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Well fancy seeing you here Stuart ! I like you see great potential in lek, having kept the faith with eland I’m here with a small holding with lek after doing my research, well I’m in early with this one and very happy to watch this company tie up these loose ends and become a promising producer with direction. Kind regards H.
My advice is hold, you will be entitled to the 1p divi a5 the end of the month, you are guaranteed £1.66 by the Seplat offer, as per Rns this will be sorted by end 2019, they will convert all your shares into cash, then deposit the amount in your account. Eland as a company will cease, all agreements rights and licenses will be owned by Seplat, I’m not too sure when the d day is or what happens to the cash amount profit that eland has already made, does it not get divided up in favour of us shareholders I don’t know, hope this helps. Kind regards H.
Well the last general update was back in January, surely by now there must be some news on how things are progressing. The results are due to be out around 20 March, of which I think will be a massive change from last year. With all the positives news just round the corner and the potential this company has I’m still resisting to topslice this until it reaches at least £1.50 a share, I hope this will be achieved by August, I would appreciated anyone’s input if they could spare a minute,Thankyou regards H.
That was a large Rns, great insight,massive potential here,roll on 2019, steady as she goes cpt George.........
Peel hunt has calculated when the geb 1&3 start producing @15k bopd (conservative forecast) the company will be in a very healthy cash position, therefore this share has got around 20/25p more in it, not including and little surprise updates with any other wells that maybe in the pipeline, so all looking very good here mr spike.
Wow, just read the report, some serious work plans ahead, also the production rises very quickly next year with other fields/ wells being bought on line, as indeed exciting times to be part of this. Only my take but it’s a very attractive company, cash flows and production heading north. Just need the markets to settle down again amid the current turmoil. Regards H.
Cheers spike, massive sell went through 9m hindsight is a fantastic thing ah. H.
Hi spike, yes a great Rns indeed, I did pick up on ubima though, in plan English what does this mean, will they just drill/search for other access depths to find the oil. Yes mms been having a right field day with this, I hope it re traces to at least £1.20 s but we will see, it was also mentioned again about the revenue flows by the eland team, wonder what there planning. Cheers H.
This is so frustrating, looking at the drop from 130s downs to current levels all sprung on the non starting of ubima / geb drilling sites, surely there must be some news by now of drilling updates, re entry or mer testing, ok go on then tell me I’m being impatient, or is that the mms keep the prices low too tempt people to sell like I expect. Call me syndical but to be pumping 30 k a day @ $70 a barrel it’s sum cash flow, any ideas guys, I will shut up now go back to me dark room 😀 regards H.
Well some good volume today, a very under rated share, with most of the stores well on track with strong sales behind them, a good interim in sept this should retrace to mid 30s I reckon, certainly one too watch. Regards H.
Hi Stach welcome to the eland steam train, I have been here with eland since late 20’s. I am a great believer in this company and it’s massive potential it’s unraveling before our eyes, I am not a massive shareholder but I very happy with my h9lding. Please have a flick through the capitol market day presentation currently on elands website, giving great knowledge of what they are all about, they have forecast 80,000 bopd by middle/late 2019. Which is fantastic, this share go a little quiet now because of the next phase of the geb field is in its early stages. Fingers crossed for you in your investment. Please feel free to ask any questions as we have a friendly billboard here!! Good luck regards H.
this is not a great situation to be in but at least other export oil will be in demand, off topic I had been reading from Rns think may the 14th and forgotten about the rig move and possible drilling of Ubima 1 re entry, eland has stated the rig will be on site in June. Anyone heard if or how far the tag 37 drilling rig is getting on or wether it has spudded. If not news should be soon. Sitting fast still, good luck all regards H.
After market sells of 1.4 million shares, I remember last time this happened it was a re rate for a higher price. So I’m hoping this has the same outcome, I still scroll over the capitol markets presentation and think Christ what a share to be involved in. I guess the news for flow rates will be very soon, from op9 if all goes to plan geb1 could spud early August, with cash flow increasing daily it’s all exciting stuff !! Have you got a target for selling or top slicing ? I still am mulling over the £1.30 mark to recoup all my investment and let the rest ride, any thoughts? Regards H.
Mmm I kept my nerve and didn�t sell any yet, i was strong and bought way back at 27.75 then again at 50.00 not huge amounts but enough for me, I will sell a third I think at �1.30 now, which will give me my money back I think. Been looking at Saga lately, big drop 6 weeks ago I think it�s a recoverer share, the divis are really good too, looking to get in very soon, massive drop was due mostly to monarch collapsing, not a huge gains in the next year but I can see a modest 25/35 percent. Glad ur back in though it�s looking very good.........
Well we have had some good updates lately, the company have really taken a aggressive stance on this development plan, update on completion of op 9 and 10 shortly after, can�t believe rig contracts for Ubima have all been sorted, will be on site in June. Come across this on the ft website which is worth a quick look, forecasts look very encouraging, link is here https://markets.ft.com/data/equities/tearsheet/forecasts?s=ELA:LSE I guess next stop is �1,20 on 9 & 10 news, notice some incentives have been introduced targeting �1.60 in the next 18 months for the directors if the criteria are much, to me they are very achievable!!! Have a great weekend everyone great to see you back lucky. Regards H.
Thankyou for your opinions, after reading big spikes post from a few days ago, general sentiment et all I�m going to keep with it, I have made a few targets, if the share gets to �1.20 I will sell a third basically recouping all my investment with a small profit, it�s not �1000s but peace of mind for me. This will leave me with let it ride shares which in itself sounds exciting, I�m confident that this will be a wise but a little risky discision, next target is �1.50, when the next third will go, if that happens that would be amazing, timescale realistically is 12/15 months for this, the rest I will leave and wait to see what happens. I have become quite attached to this company, impressed with there drive,clear judgement and positive spin on their business assets. Dare I say if eland carried on with there aggressive work plan would this bring interest from a larger company�s too buy them outright, stranger things have happened !! But with improvements and positive sentiment in the niger delta I�m very happy to be riding the wave with whole eland brand. Cher�s guys. H.
Never thought when I invested in this share within 2 years it would top the magical 100p mark, the ups and downs, what if, maybe and is it going too tank ran through my mind many times, so tempting to top slice this, get my original stake back and let the rest ride. Although my head is telling me this I can�t just ignor the huge upside I think this company still has to offer, I am really surprised not to see a flourish of sells at the �1 mark. As I see there are very little sells and more buys I think I will hold on, news can�t be that far away, oil is at a great price, opinions to where this will go is welcome, need a voice of reason to help me out. GL all H.
Come on then stop being a tease lol, noticed the sp never seems too drift erratically now, news would push it too mid 90s I reckon, big sell yesterday afternoon, but I�m still here patiently waiting like others.
Oh missed that bit where was is it then ? Cheers
Well what a great encouraging set of updates, ones rig engines have arrived and currently working on well 9, due to be finished end of April. Rig moves on to no. 10, then onto gbet other drill sites by q2 addin* a further 8k bopd. Cash in bank dec 2017 circa $37 m. CPR roughly up 10%, Ubima site after this by year end maybe my guess great Rns roll on you eland train. :)