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Tuesday, August 02, 2011 5:57:00 PM
Oando's interests in the Oil Mining Leases and Oil Prospecting Licenses are held through direct and indirect subsidiaries located in Nigeria. The Oil Mining Leases and Oil Prospecting Licenses are a combination of producing, development and appraisal and exploration assets and are in respect of oil fields located in onshore and offshore Nigeria (including the Niger Delta), the Nigeria Sao Tome and Principe Joint Development Zone ("JDZ") and the Exclusive Economic Zone ("EEZ") of Sao Tome and Principe.
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