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The next overhaul on well 9 going to be anyone know? Is the rig going to be moved shortly, really thought with the current cash flow and daily bopd circa 28000 this would be flying by now, but no, great company more patience required I guess. :)
This is worth a read http://punchng.com/fg-blames-low-patronage-of-ndelta-ports-on-insecurity/
Yes I would agree with you, but it�s so tempting to top slice this, but however I look at it, just can�t as the rewards are staring me in the face. If the directors suddenly sell a few I may follow suit, I have looked at the projections on elands website and production peaks in 18 months time, at a staggering 8o k bopd, that�s some figure for a aim oily, my guess is the company will nye on complete all the workovers in the various sites geb, opuama etc use the capitol from the oil already shipped and sold to fund the campaigns, which makes perfect sense, I think then once these are almost complete, I really do reckon firms come will in with a toe in the water offer, as everything will be in place,I�m holding on dare I say for a �1.80 price tag for my golden nuggets. Possibly more. The directors have a wealth of knowledge in this area and far from being mugs, time will tell. Regards H.
Hi but forgive my lack of knowledge, but when do you see the turn around within eland so that it does start paying small divs, I really can�t see to much debt here, because of the oil they are pumping each day. I would also appreciate anyone�s else�s views please. Thanks in advance. H.
Great find, explains why this has started to move north again, if these agreements can be rubber stamped and introduced ASAP it would calm down and add clarity to the Nigerian oil industry, flow rates can�t be far off now too, did you spot the late Rns yesterday, people gathering more shares which gives me more confidence. Cheers H.
Does anyone know why ??? Seems strange wasn�t expecting any news until mid Feb. Thoughts anyone cheers H.
Well the Rns.is out, to me the mms anticipation of the news is almost mystical, without flicking through loads of data how many more wells are there to be drilled currently while they have the drilling rig? To me every 5k bopd puts on around 8p/11p on the sp. now we know they have already spudded the op 9 and this is to be completed mid Feb, it�s interesting that eland are also testing other small play zones within the structure, but rightly so, once this is out the way, more wells are planned can�t remember in which site but 12/13 bopd net to eland at the end of Feb is great going. I am in a state of flux, head saying sell as news has passed, it will drop, so sell,but instinct is nagging me the mms will let the flurry of sells go through this week maybe next then hike the sp up as there is so much going for this share. Seen it before any thoughts? Ok is there any opinion that eland will get everything up and running this year with appraisals etc, bopd at good levels then bang an offer comes in for the whole lot, yes it�s a thought but can this really happen I ask myself. Thoughts welcome kind regards H.
So glad I resisted selling these at 50p, I kept my faith and bought more, why ? I asked myself I originally bought into eland @ the start, seeing its amazing potential, but then doubled my holding in July 16, hoping to recoup my money, from what I had lost in the beggining. I have achieved that and more now, for once I held my nerve and it�s worked,Well the update must be very soon, great chunks of buys going through now, just wish we had a word from golden boy on how he sees things as he seems to have the foresight on this share, good luck mr elland, Stuart and the rest of the eland crew. Regards H.
Well it was a good update, op 8 will be operational in jan 18, the op 9 will be next phase, I think the sp will rise a modest 10% near mid January, the issue with this share is it’s not pumping the 5/7 bopd until jan, the shadow of militant strikes are still very real, that’s whats holding things up. It’s a good sign that the Sp is holding quite steady, but a clear strategy needs to be outlined and headway made with the local community people and leaders before things really start to move. This share has enormous potential go8ng forward, these are My thoughts on eland.
Cheers stu a great artical, I�m sure things will be looked at and communication with the Niger delta guys will be positive therefore ensue peace in the area, oh welcome back btw I see a nice rise coming this week on this fortuitous news bud.
Hi can you be good enough and post the link of the news as I am having trouble finding it, many thanks
Hi in Lehman�s terms �simple to understand* what benefit to the shareholder will this make if the 40k bopd is reached by 2020, is it a good thing. Cheers H.
Hugh, those were big buys just floated through, must be confident investors somewhere guys.
To me the Rns today is fantastic news, it gives us the information we needed on the intentions of the company, they have secured the rig for the other drills, roughly comfirmed the bopd expected from the wells and in what time frame they hope to achieve it. We are waiting on test flow results of op 7 which are likely to exceed expectations, its the potential revenue that is the clincher, Ela is making good ��� atm most of it as I can see is funding these drills, once these are out of the way and operations are in full swing, revenue will soar, may I add this will be done in a very short time scale, to me it�s not about the quick buck scenario but the potential of steady reliable cash flow,ok the pitfalls are mainly hostile activity, but I�m hoping common sense will prevail, yes it may drop a little as news flow d y up for a short while but boy there are some fantastic figures to come if all goes to plan. Gl H.
Some good volume again today Rns must be close again, this is such a bargain share to have glad I was in some time ago, bopd set too increase further on wells coming online by the end of the year, come on let�s get this share where the true value should be. I know cash is king but they must be heading into a great balance sheet by the end of the year. Regards H.
Stuartv thanks for info. The interview was very good, George maxwell conducted himself very well, honest and to me a driven man, I like the bit where do you see eland production rates in 2/3 years time, he said he hopes to have a 80000 bopd figure. If all things go to plan, I'm happy with that !! It's a must watch everyone. Regards H.
What day are results due, as I can't find, guesses on rise ?? Cheers
Don't mean to rain on your parade but I don't agree with what you are saying, the forecasts are quadruple where we are ATM, going into to q3 2018, the oil price will stabilise to around $60/65 a barrel by then, the company floated on the market maybe 5 years ago with a price of £1, there has been some drawdown of debt and a relatively small fund raising going on in that time,Evan brokers have priced this in and above a £1, realistically With the facts in hand I can see the shares all being well sitting at £2/£3 by end of next year. Yes it does rely heavily on no pipe line interruptions and good fortune,will drills weather etc. but the cash they will eventually be generating is fantastic. I can't see a downside from here really, I do appreciate others that will have a different take, of which I can fully understand, as it's good to have a different voice spoken. Anyhow keep to a strategic timeline dare I say be ruthless in selling at target points. Yeah right I try to do this but always get it wrong !! Cheers H.
Good morning all, have just glanced over the eland potential production chart and really was taken back by the aggressive way the board want this company to kick on from here,within the next 18 months or so, nearterm share price when news of the drills have started / completed is around the 70/75 mark, pushing on to a pound by October with all things being well. But the graph shows with more areas being cleared and bought on line this could produce a whooping 50k bopd by q4 2018. Obviously the net would be 22k too eland, but that's huge, moving past that it hopes to peak at 80 k by q3 2019, we are on step 3 of a 10 step ladder to me, still very early stages. I surmise that the board as it is will make good progress assuming everything runs well over the next 12/16 months. Hopefully with the calming political situation/investment / oil price gains predicted over this term, eland as a company will become a very attractive asset, everything in place and potential further upgrades on oip figures, I can see them being bought out,the current board will then look for another gem to develope, there you go I have said it !! So yes it's nice to see gains and yes it's wise to take profits, but I have wondered why that huge buy of 46 million shares went through the other day, it hit me then "patience" is the key. My measly holding is sheer peanut shells compared to most but I bought these early July 2016, very pleased with there progress. I'm so tempted to dip my other toe in now, thoughts gents would be appreciated, regards H.
See the mms are having a little fun after hours, anyone wish to comment on the huge buy notified by Rns the other day,I'm sure it was in excess of 46 million shares bought I think, we will see this flat price until mid July, so a little taste of the duldroms for a while I think. I'm tempted to top up a little at these prices, enjoy the sun. Regards H.