Share Name Share Symbol Market Type Share ISIN Share Description
Eland Oil & Gas LSE:ELA London Ordinary Share GB00B8HHWX64 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.125p +2.33% 49.50p 48.50p 49.50p 49.50p 49.50p 49.50p 10,303 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.9 -25.5 7.3 7.1 105.86

Eland Oil & Gas Share Discussion Threads

Showing 11526 to 11549 of 11550 messages
Chat Pages: 462  461  460  459  458  457  456  455  454  453  452  451  Older
DateSubjectAuthorDiscuss
08/8/2017
13:28
Price Size Type Bid Offer Time 48.5 500000 O 48.25 50.0 12:39:48 Chunky
mr.oz
20/7/2017
16:22
the sudden demand for a payment of 16m$/£ when ela where not expecting it lead me to sale, putting results out friday night then a placing soon after not nice.
rolo7
19/7/2017
23:08
Poor performance of late. Anyone care to speculate? I've always been impressed with the management. Less so with the risk associated with the region of course
mr.oz
27/6/2017
11:42
I wouldn't trust either of them with my money.
fardels bear
27/6/2017
11:14
hTTp://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Oil-Crash-Unlikely-To-Continue.html Who's gonna be right ? Goldman Sachs or Merrill Lynch ?
mr.oz
08/6/2017
13:13
I have taken this opportunity to top up!
seadiver
07/6/2017
20:37
Yeah, glad I took half of table, investors need to read going concern notes in results yesterday but in placing they said nothing about the concerns.
rolo7
07/6/2017
18:36
Directors took a few, over subscribed, plenty of news flow ahead now
mr.oz
06/6/2017
18:30
In May 2017, the Forcados export terminal was re-opened and production has been restored back through the Forcados export line, at 11,500 bopd. Whilst the transition back to Forcados will require careful working capital management, it offers the potential for immediately higher production levels at improved margin and netbacks. Notwithstanding the near term challenges it is against this backdrop that we anticipate further investment and increasing cashflows as 2017 progresses. Well now its confirmed......
sian
06/6/2017
17:14
Results out
rolo7
03/6/2017
14:19
Si, Claro.. ;)
fardels bear
02/6/2017
22:42
Put this way, I think its deliberately meant to obfuscate, and if so it cannot be interpreted as good news. They should be asked to clarify.
corrientes
02/6/2017
20:59
I'm by no means thick but: Eland Oil & Gas PLC (AIM: ELA), an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce the following update: Recommencement of Production from Opuama and Shipping Further to the Company's announcement on 25 May 2017, production from the Opuama-1 well has now been restarted. The Opuama Field is now producing from both the Opuama-1 and Opuama-3 wells with current gross production of over 11,500 bopd recorded*. The export of crude through shipping has now been concluded and the final vessel of three goes off-hire tomorrow. During the operation, nearly 520,000 barrels of crude were transported through shipping and injected into the FPSO terminal offshore Nigeria. Currently Elcrest Exploration and Production Nigeria Ltd ("Elcrest"), Eland's joint venture company, has a further receivable of approximately $9.2million from Elcrest's shipping offtake partner. Approximately $2.0million of this is expected to be paid in the next 7 days to Elcrest with the balance of $7.2million expected upon completion of the final lifting from the FPSO. This is anticipated to be no later than the beginning of July. The Company expects liftings using the current export route to commence in June. The Company's current cash position is $5.2 million. With transportation of production now re-started down the pre-existing export facility working capital management continues as crude oil receipts continue to build to allow further development of the OML 40 license. Elcrest Shareholder Agreement Update Subsequent to the year-end, Starcrest, Eland's partner in Elcrest, issued a fee invoice under the Shareholders agreement. This fee relates to charges agreed at the onset of the joint venture in 2011 of $3 million per annum for each shareholder. Accordingly, to end 2016 $17.25 million is due to each shareholder. Eland has also invoiced the corresponding amount due under the same clause of the agreement and Elcrest will discharge these liabilities to each shareholder as free cash is generated through increasing production of OML 40. Accordingly, Eland's consolidated 2016 accounts (the "2016 Accounts"), will be reporting a one-off charge of $17.25 million for amounts owed by Elcrest to Starcrest, however 55% of this charge ($9.5 million) is attributable to the non-controlling interest holder, as to be disclosed in our forthcoming annual report. Although 2016 had the positives of a very successful workover of Ouama-3, due to Elcrest only producing for one and a half months in the year, Elcrest still made a significant operating loss. Therefore, Eland, through its subsidiary Westport, now has an amount to recover from Elcrest of $380.2 million in principal and interest as at 31 December 2016 and remains the sole secured creditor. Further details will be available in the 2016 Accounts which are expected to be released shortly. OML 40 Contingent and Prospective Resources Following work conducted in conjunction with Eland's successful Capital Market's Day in April, the Company provides a current summary of its assessment of gross Contingent Resources and Prospective Resources in OML 40, unrisked and risked, in six undeveloped discoveries*, 19 prospects and 11 leads is as tabulated below: Gross Un-risked Risked MMstbo ------------- ----------------- ----------------- Low Mid High Low Mid High ------------- ---- ---- ----- ---- ---- ----- Contingent 45 78 107 34 58 80 ------------- ---- ---- ----- ---- ---- ----- Prospective 152 734 1740 48 231 536 ------------- ---- ---- ----- ---- ---- ----- * Abiala South, Abiala North, Polobo, Tongarafa, Adagbassa and Ugbo. END I have to say that this is very difficult to understand and I'm wondering if it's setup deliberately to be so. Anybody care to shed some light on it for me?
