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Home Companies Company News

Official: Oando & Conoco Philips Choose July 31, 2014 As Completion Date For COP Deal

Nairametrics by Nairametrics
July 1, 2014
in Company News, Corporate deals
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This here from Oando Energy Resources;

CALGARY, ALBERTA June 30, 2014 – Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that the Company and ConocoPhillips have entered into an agreement to extend the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) (the “ConocoPhillips Transaction”) to July 31, 2014.

The parties extended the outside closing date for completion of the ConocoPhillips Acquisition to enable them finalise activities required to complete the transaction having received the required consent of the Honourable Minister of Petroleum Resources in Nigeria.

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Comments 1

  1. Ibukun Akinyinka says:
    July 1, 2014 at 10:39 am

    sir, you are back to finance just as that nincompoop advised?

    Reply

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