OER Factsheet 2014 5th Dec - Oando PLC · Average daily production rates above are reported as at Feb 28, 2015 for OML 60-63 and as at Mar 08, 2015 for OML 125, OML 56, and OML 13

A�Truly�Indigenous�Nigerian�Oil�&�Gas�Player�

Listed�on�the�Toronto�Stock�Exchange

Oando Energy Resources (OER) is one of Africa's leading exploration and production Companies, listed on the Toronto Stock Exchange. The Company has successfully built a vast portfolio of oil and gas assets in selected African basins and acts as both operator and partner to Nigerian and Multinational companies. OER holds interests in 16 licenses for the exploration, development and production of oil and gas assets located onshore, swamp, and offshore.

OML 60

OML 61

OML 62

OML 63

OML 125

OML 56

OML 13*

20%

20%

20%

20%

15%

42.75%

40%

AGIP

AGIP

AGIP

AGIP

ENI

Energia

Network E&P

Asset W.I. Operator

OML 90*

OML 134

OML 122*

40%

15%

5% Oil, 12% Gas

Sogenal

ENI

Peak

Asset W.I. Operator

EEZ 5

EEZ 12

OML 321& 323

OML 131

OML 145

100%

N/A

30%

100%

20%

OER

TBD

KNOC

OER

ExxonMobil

Asset W.I. Operator

Fact Sheet

ASSET OVERVIEW

OPERATIONAL OVERVIEW 53,256 boepd

Average�Net�Production230.6 MMboe2P�Reserves

547.32C�Resources

MMboe7 ProducingAssets

OML 125

NIGERIA

OPL 321 & 323

OML 134

OML 122 - Bilabri Field

OML 90 - Akepo Field

OML 56 - Ebendo Field

CAMEROON

EQUATORIALGUINEA

EEZ Block 5

SAO TOME& PRINCIPE

Production Phase

Development Phase

Exploration Phase

SAO TOME & PRINCIPE - NIGERIAJOINT DEVELOPMENT ZONE

GABON

EEZ Block 12

OML 145

OML 131

OM

L 62

OML 60

OML 61

OML 63

OML 13 - Qua Ibo Field

ASSET PORTFOLIO

*OER is Technical Partner

TSX: OER

Stock Price (as at 09 Mar, 2015)

Shares Outstanding

Market Capitalization

52 Week Range

C$1.06

795,419,213

C$843 Million

C$0.75 - C$2.29

Average daily production rates above are reported as at Feb 28, 2015 for OML 60-63 and as at Mar 08, 2015 for OML 125, OML 56, and OML 13All Reserves & Resources estimates are classified in line with NI 51-101 regulations and Canadian Oil & Gas Evaluation Handbook Standards. All estimates are from Independent Reserves Evaluator Report dated 31st December 2013.

Cautionary StatementThis factsheet does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Oando Energy Resources (the “Company”) shares or other securities.This factsheet includes certain forward looking statements with respect to certain development projects, potential collaborative partnerships, results of operations and certain plans and objectives of the Company including, in particular and without limitation, the statements regarding potential sales revenues from projects, both current and under development, possible launch dates for new projects, and any revenue and profit guidance. By their very nature forward looking statements involve risk and uncertainty that could cause actual results and developments to differ materially from those expressed or implied.

PEER VALUATION

Enterprise Value / Daily Production (US$/boepd)

OER

29.96

Afren Seplat Eland Heritage Mart Tullow

37.59

44.6531.08

132.26

44.73

86.07

180

160

140

120

100

80

60

40

20

0

Enterprise Value / 2P (US$/boe)Market Capitalization / 2P (US$/boe)

OER

3.17

Afren Seplat Eland Heritage Mart Tullow

0.54

5.01 3.593.69

9.66

13.31

45

40

35

30

25

20

15

10

5

0

Enterprise Value / 2P+2C (US$/boe)

