Eland Oil & Gas PLC Result of Annual General Meeting (1919O)
May 15 2018 - 11:33AM
UK Regulatory
TIDMELA
RNS Number : 1919O
Eland Oil & Gas PLC
15 May 2018
15 May 2018
Eland Oil & Gas PLC
("Eland" or the "Company")
Result of Annual General Meeting
Eland Oil & Gas PLC (AIM: ELA), an oil & gas production
and development company operating in West Africa with an initial
focus on Nigeria, is pleased to announce that all resolutions put
to shareholders at the Company's Annual General Meeting today were
duly passed.
Set out below are the voting proxies in respect of the
resolutions received by the Company at the close of register at
midday on Friday 11 May 2018. The number of voting ordinary shares
in issue at that date was 220,164,155.
Resolution For % Against % Total Votes Withheld
Cast (excl.
Votes Withheld)
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
1
COMPANY ACCOUNTS 63,354,755 99.99 0 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
2
RE-ELECT
HENRY TURCAN 58,471,367 92.28 4,883,388 7.71 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
3
ELECT BRIAN
O'CATHAIN 63,354,755 99.99 0 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
4
ELECT RONALD
BAIN 63,354,555 99.99 200 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
5
APPOINT AUDITOR 63,354,755 99.99 0 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
6
AUDITORS
REMUNERATION 63,354,755 99.99 0 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
7
DIRECTORS
TO ALLOT
SHARES 63,351,413 99.98 3,342 0.01 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
8
ALLOT EQUITY
SECURITIES 57,223,525 90.31 6,131,230 9.68 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
Resolution
9
MARKET PURCHASES 63,354,755 99.99 0 0.00 63,361,355 1,000
------------------- ----------- ------ ---------- ----- ----------------- ---------
For further information:
Eland Oil & Gas PLC (+44 (0)1224 737300)
www.elandoilandgas.com
George Maxwell, CEO
Ron Bain, CFO
Finlay Thomson, IR
Canaccord Genuity Limited (+44 (0)20 7 523 8000)
Henry Fitzgerald O'Connor / James Asensio
Panmure Gordon (UK) Limited (+44 (0)20 7 886 2500)
Adam James / Atholl Tweedie
James Stearns
Camarco (+44 (0) 203 757 4980)
Billy Clegg / Georgia Edmonds / Tom Huddart
Notes to editors:
Eland Oil & Gas 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
OML 40 which is in the Northwest Niger Delta approximately 75km
northwest of Warri and has an area of 498km(2). 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 83.4 mmbbls, gross
2C contingent resources of 40.4 mmbbls and a best estimate of 254.5
mmbbls of gross unrisked prospective resources.* The Ubima field
holds gross 2P reserves of 2.4 mmbbls of oil and gross 2C resource
estimates of 31.1 mmbbl.**
Net production figures relate to Elcrest Exploration and
Production Nigeria Ltd ("Elcrest"), Eland's joint venture company.
Production rates, when oil is exported via Forcados, are as
measured at the Opuama PD meter, are subject to reconciliation and
will differ from sales volumes.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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