Equity Research, Broker Reports, and media content on Eland Oil & Gas

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  • 30 Oct 19
GMP FirstEnergy ― UK Energy morning research package

i3 Energy (I3E LN)1 ; SPECULATIVE BUY, £1.50: Very good well results at Serenity | OMV (OMV AG) (not covered): 3Q19 results | Total (FP FP) (not covered): 3Q19 results | Block Energy (BLOE LN) (not covered): Gas sales agreement in Georgia | Tethys Oil (TETY)1,6; BUY, SEK85: Farm in transaction in Oman | TransGlobe Energy (TGL LN/CN)1,6; BUY, £2.40: FY19 production guidance at the higher end of the range | Eland Oil & Gas (ELA LN) (not covered): Operating update in Nigeria | Panoro Energy (PEN NO) (not covered): Reserves increase in Gabon | Vaalco Energy (EGY LN/US)1 ; BUY, £2.40: More resources than previously expected in the Dentale reservoir

Companies: I3E OMV BLOE TETY TETY TGL ELA PEN EGY

  • 15 Oct 19
Oil & Gas Daily Flow

Eland Oil & Gas (ELA); Seplat Petroleum (SEPL) – Seplat’s £382m bid for Eland accepted by Directors | Tower Resources* (TRP): Tower successfully raises £1.5m | Coro Energy (CORO) – Successful appraisal well atDuyung

Companies: ELA TRP CORO

  • 15 Oct 19
Investor Update: Woodford's troubled equity income fund to be shut down
investor-update-woodford-s-troubled-equity-income-fund-to-be-shut-down
  • 11 Sep 19
GMP FirstEnergy ― UK Energy morning research package

Soco International (SIA LN) (not covered): 1H19 results | i3 Energy (I3E LN)1 ; Speculative Buy, £1.40: Still very high impact drilling but higher risk | Independent Oil & Gas (IOG LN); BUY, £0.55: Harvey update in the UK | Eland Oil & Gas (ELA LN) (not covered): 1H19 results | Panoro Energy (PEN NO) (not covered): Discovery in Gabon |

Companies: PHAR I3E IOG ELA PEN

  • 11 Sep 19
SP Angel – Oil & Gas View

SOCO International (SIA): Interim Results, revenues flat, production up significantly | Eland Oil & Gas (ELA): Strong 1H/19 financials | Independent Oil &Gas (IOG) – Analysis of Harvey continues | Tower Resources* (TRP): Near term funding is key

Companies: PHAR ELA IOG TRP

  • 01 Aug 19
GMP FirstEnergy ― UK Energy morning research package

Royal Dutch Shell (RDSA/B LN) (not covered): 2Q19 results | Zenith Energy (ZEN LN) (not covered): Equity placing | Eland Oil & Gas (ELA LN) (not covered): First Oil at Gbetiokun EPF in Nigeria

Companies: RDSA ZEN ELA

  • 01 Aug 19
SP Angel – Oil & Gas View

Eland Oil & Gas (ELA): Gbetiokun First Oil | UK Oil & Gas (UKOG): Horse Hill Production

Companies: Eland Oil & Gas UK Oil & Gas Investments

  • 01 Aug 19
Small Cap Feast

Freyherr International Group PLC the Medicinal Cannabis holding company established in 2016, is planning to list on the NEX exchange on the 13 August

Companies: BRH UPR PMP ELA TSG BIDS ALBA BILB ASH GOOD

  • 15 Jul 19
SP Angel – Oil & Gas View

Lansdowne Oil & Gas* (LOGP)/Providence Resources (PVR): Funding Update | Eland Oil & Gas (ELA): FDP Approval and Well Spud | Lekoil (LEK): Operational Update Union | Jack Oil* (UJO): Biscathorpe Update | Block Energy (BLOE): Licence Update | Mosman Oil & Gas* (MSMN): Stanley-2 Production

Companies: LOGP ELA LEK UJO BLOE MSMN

  • 10 Jul 19
GMP FirstEnergy ― UK Energy morning research package

Total (FP FP) (not covered): Divestment in the UK North Sea | Eland Oil & Gas (ELA LN) (not covered): Update in Nigeria | Wentworth Resources (WEN LN) (not covered): Dividend Policy

Companies: Eland Oil & Gas Wentworth Resources

  • 10 Jul 19
SP Angel – Oil & Gas View

Eland Oil & Gas (ELA): Gbetiokun-3 update | Wentworth Resources (WEN): Dividend Policy

Companies: Eland Oil & Gas Wentworth Resources

  • 10 Jul 19
Small Cap Feast

ReAssure Group plc - The Group is a leading closed book life insurance consolidator in the United Kingdom with 4.3m policies, £68.7 billion of assets under administration on a Post-L&G Illustrative Basis. It is considering a premium listing segment of the main market. Voyager AIR The Com pany w ill focus on the acquisition, leasing and m anagement of prim arily widebody aircraft, w ith asset management services to be provided by Amedeo Limited the IPO will comprise a Placing and Offer for Subscription of Shares to raise up to approximately US$200m.

