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ELA Eland Oil & Gas Plc

165.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eland Oil & Gas Plc 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
  0.00 0.00% 165.80 165.60 165.80 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eland Oil & Gas PLC Result of Annual General Meeting (3849W)

16/04/2019 2:14pm

UK Regulatory


Eland Oil & Gas (LSE:ELA)
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TIDMELA

RNS Number : 3849W

Eland Oil & Gas PLC

16 April 2019

16 April 2019

Eland Oil & Gas PLC

("Eland" or the "Company")

Result of Annual General Meeting

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting today were duly passed.

Set out below are the voting proxies in respect of the resolutions received by the Company at the close of register at midday on Friday 12 April 2019. The number of voting ordinary shares in issue at that date was 217,534,151.

 
 Resolution                For           %        Against     %      Total Votes        Withheld 
                                                                      Cast (excl. 
                                                                      Votes Withheld) 
 Resolution 1 
  Audited Accounts         145,545,589   99.86    200,152     0.14   145,745,741        18,565 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 2 
  Re-elect Russell 
  Harvey                   141,950,992   99.76    341,406     0.24   142,292,398        3,471,908 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 3 
  Re-elect Grégory 
  Stoupnitzky              145,693,008   99.95    71,298      0.05   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 4 
  Elect Nicholas 
  Gay                      145,762,011   100.00   0           0.00   145,762,011        2,295 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 5 
  Re-appoint Auditor       145,762,206   100.00   0           0.00   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 6 
  Auditors Remuneration    145,764,306   100.00   0           0.00   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 7 
  Directors to 
  Allot Shares             145,736,039   99.98    28,267      0.02   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 8 
  Allot Equity 
  Securities               141,923,342   97.36    3,840,964   2.64   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 Resolution 9 
  Market Purchases         145,764,306   100.00   0           0.00   145,764,306        0 
                          ------------  -------  ----------  -----  -----------------  ---------- 
 

ENDS

For further information:

Eland Oil & Gas PLC (+44 (0)1224 737300)

www.elandoilandgas.com

George Maxwell, CEO

Ronald Bain, CFO

Finlay Thomson, IR

Peel Hunt LLP, Nominated Adviser & Joint Broker (+44 (0)20 7418 8900)

Richard Crichton / David McKeown

Stifel Nicolaus Europe Limited, Joint Broker (+44 (0)20 7710 7600)

Callum Stewart / Nicholas Rhodes / Ashton Clanfield

Camarco (+44 (0) 203 757 4980)

Billy Clegg / Tom Huddart / Monique Perks

Notes to editors:

Eland Oil & Gas is an AIM-listed independent oil and gas company focused on production and development in West Africa, particularly the highly prolific Niger Delta region of Nigeria.

Through its joint venture company Elcrest, Eland's core asset is a 45% interest in OML 40 which is in the Northwest Niger Delta approximately 75 km northwest of Warri and has an area of 498 km(2).

In addition, the Company has a 40% interest in the Ubima Field, onshore Niger Delta, in the northern part of Rivers State.

The OML 40 licence holds gross 2P reserves of 82.2 million barrels, gross 2C contingent resources of 50.7 million barrels and a best estimate of 252.1 million barrels of gross un-risked prospective resources*

The Ubima field holds gross 2P reserves of 9.3 million barrels of oil and gross 2C resource estimates of 4.2 million barrels*

Net production figures relate to Elcrest Exploration and Production Nigeria Ltd ("Elcrest"), Eland's joint venture company. Production rates, when oil is exported via Forcados, are as measured at the Opuama PD meter, are subject to reconciliation and will differ from sales volumes.

*Netherland, Sewell & Associates Inc CPR report 31 December 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGUNAORKUASAAR

(END) Dow Jones Newswires

April 16, 2019 09:14 ET (13:14 GMT)

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