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 Address to refer: https://www.researchchannel.co.za/article/oando-pays-debt-well-hedged-for-oil-down-cycle-2015-03-04
 Article Headline: Oando pays debt, well hedged for oil down cycle
 Abstract: TSX-listed Oando Energy Resources (OER) announced a $238-million prepayment of certain loan facilities, which it used for the $1.5-billion acquisition of the ConocoPhillips Nigerian Oil & Gas Business in July 2014. The company, which is focused on oil and gas exploration and production in Nigeria, successfully realised $234-million by resetting its crude oil hedge floor price from an average of $95.35/bl to $65/bl on 10 615 bbl/d for the next 18 months and another 1 553 bbl/d for a further 18 months until January 2019. 
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