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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 |
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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