WHO WE ARE Eland is a listed independent oil and gas company focused on production and development in West Africa particularly the highly prolific Niger Delta region of Nigeria. OML 40 in Nigeria is Elands core asset (in partnership…
WHY INVEST IN ELAND Producing company with significant growth potential OML 40 - greenfield core asset Significant, only partly developed, reserve base with outstanding upside of 41.2 mmbbl gross 2C resources and 254.5 mmbbl gross…
ELAND SHARE PRICE DISCOUNTED NAV OPPORTUNITY 140.0 Performance versus market (rebased to Eland share price at 1 Jan Shares in Issue: 145,263,214 120.0 Share Price (17 March 2015) 46p 100.0 Market Cap (17 March 2015) 67…
DECEMBER 2014 MARCH 2015 PRESSURE CHART 100 110 90 100 Eland Share Price (pence) 80 1 2 3 4 A B C D E 5 F 90 Market Cap. (millions) 70 80 60 70 50 60 40 50 30 40 01/12/2014 01/01/2015 01/02/2015 01/03/2015 Market…
WHY INVEST IN ELAND 2010 Seed funding raised of 4.5 million and operational activities commence 2011 Preferred bidder for OML 40 in Shell divestiture auction 2012 Completion of acquisition of an interest in the OML 40 license…
NIGERIA AT A GLANCE Reserves and Resources: Operating Environment: Africas largest oil producer. Nigeria is geologically low risk Daily production exceeds 2.3 with exceptional opportunities mmbbls per day* in exploration and…
OML 40 2011 MAP Shells original interpretation of OML 40 had 2P 180 mmbbls. Polobo was deemed to be a dry hole. Hydrocarbons were however discovered just in a different structure to what was expected. Since acquisition the Company…
OML 40 A PORTFOLIO IN A LICENCE Licence area 498km2, located in the Niger Delta, approximately 75km north-west of Warri Gross 2P oil reserves of 81.4 mmbbl (net 25.3 mmbbl) are found in the Opuama and Gbetiokun fields Primary…
OML 40 INFRASTRUCTURE AND EXPORT PIPELINE Export and transport of crude Crude oil is pumped from the Opuama Flow Station via a 36km pipeline to Otumara Injection point to the Trans Escravos pipeline is at Otumara (custody transfer…
OML 40 RESERVES Oil Reserves (MMB) Net Oil Reserves (mmbbl) Net Entitlement Gross (Eland) 30.9 Before After Before Category % Royalties Royalties Royalties 25.3 Proved (1P) 38.7 31.0 16.4 42.5% 16.4 Proved + Probable 81.4…
CONTINGENT AND PROSPECTIVE UPSIDE A Portfolio in a Licence Contingent Resources (mmbbl) OML 40 has a large upside; containing both significant contingent and prospective resources 114.7 The majority of OML 40s contingent resources…
OML 40 OPUAMA SURFACE LAYOUT Planned development wells will be drilled from a Wells 1 and 3 normalised gross production totaling over central location near the flow station 3,100 bopd Initial operations for the re-entry of wells 5…
OML 40 OPUAMA RE-DEVELOPMENT Opuama 1 is still producing over 1,700 bopd after 30 years without showing any significant decline New wells on Opuama are expected to deliver high flow rates and high oil recovery through accurate…
UBIMA ASSET OVERVIEW OPERATING CONTROL The license area is 64km2, located onshore in the northern part of Rivers State and has been carved out of OML 17, operated by the Shell Petroleum Development Company 2C resource estimates…
WORK PROGRAMME 2015 2016 Q2 Q3 Q4 Q1 Q2 Q3 OML 40 Opuama-5 Opuama Development Drilling Programme West Workover OML 40 OML 40 Gbetiokun East Development Sectional OML 40 Replacement on Replacement Infrastructure Export…
HOW WE FUND OUR ASSETS 2014/2015 Key Funding Points Cash as at 1 March 2015 of 8.2 million, with planned receipts of 2.4 million for settlement of cargoes due in March. No debt has been drawn. Debt funding 75 million Reserved Base…
NEAR TERM VALUE DRIVERS 75m RESERVE BASED 75m Reserve Based Lending facility with Standard Chartered Bank provides LENDING FACILITY funding required for the planned drilling programme on OML 40 CLOSING THE DISCOUNT OPUAMA-5 WELL…
WITH THANKS Aberdeen Nigeria London Seabrokers House 10 Osun Close 2nd Floor Prospect Road Off Osun Crescent 43-44 New Bond Street Westhill Maitama London Scotland AB32 6FE Abuja UK W1S 2SA Tel: +44 1224 737300 Tel: +234 9 623 3008…
Loading...
