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Operations Update

4 Sep 2014 07:00

RNS Number : 7970Q

Eland Oil & Gas PLC

04 September 2014

Eland Oil & Gas PLC

("Eland" or the "Company")

Operations Update

Eland Oil & Gas PLC (AIM: ELA), the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that production on the Opuama field has recommenced, with gross production stabilising at an average rate of over 3,500 bopd.

Furthermore, Elcrest Exploration and Production Nigeria Ltd ("Elcrest"), Eland's joint venture company, has received payment for its August lifting from Shell Western Supply & Trading Ltd. Elcrest has now sold and received funds for a total of 46,022 bbls of crude to date.

Elcrest's next lifting is expected to take place in early September and is due to be a cargo of circa. 38,000 bbls of crude.

For further information:

Eland Oil & Gas PLC	+44 (0) 207 016 3180
Les Blair, CEO
George Maxwell, CFO
Edward Cozens, IR

Canaccord Genuity Limited	+44 (0) 207 523 8000
Henry Fitzgerald-O'Connor
Peter Stewart

FirstEnergy Capital LLP	+44 (0) 207 448 0200
Majid Shafiq
Khalid Ahmed

Citigate Dewe Rogerson	+44 (0) 207 638 9571
Martin Jackson
Shabnam Bashir

This information is provided by RNS

The company news service from the London Stock Exchange

END

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9th May 2014	9:53 am	RNS	TR-1: Notification of Major Interest in Shares
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8th May 2014	11:15 am	RNS	TR-1: Notification of Major Interest in Shares
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5th Mar 2014	9:07 am	RNS	TR-1: Notification of Major Interest in Shares
3rd Mar 2014	3:35 pm	RNS	TR-1: Notification of Major Interest in Shares
27th Feb 2014	7:00 am	RNS	Extension of Loan Facility & Exercise of Options
24th Feb 2014	2:52 pm	RNS	TR-1: Notification of Major Interest in Shares

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