Companies: CRC XSG ELA REDX ORCP SIXH CAML TCN TLOU DBOX

  • 25 Jun 19
GMP FirstEnergy ― UK Energy morning research package

ExxonMobil (XOM US) (not covered): Selling assets offshore Norway | Valeura Energy (VLU LN/CN): Reservoir Stimulation at Inanli-1 in Turkey | Exillon Energy (EXI LN) (not covered): May production in Russia | Petroneft Resources (PTR LN) (not covered): Financing update | Energean Oil & Gas (ENOG LN) (not covered): Agreement signed with INGL | Genel Energy (GENL LN), Speculative Buy, £3.20: Commencement of share buy-back | Eland Oil & Gas (ELA LN) (not covered): OML 40 operational update in Nigeria

Companies: XOM VLU EXI PTR ENOG GENL ELA

  • 25 Jun 19
SP Angel – Oil & Gas View

Eland Oil & Gas (ELA): OML 40 Operational Update | Genel (GENL): Shareholder Buyback | Exillon Energy (EXI): May Production Report | Mosman Oil & Gas* (MSMN): Operations Update | Cabot Energy* (CAB): AGM Statement | Gulf Keystone (GKP): Dividend Declaration | TOMCO (TOM): Field Test Update

Companies: ELA GENL EXI MSMN CAB GKP TOM

  • 20 Mar 19
GMP FirstEnergy ― UK Energy morning research package

Condor Petroleum (CPI CN) (not covered): 4Q18 results | ENI (ENI IM) (not covered): Norway discovery | La Francaise de l’Energie (LFDE FP)7 ; Speculative Buy, EUR34.00: Results for the six month period ending 31/12/2018 | Serinus Energy (SENX LN)1 ; Speculative Buy, £0.25: US$3mm private placement | Union Jack Oil (UJO LN) (not covered): Equity fundraising | Genel Energy (GENL LN); Speculative Buy, £3.20: 4Q18 results & New Dividend Policy | African Petroleum (APCL NO) (not covered): Merger with PetroNor | Eland Oil & Gas (ELA LN) (not covered): FY18 results

Companies: CPI ENI SEN UJO GENL APCL ELA

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Eland Oil & Gas. We currently have 78 research reports from 5 professional analysts.

Open
165p
Range Today
165/166p
52 Week
101/166p
Daily Volume
231.2k
# Shares
215.6m
Daily Liquidity
(0.11%)
Pension Liability
£0m
Enterprise Value
£280.1m
Market Cap
£356.6m
Latest PE (hist)
3.59
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
12Dec19 17:30 RNS Eland Oil & Gas
12Dec19 13:00 RNS COURT SANCTION OF SCHEME OF ARRANGEMENT
20Nov19 16:27 RNS RESULTS OF THE COURT MEETING AND GENERAL MEETING
14Nov19 07:00 RNS STATEMENT IN RELATION TO ELCREST
08Nov19 12:09 RNS Correction: ELAND SIP AND RULE 2.9 ANNOUNCEMENT
08Nov19 07:00 RNS ELAND SIP AND RULE 2.9 ANNOUNCEMENT
30Oct19 07:00 RNS Operations Update
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  • 13 Dec 19
Hurricane Energy

Operational update

Companies: Hurricane Energy
  • 09 Dec 19
Unreliable assets revoke strategic plan

The crisis management plan is on and exploration hopes are now secondary. The group is revising its production guidance sharply for the next three years and will reassess its capital allocation (including divestments). The departures of both the CEO and the Exploration director hint that the recovery might be a long one for the group.

Companies: Tullow Oil
  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP ESRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 02 Sep 19
LIBERUM: Sylvania Platinum* - Results beat, Grasvally disposal but light on dividend

Sylvania has reported FY19 results (June Y/E) of $6.37/sh versus expectations of $5.95/sh due to a lighter tax expense than assumed. They have entered into a binding agreement to sell Grasvally for R115m ($7.6m at current FX), which should be settled in the next eight months.

