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Oando Energy Resources announces changes to Board of Directors

CALGARY, Oct. 18, 2012 /CNW/ - Oando Energy Resources Inc. ("OER" or the 
"Company") (TSX: OER), a company focused on oil exploration and production in 
Nigeria, today announced the appointment of Bill Watson to the OER Board of 
Directors and the resignations of Mr. Tony Henshaw and Mr. Stan Bharti, who 
resigned from the board to focus on other initiatives. 
"We look forward to welcoming Bill to the OER Board of Directors. His wide 
international experience and his Technical and Leadership experience will 
undoubtedly compliment our leadership team and we look forward to working with 
him in the future," said Adewale Tinubu, Chairman of OER's Board of Directors. 
"I would also like to thank Tony and Stan for the significant roles they 
played in the creation and evolution of our Company. We wish them well in 
their future endeavors." 
Bill Watson is a seasoned oil and gas professional with more than 35 years of 
progressive experience. For the past 20 years he has held executive and middle 
management roles both internationally and in North America. He most recently 
served as Husky Energy's Chief Operating Officer, S.E. Asia where he was 
responsible for managing Husky Energy's S.E. Asia Business activities. Prior 
to this, he held the position of VP Engineering and Projects at Husky Energy 
where he was the Lead Officer responsible for the strategies and execution 
plans of all Husky projects worldwide. Mr. Watson has also held senior E & P 
leadership positions with Marathon Oil, Amerada Hess, Triton Energy and 
Occidental. 
About Oando Energy Resources Inc. (OER) 
OER currently has a broad suite of producing, development and exploration 
properties in the Gulf of Guinea (predominantly in Nigeria) with current 
production of approximately 4,500 barrels of oil per day. OER has been 
specifically structured to take advantage of current opportunities for 
indigenous companies in Nigeria, which currently has the largest population in 
Africa, and one of the largest oil and gas resources in Africa. 
Forward Looking Statements: 
This news release contains forward-looking statements and forward-looking 
information within the meaning of applicable securities laws. The use of any 
of the words "expect", "anticipate", "continue", "estimate", "objective", 
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" 
and similar expressions are intended to identify forward-looking information 
or statements. In particular, this news release contains forward-looking 
statements relating to the intended Acquisition. 
Although the Company believes that the expectations and assumptions on which 
such forward-looking statements and information are reasonable, undue reliance 
should not be placed on the forward-looking statements and information because 
the Company can give no assurance that such statements and information will 
prove to be correct. Since forward-looking statements and information address 
future events and conditions, by their very nature they involve inherent risks 
and uncertainties. 
Actual results could differ materially from those currently anticipated due to 
a number of factors and risks. These include, but are not limited to: risks 
related to international operations, the actual results of current exploration 
and drilling activities, changes in project parameters as plans continue to be 
refined and the future price of crude oil. Accordingly, readers should not 
place undue reliance on the forward-looking statements. Readers are cautioned 
that the foregoing list of factors is not exhaustive. 
There is no certainty that any portion of the resources referred to herein 
will be discovered and, if discovered, there is no certainty that it will be 
commercially viable to produce any portion of the resources. 
Additional information on these and other factors that could affect the 
Company's financial results are included in reports on file with applicable 
securities regulatory authorities and may be accessed through the SEDAR 
website (www.sedar.com) for the Company. The forward-looking statements and 
information contained in this news release are made as of the date hereof and 
the Company undertakes no obligation to update publicly or revise any 
forward-looking statements or information, whether as a result of new 
information, future events or otherwise, unless so required by applicable 
securities laws. 
Pade Durotoye, CEO Oando Energy Resources Inc. 
pdurotoye@oandoenergyresources.com +1403 561 1713 
Tokunboh Akindele Head Investor Relations Oando Energy Resources Inc. 
takindele@oandoenergyresources.com +1403 560 7450 
Jeremy Dietz/David Feick Investor Relations +1 403 218 2833 
jdietz@equicomgroup.com dfeick@equicomgroup.com 
SOURCE: Oando Energy Resources Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/18/c8170.html 
CO: Oando Energy Resources Inc.
ST: Alberta
NI: OIL 2575 WNEWS  
-0- Oct/18/2012 15:08 GMT