Oando Energy Resources announces closing of Qua Ibo Acquisition

CALGARY, April 30, 2013 /CNW/ - 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. 
As was announced on March 27, 2013, OER signed binding documentation with 
Oando to indirectly acquire, from Oando, equity interests in Oando Qua Ibo 
Limited, a Nigerian company established to hold a 40% participating interest 
in the Qua Ibo Marginal Field within OML 13, and Oando Reservoir and 
Production Services Limited, a Nigerian company (collectively, the 
"Acquisition"). Oando currently holds 94.6% of the issued and outstanding 
common shares of OER. 
No securities of OER were issued in relation to the Acquisition and closing of 
the Acquisition will not result in any changes to the shareholders of OER. 
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 4,300 barrels of oil per day from the Abo Field in 
OML 125 and the Ebendo Field in OML56. 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. 
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. 
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. 
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CO: Oando Energy Resources Inc.
ST: Alberta
-0- Apr/30/2013 21:00 GMT
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