execution of PSC for Block 12 and Farm Out of Block 5 and 12

March

DateDescription
March 30, 2016Oando Energy Resources Announces Year End 2015 Results
March 24, 2016Oando Energy Resources Announces Extension of Outside Date

February

DateDescription
February 25, 2016Shareholders Approve Arrangement With Oando PLC
February 3, 2016Oando Energy Resources Mails Notice Of Meeting And Management Information Circular Regarding Transaction With Oando Plc To Acquire OER Minority Shares

2015

December

DateDescription
December 22, 2015Oando Energy Resources Enters Into Agreement With Oando Plc For Oando Plc To Acquire Oer Minority Shares For A Consideration Of Us$1.20 Per Share In Cash

November

DateDescription
November 4, 2015Oando Energy Resources Announces $91 Million Upsizing Of Rbl Facility And Repayment Of $100 Million Afrexim Subordinated Loan Facility

October

DateDescription
October 26, 2015Oando Energy Resources Announces Third Quarter 2015 Results

September

DateDescription
September 2, 2015Oando Energy Resources Announces Continuance To British Columbia

August

DateDescription
August 4, 2015Oando Energy Resources Announces Second Quarter 2015 Results

July

DateDescription
July 24, 2015Oando Energy Resources Comments On Trading Activity At The Request Of Iiroc
July 14, 2015Oando Energy Resources Reports Explosion At Tebidaba-Clough Creek Line In Bayelsa State, Nigeria

June

DateDescription
June 30, 2015Oando Energy Resources Reports Fire Incident At Ebocha Oil Centre In Rivers State, Nigeria
June 15, 2015Oando Energy Resources Announces Election of Directors

May

DateDescription
May 1, 2015OER Announces First Quarter 2015 Result

April

DateDescription
April 8, 2015OER Announces Significant Increase in Reserves
April 1, 2015OER Announces Year End 2014 Results

March

DateDescription
March 9, 2015OER Announces Production increase from the Commencement of Production on Qua Iboe Field
March 3, 2015OER Announces the Optimisation of its Crude Oil Hedge program and a $238 million prepayment of certain loans Facilities

2014

December

DateDescription
December 31, 2014Oando Energy Resources Announces Listing of Warrants on TSX
December 05, 2014Oando Energy Resources Announces Completion of The Umugini Pipeline

November

DateDescription
November 13, 2014Oando Energy Resources Inc. Announces Record Third Quarter Results

September

DateDescription
September 05, 2014Oando Energy Resources Inc. Announces Distribution by Control Block Holder

August

DateDescription
August 20, 2014Oando Energy Resources Reduces Debt by US$98 Million Through Conversion of Oando PLC Loan to Equity
August 15, 2014Oando Energy Resources Announces Second Quarter Results

July

DateDescription
July 30, 2014Oando Energy Resources Completes Landmark Acquisition of ConocoPhillips Nigerian Oil and Gas Business for US$1.5 Billion
July 11, 2014Oando Energy Resources Completes Acquisition of Medal Oil
July 09, 2014Oando Energy Resources Reduces Debt Through Conversion of Oando PLC Loan to Equity

June

DateDescription
June 30, 2014OER Targets End July for Final Close of the $1.65 Billion Acquisition of ConocoPhillips Nigerian Oil and Gas Business
June 20, 2014Oando Energy Resources Announces Re-election of Directors
June 18, 2014OER Announces Nigerian Government Approval of $1.65 Billion Acquisition of ConocoPhillips Nigerian Oil and Gas Business

May

DateDescription
May 16, 2014OER Announces First Quarter Results

April

DateDescription
April 30, 2014Oando Energy Resources Extends Completion Date for Acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhilips
April 17, 2014Oando Energy Resources Increases Deposit for Acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhilips
April 09, 2014OER Executes Extension of Availability Period of its Senior Secured Loan Agreement for Acquisition of Nigerian Assets from ConocoPhillips
April 01, 2014OER Announces Year End Results

