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Production of oil & gas in West Africa

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Our assets

A distinct advantage

There is significant development and exploration potential on our two licences, OML 40 and OML 17 (Ubima)

OML 40

OML 40 is Eland's core asset. In July 2018 it achieved record production of 25,000 barrels of oil per day

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Ubima

Eland has commenced the appraisal of Ubima field. Ubima-1 represents Eland's diversification of production outside OML 40

Explore
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Ubima Appraisal

Ubima-1 represents Eland’s diversification towards production outside OML 40

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Learn more about Eland

George Maxwell, CEO and Founder, gives an overview of the Company, and discusses our plans going into 2019

Media Library
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Key Performance Indicators

Our 2017 KPIs focussed on the fundamentals of operational success and our team delivered impressive results

Performance
Our experience

A strong track record

Eland has an experienced management team with over 100 years of in-country experience. Our operational senior management is based in Nigeria with strong relationships and local knowledge

About Us
Our production

Maximising capacity

Production achieved 25,500 barrels of oil per day in July

Investors
8,743 (bopd) Average 2017 gross
production (OML 40)
>18.5K (bopd) Exit 2017
gross production
83.4 (mmbbls) Gross OML
40 reserves (2P)
124% 2P Reserves Replacement
$68.9m 2017
revenues
$36.7m cash
end 2017
$10bbl opex via Forcados only
excluding royalties
65days Opuama-7 Payback
Highlights

We continue into 2018 confident in the next phase of our growth.

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Our business

We're focused on building and developing a portfolio of oil & gas assets.

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Investment case

Since flotation in late 2012, Eland has seen considerable growth.

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Our responsibility

Working closely
with local communities

We ensure that local communities benefit and participate in our strategy for growth

Health & Safety

We ensure all our operations are to the highest standards when it comes to H&S

Environment

We do whatever we can to minimise our impact on our local environment

Communities

Working closely with local communities is key to our success and growth

Responsibility
Assets
Experience
Production
Responsibility