March 27, 2017 3:14 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Oando Energy Resources Inc.

Company Overview

Oando Energy Resources Inc. engages in the acquisition, exploration, development, and production of oil and natural gas in Nigeria, and São Tomé and Príncipe. It holds interests in 16 licenses of oil and gas concessions located onshore, swamp, and offshore. The company was founded in 2012 and is headquartered in Calgary, Canada.

112 4th Avenue SW

Sun Life Plaza

Suite 1230

Calgary, AB T2P 0H3

Canada

Founded in 2012

Phone:

403-719-9152

Fax:

403-719-9153

Key Executives for Oando Energy Resources Inc.

Chief Executive Officer, President and Director
Executive Chairman
Chief Financial Officer
Chief Operating Officer
Executive Director
Compensation as of Fiscal Year 2016.

Oando Energy Resources Inc. Key Developments

Oando Energy Resources To Be Deleted From Other OTC

Oando Energy Resources Inc Common Shares (Canada) to be deleted from Other OTC, effective May 17, 2016. The deletion was due to Acquisition/Merger/Amalgamation.

Oando Energy Resources To Be Delisted From Toronto Stock Exchange

Oando Plc to delist its foreign-listed subsidiary, Oando Energy Resources (OER) Inc, after buying over shares of minority shareholders. OER is listed on the Toronto Stock Exchange . Under the privately arranged transaction, Oando E&P Holdings Limited, a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando Plc, acquired all of the issued and outstanding common shares of OER held by minority shareholders. The transaction excluded shares held by management shareholders and institutional shareholders such as Oando Plc, M1 Petroleum Ltd., West African Investment Ltd. and Southern Star Shipping Company Inc. The shares were purchased at cash consideration of $1.20 per minority share. Oando Plc, either directly or indirectly, holds 746,107,838 of the common shares, representing approximately 93.7% of the issued and outstanding common shares immediately prior to completion of the going private transaction. With the completion of the Plan of Arrangement, it is expected that the common shares of the OER will be delisted from the Toronto Stock Exchange at the close of business on May 16, 2016.

Oando Energy Resources Inc. Presents at 14th Africa Independents Forum, May-25-2016 09:30 AM

Oando Energy Resources Inc. Presents at 14th Africa Independents Forum, May-25-2016 09:30 AM. Venue: The Waldorf Hilton Hotel, London, United Kingdom. Speakers: Olapade O. Durotoye, Chief Executive Officer, President, Director, Member of Environmental, Health & Safety Committee and Member of Reserves & Resources Committee.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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