ELA15 Jan 2019 07:30
Good figures being oredicted for 2019, growth looks very positive
"2018 was an exceptional operational year for Eland, with net production increasing some 60% from the start of the year to over 13,000 bopd by the year end, a record for the Company and for the OML 40 licence. Moreover, the Ubima field tested at combined rates of up to 1,400 bopd net to Eland and this is expected to enter commercial production in H1 2019. Gbetiokun will also provide a step-change in production as we forecast over 6,700 bopd net to the Company following commencement of the extended well test in Q1 2019.