Oct 26, 2011 / MBC News
Lagos, Nigeria - Oando Nigeria plc is set to become the first Nigerian company to list its shares on the North American stock market. The indigenous energy trading firm this week announced plans of executing a Reverse Takeover of Exile Resources Incorporated of Canada by creating Oando Energy Resources Incorporated for listing on the Toronto Stock Exchange. The new Oando company will be an international platform to fund the substantial investment required for E&P growth. Oando Nigeria plc was the first local company to be listed on the South African JSE Limited.
The company stated today in a newspaper advertisement that it "reports 24 months of incident free rig operations in Nigeria.