& gas plc type public aim ela industry oil and gas founded 2009 key people ian les blair ceo george walter mitchell maxwell cfo harry wilson chairman website www.elandoilandgas.com eland oil & gas plc is a nigeria focused upstream oil and natural gas exploration and production company listed on the aim in london 1 2 with operational offices in abuja nigeria and aberdeen scotland . contents 1 history 2 operations 2.1 oml 40 3 references 4 external links history edit the company was founded in 2009 with the vision and strategy to become a high growth nigeria focused independent exploration and production company . 3 concurrent with the initial public offering in september 2012 eland purchased a 45 % interest in oml 40 with its partner starcrest energy nigeria limited from the shell group . 4 5 operations edit the focus in 2012 2013 was 1 to restart shut in production on oml 40 through existing production facilities 2 to commission a new cpr competent persons report and 3 to commence drilling of new development wells through a long term drilling programme . 6 7 oml 40 edit oml 40 has production history booked developed and undeveloped reserves infrastructure for production and oil export for 30 000 bopd comprising a flowstation and an export pipeline . 8 there is low risk appraisal upside and substantial exploration potential . the licence area covers 498 km2 with gross lease 2p reserves of 71.5 mmbbls 9 gross lease 3p reserves of 117 mmbbls and gross lease 2c contingent resources of 15.5 mmbbls as estimated by mcdaniel . 10 in addition spdc carried an exploration portfolio of 15 prospects and leads within oml 40 with total unrisked mean crude oil prospective resources of 356 mmbbls which have not been audited by mcdaniel . from 1975 until 2006 the opuama field in oml 40 produced approximately 43 mmbbls . in 2006 spdc undertook a controlled shutdown of certain of spdc s assets in the niger delta including oml 40 as they were unable to continue to operate these assets due to security problems . 11 eland considers the security issues that prevented spdc from producing from the oml 40 lease area in march 2006 to be regional not specific to the licence area and substantially mitigated by the federal government amnesty programme in 2009 which offered unemployed youths from the niger delta the opportunity to train for employment in the oil and gas industry by way of government sponsored schemes . eland intends to re commission existing infrastructure and restart existing wells to re commence production at an initial gross rate of 2 500 bopd with a target to grow gross production to 50 000 bopd within four years . 12 13 nigerian crude is a high quality light oil grade referred to as sweet which trades at a premium to brent because of its high gasoline content and relatively low processing costs . references edit eland listing is scotland s first float on aim this year . scotsman . september 3 2012 . retrieved october 1 2012 . eland oil is largest aim flotation in more than three years . sharecast . september 3 2012 . retrieved september 22 2012 . about eland oil and gas . eland oil and gas plc. retrieved september 22 2012 . shell sells nigerian assets . sharecast . september 3 2012 . retrieved october 1 2012 . eland oil to list after buying nigeria block . reuters . september 1 2012 . retrieved september 22 2012 . eland oil & gas makes solid aim debut as it seals nigeria acquisition . proactive investors . september 2 2012 . retrieved september 22 2012 . aim newcomer eland oil & gas opens trading at lse as it targets rapid production ramp in nigeria . oilbarrel.com . september 17 2012 . retrieved september 22 2012 . finally nnpc npdc elcrest seal deal on oml 40 . this day live . september 3 2012 . retrieved october 1 2012 . eland oil & gas . advfn stockwiki . september 7 2012 . retrieved october 10 2012 . sh advises eland oil and gas plc on us 154 million acquisition . stephenson harwood . september 10 2012 . retrieved september 22 2012 . eland offers nigerian opportunity . investors chronicle . september 3 2012 . retrieved october 1 2012 . eland oil & gas targets 50 000bpd in 4 years from nigerian asset . proactive investors . september 18 2012 . retrieved october 1 2012 . nigeria eland oil & gas announces placing to raise 118 million completes acquisition of oml 40 nigeria . energy pedia news . september 2 2012 . retrieved september 22 2012 . external links edit eland oil & gas official website v t e energy in the united kingdom companies coal anglo american asia energy bhp billiton enrc glencore rio tinto uk coal oil and gas integrated bg group bp royal dutch shell exploration and production afren bhp billiton cairn energy centrica dana petroleum desire petroleum emerald energy enquest essar energy falkland oil and gas hardy oil and gas jkx oil & gas melrose resources ophir energy perenco premier oil regal petroleum rockhopper exploration soco international star energy tullow oil supply greenergy murco petroleum support abbot group amec ensco expro hunting petrofac qserv score group weir group westerngeco1 wood group utilities generation and supply integrated centrica edf energy1 e.on uk1 rwe npower1 scottish power1 sse generation drax group falck renewables horizon nuclear power1 international