Companies: Sylvania Platinum
  • 06 Dec 19
Cenkos: Salt Lake Potash Ltd -- Placing

Salt Lake has raised A$23.5m at A$0.70 from several new Australian institutional investors and existing institutional shareholders. Taurus has also extended the Stage 1 Facility by US$15m (A$22m) to US$45m ahead of the main Project Development Facility as Salt Lake complete documentation and satisfaction of conditions precedent for the main Project Development Facility. Whether the work is progressing quicker than expected or documentation is taking longer is unknown but Salt Lake are pushing forward to meet its Q4/20 target. The next key stage will be the main Project Development Facility being finalised.

Companies: Salt Lake Potash
  • 02 Dec 19
Hurricane Energy - Warwick West discovery

This morning Hurricane Energy announced the flow test results from its Warwick West well, which is the third and last well from the 2019 drilling campaign in the Greater Warwick Area (GWA). The well confirmed the discovery of 43° API light oil and tested at a stable flow rate of 1,300bod on natural flow with less than 0.5% of water being produced. Hurricane and Spirit Energy are evaluating the results of the 2019 drilling campaign and further technical analysis will determine both the potential for GWA to be a single accumulation and its volumetrics. Our risked valuation of Hurricane stands at 102.8p/share, with GWA tieback valued at 3.5p/share and GWA full field development at 21.6p/share. Hurricane shares are trading at 37.5p after dropping c 20% this morning. This implies the market is not attributing any value to the GWA full field, even though an oil discovery was observed.

Companies: Hurricane Energy
  • 06 Dec 19
Diversified Gas & Oil - Roadmap to Main Market

Diversified Gas and Oil (DGO) has announced the successful completion of its securitised financing arrangement with a 5% coupon and 10-year maturity. The company issued $200m in notes secured by c 22% working interest of certain upstream assets’ cash flows. DGO also announced its Q319 results delivering a 10% q-o-q increase in production to c 91kboed and hedge adjusted EBITDA of $64m. Since our previous note, the company has completed three acquisitions encompassing assets located near DGO operations and announced it is pursuing a move to the Premium segment of the Main Market of the London Stock Exchange. We update our valuation to 157.2p/share affected by a decrease in short-term gas price assumptions and lower production in H119 compared to our last note.

Companies: Diversified Gas & Oil
  • 11 Dec 19
Cenkos: Falcon Oil & Gas Ltd -- Horizontal Drilling Commences

This morning, Falcon Oil & Gas, along with its JV partner Origin Energy, announced that drilling had commenced on the horizontal section of the Kyalla 117 N2-1H appraisal well, situated in the Beetaloo Sub-Basin, Australia. The 1,000-2,000m horizontal well is being drilled in the Lower Kyalla shale at a depth of c1,800m TVD. We expect the horizontal section of the well to take between 20-25 days to drill. Following its completion, the well will be fracture stimulated and put on a 90-day extended production test, with results expected in Q2/20. We reiterate our BUY recommendation and our 41p price target.

Companies: Falcon Oil & Gas
  • 26 Nov 19
Oil prices help, but the best returns come from asset growth

This note takes a look at UK oil and gas sector equities from the supermajors down to the small cap E&Ps, the extent to which they outperform a simple bet on oil prices, and whether there are common characteristics that can allow investors to pick winners in the space. We conclude that outperformance is possible and has been achieved by numerous names in the last ten years, with the core hallmarks being asset base augmentation, either by progressing assets and/or via acquisition, and possessing the agency to achieve this. We also include profiles of the oil and gas stocks in our coverage.

Companies: BLVN GENL GEEC GKP HTG HUR IOG JOG LAM PANR PMO RKH SEN

  • 10 Dec 19
Gulf Keystone Petroleum#

Operational update and buyback

Companies: Gulf Keystone Petroleum
  • 12 Dec 19
Pantheon Resources*

New Alaska lease acquisitions

Companies: Pantheon Resources
  • 12 Dec 19
Genel Energy

KRG payment delay

Companies: Genel Energy
  • 13 Nov 19
Q3: back to square one?

Double whammy for Tullow Oil, which has revised its production forecasted for FY19 for the third time and reports that its latest discoveries in Guyana are heavy crudes with a high sulphur content. While it is too soon to declare both discoveries are not commercially viable, this is a big disappointment, which triggered a sell-off in the stock.

Companies: Tullow Oil
  • 09 Dec 19
Rockhopper Exploration

Abu Sennan sale update

Companies: Rockhopper Exploration
  • 18 Apr 19
LIBERUM: Sylvania Platinum* - More value and more options

We recently attended a company site visit which highlighted that we have considerably undervalued the tail of Sylvania’s operations. Also, now that its host Samancor has grander ambitions, Sylvania too has possible growth opportunities.

Companies: Sylvania Platinum