Eland Oil & Gas Share Discussion Threads

[revie1] 24/8/2016 09:19

further strength in share price today. Currently 33p and rising. At last I am back in credit and intend holding for some real profits once security issues finally resolved

[glenbo1] 23/8/2016 17:10

I think that there are peace negotiations ongoing in the delta and this share us a sleeping giant.Also the Focados pipeline will soon be fixed and flowing.This share is very undetvalued

[adg] 23/8/2016 16:50

Interesting movement this past week or two, no real substantiated reason as far as I am aware but it has been looking confident for a move so comes as no surprise. Perhaps a move back to 40p could be likely?

[maccamcd] 23/8/2016 14:55

Yeah.. Only 10% offside now. That 'Buy' note from Parego securities 85p price target has created institutional buyers I heard..

[neo26] 23/8/2016 10:32

this is moving quietly when no one expects it.

[jackthecat] 15/8/2016 10:26

closed my IG positions this AM and made some pin money, 14.6% return on my cash balance in 2 months, so cant complain

Tired of waiting and I don't like the situation with the pipelines and the barges. That could go on for a long time yet and no income.

Good luck all

[revbeechy] 12/8/2016 18:28

Personally I bought in at 25 and sold at 29. Made a few quid but basically going to keep an ear to the ground to see what happens when the terminal comes back on line. The attacks and lack of income concerns me too much at the moment.

[dukedosh] 12/8/2016 18:13

Nigeria’s Kachikwu Says Oil Flow ‘Dismal’ on Steady Attacks


By Elisha Bala-Gbogbo and Paul Burkhardt

(Bloomberg) -- Nigeria will pump no more than 1.5 million
barrels a day of oil this year as sustained attacks by militants
have damaged infrastructure including its biggest export
terminal, said the country’s oil minister.

“Our average for the year will obviously be dismal,”
Minister of State for Petroleum Emmanuel Kachikwu said in an
interview Friday. “I would imagine that we would probably end
the year at about 1.5 million barrels a day at best.”

Damage to a pipeline connected to Nigeria’s Qua Iboe export
terminal, the country’s largest, will take four months to fix,
Kachikwu said. Royal Dutch Shell Plc may be able to resume
shipments from the damaged Forcados terminal in mid-September,
he said. Realizing the minister’s estimate would bring the OPEC
member’s output down 23 percent from 1.94 million barrels a day
last year, according to data compiled by Bloomberg.

Nigeria has resumed payments to former militants and is
attempting to facilitate talks with groups that have sabotaged
export and production infrastructure in the oil-rich Niger
delta. No apparent progress has been made with the group that
has claimed the majority of pipeline bombings, the Niger Delta
Avengers, and the number of rebel groups is increasing.

“We have a lot more groups now we need to bring together to
have peace,” Kachikwu said. “What I am asking for largely is a
60-day cease-fire from them so that we can have time to dialogue
and I’m also elevating dialogue,” to include kings and
traditional rulers, he said.

Following steady attacks since the beginning of the year,
the Forcados, Brass River and Bonny Light terminals have seen
declarations of force majeure, a legal term that allows
companies to walk away from export commitments. The Escravos
terminal has delayed shipments after attacks on Chevron Corp.
facilities and Exxon is considering its options after damage to
Qua Iboe, where production averaged 400,000 barrels a day.
Shell declared force majeure on Bonny Light shipments again
Friday because of the shutdown of the Nembe Creek Trunk Line
after a leak, the company said.

‘Difficult Times’

The damage to the country’s main export industry has
reduced revenue and is cutting into capital funding, Kachikwu
said. In May, the minister said the nation’s budget is
calculated based on 2.2 million barrels of oil output a day.
Nigeria is considering making up the budget shortfall through
the sale of concessions and licenses, along with a strategic
sale of assets, he said Friday.

Members of the Organization of Petroleum Exporting
Countries will meet in Algiers next month to seek better oil
prices, Kachikwu said. “We are all going through difficult
times: prices issues, discount wars, force majeure situations in
a lot of countries, the rejuvenation of the shale producers, and
everything that can be thrown into this potpourri."
The group will also focus on engagement with major non-OPEC
members including Russia and Mexico, he said.

[dukedosh] 12/8/2016 10:52

I am no longer invested here but pop in for a look from time to time and I see nothing has changed.

This hardly looks like the same go ahead outfit the old Addax was. Perhaps they just got lucky with Addax?
The 4 year down trend here continues strongly. How low can this go? All the way to zero, unless they pull a rabbit out of the hat.
Still the same silence from IR.
Still holding AGMs in the middle of no where that no one can get to very easily.
Still talk of oil barges. First mentioned about 4 years or so ago IIRC.
Still the same problems with the ageing down stream export infra-structure. Thankfully no CAPEX liability to ELA!
Escalating security issues that aren't getting sorted any time soon.
TF might be ready in 3 months, if the NDA don't whack it again.

In the meantime, no sales weighs heavily on a dwindling cash pile.

Might be worth a punt with beer money at some time in the future but I wouldn't throw anything serious at it.

Baring a few minor details, read this post across to every other Nigerian O&G play out there.

FWIW, AIMHO, of course. Take it or trash it.

[revie1] 11/8/2016 08:49

This is now getting frustrating. So much to be positive about with ELA but the ongoing Niger Delta security issues holding this down. Anyone know when the terminal is due to re open or the alternative transport options outlined in last months RNS due to go live ? An update from the BOD would be helpful

[jackthecat] 09/8/2016 16:28

movement here?. overhang cleared perhaps / seller gone

looks to have broken out north now.Heres hoping

[glenbo1] 04/8/2016 07:08

Apologies yes North.
Also the spread is 6% which indicates some movement is due.

[neo26] 03/8/2016 20:53

You mean "north", ;)

[glenbo1] 03/8/2016 14:21

I think it is only a matter of time that the share price starts to move south .Even with a moderate oil price this is very good value for money and should be in the 30s soon

[neo26] 02/8/2016 11:52

Definitely some institution dumping, once overhang cleared this will shoot up.....Patience..

[neo26] 31/7/2016 22:58

LaptopIt was expected to be in opened by June, ela are making alternative route's, this will reduce the risk. At present their is no income coming in...

[laptop15] 31/7/2016 20:22

Well i think it depends when forcados pipeline opens again....that will be the big game changer!! Then can transport everything much quicker then as at present i guess they have built up stock but can't shift it easily at present.Its expected back online quarter 3 ish so the sooner the better and then this boy will fly higher!!

[revbeechy] 31/7/2016 20:06

Any thoughts on where this will go before xmas? Holding on patiently here...

[sian] 31/7/2016 19:36

I have emailed Eland investor relations regarding the unreported large trades recently......I suspect we are witnessing trade settlements subsequent to the recent placing.....

[neo26] 29/7/2016 18:02

I think major buying is dumping once cleared this can be back in the 30s.Forcados terminal is causing the issue. Once they have those alternative supply routes this can start getting interesting at the moment no income coming in...

[awise355] 29/7/2016 13:58

Lsrge buys today?

[revbeechy] 29/7/2016 11:20

What target price are you aiming for

[neo26] 29/7/2016 10:49

There will be a bounce

[neo26] 28/7/2016 23:00

Some big buyers are dumping, no biggie. Once overhang cleared it will move...