History and Future Strategy of Oando

Oando Exploration & Production - Overview 11 Oando The combined Group of Oando Energy Resources (OER) & Oando Exploration and Production (OEPL) is the exploration and production subsidiary of Oando Plc, which has built a portfolio of oil and gas assets in Nigeria and the Gulf of Guinea. Vision: To be the Leading Indigenous E&P Player/Company on the African Continent Key Objectives: Mid-Term (2017) >80,000 boepd Long Term (2019) >100,000 boepd Long-Term Reserves 2P of 500 mmboe by 2019 All Reserves & Resources estimates are classified in line with NI 51-101 regulations and Canadian Oil & Gas Evaluation Handbook standards All estimates are from an Independent Reserves Valuation Report dated 31st December 2014 A

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