ELAND OIL & GAS LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -1%

  £4,474,097 → £4,430,739

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +153.3%

  £3,459,670 → £8,763,549

• Profit before tax

  +1,598.3%

  £4,073,410 → £69,178,441

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ELAND OIL & GAS LIMITED 2019-12-20 → present
2. ELAND OIL & GAS PLC 2012-02-28 → 2019-12-20
3. ELAND OIL & GAS LIMITED 2009-09-28 → 2012-02-28
4. MOUNTWEST 852 LIMITED 2009-08-28 → 2009-09-28

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As part of the Company's Going Concern assessment, the Directors of the Company have received a letter of support in the form of a formal written confirmation from the Group Parent Company that it intends to provide any financial support necessary to enable the Company to operate as a going concern and to meet its financial obligations for at least 12 months after these financial statements are approved.”

Group structure

1. ELAND OIL & GAS LIMITED · parent
   1. Eland Oil & Gas (Nigeria) Limited 100% · Nigeria · Oil and Gas Exploration and Production
   2. Elcrest Exploration and Production Nigeria Limited 45% · Nigeria · Oil and Gas Exploration and Production
   3. Westport Oil Limited 100% · Jersey · Financing
   4. Tarland Oil Holdings Limited 100% · Jersey · Holding Company
   5. Brineland Petroleum Limited 49% · Nigeria · Dormant

Significant events

• “The market outlook had improved during 2024, predominantly due to an increase in oil and gas prices. An increased focus on energy security is anticipated to drive investments across energy sources, including traditional oil and gas markets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.