Member Info for stuartv

H1 results

Steady as she goes. Op 10 and 11 updates soon, Ubima test drill progress and H2 results. And Gb by the end of the year. GLA

Previous experience suggests that ELA usually take around 3 weeks to announce results of their flow tests. Hopefully I am wrong and the RNS will be published sooner but my money is on an announcement middle of next week.

Something else to throw into the mix but as I understand it ELA output is of the low sulphur variety - unlike some regions. https://www.cnbc.com/amp/2018/08/22/imo-2020-oil-market-could-see-a-diesel-fuel-resurgence-analysts-say.html

Just spotted them Stach. Keeping the faith.

Morning Stac. Totally agree. Could be the experienced MM’s have their two weeks in Margate in August. The same thing happened last year. Hopefully normality will return when they get back. GLA

Ditto Bigspike. Unfortunately don’t have charts but I remember exactly the same pattern last August. The price dropped to around 48p (give or take) from around the low/mid 60 region. Great news in the pipeline (pun intended)

A trade for a million shares has just gone through at £1.20. I guess that's the reason the MM's have been dropping the price. Was it you Grezz or was it you Stach :-))

Great news Shallwe. Eland always deliver. There maybe a couple or three ars- clinchers along the way but the fundamentals are brilliant. September will bring the H1 results so looking forward to seeing increased profits and revenues. I enjoyed seeing some great informative contributions from all yesterday. Good morning all and good luck.

Market seems pretty spooked today. Maybe the absence of an RNS concerning Op 10 flow rate and Op 7 water cut issue causing jitters. Sitting tight great company always deliver.

Thanks Stach fingers crossed. I know you mentioned a pending RNS in one of last weeks posts. Something is brewing. Onwards and upwards.

Very odd trading pattern today. Breakout soon ??

Yes it just keeps getting better. Hopefully more good news soon about the pending resolution of the Op7 water cut problem. Yes Sir George Maxwell does have a certain ring to it :-))

Yes very positive news. Pending the successful re-entry of Op 7 35,000 BPD beckons. Bring it on.

I agree with bigspike grezz. Keep posting a great insight. Wish I'd thought of that lol.

Welcome onboard Stach good call investing in Eland it's a very well run company. I am not up on as much of the detail as some of the other P.I's on this board but I seem to remember the share has never been North of £1.30. With the drilling programme i.e Ub, Gb and on going Op I think £2 by this time next year is very realistic. In the shorter term £1.50 by Autumn 18 is well within reach. H2 results are announced in September which will undoubtedly show continued momentum. In the next two years its onwards and upwards. After that who knows. But on past performance they won't sit back. Whatever they decide to do it is has always been effective. You may have already seen the George Maxwell interview Panmure Gordon on YouTube but if not it's well worth a watch. It's a year old but the fundamentals are still the same.

https://www.cnbc.com/amp/2018/07/05/iran-is-threatens-to-close-critical-transit-lane-for-crude-oil.html

Thanks for the feedback Shalwe very interesting insight. I reckon you'll reach your target by late autumn. In my humble opinion Elands SP trend will continue as normal up till then and during H1/2 of 2019. However in late May early June 2019 when they announce profit figures for 2018 the price will shoot up.. By then the company will be making significant profits currently it's a case of jam tommorow. With proven reserves only good news from Eland for at least the next two years. Still a slight risk due to potential militant activity in the Delta but courtesy of Elands robust balance sheet and barging option the risk is lessoned. I reckon £3 plus is more than achievable by 2020

Sounds like a good commonsense approach to me Hughes - good luck to you. Good to see that MM's are holding the price up today despite the imbalance between buyers and sellers. Clearly buyers in the background pending or confirmed. Maybe they have a soft spot for George - tee hee.

Hi Herminator your strategy is probably the commonsense approach. However in my case I am just going to bite the bullet and stick with my current holding for at least a couple of years based on the current drilling program and wells in the pipeline (pun intended lol). I have said this before and the fellow long-term holders will be yawning by now but I bottled it on three previous occasions and sold out only to buy back in. My buy in's were around 30, 50 and 80. That said this company has been good to me and I am sitting on a good profit albeit with a diluted holding. After two years who knows I can't see Eland just sitting on their laurels I am sure they'll have something in place to maintain forward momentum. Finger in the air for the SP but Simply Wall St analysis gives me hope. Good luck to you.