NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION (NUPRC) @ 7, Sylvester Ugoh Crescent, Jabi, Abuja FCT. PM.B. 399, Garki, Abuja. \ +234 (9) 903 2000 53 nupre@nupre.gov.ng § www.nupre.gov.ng Ref: NUPRC/PLNG/EVC/GEN.2/261 Date: 24th August 2023 The Managing Director Oando Energy Resources 8th Floor, No. 2 Ajose Adeogun Victoria Island, Seow WL DEMAND NOTICE FOR PAYMENT OF OUTSTANDING STATUTORY OBLIGATION This is to convey to you, status of Statutory Obligation of your Company after consideration of reconciled assessment for the year 2022 statutory obligation(s] with payments as at August 2023. 2. Pursuant to Paragraph 61 of Petroleum (Production & Drilling) Regulations 1969 as amended, and Section 100(1) of the Petroleum Industry Act (PIA) 2021, you are required to settle all your outstanding statutory obligations into the appropriate Federation Account as indicated below not later than Friday, 1: September 2023. [SN] REVENUEHEADS | BANK NAME "ACCOUNT NAME ‘ACCOUNT | AMOUNT DUE NUMBER (uss) OILROYALTY | JP MORGAN CHASE | CBN/JOINT VENTURE | Bo2906875 | 61389,518-07 BANK, NEW YORK ROYALTY GASROYALTY | JP MORGAN CHASE | CBN/GAS ROYALTY Borgo6agi | 5,899,950.86 BANK, NEW YORK 3 | GASFLARE | JP MORGAN CHASE | CBNIGAS FLARED 802906909) _8,939,910.17 ‘BANK, NEW YORK PENALTY - TOTAL 76;209;388.04 3. Please note thal the non-payment of statutory obligations will attract applicable penalties in accordance with Section 608 of the Petroleum (Drilling and Production) (Amendment) Regulations, 2019, Regulation 5 of the Petroleum (Drilling and Production) (Amendment Regulations, 2020, and Paragraph 12, Seventh Schedule of the Petroleum Industry Act (PIA) 2021 as applicable 4. Upon payment, kindly complete the NUPRC Payment Advise Link already shared with your Company and email payment evidence to rga@nuprc.gov.ng for official receipt.5. You may wish to contact Mr. Adegbola M. A. on +234 8078894026 and adegbola.m.a@nupre.gov.ng for further clarification, if any. 6 Kindly accept the assurances of my highest regards. Been igr. Gbenga Komolafe Fnse Commission Chief Executive, NUPRC.