ATrulyIndigenous NigerianOil&GasPlayer ListedontheToronto StockExchange 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 5 3,256 boepd AverageNetProduction 230.6 MMboe 2PReserves 547.3 2CResources MMboe 7 Producing Assets OML 125 NIGERIA OPL 321 & 323 OML 134 OML 122 - Bilabri Field OML 90 - Akepo Field OML 56 - Ebendo Field CAMEROON EQUATORIAL GUINEA EEZ Block 5 SAO TOME & PRINCIPE Production Phase Development Phase Exploration Phase SAO TOME & PRINCIPE - NIGERIA JOINT DEVELOPMENT ZONE GABON EEZ Block 12 OML 145 OML 131 OML 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
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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 MMboe
2P�Reserves547.32C�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�Injectors
12 1100 2100Flow�Stations Oil�Trunk�Lineskm Flow�Lineskm 171360
Gas�TrunkLines
Oil�TerminalCommunities49 Oil�TrunkLines
INVESTOR CONTACTPade Durotoye CEO, OER
Tokunboh Akindele Head, Corporate Development & Investor Relations
+234 (1) 2702496 [email protected]
+234 (1) [email protected]
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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