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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Seplat Energy Plc | LSE:SEPL | London | Ordinary Share | NGSEPLAT0008 | ORD NGN0.50 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.00 | -0.68% | 147.00 | 95,087 | 16:11:12 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 147.00 | 148.00 | 152.00 | 147.00 | 150.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Services,nec | NGN 696.87B | NGN 54.58B | NGN 92.7479 | 0.02 | 1.08B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:48 | O | 5,000 | 147.85 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/2/2024 | 13:56 | ALNC |  Seplat says profit down but revenue up; names Udoma as new chair |
| 29/2/2024 | 07:00 | UK RNS | Seplat Energy PLC Corporate Actions Announcement |
| 29/2/2024 | 07:00 | UK RNS | Seplat Energy PLC Appointment of New Non-Executive Chair & Director |
| 29/2/2024 | 07:00 | UK RNS | Seplat Energy PLC Full Year 2023 Financial Results |
| 22/2/2024 | 07:00 | UK RNS | Seplat Energy PLC Notice of Results |
| 03/1/2024 | 10:48 | ALNC | Seplat Energy finishes ANOH mechanical works; expects 2024 first gas |
| 03/1/2024 | 08:30 | RNSNON | Seplat Energy PLC ANOH Gas Plant Mechanical Completion |
| 10/11/2023 | 11:00 | UKREG | Seplat Energy PLC Exchange Rate for Q3 2023 Interim Dividend |
| 01/11/2023 | 07:00 | UKREG | Seplat Energy PLC Appointment of Independent Non-Executive Directors |
| 30/10/2023 | 10:38 | ALNC | Seplat increases revenue despite fall in average oil price |
Seplat Energy (SEPL) Share Charts1 Year Seplat Energy Chart |
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1 Month Seplat Energy Chart |
Intraday Seplat Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/2/2024 | 11:34 | SEPLAT | 573 |
| 29/1/2024 | 10:24 | Nigerian Oil Stocks with production | 106 |
| 18/8/2014 | 13:02 | BUY AND HOLD in SEPLAT | - |
| 09/5/2014 | 07:53 | SEPLAT | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:29:50 | 147.85 | 5,000 | 7,392.50 | O |
| 15:29:30 | 147.00 | 87 | 127.89 | O |
| 14:56:55 | 147.00 | 54 | 79.38 | AT |
| 14:49:44 | 148.00 | 7,344 | 10,869.12 | AT |
| 14:49:44 | 147.50 | 161 | 237.48 | AT |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Seplat Energy Daily Update Seplat Energy Plc is listed in the Oil & Gas Field Services,nec sector of the London Stock Exchange with ticker SEPL. The last closing price for Seplat Energy was 148p.Seplat Energy currently has 588,444,561 shares in issue. The market capitalisation of Seplat Energy is £1,082,737,992. Seplat Energy has a price to earnings ratio (PE ratio) of 0.02. This morning SEPL shares opened at 150p |
Posted at 29/1/2024 10:24 by whiskeyinthejar IMO share price is up on MPNU deal. Minister says all we wait for is board approvals:"But I can also tell you that the Seplat-Mobil transaction, which was truncated in the last administration has been 99 per cent resolved. I brought the parties together. We have had a series of meetings. We have agreed on the terms. “It’s just for the NNPC board to sit and approve the terms of the settlement and Seplat board sits and approves the terms of the settlement. It was a big disincentive to the IOCs to make further investments. And so, I brought them together, we have resolved, we have disagreed to agree. So, that matter is resolved." |
Posted at 25/1/2024 17:25 by neilyb675 from SeaTank8300 on LSE:"SEPL vs north sea E&P Today 14:05 I've been looking fairly closely at North Sea operators for a long time, as there are many flagwavers out there for these stocks. While I don't deny that there is value around, I don't see the risk-reward stacking up any better than SEPL. I'm often told by fans of North Sea oil that SEPL is interesting but the Nigeria risk is a problem for them. I find that interesting, as from where I'm sitting I see quite the opposite. My points would be: - North Sea oil suffers from ongoing political risk - the windfall taxes imposed on operators have been phenominal, and we are about to enter a Labour government who are vocal about their hate for the fossil fuel industry. I only see risk of further taxation ahead, removing a big part of the Free Cash Flow argument for these stocks. - The North sea and its producers have short lifespans - they have little by way of reserve life, and without incentives to grow reserves. The tax and political system is against them, the ESG lobby is hammering them, and investors are not interested either. These businesses are managing decline; by nature they are a shrinking business. They can only be valued by DCF; multiples don't work. Truth is, they are limited life businesses. - North Sea oil production is deep water and, most, being late life resevoirs, are complex in geology and extraction - these are real operational risks. We have have seen North Sea producers wiped out overnight because a resevoir has dissappointed catastrophically during the twilight of their life. Whereas.... Nigeria, and Seplat in particular, in my view, have a much more