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Bullboard - Stock Discussion Forum OANDO ENERGY RESOURCES INC WTS T.OER.W

Bullboard (TSX:OER.W)

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Post by Greenchipson Aug 28, 2012 8:56am

Financials

OER should be soon releasing Q2 statements for the Upstream business which it acquired in the RTO.
Comment by marty81on Aug 24, 2012 9:15am

RE: RE: RE: RE: Oando Tests 2,400 BOPD in New Well

The financials I just looked at had Current Liabilities $190 million greater than Current Assets.  Maybe I am looking at the wrong one.
Comment by Greenchipson Aug 24, 2012 8:30am

RE: RE: RE: Oando Tests 2,400 BOPD in New Well

Totally incorrect, Info Circular contemplated OER would have zero net debt at 2011 year end. Cap ex since then could not have been that great, maybe $40 million but that reduces by cash generated ...more  
Comment by Greenchipson Aug 24, 2012 8:14am

RE: RE: Oando Tests 2,400 BOPD in New Well

Apparently they made a presentation to a group of analysts and brokers in Calgary this week to introduce the story, nothing new revealed but group was very impressed by management and thought shares ...more  
Comment by marty81on Aug 23, 2012 5:25pm

RE: RE: Oando Tests 2,400 BOPD in New Well

Looks like they have a working capital deficiency of $190 million.  Am I reading that right?
Comment by cincoagainon Aug 22, 2012 6:15pm

RE: Oando Tests 2,400 BOPD in New Well

sure seems like this stock is undervalued......but its trading like cannacord is going to do a financing soon. dont know for sure, but it seems like something is up for this stock to be trading like ...more  
Post by Greenchipson Aug 20, 2012 9:54am

Oando Tests 2,400 BOPD in New Well

In addition to the 900 BOPD in the new discovery, OER has just announced a 2,400 BOPD test in the development zone which is an extension of the current producer, six more potentially productive ...more  
Post by Greenchipson Aug 19, 2012 7:19am

New Drill Results

The Ebendo well encountered eight potentially productive horizons and tested the new discovery zone xx at 900BOPD, they were next going to test the xix zone which is an extension of the existing ...more  
Comment by Greenchipson Aug 18, 2012 7:37am

RE: RE: RE: Hello out there.....

Good point and that, plus the fact the story is quite unknown, is probably why the shares seem attractively priced.   However, management have indicated they want to increase the float and even ...more  
Comment by watch22on Aug 17, 2012 2:23pm

RE: RE: Hello out there.....

and Oando PLC owns 95% of the company.  So not much float nor independence.  I'll wait for the first clean quarter to come out before jumping anywhere
Comment by Greenchipson Aug 17, 2012 7:41am

RE: Hello out there.....

This is the RTO of Exile where they acquired all the eploration and production assets of Oando PLC of Nieria for shares, these assets had $159 million revs and $32 million cash flow according to SEDAR ...more  
Post by cincoagainon Aug 15, 2012 3:40pm

Hello out there.....

is anyone here? OER seems like a good cash flow and exporation company, with a below market valuation. comments?
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