Eland boosted by restart of Nigeria crude production: Shares in Eland Oil & Gas have risen 5% after the company announced it has restarted production in Nigeria, where it has been hampered by thefts of crude oil.
25 Feb '14
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/
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