has been jumk for so long....terrible communication from the BOD. But IF, and its a big if, the flow rates stabalise at around 2500 boepd and the share price stays around the 100p mark then it will all of a sudden look very cheap IMO.
5 Feb '14
More good news.
http://www.investegate.co.uk/eland-oil---38--gas-plc--ela-/rns/commencement-of-production-on-oml-40/201402050700123011Z/ ""Eland Oil & Gas PLC (AIM: ELA) is delighted to announce the commencement of oil production from the Opuama oil field located on the OML 40 license, onshore Nigeria."" Just a shame I don't have funds to put in here......................
6 Jan '14
The rehabilitation work on the Opuama flowstation has now been completed and we have entered the pre-commissioning and testing phase, including the testing of the final section of the 12 inch export line. We expect commencement of production shortly following the successful completion of pre-commissioning and testing. http://www.investegate.co.uk/eland-oil---38--gas-plc--ela-/rns/operations-update/201401060700059224W/
5 Dec '13
Some big trades here today
Seriously big. Hendersons are greedy bustards....
18 Nov '13
http://gcaptain.com/million-cash-paid-release-c-retriever/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29 The joys of working in Nigeria. Maybe Sir Offor organises security for our guys out there.
30 Oct '13
“However, the cautious approach to restarting operations should bode well for performance when production is restarted with the latest guidance being prior to year end. “We expect patience to be rewarded first by the onset of shut-in production and then via the rapid ramp-up to highly material volumes and cashflows from the low risk development wells.” McGeary adds that operationally Eland can achieve significant momentum next year when a six well campaign – targeting 54.2mln barrels of reserves - kicks in. Northland rates Eland as a ‘buy’ with a 161p price target, nearly 60% above the current price of 103p per share.
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