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  • 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: SIA 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: SIA 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

  • 14 Mar 19

GMP FirstEnergy ― UK Energy morning research package

Gran Tierra Energy (GTE CN/LN); HOLD, C$4.75: New-country entry into Ecuador | Touchstone Exploration (TXP LN/CN)1 : BUY, £0.25; Operational update in Trinidad | Valeura Energy (VLE CN)1,6; BUY, C$11.00: 4Q18 results | Greenfields Petroleum (GNF CN) (not covered): YE18 reserves in Azerbaijan | ENI (ENI IM) (not covered): Farm out offshore Morocco | Oryx Petroleum (OXC CN): Under Review; FY18 results | Eland Oil & Gas (ELA LN) (not covered): Reserves update in Nigeria | ENI (ENI IM) (not covered): Major oil discovery offshore Angola

Companies: GTE TXP VLU GNF ENI OXC ELA ENI

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Eland Oil & Gas. We currently have 77 research reports from 5 professional analysts.

Open
164p
Range Today
164/165p
52 Week
97.0/165p
Daily Volume
5.9m
# Shares
215.6m
Daily Liquidity
(2.76%)
Pension Liability
£0m
Enterprise Value
£280.1m
Market Cap
£354.9m
Latest PE (hist)
3.59
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
16Oct19 11:38 RNS Seplat to be effected by Scheme of Arrangement
15Oct19 07:00 RNS Recommended Cash Acquisition
01Oct19 16:26 RNS Transaction in Own Shares
13Sep19 16:31 RNS Holding(s) in Company
11Sep19 07:00 RNS Gbetiokun-4 Update
11Sep19 07:00 RNS Interim Results for the six months to 30 June 2019
10Sep19 17:19 RNS Transaction in Own Shares
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  • 10 Oct 19

Cenkos: Falcon Oil & Gas Ltd - Drilling Commences

Yesterday, Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 exploration well in the Beetaloo Sub-Basin, Australia. The Kyalla 117 N2-1 well is the first well in the Stage 2 drilling programme to evaluate the potential of the Kyalla shale liquids rich gas play, with Falcon and its partner, Origin Energy looking to build on the 6.6Tcf of gross 2C contingent resource already discovered within the Middle Velkerri B shale dry gas play during 2015/2016. Following the Stage 2 programme, the JV will look to achieve commercial production flow rates in the most prospective play(s) through the drilling and stimulation of two horizontal wells in 2020. With a largely carried work programme and a resource base far in excess of any of its peers we believe Falcon offers investors a low-risk, low cost entry point into an emerging world-class basin. We maintain our BUY recommendation and our 41p price target.

Companies: Falcon Oil & Gas
  • 10 Oct 19

The investment case of Rio Tinto

Even though iron ore prices have weakened materially since July 2019, Rio Tinto remains well-positioned to generate healthy cash flows and maintain its shareholder reward attractiveness.

Companies: Rio Tinto
  • 23 Jul 19

Quarterly Research Outlook - Summer 2019

In January, we provided a list of 11 stocks for 2019 that we believed would perform strongly with attractive catalysts that could lead to material outperformance. In this Quarterly Research Outlook, we revisit these views, analysing what has happened and how the remaining six months of the year could play out.

Companies: AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CALL CSRT TIDE CYAN DTG DEMG ELM EMR FPO FST GTLY GENL GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR HYR IBPO IOG INDI JHD JOG KAPE KEYS KCT KGH LAM LIT LOK MACF MANO PCA PANR PXC PHC PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG SOM TWD TRAK TSG 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
  • 10 Oct 19

Headwinds driving diversification efforts

Europa is reacting positively to changes in the business environment in Ireland and is diversifying its portfolio. It has delivered a new exploration licence in Morocco and its strategy is to seek more new ventures in the appraisal/development space. The more restrictive regulatory/operating environment in Ireland is not helping Europa’s farm-out ambitions and is also expected to delay drilling time frames. As a result, we are raising our commercial risking on the farm-out licences, which sees our risked-NAV and price target cut from 45p to 32p. There is still major upside from a successful deal, but cash gets tight next year without a successful Wressle planning appeal and the cash flow boost this would deliver in 2020.

Companies: Europa Oil & Gas
  • 02 Jul 19

Where’s the Value?

Warren Buffett once said that as an investor, it is wise to be ‘fearful when others are greedy and greedy when others are fearful’. Fear is not in short supply right now.