OER

1.73

Afren Seplat Eland Heritage Mart Tullow

3.33 2.07 1.864.08

9.94

4.81

45

40

35

30

25

20

15

10

5

0

OER

5.84

Afren Seplat Eland Heritage Mart Tullow

7.804.63

3.014.49

9.94

18.19

45

40

35

30

25

20

15

10

5

0

KEY METRICS & COMPARABLES

Avg. Daily Prod. (bopd; net)

2P Reserves (mmboe)

2P+2C Reserves (mmboe)

Base Currency Share Price

US$ Share Price

No. of Shares Outstanding

Market Cap. (US$’mm)

Net Debt (US$’mm)

Enterprise Value (US$’mm)

EV/2P (US$/boe)

EV/2P+2C(US$/boe)

EV/Avg. Daily Prod.

(US$’00/bopd)

COMPANY Afren Seplat Heritage OilEland O&G Mart Tullow Average OEROER Estimates:

Production & Reserves estimates based on CPR estimates for NAOC JV and OER existing assets

OER 2C Resources include Petrenel- evaluated values for offshore assets - OML 131 (210MMboe), and OML 145 (82MMboe)

Market Capitalization as at 09 Mar. 2015

Market Capitalization for Heritage Oil reflecting takeover price and shares outstanding

Ebendo

OM

L 62

OML 60

OM

L 61

Eleme

Bonny

Brass River

Qua Ibo

Obama

Oshi

Irri-isoko

Ob-Ob

Umusadege

Kwale-Okpai IPP

Forcados

CloughCreek

Tebidaba

Ebocha

Idu

Akri

Oil & Gas Plant

FPSO

Petrochemical Plant

Power Plant

OM

L 63

Kwale

Oil & NGL Terminal

OML 125

Wellhead Platform

Flowstation

Oil Pipeline

Gas Pipeline

Beniboye

Key

Ogbainbiri

Qua Ibo

Akepo

*Assets highlighted in red do not belong to OER

40 322 146Fields Wells�Drilled Wells�in�production 11 Gas�Injectors12 1100 2100Flow�Stations Oil�Trunk�Lineskm Flow�Lineskm 17

1360Gas�TrunkLines

Oil�TerminalCommunities49 Oil�TrunkLines

INVESTOR CONTACTPade Durotoye CEO, OER

Tokunboh Akindele Head, Corporate Development & Investor Relations

+234 (1) 2702496 takindele@oandoenergyresources.com

+234 (1) 2601290pdurotoye@oandoenergyresources.com

www.oandoenergyresources.com

INFRASTRUCTURE

FINANCIAL PERFORMANCE

Revenue

Revenue Growth

EBITDA

EBITDA Margin

Net Income

247,380

140%

41,236

17%

(88,008)

YTD Sept 2014 YTD Sept 2013

103,235

(4%)

64,276

62%

2,776

$’000

Fixed Assets

Cash & Bank

Current Borrowings

Non-Current Borrowings

Total Equity

1,005,264

13,234

196,837

623,930

1,237,260

YTD Sept 2014 FYE 2013

249,388

12,677

496,099

124,776

311,330

$’000

33,100

159

373

0.05

0.08

1,107

86

1,154

1,240

7.80

3.33

37.59

33,419

222

497

1.29

2.01

553

1,113

(86)

1,027

4.63

2.07

44.65

3,500

31

50

0.46

0.72

155

111

(18)

93

3.01

1.86

31.08

14,000

412

454

3.20

5.47

278

1,521

331

1,852

4.49

4.08

132.26

4,764

18

18

0.56

0.49

357

174

5

179

9.94

9.94

44.73

77,100

369

1396

3.46

5.40

910

4,912

1,802

6,714

18.19

4.81

86.07

27,647

202

465

1.50

2.36

560

1,319

531

1,851

8.01

4.35

62.73

53,256

231

778

1.06

0.92

795

733

615

1,348

5.84

1.73

29.96

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