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Panmure published a note this morning... Eland reported a net loss for FY15 of US$6.8m, less than half that of FY14, on higher revenue and lower costs. After deducting non-controlling interests, the company generated earnings per share of US$0.13 (FY14 US$0.07), well ahead of our US$0.08 estimate. Following the successful US$18.5m equity raise, Eland could exit this year with net production of around 10kbd, on completion of the Gbetiokun and Ubima Early Production Systems (EPS). The FY16 revenue outturn remains subject to restart of the Forcados export system. It's available on Research Tree
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