Eland Oil & Gas PLC (LON:ELA)

Eland Oil & Gas PLC (LON:ELA)


Share Price
119.40 p
Change
1.4 (1.19 %)
Market Cap
£258.73 m
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Eland Oil & Gas PLC

Eland Oil & Gas is an independent oil and gas company focused on production, development and exploration in West Africa, particularly the highly prolific Niger Delta region of Nigeria.

EPIC: ELA
Market: AIM:ELA
FRA:EL8
52-week High/Low: 135.000p / 94.272p
Sector: Energy
Market Cap: £258.73 m
Website: www.elandoilandgas.com
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Big Picture – A Deep Dive Examination of Eland Oil & Gas PLC


Eland Oil & Gas PLC Snapshot

Eland delivers shareholder value by maintaining production and cash flow, delivering further accretive development projects and executing successful exploration campaigns, ensuring we are suitably financed through a mix of diverse funding options and portfolio management.

Eland's strategy is measured by its Key Performance Objectives (KPIs). The Board agrees KPIs at the start of every year which are targeted to deliver short-to-medium-term objectives.

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UK & Nigeria.

Board-George-Maxwell.jpg

George Maxwell

CHIEF EXECUTIVE OFFICER AND FOUNDER
Board-Ron-Bain.jpg (1)

Ron Bain

CHIEF FINANCIAL OFFICER
Board-Russell-Harvey.jpg

Russell Harvey

CHAIRMAN
Board-Henry-Obi.jpg

Henry Obi

NON-EXECUTIVE DIRECTOR
Board-Henry-Turcan.jpg

Henry Turcan

NON-EXECUTIVE DIRECTOR
Board-Grégory-Stoupnitzky.jpg

Grégory Stoupnitzky

NON-EXECUTIVE DIRECTOR
Board-Brian-O-Cathain.jpg (1)

Brian O'Cathain

NON-EXECUTIVE DIRECTOR
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Nicholas Gay

NON-EXECUTIVE DIRECTOR

Senior Management

The Senior Management team sets our strategic objectives and has overall responsibility for Eland's risk management and internal control systems

Adebayo has over 30 years’ diversified experience in the upstream oil and gas industry, from oil and gas field development to administration and business development.

Adebayo started his career with Ashland and rose to the level of onshore Production Manager before leaving for Texaco Overseas where he served as Head of HR in Warri.

Afterwards, he worked for Moni Pulo and Allied Energy as Executive Director and COO before joining Afren in 2009. He was the Managing Director at Afren from 2011 before joining Oriental Energy O&M Services He joined Eland as Managing Director of Nigerian operations in 2015.

Adebayo has a degree in Chemical Engineering from the University of Ife and completed a General Management Programme at Harvard University.

Shareholder analysis

Shareholder Number of shares Percentage shareholder
Helios Natural Resources Ltd. 62,669,943 28.77%
1798 Volantis 53,686,004 24.65%
Mr Richard I Griffiths 11,164,523 5.13%
BlackRock Investment Management  9,229,339 4.24%
Encompass Capital Advisors 6,027,751 2.77%

Source: Equiniti Investor Analytics as at 31 May 2019

Aberdeen

Seabrokers House
Prospect Road
Westhill, Aberdeen
Scotland, AB32 6FE
+44 1224 737 300

England

20 North Audley Street
London
W1K 6WE
+44 207 016 3180

Nigeria

Atlantic House
121 Louis Solomon Close
Victoria Island
Lagos
Nigeria

Advisors

Secretary
Stronachs Secretaries Limited
28 Albyn Place
Aberdeen
AB10 1YL
United Kingdom

Nominated Advisor & Joint Broker

Peel Hunt LLP
Moor House
120 London Wall
London

EC2Y 5ET

United Kingdom

Joint Broker

Stifel Nicolaus Europe Limited
150 Cheapside
London

EC2V 6ET

United Kingdom

Auditor
PricewaterhouseCoopers LLP
7th Floor
The Capitol
431 Union Street
Aberdeen
AB11 6DA

Competent Person
Netherland, Sewell & Associates, Inc.
4500 Thanksgiving Tower
1601 Elm Street, Suite 4500
Dallas, Texas 75201
USA

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