• Text size      
  • Send this article to a friend
  • Print this article

Eland Oil & Gas gets tax break

ABERDEEN-based Eland Oil & Gas has said it should be able to generate more cash from its flagship Nigerian project after the authorities in the country granted a tax break on production revenues.

Aim-listed Eland Oil & Gas said the Elcrest joint venture company it has a stake in has received approval of a five year tax exemption on the OML 40 licence. Les Blair, chief executive of Eland Oil & Gas, said the incentive provides the opportunity to accelerate the planned development of OML 40.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

244306