Inactive Instrument

Eland Oil & Gas PLC

Equities

GB00B8HHWX64

Eland Oil & Gas plc Reports Unaudited Production Results for the Six Months Ended June 30, 2019; Provides Production Guidance for the Second Half of 2019

September 11, 2019 at 02:00 am EDT

Eland Oil & Gas PLC reported unaudited production results for the six months ended June 30, 2019. For the six months, the company announced that net production from OML 40 achieved an average 9,948 bopd (22,106 gross) compared to 7,716 bopd (17,146 gross) a year ago.

The company provided production guidance for the second half of 2019. For the period, the company announced that drilling will continue at Gbetiokun during second half of 2019 with Gbetiokun-5 being drilled following completion of Gbetiokun-4. Following completion of Gbetiokun-5 net average production from Gbetiokun is expected to be between 9,000 to 9,900 (20,000 - 22,000 bopd gross).

Latest news about Eland Oil & Gas PLC

Seplat Petroleum Development Company Plc completed the acquisition of Eland Oil & Gas PLC from Lombard Odier Asset Management Limited, Helios Investment Partners LLP, Richard I Griffiths and others.	19-12-16	CI
Eland Oil & Gas PLC's Equity Buyback announced on November 19, 2018, has expired.	19-12-16	CI
Seplat Petroleum Development Company Plc reached agreement to acquire Eland Oil & Gas PLC from Lombard Odier Asset Management Limited, Helios Investment Partners LLP, Richard I Griffiths and others for approximately £360 million.	19-10-14	CI
Eland Oil & Gas PLC Announces Interim Dividend for the Six Months to 30 June 2019	19-09-11	CI
Eland Oil & Gas plc Reports Unaudited Production Results for the Six Months Ended June 30, 2019; Provides Production Guidance for the Second Half of 2019	19-09-11	CI
Eland Oil & Gas plc Reports Earnings Results for the Half Year Ended June 30, 2019	19-09-11	CI
Tranche Update on Eland Oil & Gas PLC's Equity Buyback Plan announced on November 19, 2018.	19-09-11	CI
Eland Oil & Gas plc Announces First Oil at Gbetiokun Early Production Facility at Licence OML 40	19-08-01	CI
Eland Oil & Gas PLC Provides Update on Drilling Activities	19-07-15	CI
Eland Oil & Gas plc Announces a Remedial Tubing Patch Has Been Installed on the Gbetiokun-3 Well in Licence OML40	19-07-10	CI
Tranche Update on Eland Oil & Gas PLC's Equity Buyback Plan announced on November 19, 2018.	19-03-20	CI
Eland Oil & Gas plc Announces Audited Consolidated Earnings and Production Results for the Year Ended December 31, 2018; Provides Production Guidance for the Full Year of Fiscal 2019	19-03-20	CI
Eland Oil & Gas PLC announces an Increase in Equity Buyback.	19-03-19	CI
Eland Oil & Gas plc Announces New Accordion Facility and Increased Borrowing Base	19-03-14	CI
Eland Oil & Gas plc Plans to Pay Maiden Dividend for the Year Ending 31 December 2019	19-02-20	CI
Eland Oil & Gas plc Announces the Initial Results of its Testing of the Ubima-1 Well	18-12-06	CI
Eland Oil & Gas PLC announces an Equity Buyback for £3 million worth of its shares.	18-11-19	CI
Eland Oil & Gas PLC authorizes a Buyback Plan.	18-11-18	CI
Eland Oil & Gas Sees Progress on its Nigerian Oil Operations	18-10-27	CI
Eland Oil & Gas PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018	18-09-20	CI
Eland Oil & Gas plc Provides Update on the Opuama-10 and Opuama-11 Wells in Licence OML 40 and Ubima	18-09-18	CI
Eland Oil & Gas plc Announces the Update on the Opuama Field in Licence OML 40	18-07-04	CI
Eland Oil & Gas PLC Appoints Nicholas Hugo Gay as Non-Executive Director, Effective 22 June 2018	18-06-20	CI
Eland Oil & Gas plc Reports Unaudited Earnings Results for the First Quarter of 2018; Provides Capital Expenditure Guidance for the Year 2018; Provides Drill Programme Plan for the Remainder of 2018 and 2019	18-05-17	CI
Eland Oil & Gas plc Reports Audited Consolidated and Company Earnings Results for the Full Year Ended December 31, 2017	18-04-18	CI

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Company Profile

Eland Oil & Gas PLC is a United Kingdom-based independent oil and gas company. The Company focuses on the production and development in West Africa, primarily in the Niger Delta region of Nigeria. It focuses on building and developing a portfolio of producing upstream oil and gas assets in West Africa. Its core assets are the OML 40 license and the Ubima field, both onshore Nigeria. The OML 40 license is situated within the Niger Delta, approximately 75 kilometers northwest of Warri and covers an area of over 498 square kilometers. The environment in OML 40 consists of shoreline and coastal mangrove swamps. The OML 40 license includes Opuama, Gbetiokun, Polobo, Abiala and Amobe. The Ubima Field covers an area of approximately 65 square kilometers and is located onshore in the northern part of Rivers State.

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