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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Eland Oil & Gas PLC    ELA   GB00B8HHWX64

ELAND OIL & GAS PLC (ELA)
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Delayed Quote. Delayed  - 08/17 05:35:25 pm
117.5 GBp   --.--%
08/16ELAND OIL & GAS : Opuama Operations Update
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07/31ELAND OIL & GAS : Commencement of Ubima Appraisal
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07/26ELAND OIL & GAS : - Opuama-10 Update
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Eland Oil & Gas : Says Nigeria Well to Show Top Performance

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05/17/2018 | 04:23pm CEST

Eland Oil & Gas PLC, West Africa-focused oil and natural gas exploration company, has reached a target depth of 9,000 feet on the on the Opuama-9 well in licence OML 40 by the end of April 2018

In April 2018, Eland restarted drilling at the Opuama-9 well. The team was confident that the drilling programme would see growth in Opuama oil production, thus increasing oil output in the West African region.

As reported by Alliance News Limited, the new hole section reached the initial target depth, securing the targeted D1000 and D2000 reservoirs.

The source further added that the company is expected to further establish oil drilling target for future in the E2000 reservoir. The well is scheduled to be completed by the end of May 2018, stressed the source.

George Maxwell, CEO of Eland, commented that the company hopes to achieve the short-term target of 30,000 bpd from the Opuama field. Eland will start drilling Opuama-10 field once drilling of Opuama-9 is completed, Maxwell added.

The drilling programme is in line with Elands aim to explore more oil and gas potential in the West Africa region.

(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on ELAND OIL & GAS PLC
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News from SeekingAlpha
2017Eland Oil & Gas (ELOGF) Investor Presentation - Slideshow 
Financials (GBP)
Sales 2018 199 M
EBIT 2018 94,6 M
Net income 2018 62,2 M
Finance 2018 29,7 M
Yield 2018 -
P/E ratio 2018 4,70
P/E ratio 2019 2,91
EV / Sales 2018 1,15x
EV / Sales 2019 0,50x
Capitalization 258 M
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Number of Analysts 5
Average target price 1,63  GBP
Spread / Average Target 39%
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Managers
NameTitle
George Walter Mitchell Maxwell Chief Executive Officer & Executive Director
Russell Seth Harvey Non-Executive Chairman
Pieter van der Groen Chief Operating Officer
Ronald A. Bain Chief Financial Officer & Director
John Downey Chief Technical Officer
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