Last C$1.80 CAD
Change Today +0.10 / 5.88%
Volume 9.5K
OER On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
As of 1:36 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

oando energy resources inc (OER) Snapshot

Open
C$1.79
Previous Close
C$1.70
Day High
C$1.80
Day Low
C$1.79
52 Week High
06/20/14 - C$2.29
52 Week Low
08/28/13 - C$0.94
Market Cap
1.2B
Average Volume 10 Days
6.7K
EPS TTM
C$-0.44
Shares Outstanding
678.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OANDO ENERGY RESOURCES INC (OER)

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oando energy resources inc (OER) Details

Oando Energy Resources Inc. acquires, explores, develops, and produces oil and natural gas primarily in Nigeria, and São Tomé and Príncipe. It holds interests in 11 licenses in oil and gas fields or blocks, which are located onshore on land or swamp, and offshore in shallow or deep waters in Nigeria. The company is headquartered in Calgary, Canada. Oando Energy Resources Inc. is a subsidiary of Oando Plc.

64 Employees
Last Reported Date: 03/31/14

oando energy resources inc (OER) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $359.5K
Chief Financial Officer
Total Annual Compensation: $222.6K
Chief Operating Officer
Total Annual Compensation: $318.3K
Chief Technical Officer
Total Annual Compensation: $339.9K
Compensation as of Fiscal Year 2013.

oando energy resources inc (OER) Key Developments

Oando Energy Resources Inc. Executes Extension of Availability Period of its Senior Secured Loan Agreement

Oando Energy Resources Inc. announced that it has extended the availability period of the $450 million senior secured facility agreement arranged by a group of international banks including Standard Chartered Bank (acting as Facility Agent and Security Agent), BNP Paribas and Standard Bank of South Africa Limited (the 'RBL') to August 31, 2014. The RBL is a 5.5 year facility which amortises quarterly with an annual interest rate of LIBOR plus 8.5%. Proceeds from the RBL are intended to be used to fund a portion of the purchase price for the ConocoPhillips Acquisition.

Oando Energy Resources Inc. Presents at 11th Africa Independents Forum, Jun-03-2014 09:10 AM

Oando Energy Resources Inc. Presents at 11th Africa Independents Forum, Jun-03-2014 09:10 AM. Venue: Royal Institution, 21 Albemarle St, London W1S 4BS, United Kingdom. Speakers: Phil Dimmock, Advisor.

Oando Energy Resources Inc Announces Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Capital Expenditure Guidance for the Year 2014

Oando Energy Resources Inc. announced earnings and production results for the first quarter ended March 31, 2014. The company reported $32.2 million of revenue for the quarter ended March 31, 2014. This represented a 5% increase from $24 million reported in the same period last year. Net loss was $39.9 million or $0.14 per diluted share against $41.0 million or $0.32 per diluted share reported last year. The net loss was as primarily as a result of financing expenses relating to the COP Acquisition. Cash flow from operating activities was $10.3 million compared to cash outflow of $18.0 million from the same period last year. Capital expenditures were $42.55 million against $45.6 million reported last year. For the quarter ended March 31, 2014, the company reported average oil production of 4,531 bbl/d. This represented a 22% increase over the same period last year. The increase in production was a result of reduced shut-in periods on OML 56 (Ebendo Field) resulting in a 110% production increase over same period in 2013. Total production was 407,802 bbls against 406,029 bbls produced last year. Budgeted capital expenditures for OML 56 were set at $22.7 million for 2014. Budgeted capital expenditures for OML 13 - Qua Ibo Field were set at $40.6 million for 2014. Budgeted capital expenditures for OML 134 were set at $7.4 million for 2014.

 

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TEV/Sales 1.7x
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