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

Jul 14, 2015, 09:18 ET from Oando Energy Resources Inc.

CALGARY, Alberta, July 14, 2015 /PRNewswire/ --

Oando Energy Resources Inc. ("Oando Energy Resources", "OER" or the "Company") (TSX: OER) today reports that it has received from the Operator, a report of an explosion which occurred on July 9 2015 during the inspection and repair of a crude theft point on Tebidaba-Clough Creek Line, an oil pipeline in Nigeria's onshore Niger Delta. The pipeline is owned and operated by the Nigerian Agip Oil Company Limited Joint Venture ("NAOC JV"). OER owns 20% of the NAOC JV.

The incident resulted in the unfortunate death of 13 members of the inspection and repair team.

The fire occurred away from the repair point and pipeline, igniting some of the spilled hydrocarbon.

Investigations into the immediate and remote causes of the fire are on-going by the Operator.

The company expresses its deepest condolences to the families involved in this tragic accident.

About Oando Energy Resources Inc. 

OER currently has a broad suite of producing, development and exploration assets in the Gulf of Guinea (predominantly in Nigeria). OER's sales production was 52,889 boe/d for the month ended May 31, 2015.

Pade Durotoye, CEO, pdurotoye@oandoenergyresources.com, +1-403-561-1713; Tokunboh Akindele, Head Investor Relations, takindele@oandoenergyresources.com, +1-403-560-7450

SOURCE Oando Energy Resources Inc.