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Eland Oil & Gas Fundamentals

Company Name Eland Oil & Gas Last Updated 21 Oct 2019
Industry Oil & Gas Sector Exploration & Production
Shares in Issue (m) 215.59 Market Cap (£m) 351.85
PE Ratio 5.83 Div per Share () 0.00
Div Yield 0.00 Div Cover 28.00
EPS 28.00 EPS Growth (%) 566.67
PEG 0.01 DPS Growth (%) n/a
Debt Ratio 15.61 Debt Equity Ratio 0.37
Net Gearing 24.49 Gross Gearing 33.58
Asset Equity Ratio 1.51 Cash Equity Ratio 13.70
Quick Ratio 1.17 Current Ratio 1.20
Price To Book Value 1.12 ROCE 20.80

Eland Oil & Gas Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
H1 Dividend 17 Oct 2019 31 Oct 2019 GBX 1.00

Eland Oil & Gas Company Financials

Assets (£m) 2018 2017 2016
Tangible Assets 238 196 190
Intangible Assets 31 13 12
Investments 84 12 4
Total Fixed Assets 353 222 206
Stocks 3 1 0
Debtors 70 9 1
Cash & Equivalents 43 37 11
Other Assets 5 0 0
Total Assets 474 269 220
Liabilities (£m) 2018 2017 2016
Creditors within 1 year 101 76 40
Creditors after 1 year 58 26 23
Other Liabilities 0 0 0
Total Liabilities 159 102 64
Net assets 315 166 156
Equity (£m) 2018 2017 2016
Called up share capital 257 257 254
Share Premium 27 27 12
Profit / Loss 78 -16 -31
Other Equity -9 -9 -9
Preference & Minorities -81 -168 -148
Total Capital Employed 315 166 156
Ratios 2018 2017 2016
Debt Ratio 15.61 13.51 13.09
Debt-to-Equity 0.37 0.25 0.37
Net Gearing 24.49 24.42 24.01
Gross Gearing 33.58 38.10 29.09
Assets / Equity 1.51 1.62 1.41
Cash / Equity 13.70 22.10 7.16
EPS 28.00 -6.00 -9.00
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 45 10 -8
Cashflow before financing -26 -6 -14
Increase in Cash 3 25 4
Income (£m) 2018 2017 2016
Turnover 169 69 2
Cost of sales 82 77 25
Gross Profit 87 -8 -23
Operating Profit 79 -13 -29
Pre-Tax profit 78 -16 -31
Profit / Loss for the year 257 257 254

Eland Oil & Gas Company Background

Sector Exploration & Production
Activities Eland Oil & Gas plc is an AIM-listed independent oil and gas company focused on production and development in West Africa, particularly the highly prolific Niger Delta region of Nigeria. Through its joint venture company Elcrest, Eland's core asset is a 45% interest in OML 40 which is in the Northwest Niger Delta approximately 75 km northwest of Warri and has an area of 498 km2. In addition, the Company has a 40% interest in the Ubima Field, onshore Niger Delta, in the northern part of Rivers State. The OML 40 licence holds gross 2P reserves of 82.2 million barrels, gross 2C contingent resources of 50.7 million barrels and a best estimate of 252.1 million barrels of gross un-risked prospective resources. The Ubima field holds gross 2P reserves of 9.3 million barrels of oil and gross 2C resource estimates of 4.2 million barrels.
Latest Interim Date 11 Sep 2019
Latest Fiscal Year End Date 20 Mar 2019

Eland Oil & Gas Directors

Appointed Director Position
28 Sep 2009 George Walter Mitchell Maxwell Chief Executive Officer
01 Aug 2017 Ronald Yeats Bain Chief Financial Officer
31 Aug 2012 Russell Seth Harvey Non-Executive Chairman
02 Jan 2015 Henry Arthur John Turcan Non-Executive Director
31 Dec 2015 Gregory Alexis Stoupnitzky Non-Executive Director
01 Oct 2017 Brian John O`Cathain Non-Executive Director
11 Jul 2016 Henry Awebi Obi Non-Executive Director
22 Jun 2018 Nicholas Hugo Gay Non-Executive Director

Eland Oil & Gas Contact Details

Company Name Eland Oil & Gas
Company Address 17 Abercrombie Court, Prospect Road, Westhill, Aberdeen AB32 6FE.
Company Telephone +44 (0)1224 737300
Company Website http://www.elandoilandgas.com/

Eland Oil & Gas Advisors

Auditor Name Deloitte & Touche LLP
Auditor Address 2 New Street Square, London EC4A 3BZ.
Auditor Website http://www.deloitte.com/
Auditor Telephone +44 (0)20 7936 3000
Registrar Name Computershare Investor Service
Registrar Address The Pavillions, Bridgwater Road, Bristol BS99 1XZ.
Registrar Website http://www-uk.computershare.com/
Registrar Telephone 0870 702 0010
Broker Name Canaccord Genuity Limited
Broker Address 88 Wood Street, London EC2V 7QR.
Broker Website http://www.canaccordgenuity.com/
Broker Telephone +44 (0)20 7523 8000
Adviser Name Canaccord Genuity Limited
Adviser Address 88 Wood Street, London EC2V 7QR.
Adviser Website http://www.canaccordgenuity.com/
Adviser Telephone +44 (0)20 7523 8000
Solicitor Name Stephenson Harwood
Solicitor Address One St Paul's Churchyard, London EC4M 8SH.
Solicitor Website http://www.shlegal.com/
Solicitor Telephone + 44 (0)20 7329 4422
Stockbroker Name FirstEnergy Capital
Stockbroker Address 4th Floor, 85 London Wall, London EC2M 7AD .
Stockbroker Website http://www.firstenergy.com/
Stockbroker Telephone +44 (0)20 7448 0200