fardels bear
01/6/2017
10:24
I'd feel happier if I knew what that was all about, too.
fardels bear
01/6/2017
10:17
'Therefore, Eland, through its subsidiary Westport, now has an amount to recover from Elcrest of $380.2 million in principal and interest as at 31 December 2016 and remains the sole secured creditor.' - Any idea what this is? I'm clueless
gersemi
01/6/2017
09:38
A bit, thanks very much...
fardels bear
01/6/2017
08:03
Must help surely production just went up by a further 3,000 bopd
awise355
01/6/2017
07:55
Did the RNS help you fb?
mr.oz
28/5/2017
13:54
New here. Interested in this but debt and West Africa have unfortunate recollections for me and I'm keen not to go there again, or if I do, to make sure the debt is under control.. I think I have got my head round what there is here and who owns what, though that wasn't easy. Can anybody tell me why, in the Canaccord note above, "Elcrest is estimated to owe Eland as much as $360m and until this sum is repaid Eland receives 100% of the cash flow from Elcrest’s 45% interest in OML 40." Many thanks.
fardels bear
26/5/2017
11:14
Price slow increasing after the initial drop...
awise355
25/5/2017
13:03
Eland is primed for share price surge The company is focused on lifting output from Nigerian asset 27 April 2017 Great Ideas Issue: 27 Apr 2017 - Page 13 A material ramp up in output from Nigerian oil producer Eland Oil & Gas (ELA:AIM) over the next six months could act as a significant catalyst for its share price. The company’s main asset is the OML 40 licence onshore in Nigeria’s Niger Delta, in which it owns a 22.05% stake through its Elcrest Exploration and Production joint venture. It contains two fields, Opuama and Gbetiokun, with current proved and probable reserves of 83m barrels. Elcrest is estimated to owe Eland as much as $360m and until this sum is repaid Eland receives 100% of the cash flow from Elcrest’s 45% interest in OML 40. BIG PRODUCTION UPLIFT The plan is to boost production from OML 40 from a current 8,000 barrels of oil per day (bopd) to 17,500 bopd early in the second half of 2017 and 25,000 bopd around the turn of the year. This will partly be achieved through drilling a side-track on the Opuama-7 well (using a different hole or wellbore to gain access to the oil) for which the company is fully funded following a redetermination of its borrowing base. Eland has $9m left unused on its $24m lending facility and a current cash balance of $7.5m. It is also set to receive an $8.5m payment for its crude in the near-term. An extended shut down of the country’s Forcados oil terminal due to militant attacks has seen an alternative route to market developed, shipping crude using tankers. This solution has a maximum capacity of 20,000 bopd. Chief executive George Maxwell says the revenue from the oil minus the costs of getting it to market on the shipping solution is $12 per barrel at an oil price of $50 per barrel. That compares with $27 per barrel (revenue minus costs) if Forcados was operational. WHAT IS THE UPSIDE POTENTIAL? Canaccord Genuity values Eland at 40p based on the shipping option and 110p on Forcados coming back on stream. The company trades on 5.8 times forecast adjusted 2017 earnings per share falling to 3.1 times for 2018 when free cash flow of $26.3m is also pencilled in. From our point of view this more than prices in the significant security and political risks associated with operating in the Niger Delta. Maxwell set up Eland with Leslie Blair in 2009 and moved from the finance director role to replace Blair, who moved to an advisory role, as CEO in 2014. Both are former employees of Addax Petroleum, one of the few UK-listed success stories in Nigeria which was snapped up for $7.2bn by Chinese firm Sinopec in 2009. (TS) - Shares mag from April 2017
gersemi
25/5/2017
11:51
Ah ok that makes sense as they seem coy about it
awise355
25/5/2017
11:48
awise ... Yes would be my understanding but they can't mention Forcados by name as it hasn't been officially reopened. GLA
flagon
25/5/2017
11:26
So they are back exporting by the Forcados pipeline?
awise355
Chat Pages: 462  461  460  459  458  457  456  455  454  453  452  451  Older
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