09:49 AM EST - Oando Energy Resources Inc. : announced the spudding of the EB-5 well in the Ebendo Field (OML 56), located onshore Nigeria. OER commenced drilling operations on October 12, 2012 and has reached a depth of 4,000 ft. EB-5 is an appraisal well, targeted at evaluating the medium sands encountered during the recently-concluded EB-4 well drilling program. Oando Energy Resources Inc.
shares T.OER are trading unchanged at $1.04.
