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    Oando plans to close acquisition in July

    Oando Energy Resources Inc.

    Oando Energy Resources Inc. (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, says 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) to July 31.

    The parties extended the outside closing date for completion of the ConocoPhillips acquisition to enable them to finalize activities required to complete the transaction, having received the required consent of the Honorable Minister of Petroleum Resources in Nigeria.

     

     

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