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Last €1.28 EUR
Change Today +0.188 / 17.18%
Volume 0.0
O03 On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
As of 2:15 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

oando energy resources inc (O03) Snapshot

Open
€1.09
Previous Close
€1.09
Day High
€1.28
Day Low
€1.08
52 Week High
06/23/14 - €1.38
52 Week Low
02/2/15 - €0.40
Market Cap
1.0B
Average Volume 10 Days
560.0
EPS TTM
--
Shares Outstanding
795.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OANDO ENERGY RESOURCES INC (O03)

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oando energy resources inc (O03) Details

Oando Energy Resources Inc. acquires, explores, develops, and produces oil and natural gas primarily in Nigeria, and São Tomé and Príncipe. The company produces and sells crude oil, natural gas, and natural gas liquids. It holds interests in 16 licenses for the exploration, development, and production of oil and gas assets located onshore, swamp, and offshore. The company is headquartered in Calgary, Canada. Oando Energy Resources Inc. is a subsidiary of Oando Plc.

90 Employees
Last Reported Date: 04/1/15

oando energy resources inc (O03) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $359.5K
Chief Financial Officer
Total Annual Compensation: $222.6K
Chief Technical Officer
Total Annual Compensation: $339.9K
Compensation as of Fiscal Year 2013.

oando energy resources inc (O03) Key Developments

Oando Energy Resources Inc. Reports Audited Consolidated Financial and Operating Results for the Fourth Quarter and Year Ended December 31, 2014

Oando Energy Resources Inc. reported audited consolidated financial and operating results for the fourth quarter and year ended December 31, 2014. For the year, the company’s net revenue was $421.4 million in 2014, an increase of $294.2 million over $127.2 million earned in 2013, primarily as a result of the COP Acquisition. The company incurred a net loss of $320.0 million during the year, as compared to a net loss of $38.2 million in 2013. This was mainly due to non-cash asset impairment charges of $462.8 million, as well as approximately $84.9 million in transaction costs associated with the acquisition of the ConocoPhillips Nigerian business. Cash flows from operating activities were $116.1 million, an increase of $38.7 million from $77.4 million in 2013, primarily as a result of increased cash flow generated by the Acquisition Assets. The capital expenditures consisted of $38.1 million for enhancing the Acquisition Assets and $122.9 million for Legacy Assets' drilling and completion activities, construction of gathering systems and facilities, and capital asset maintenance projects. Diluted net loss per share was $0.53 compared to $0.36 a year ago. For the fourth quarter, the company reported revenue of $174,042,000 against $23,976,000 a year ago. Cash flow from operating activities was $63,652,000 compared to $34,523,000 a year ago. Basic and diluted net loss per share was $0.40 against basic and diluted net income per share was $0.32 a year ago. Capital expenditures were $41,206,000 against $45,573,000 a year ago. Net income for the period was $232,033,000 compared to $41,008,000 a year ago. For the full year 2014, production increased to 9.1 MMboe (average 24,945 boe/day) from 1.5 MMboe (average 3,991 boe/day) in 2013. Crude oil was 4,092,973 bbl against 1,456,818 bbl a year ago. NGL was 475,053 boe/day. Natural Gas was 27,221,832 mcf. For the fourth quarter of 2014, production increased to 54,721 boe/day from 4,413 boe/day in 2013 which included 50,226 boe/day from the assets acquired in the COP Acquisition. Total production was 5,034,358 boe compared to 406,029 boe a year ago. Crude oil was 2,000,821 bbl against 406,029 bbl a year ago. NGL was 291,907 boe/day. Natural Gas was 16,449,778 mcf.

Oando Energy Resources Inc. Auditor Raises 'Going Concern' Doubt

Oando Energy Resources Inc. filed its Annual on Apr 01, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Oando Energy Resources Announces $238 Million Prepayment of Certain Loan Facilities

Oando Energy Resources Inc. announced a $238 Million prepayment of certain loan facilities, which it utilized for the $1.5 Billion acquisition of the ConocoPhillips Nigerian Oil and Gas Business in July, 2014.

 

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Price/Book 1.0x
Price/Cash Flow 4.4x
TEV/Sales 0.4x
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