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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme




Share Price Information for Eland Oil & Gas (ELA)


Share Price: 126.50Bid: 125.50Ask: 126.50Change: 1.50 (+1.20%)Riser - Eland Oil & Gas
Spread: 1.00Spread as %: 0.80%Open: 127.50High: 127.50Low: 125.50Yesterday’s Close: 125.00

Eland Oil & Gas Plc Ord 10P

Eland Oil & Gas is listed in the FTSE AIM All-Share
Eland Oil & Gas is part of the Metals sector






Share Price SpacerPrice
126.50
Share Price SpacerBid
125.50
Share Price SpacerAsk
126.50
Share Price SpacerChange
1.20%1.50
Share Price SpacerVolume
105,755
Share Price SpacerOpen
127.50
Share Price SpacerHigh
127.50
Share Price SpacerLow
125.50
Share Price SpacerClose
125.00
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 218.26m £276.10m 3,000

52 Week High 138.50 52 Week High Date 10-JUL-2018
52 Week Low 77.00 52 Week Low Date 13-APR-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
30 15,186 80,569 28.335 4.46 0.00 0.00


London South East Users info for Eland Oil & Gas




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

20-Feb-19
11:12:00
125.6515
2,786
Sell* 
125.50
126.50
3,501
Trade Type:
Ordinary
NonProtected portfolio
Single protected transaction

20-Feb-19
10:35:55
126.15
4,000
Buy* 
125.50
126.50
5,046
Trade Type:
Ordinary

20-Feb-19
10:33:36
125.50
400
Sell* 
125.50
126.50
502.00
Trade Type:
Automatic execution




View more Eland Oil & Gas trades >>

Directors Deals for Eland Oil & Gas (ELA)
Trade DateActionNotifierPriceCurrencyAmountHolding
20-Nov-18Buy
Trade Notifier Information for Eland Oil & Gas
Ronald Bain held the position of CFO at Eland Oil & Gas at the time of this trade.
 Ronald Bain
109.25GBX17,50017500
07-Jun-17Placing
Trade Notifier Information for Eland Oil & Gas
Russell Seth Harvey held the position of Non-Executive Chairman at Eland Oil & Gas at the time of this trade.
 Russell Seth Harvey
55GBX18,18242888
07-Jun-17Placing
Trade Notifier Information for Eland Oil & Gas
George Walter Mitchell Maxwell held the position of CEO at Eland Oil & Gas at the time of this trade.
 George Walter Mitchell Maxwell
55GBX27,273540802
View more Eland Oil & Gas directors dealings >>


bigspike
Posts: 625
Opinion:No Opinion
Price:125.50
RE: Maiden dividend RNS
Today 13:06
Oozes confidence, the bod clearly confident they can continue growing the company as well as pay a dividend, clearly shows the quality of asset Ela have here... Looking forward to taps been turned on at Gbetiokun!
shallwe
Posts: 485
Opinion:No Opinion
Price:126.50
Maiden dividend RNS
Today 10:23
Great RNS this morning, rewarding the shareholders with a probable dividend at the end of the year.

And here I was, castigated a year ago for even daring to suggest that a dividend may be payable sometime in the future on this BB by one poster.
LuckCounts
Posts: 2,081
Opinion:Strong Buy
Price:123.00
H1 2019 Catalysts for Eland
8 Feb '19
1) Full Year Results APRIL 2019
2) Share Buy Back Program - GBP 1mn to go. Will keep a lid on any major drops
3) Brent / Oil Price
4) OML 40 Opuama well intervention on Opuama-7 in Q1 2019 to isolate water producing reservoir sand and to recomplete on a shallower zone and thereby increasing overall oil production rates for this well. This intervention was deferred from Q4 2018 to improve overall recovery from lower zones prior to being isolated.
5) Gbetiokun - The drilling of Gbetiokun-3 was successfully completed in early January 2019, with the Early Production System due online in Q1 2019. In Q2 2019 post Rig Refurbishment the Company intends to further increase production by drilling two additional development wells, Gbetiokun-4 and Gbetiokun-5.
6) Amobe --> IMP Preparatory activities continue for the drilling of the Amobe exploration prospect in OML 40 with a rig move scheduled for Q2 2019, the first pure exploration well in the Company's history. The well is located only 6km from the Opuama flowstation allowing, in the event of success, for an accelerated development tied back to existing facilities. A best estimate (P50) for resources from the Amobe prospect of 78 MMstb, with a 42% PoS and upside (P10) of 340 MMstb. The best-case basis would double the existing reserves of the Company.
7) Ubima - Continues to appraise the Ubima field, following the strong initial test results at Ubima-1 in Q4 2018. The F7000 reservoir was tested at flow rates of up to 2,500 bopd gross (1,000 bopd net Eland, economic share 88% until payback reached) on a 24/60" choke, whilst the E1000/E2000 reservoirs flowed at 900 to 1,000 bopd gross (360 to 400 bopd net Eland) on a 28/64" choke. A dual completion has been installed and EWT production is expected to commence in H1-2019.Ubima-1 provides Eland with a diversification of production outside OML 40 and opens a new operational leg in Rivers State, Nigeria, with ultimately different export routes than those from the OML 40 licence.
LuckCounts
Posts: 2,081
Opinion:Strong Buy
Price:123.00
Share Buy Back Status
8 Feb '19
A poster inquired recently as to status of BuyBack - Current Buy Back was initiated on 19th Nov 18 for an amount of GBP 3 Milllion.

As per 7 Feb RNS
From 220,164,155 Ordinary Shares. 1,613,156 Ordinary shares are held in Treasury [HAVE BEEN BOUGHT BACK]. For reporting under the FCA's Disclosure and Transparency Rules, Shareholders should exclude any shares held in Treasury and should use the figure of 218,550,999

So I would figure that Eland have about GBP 1 million of Buy Backs still to undertake....
RetiredBanker
Posts: 595
Opinion:No Opinion
Price:125.00
Minority Interests
6 Feb '19
Considering a punt on this stock, but can't figure out the profit share / royalty agreement / deferred tax position.
Does anybody have any idea if H2 were to double H1 with 135m revenue and 90m net profit how much of that would accrue to Eland shareholders ?
Seems this could be a great prospect - but legacy issues could have huge impact
View more share chat for Eland Oil & Gas (ELA) >>




Website: Eland Oil & Gas Plc Ord 10P
Website Description: http://www.elandoilandgas.com/



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