Seplat Petroleum’s revenue fell to $130 million in the first quarter, down 18%, with the company blaming an under lift of oil and lower prices.
Eland Oil & Gas
Aberdeen-based Eland Oil & Gas this morning confirmed plans to raise between $14.5million and $19.5million through a proposed placing of new voting ordinary shares of 10 pence each in the company.
Eland Oil & Gas is on firm financial footing, according to its latest company report.
Eland Oil & Gas posted record production in the Niger Delta, according to its latest financial results.