March

DateDescription
March 03, 2014OER Extends Completion Date For Acquisition of Nigerian Upstream Oil and Gas Business of Conocophillips

February

DateDescription
February 27, 2014OER Closes Private Placement and Converts Loan
February 19, 2014Oando Refutes Claims of Planned OES Sale
February 10, 2014OER Enters into New Facility Agreement with Oando Plc
February 10, 2014OER Provides Further Update on Private Placement

January

DateDescription
January 31, 2014OER Executes Binding Loan Agreement for Acquisition of Nigerian Assets from ConocoPhillips
January 31, 2014OER secures funding for acquisition of Nigeria upstream oil and gas business for Conocophillips
January 28, 2014OER Announces agreement for US$50 million private placement

2013

2013 December

DateDescription
December 24, 2013OER Executes Second Facility Agreement with Oando Plc
December 16, 2013OER amends Loan Agreement with Oando PLC

2013 November

DateDescription
November 14, 2013Q3 2013 Result
November 28, 2013OER provides an update on the Acquisition of Conocophillips Nigeria Buisness and amends load Agreement with Oando PLC

2013 October

DateDescription
October 11, 2013OER Receives Signed Commitment letter for upto US$815 Million

2013 September

DateDescription
September 30, 2013OER Extends Repayment Date For Oando Loan
September 16, 2013Oando Energy Resources Provides an Update on the Conocophillips Acquisition

2013 August

DateDescription
August 19, 2013OER Files Preliminary Base Shelf Prospectus

2013 May

DateDescription
May 30, 2013OER Announces New Loan Agreement
May 17, 2013OER Announces Additional Production Capacity from Ebendo Field
May 16, 2013OER Announces Q1 2013 Results
May 16, 2013OER Announces Closing of QUA IBO Acquisition

2013 April

DateDescription
April 25, 2013OER Announces Resumpition of full production from production from Ebendo field
April 14, 2013OER Announces Director Resignation
April 02, 2013OER Announces Year End Results & Reserves Update

DateDescription
March 28, 2013OER Announces Operational Update
March 27, 2013OER Signs Documentation to Acquire 40% Participating Interest in Qua Ibo Marginal Field within OML 13

2012

2012 December

DateDescription
December 30, 2012Oando Energy Resumes Production from the Ebendo Field
December 21, 2012Oando Energy Resources Signs Agreements to Acquire Conocophillips Nigerian Assets for US$1.79 Billion
December 17, 2012Oando Energy Resources Announces Appointment of Board of Directors
December 11, 2012Oando Energy Resources Expects Production Restart in Two weeks in the Ebenbo Field

2012 November

DateDescription
November 02, 2012Oando Energy Resources announces Q3 Financials Statement
November 13, 2012Oando Energy Resources Announces Closure Of NAOC Evacuation Pipeline For Ebendo Field

2012 October

DateDescription
19 October 2012OER Announces Changes to Board of Directors

2012 July

DateDescription
27 July 2012Oando Energy Resources Inc. Obtains Listing Approval from the Toronto Stock Exchange (the "TSX")
24 July 2012Oando Energy Resources Inc. announces Closing of Acquisition of Exploration and Production Division of Oando PLC and Related Director and Management Changes
18 July 2012Exile Resources Inc. Announces Correction
18 July 2012Exile Resources Inc. Announces Closing Date for Proposed Acquisition

2012 January

DateDescription
30 January 2012Exile Resources Inc. Provides Update on Proposed Acquisition
03 January 2012Exile Resources Inc. Announces Officer Appointment

2011

2011 December

DateDescription
29 December 2011Exile Resources Inc. Announces Results of Special Meeting of Shareholders
13 October 2011Exile Resources Inc. and Oando PLC Announce Execution of Definitive Agreement
02 August 2011 Exile Resources Inc. and Oando PLC Announce Proposed Acquisition and Financing