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Eland Oil & Gas targets 50,000bpd in 4 years from Nigerian asset

Les Blair, CEO of Eland Oil & Gas (LON:ELA) tells Proactiveinvestors that it is targeting initial production at its OML 40 field of 2,500 barrels of oil per day in six months with the intention to expand to 50,000bpd within 4-years. Les details the history of the well, the team he has assembled to exploit the opportunities presented to Eland and the work is needed to initiate production.

Quick facts: Eland Oil & Gas PLC

Price: 164.6 GBX

AIM:ELA
Market: AIM
Market Cap: £354.98 m
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Investor Update: Woodford's troubled equity income fund to be shut down

Headlines from the Proactive UK newsroom. Neil Woodford's troubled equity income fund is to be wound up as part of a fire sale -- its adviser Link Fund Solutions has announced. Investors have not been able to make withdrawals since early June due to its problems. Nigeria-focused oil group...

on 15/10/19

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Form 8.3 - Eland Oil & Gas PLC

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Form 8.3 - Eland Oil Gas plc

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Form 8.3 - Eland Oil & Gas plc

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