attractive risk profile: - The government of Nigeria is deeply incentivised to support growth in production, as oil represents the vast majority of fiscal revenue, and that won't change, not in our lifetimes. Tax incentives are designed to encourage reinvestment of cash generation into growing production; the tax system is therefore in support of industry growth and industry profit. The political risks are minmal. - The security issue around oil is one about corruption and state complicity in this - this unhappy balance may improve one day, but it will not destory the industry, as key players are reliant on the industry's survival to steal from it. Currently, efforts are underway to incentivise those militias that steal to instead protect. We will see. SEPL, for its part, has a track record in localising employment opportunities in the vicinity of its operations to bring communities and mafias onside. They have a track record of success, going back years and years. Moreover, their AEP (pipeline) is secure transit infrastructure underground, much reducing any risk of pipe damage and downtime. - SEPL's onshore assets have 25 years+ of life, multiples of North Sea, and without the complexity. MPNU's shallow water assets are shorter in reserve life but not complex either. These assets offer growth in production, not managed decline. A low valuation multiple is much closer" |
Posted at 01/1/2024 06:43 by briggs1209 SEPL is part of the 2024 stockopedia NAPS portfolio. |
Posted at 24/10/2023 12:25 by tom111 According to the Sepl web site results now on Monday 30th OCT Friday is always imo bad for RNSs |
Posted at 12/10/2023 10:26 by tom111 Plenty of sales yesterday followed by two 300,000 sales this morning has not dented the share price in fact its nice to see the share price up again.Results around 27th October should be pretty good due to oil price hikes so plenty to look forward soon.May even get an update on the on going deal,lets hope so.GLA |
Posted at 11/10/2023 17:58 by tom111 Yes it should be a good result but the fly on the ointment will they still have to share the spoils with NNPC that hasnt been resolved yet as far as i know |
Posted at 11/10/2023 17:14 by tyler19 Yes, that’s true. In the RNS Seplat didn’t give details of the renegotiated contract but I suspect it would still be very favourable to Seplat. The actual price that will get paid will be significantly lower than what was agreed originally. The price is only a part of the equation, the additional reserves and production are much more important as well as the quality and the offshore location of these assets. |
Posted at 12/5/2022 16:56 by seatank8300 Rogerramjett, the dividend is paid 4x per year, currently at a level of US$0.025 (2.5 cents) quarterly, of which 10% is lost to withholding tax, so the net amount is 2.25 cents quarterly, or 9 cents aggregated over 12 months. That today equates to 7.38p annually, but fluctuates with the USDGBP FX. Today's share price is 122p, which means the share has a dividend yield of 6.05%.More pertinently, the dividend costs the company around US$59m annually in cash out, which compares to Free Cash Flow of circa $180m under the strictest definition of FCF. So the company could pay out 3x if they wanted to, at current oil prices. Post Exxon deal, FCF should triple or quadruple. It will take the company 1 or 2 years to pay down debt from the acquisition, thereafter the company will generating >$600m of FCF annually in my view, which amounts to >70% of the market cap, at current oil prices. Note that there are other cash generative catalysts besides, such as the new pipeline about to be commissioned, and the ANOH gas to liquids facility next year. A 70% annual yield would certainly be nice, but I don't think it'll happen, even if the oil price stays >$100; far more likely that SEPL will make further acquisitions (e.g. Shell Nigeria) or invest in new gas assets or solar assets, but the dividend will rise. I expect it will at least double when ANOH is commissioned, in 12 months time (i.e. circa $60m additional EBITDA will paid out to shareholders). Still, the company will be generating too much cash to put to work, so I would expect the dividend to triple at least, ultimately. That would be 18% yield at today's share price, twelves months from now. This is just my expectation, based on my own speculative judgements, but I fully believe in them. |