Companies: OPM ALU ANCR BLV CONN CRC STU GATC HAT LEK MMH MCB MWE NXR NTBR NOG PAF PEG RFX SRC TEF TEG TPT VTU WYN XLM

  • 23 Sep 19

Iofina - Record results a taster of what’s to come

A great first half for Iofina, which has restructured its balance sheet, materially reducing debt levels, and accelerated its growth plans following a successful equity raise. Construction of its next iodine plant, IO#8, is underway while the search is on for a location for IO#9 in 2020. Strong cost controls in a tightening iodine market have boosted profitability and helped to deliver record results. The shares have performed accordingly and are now trading at a 17% discount to our 35p price target, albeit this does not include anything for its CBD business. These results bear all the hallmarks of a management team executing well and delivering on multiple fronts towards its iodine growth strategy. If they can replicate this with their CBD ambitions, well…

Companies: Iofina
  • 01 Oct 19

STATE OF CHARGE - INVESTMENT OPPORTUNITIES IN EV CHARGING

Government bans on new fossil fueled vehicles in many major economies are likely to drive significant growth in electric vehicles (“EVs”) over the next twenty years. This will create growth in electricity demand from EV charging. The volume of energy to be supplied creates opportunities for both supply companies and generators and the provision of charge points is already creating a new industry. However, the timing of this demand puts pressure on local distribution infrastructure. While smart charging and vehicle to grid technology offer solutions, we believe these will only be partial given likely charging behaviour and as a result there will be demand for additional grid capacity and for other solutions. These other solutions include charger located storage and distributed generation.

Companies: CNA NG/ YU/ DRX GOOD RED SMS IKA AFC

  • 30 Jun 16

AIMing for income

So what is the profile of a typical AIM quoted company? The market’s detractors may argue that London’s junior market is peppered with cash consuming companies that are not sufficiently advanced in their route to profitability nor corporate governance regimes to justify their listing. Supporters of the London Stock Exchange’s growth market would say that the Alternative Investment Market is the world’s most successful market for growing companies rewarding investors prepared to brave the risks of earlier stage funding, and driving innovation and job creation. Neither view suggests that AIM would be a fertile hunting ground for income generating stocks. However a glance at the FTSE AIM All Share constituents (Source: Fidessa) suggests that over 250 of its members or circa a quarter of the market’s members pay dividends.

Companies: BVXP BOTB ITQ SHOE CGS DX/ HSP JIL IBEX PRP CAML GTC JIM CCAP ENTU FXI NAH ASY HGM PEN PEG AVG NXR

  • 20 Aug 15

What we do in life Eckoh's in eternity, Avanti reaches for the sky, Platform change for Hornby, Mariana glitters

AVN Financing, BLU Timeline and Results, ECK Contract Wins, FITB Placing, Subscription and Convertible Loan Note, HRN Admission to AIM, MARL Estimate, MMH Interim Results, MXO Mexico Update, NET Contract Win, PLI Q2 Results and Highlights, SVR Contract Win, TRCS Trading Update, UNG Launch, VENN Trading Update

Companies: AVN BLU ECK HRN MMH MXO PLI SVR TRCS UNG ORPH NET MARL BIDS

  • 09 Aug 17

Termination of coverage

Edison Investment Research is terminating coverage on Quadrise Fuels International (QFI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Companies: Quadrise Fuels International
  • 20 Sep 18

AIM MARKET UPDATE June, July, August 2018

AIM showed no signs of a summer slowdown with three strong months with regards to total funds raised (new and further issues). June, July and August averaged over £700m per month, boosted by a particularly strong June which delivered 14 IPOs (historically AIM has 5-6 new joiners per month). Through the end of August 2018, the total amount raised (new and further issues) of £4.80bn is +15% on the same period in 2017 which itself was the best year since 2007.

Companies: CDM LOOP YEW BLOE AQX SAE ANX TGP INX CBOX MIND KGH RAI TGL YCA IMMO DGOC NUC OVB TWD CNIC

  • 26 Feb 19

Share & share alike

We have seen a continuation of the rally evident so far this year. The factors are familiar with greater optimism regarding US-China trade talks. At home, the path to Brexit remains unclear as D-day looms. The possibility of a delay has increased. The company reporting season continues to highlight winners and losers with the majority of results in line. We have also seen an uptick in corporate M&A. Results set the morning agenda and Brexit votes the evening one. In Share News & Views we comment on AorTech International*, APC Technology*, DeepMatter*, Golden Ocean Group and P&O Ferries/DP World.

Companies: AOR APC BONH BMS CTG CRPR DMTR ESC EUSP FDM FA/ LSAI NKTN PCF SNX TCN VRE W7L

  • 17 Apr 19

PowerHouse Energy Group - First revenue-generating agreement

PowerHouse Energy has signed an agreement with Waste2Tricity for the initial engineering phases of a project that will potentially lead to the first commercial waste-to-energy plant deploying PowerHouse’s proprietary DMG technology. This will be based at Peel Environmental’s £700m Protos energy hub in Ellesmere Port, Cheshire. Once operational, the plant will generate electricity and potentially hydrogen for fuel cell electric vehicles using unrecyclable plastic waste that would otherwise be sent to landfill.

Companies: Powerhouse Energy Group
  • 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