Seplat Energy Share Discussion Threads

[rolo7] 05/3/2018 10:18

Wow big move tipped somewhere? Any chance of fste 250 this or not liquid enough?

[rolo7] 03/3/2018 19:02

Sepl had a good week considering the markets and oil price falling

[smaf] 02/3/2018 09:48

rolo7 - yes I agree, the risk has certainly gone done and will even more once Escravos opens up in Q318.

[rolo7] 01/3/2018 14:44

smaf sepl looked high risk before those results yesterday I added more. sepl certainly derisking with export routes. Good point on hedging thanks.

[smaf] 28/2/2018 13:07

rolo7 - out of interest why do you see this company as such high risk? Because it's the oil sector? Because it is in Nigeria? Not sure why you think it's so risky compared to other oil E&P plays.

By the way - the company's hedging is in the form of a put so they just won't execute the put if hedging price is below spot.

In my opinion a very solid company, with good management and great cash flows - expect a divi soon!

[rolo7] 28/2/2018 08:10

Q4 profit after tax 46m$ call it 50*4= 200 pat this year cheap?!

[rolo7] 26/2/2018 09:37

Results on weds earlier this yeah. Lots interesting but high risk

[rolo7] 08/1/2018 12:30

anyone with thoughts on this company? Seems high risk and noticed their hedging is a low $prices

[happyholder123] 09/9/2017 11:30

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[keith95] 14/2/2017 11:32

hxxp://www.vanguardngr.com/2016/01/seplat-wins-case-over-omls-53-and-55/

[fxdealer3] 12/11/2016 14:31

Looks like afren the secound ..it end up at 0p ..............really dodgy outfit again


Beware

Fx

[coxsmn] 06/11/2016 18:09

Expectations are all high across upstream stakeholders in Nigeria for a better fourth quarter 2016 (Q4'16) at the backdrop of the removal of Force Majeure on Forcados Export Terminal (FET) and prospect of a fruitful meeting between Niger Delta leaders and the Presidency schedule to hold  barring any further emergency rescheduling.Read more at: http://www.vanguardngr.com/2016/11/fg-spdc-seplat-others-warm-recoveries-forcados-terminals/

[fxdealer3] 05/11/2016 09:20

read the interims notes to bslance sheet $330 m owed which has not been paid on dodgy jv with little known partners

$400m receivables which is not reduced for along time and probably never willanother dodgy jv

Lost of related party transactions involving huge sums of money


Sepl is not even covering interest only on growing debt pile of $700m


I will not state obvious this is doomed

Fx

[fxdealer3] 04/11/2016 12:10

This very dodgy company will be bust within 12 months another scam

Beware
Fx

[coxsmn] 30/6/2016 12:26

$80 billion 5yr China oil and gas investment deal agreed with Nigeria,http://allafrica.com/stories/201606300152.html

[thomasthetank1] 29/4/2016 12:34

Read FirstEnergy Capital's note on SEPLAT PETROLEUM, out this morning, by visiting hxxps://www.research-tree.com/company/NGSEPLAT0008
"Market Reaction: negative on low production (compared to what we carry), higher net debt than we anticipated, growing NPDC receivables from the US$320 mm reported in the last announcement and our expectations of a reduced FY16 Guidance given continued shut down at Forcados. ..."

[riggerbeautz] 22/4/2016 07:50

Struggling to find a Nigerian operation that is not affected by such shenanigans, in truth are they that much worse than AIM companies that rob the investor through continual funding-dilution?

Investing in Nigeria is an eyes wide open experience, expect many stakeholders to take a slice one way or another; helps mind if you're on the inside of such games ;)

[dukedosh] 21/4/2016 22:16

Any Nigeria investment play is untouchable for me. I learned the hard way. If this were anywhere else on the planet, it would be in multiples of where it is today. As you say, such a shame.

[dukedosh] 21/4/2016 19:13

If that wasn't bad enough.......

Nigeria: Oil output drops further as Agip declares force majeure on Brass River

21 April 2016, Lagos – The pangs of the several production halts may have continued to assail Nigeria’s economy, as the Nigerian Agip Oil Company (NAOC) has shut crude oil production from its Brass River facility.

This is coming on the heels of Angola taking over from Nigeria as the highest oil producing nation in Africa.

The Organisation of Petroleum Exporting Countries (OPEC) latest monthly report revealed that Nigeria’s oil production fell by 67,000 barrels per day (bpd) in March.

The low production levelbeing recorded by the country may not be unconnected with the production halts at Brass River coupled with the Shell Petroleum Development Company (SPDC’s) operated Forcados export terminal that was shut in February this year.

Forcados, which has the capacity to export about 400,000 barrels per day (bpd), was scheduled to export some 249,000 barrels bpd in February and March, but the constraints to repair works on the vandalised pipeline have dashed the hope of further export through the lines in the last few months.

However, there were indications that the repair works on the pipeline feeding Forcados crude oil to the export terminal may last till June.

Agip reportedly declared a force majeure on the Brass River grade of crude oil, after a fire was detected on the pipeline that lifts crude to the terminal.

About 142,000 bpd of Brass River was due to be exported in May according to a loading programme.

According to the OPEC report, Nigeria produced 1.677 million bpd in March, down from 1.744 million barrels in February, while Angola oil output rose from 1.767 million bpd to 1.782 million in the same period.
This is the second time in four months that Angola would overtake Nigeria’s crude oil production level.

OPEC has reviewed the estimates for 2016 world oil demand lower by 50,000 bpd, to a total of 1.20 million bpd of projected oil demand growth for the year.

The Guardian