power vattenfall united kingdom1 vedanta resources supply the co operative energy ecotricity esb international extra energy firmus energy first utility good energy green energy loco2 energy opus energy ovo energy phoenix natural gas telecom plus distribution electricity electricity north west1 northern powergrid1 sp energy networks1 sse power distribution uk power networks1 western power distribution1 gas firmus energy national grid northern gas networks phoenix natural gas sgn wales & west utilities1 transmission electricity national grid2 scottish hydro electric transmission sp energy networks1 gas national grid other aggreko apx group aquamarine power ecogen enserve geothermal engineering hi gen power mark group wavegen companies with headquarters and or registered office in the uk but no applicable energy operations within the country shown in italics 1ultimate parent company is not uk based 2integrated in the united states no generation or supply activities in the uk energy sources coal coal authority coal fired power stations coal mines coal mining regions confederation of uk coal producers greenhouse gas emissions history miners strike national coal board open pit coal mining electricity association of electricity producers britned east west interconnector energy switching services economy 7 economy 10 electricity billing green electricity grid trade master agreement hvdc cross channel hvdc moyle hvdc norway uk isle of man to england interconnector national grid control reserve service new electricity trading arrangements power stations timeline of the electricity supply industry nuclear advanced gas cooled reactor franco british nuclear forum magnox national nuclear laboratory nuclear decommissioning authority nuclear liabilities fund nuclear power stations office for nuclear regulation sellafield united kingdom atomic energy authority oil and gas bbl pipeline dash for gas forties pipeline system fuel protests gas infrastructure greenhouse gas emissions hydrocarbon oil duty oil and gas authority national transmission system natural gas fields natural gas fired power stations north sea oil oil & gas uk oil fields oil fired power stations oil infrastructure oil refineries petroleum revenue tax renewables biofuels biodiesel biofuel power stations national non food crops centre renewable fuels agency renewable transport fuel obligation geothermal geothermal power stations hydroelectricity hydroelectric power stations severn barrage wave farms solar power wind power list of offshore wind farms list of onshore wind farms north sea offshore grid wind power in scotland government and regulation organisations carbon trust cenex committee on climate change department of energy and climate change department for environment food and rural affairs energy saving trust environment agency office of gas and electricity markets legislation and initiatives carbon emission reduction target climate change act 2008 climate change agreement climate change levy climate change and sustainable energy act 2006 crc energy efficiency scheme display energy certificate energy act 2013 energy performance certificate fossil fuel levy low carbon building programme national industrial symbiosis programme non fossil fuel obligation planning act 2008 renewable heat incentive renewables obligation united kingdom climate change programme non governmental organisations charities and pressure groups ashden award bioregional campaign against climate change centre for alternative technology national energy action stop climate chaos tyndall centre industry bodies combined heat and power association energy institute energy networks association energy retail association green power forum renewableuk utilities intermediaries association research centre for renewable energy systems technology energy technologies institute hadley centre for climate prediction and research narec oil depletion analysis centre uk energy research centre energy conservation association for the conservation of energy british energy efficiency federation close the door campaign code for sustainable homes double glazing & conservatory ombudsman scheme ecohomes energy efficiency in british housing energy saving trust energy saving trust recommended greenhouse gas emissions htb national home energy rating category commons v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon group perpetual income & growth investment trust personal assets trust petrofac pets at home phoenix group holdings playtech polar capital technology trust polypipe premier farnell pz cussons qinetiq rank group rathbone brothers redefine international redrow regus group renewables infrastructure group renishaw rentokil initial restaurant group rightmove rit capital partners riverstone energy rotork rpc group safestore saga savills scottish investment trust scottish mortgage investment trust segro senior serco shaftesbury shawbrook bank sig plc smith ds smurfit kappa group softcat sophos spectris spirax sarco engineering spire healthcare sports direct ssp group stagecoach group st. modwen properties supergroup svg capital synthomer talktalk group tate & lyle ted baker telecom plus temple bar investment trust templeton emerging markets investment trust thomas cook group tritax