Posted at 25/2/2022 07:45 by krall Huge for Seplat -25 February 2022 PROPOSED CASH ACQUISITION of Mobil Producing Nigeria Unlimited ("MPNU") by Seplat Energy Plc ("Seplat Energy" or the "Company") Lagos and London, 25 February 2022: Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited ("MPNU") from Exxon Mobil Corporation, Delaware ("ExxonMobil") (the "Transaction"). Completion of the Transaction is subject to Ministerial Consent and other required regulatory approvals. Transaction summary · Seplat Energy Offshore Limited, a wholly owned Nigerian subsidiary of Seplat Energy Plc, has entered into a Sale and Purchase Agreement to acquire the entire share capital of MPNU for a purchase price of $1,283 million plus up to $300 million contingent consideration, subject to lockbox, working capital and other adjustments at closing relative to the effective date · The Transaction encompasses the acquisition of the entire offshore shallow water business of ExxonMobil in Nigeria, which is an established, high-quality operation with a highly skilled local operating team and a track record of safe operations, producing 95 kboepd (W.I.) in 2020 (92% liquids) Transformational impact · The Transaction will create one of the largest independent energy companies on both the Nigerian and London Stock Exchanges, and bolster Seplat Energy's ability to drive increased growth, profitability and overall stakeholder prosperity · Based on 2020 pro forma working interest volumes for Seplat Energy and MPNU, the transaction delivers: o 186% increase in production from 51 kboepd to 146 kboepd o 170% increase in 2P liquids reserves, from 241 MMbbl to 650 MMbbl o 14% increase in 2P gas reserves from 1,501 Bscf to 1,712 Bscf, plus significant undeveloped gas potential of 2,910 Bscf (JV: 7,275 Bscf) o 89% increase in total 2P reserves from 499 MMboe to 945 MMboe[1] o Includes offshore fields with dedicated, MPNU-operated export routes offering enhanced security and reliability Supporting Nigeria's energy transition and objectives of the Petroleum Industry Act · This is the first transaction to be announced since the Nigerian Government's recently ratified Petroleum Industry Act ("PIA"), and supports its key objectives · Seplat Energy is fully committed to working with the Nigerian Government to bring these strategically important national assets fully into Nigerian ownership alongside NNPC · Development of MPNU's gas resources will support the Federal Government's objective to achieve a pragmatic, progressive and just energy transition for Nigeria Details of the Transaction · Seplat Energy will acquire the entire share capital of MPNU from Exxon Mobil Corporation, Delaware (USA Incorporated), with an effective date of 1 January 2021 for a consideration of $1,283 million, subject to lockbox, working capital and other adjustments at closing relative to the effective date · The Transaction agreement also includes potential additional contingent consideration of up to $300 million in total, payable over the period 1 January 2022 to 31 December 2026, and contingent upon average Brent crude oil prices exceeding $70 per barrel and subject to MPNU's average working interest production exceeding 60 kboepd (JV: 150 kboepd) in such calendar year · The consideration implies an attractive EV / 2P metric of $2.9/boe, with significant gas upside potential A strong operating portfolio The MPNU portfolio primarily consists of: · A 40% operating ownership of four oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure (NNPC is the 60% partner) · The Qua Iboe Terminal, one of Nigeria's largest export facilities · 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso · It does not include ExxonMobil's deep-water assets in Nigeria · MPNU will operate as a standalone subsidiary of Seplat Energy and upon closing and following receipt of requisite regulatory approvals, Seplat Energy will align MPNU with its overall strategic goals and ESG objectives |
Posted at 18/10/2021 13:35 by deandavison245 OPINIONHEALTH Home NEWS COVER STORIES Investors Besiege Oil Companies’ Shares Over Rising Crude Prices Olushola Bello by Olushola Bello 7 hours ago in COVER STORIES, Featured, NEWS With the upward trend in global oil prices, investors are building positive sentiments around oil, thereby ensuring that the oil and gas sector on the Nigerian Exchange (NGX) Limited grew by N145.734 billion in the first nine months of the year. The gain was triggered by the gains in the share prices of Seplat Energy, Eterna and Oando Plc. Market observers said the current global oil trend suggests that the increase in the average Brent prices would translate to an increase in revenue for oil companies which should also reflect in the earnings per share. Also, the Oil & Gas Index recorded the highest positive movement to reflect a growth of 62.37 per cent for the year-to-date (YTD) as of September 30, 2021. NGX Premium index followed with a gain of 117.27 per cent, while NGX Pension index rose by 11.79 per cent. The NGX Oil & Gas Index comprises nine listed Oil and Gas Marketing companies: Ardova Plc, Conoil Plc, Eterna, Japaul Gold and Ventures, MRS Oil Nigeria, Oando, Seplat Energy, Total Nigeria and Capital Oil. Capital market analysts said the growth in the NGX Oil & Gas Index was spurred by gains in the share prices of Seplat Energy, Eterna and Oando. According to them, Seplat Energy, being one of the major players in the Nigerian upstream sector, the company’s share price has seen an impressive gain of 76.49 per cent from N402.3 in January to N710.00 as of September 30, 2021 |
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