OTCPK:MAUXF - Post by User
Post by
BlindBat_1on Nov 12, 2012 5:04pm
567 Views
Post# 20590280
Oh , Oh - Houston we have a problem....
Oh , Oh - Houston we have a problem.... Would have been nice to hear it from Mart.....not from some rebound!
Oando Energy Resources announces closure of NAOC evacuation pipeline for Ebendo Field
Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced that it has been informed by Nigerian Agip Oil Company Limited ("NAOC") of evidence of leakages on the 10 inch Kwale-Akri oil delivery line, causing NAOC to temporarily close the pipeline. NAOC has been unable to inspect the line to determine the extent of damage, as flooding due to bad weather has caused the area to be inaccessible. All production evacuated through this pipeline will be temporarily shut in pending NAOC's ability to access, inspect and repair the line. The Ebendo Field currently evacuates its production through this pipeline to the Brass export terminal. The Company will provide operational updates to investors on the progress of these repairs as they become available.
OER owns a 42.75% non-operating interest in the Ebendo Field (OML 56).