Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips

Oando Energy Resources increases deposit for acquisition of Nigerian Upstream 
Oil and Gas Business of ConocoPhillips 
CALGARY, April 17, 2014 /CNW/ - 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, further to its 
press release dated March 28, 2014, the Company has paid a previously agreed 
upon deposit of $25 million for the extension of the outside completion date 
for the acquisition of the Nigerian Upstream Oil and Gas Business of 
ConocoPhillips (NYSE: COP). The $25 million deposit was required to be paid 
following the inability of the parties to obtain the consent of the Honourable 
Minister of Petroleum Resources in Nigeria prior to April 11, 2014. 
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 intended acquisitions. 
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, completion of the ConocoPhillips 
Acquisition on the terms described or in a timely manner, 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 
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 under the Company's 
profile on  SEDAR website (www.sedar.com). 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.

SOURCE  Oando Energy Resources Inc. 
 Pade Durotoye, CEO Oando Energy Resources Inc. 
pdurotoye@oandoenergyresources.com +1 403-561-1713 
Tokunboh Akindele Head Investor Relations Oando Energy Resources Inc. 
takindele@oandoenergyresources.com +1 403-560-7450 
Jeremy Dietz/David Feick Investor Relations +1 403-218-2833 
jdietz@tmxequicom.com dfeick@tmxequicom.com 
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CO: Oando Energy Resources Inc.
ST: Alberta
-0- Apr/17/2014 21:00 GMT
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