OER

OER focuses on acquiring, exploring, developing and producing oil and natural gas properties. Read more

Olapade Durotoye's photo - CEO of OER

CEO

Olapade Durotoye

CEO Approval Rating

68/100

Founded:

1956

Status:

PublicIndependent CompanyTMX Group - Toronto Stock ExchangeOER

OER TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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Seplat is seen as one of OER's biggest rivals. Seplat was founded in 2009 in Ikoyi, Lagos. Like OER, Seplat also operates in the Oil & Gas Exploration, Production, Sales sector. Seplat generates $333.2M more revenue than OER.

Nigeria Lng is one of OER's top competitors. Nigeria Lng was founded in null, and its headquarters is in , . Nigeria Lng operates in the industry. Nigeria Lng has 1 more employees than OER.

Sahara Group is one of OER's top rivals. Sahara Group was founded in null, and is headquartered in , . Sahara Group operates in the industry. Sahara Group generates $9.7B more revenue vs. OER.

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OER Quarterly and Annual Revenue

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Annual Revenue

$266.8M

OER's revenue is the ranked 12th among it's top 10 competitors. The top 10 competitors average 3.2B.

OER Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Medal Oil Company Limited

Jul 2014

Source »
$5M
-

These are all the companies that OER has acquired. OER's latest acquisition was Medal Oil Company Limited in Jul 2014.

OER Funding History

Since OER was founded in 1956, it has participated in 1 round of funding. In total OER has raised $306.0M. OER's funding round was on Nov 2015 for a total of $306.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Nov 2015
$306M
-

Since OER was founded in 1956, it has participated in 1 round of funding. In total OER has raised $306.0M. OER's funding round was on Nov 2015 for a total of $306.0M

OER Investments

No recent investments found related to OER

These are all the companies that OER has invested in. OER's latest investment was Medal Oil Company Limited in Jul 2014.

OER News

August 26, 2019Invest Advocate

Commits to Further Cooperation

August 26, 2019/Oando Plc The Chief Operating Officer, Dr. Ainojie Alex Irune and General Manager, Co... See more »
June 10, 2016THISDAY

Wale Tinubu's Headache

The rich also cry. This axiom seems to capture the current disconcerting experience of Wale Tin­ubu, ... See more »
May 13, 20164-traders

CONCLUDES ARRANGEMENT WITH OANDO PLC

(4-traders.com) Release date- 12092016 - CALGARY, ALBERTA - Oando Energy Resources Inc. ('OER' or the... See more »
May 11, 20164-traders

concludes arrangement with Oando PLC for Oando PLC to acquire OER minority shares for a consideration of US$1.20 per share in cash

(4-traders.com) CALGARY, May 12, 2016 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Corporation"... See more »
May 2, 20164-traders

Announces Extension of Outside Date

(4-traders.com) CALGARY, ALBERTA - Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER) an... See more »
April 28, 2016Reuters

BRIEF-Oando Energy Resources says outside date under proposed plan with Oando Plc and Oando E&P Holdings extended

* Outside date under OER's previously proposed plan with Oando Plc and Oando E&P Holdings Limited ext... See more »
April 7, 2016Oil & Gas Journal

Oando Energy unit signs PSC for Block 12 off Sao Tome and Principe

Oando Energy Resources Inc., Calgary, through its 81.5%-held subsidiary Equator Exploration Ltd., has... See more »

OER Press Releases

October 26, 2015PR NEWSWIRE

Oando Energy Resources Announces Third Quarter 2015 Results

CALGARY, Alberta, Oct. 26, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") ... See more »
September 2, 2015PR NEWSWIRE

Oando Energy Resources Announces Continuance to British Columbia

CALGARY, Alberta, Sept. 2, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") ... See more »
August 4, 2015PR NEWSWIRE

Oando Energy Resources Announces Second Quarter 2015 Results

CALGARY, Alberta, Aug. 4, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (... See more »
July 24, 2015PR NEWSWIRE

Oando Energy Comments on Trading Activity at the Request of IIROC

CALGARY, Alberta, July 24, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("Oando Energy Resources"... See more »
July 14, 2015PR NEWSWIRE

Oando Energy Resources Reports Explosion at Tebidaba-Clough Creek Line in Bayelsa State, Nigeria

CALGARY, Alberta, July 14, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("Oando Energy Resources"... See more »
July 1, 2015PR NEWSWIRE

Oando Energy Resources Reports Fire Incident at Ebocha Oil Centre in Rivers State, Nigeria

CALGARY, Alberta, June 30, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("Oando Energy Resources"... See more »
June 16, 2015PR NEWSWIRE

Oando Energy Resources Announces Election of Directors

CALGARY, Alberta, June 15, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("Oando Energy Resources"... See more »

Social Media

OER Headquarters

Sun Life Plaza, 112, 4th Avenue Southwest Suite 1230

Calgary, AlbertaT2P 0H3

403-719-9152

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OER Summary

ABOUT

Overview

OER focuses on acquiring, exploring, developing and producing oil and natural gas properties. OER was founded in 1956. OER's headquarters is located in Calgary, Alberta, CA T2P 0H3. It has raised 306.0M in 1 round. The latest round was in Nov 2015. OE...

CEO

OER's CEO, Olapade Durotoye, currently has an approval rating of 68%. OER's primary competitors are Seplat, Nigeria Lng & Sahara Group.

Frequently Asked Questions about OER

  1. When was OER founded?

    OER was founded in 1956
  2. Who is OER's CEO?

    OER's CEO is Olapade Durotoye
  3. How much revenue does OER generate?

    OER generates $266.8M in revenue
  4. How much funding does OER have?

    OER has historically raised $306M in funding
  1. Where is OER's headquarters?

    OER's headquarters is in Calgary Alberta, CA
  2. How many employees does OER have?

    OER has 16 employees
  3. What sector does OER operate in?

    OER is in Oil & Gas Exploration, Production, Sales
  4. Who are OER's competitors?

    OER's top competitors are Seplat, Nigeria Lng, Sahara Group