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This is way off the radar let's hope it stays that way
Dear me what's the point. I'm invested on the potential upturn as targeting 10p first slice then who knows at these levels it's a no brainer to me
Are here again with this 10p first target and not moving !! Won't be long :)
Agreed looks like someone is loading up?
My first target based on the chart is 1.2p abut of resistance beyond that but with news and Nickel prices rising fast can't see why it wouldn't stay blue
Indeed ;) http://m.thehindubusinessline.com/markets/commodities/supply-cuts-to-provide-the-floor-for-nickel-in-2016/article8042298 .ece
50/200 MA very bullish 1p all over it then anyone's guess
Eland Oil & Gas PLC LON:ELA has a 50 day moving average of 30.96p and a 200 Day Moving Average share price is recorded at GBX. The 1 year high for the share price is 81p while the year low stock price is currently 20.5p. There are currently 186,090,516 shares in issue with the average daily volume traded being 223,699. Market capitalisation for LON:ELA is £47,980,123p. Eland Oil & Gas PLC is an independent oil and gas company. The Company’s principal activities consist of identifying, acquiring and developing interests in oil and gas assets in West Africa, focused initially on Nigeria including the prolific Niger Delta. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves. OML 40’s licensed area of 498 square kilometers is located in the Niger Delta, approximately 75 kilometers north-west of Warr. Eland Oil & Gas posted record production in the Niger Delta, according to its latest financial results. Chief executive George Maxwell said: “We are pleased to announce our Full Year results for 2015, which showoil productionfrom OML 40 in Nigeria almost trebling, and the Group in excellent shape. In early 2016, we have successfully completed an $18.5 million equity raise at a premium to the prevailing share price, and combined with forward sales to our offtake partner, this gives us a current cash position of $25m. With the recently announced success of the Opuama-3 work-over in OML 40, which delivered exceptional flow-rates of over 10,500 bopd, we believe that Eland is well positioned to benefit from its strong asset base and fully funded work programme throughout 2016, which should lead to further material gains in production once the Forcados terminal reopens.” The firm, which focuses on exploration in West Africa, had a total lifting of 340,809 bbls of crude oil in 2015, an increase of 195% compared to the previous year. In 2015 it sold 341,000 bbls of crude oil, generating revenue of $18.1million for the year – an increase from 2014’s $11.7million. “Within the context of these largely negative conditions I believe that Eland performed commendably. The year will be remembered as the one when the Company really started to deliver as a producer, with total gross liftings from OML 40 almost trebling compared to 2014.” It’s not often that we see a small oil company that’s financially sound and has great earnings growth forecasts, but has suffered a share price crash — but that’s what we see at Eland Oil & Gas (LSE: ELA). Forecasts suggest a massive escalation of earnings in 2017 — and with the shares currently trading at 26.9p after having fallen by 66% in the past 12 months, that would give us a P/E for this year of a modest 5.7, falling to less than 1 in 2017! On the liquidity front, Eland has recently completed a $15m share placing, which should see it in a comfortable position which makes Eland
Somethings not right here sp dropping after hours anyone explain?
37p
As good a reason as any to be miserable lol Anyway I'm happy as Larry and lots more to come :)
Never seen a more miserable bunch after such a rise in one day cheer up onwards and upwards tomorrow 😀