ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SEPL Seplat Energy Plc

144.60
0.20 (0.14%)
Last Updated: 09:28:35
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.14% 144.60 144.40 144.60 144.60 144.60 144.60 27,740 09:28:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 696.87B 54.58B 92.7479 0.02 1.08B
Seplat Energy Plc is listed in the Oil & Gas Field Services sector of the London Stock Exchange with ticker SEPL. The last closing price for Seplat Energy was 144.40p. Over the last year, Seplat Energy shares have traded in a share price range of 95.20p to 155.00p.

Seplat Energy currently has 588,444,561 shares in issue. The market capitalisation of Seplat Energy is £1.08 billion. Seplat Energy has a price to earnings ratio (PE ratio) of 0.02.

Seplat Energy Share Discussion Threads

Showing 376 to 400 of 700 messages
Chat Pages: Latest  16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
07/3/2021
09:38
“ In acquiring Eland, Seplat has acquired the right to be repaid a shareholder loan. The loan was advanced to Elcrest by Westport, Eland's 100%-owned financing subsidiary for the development of OML 40. Following its acquisition of Eland, Seplat is entitled to 100% of Elcrest's production and net cash flows until the loan is repaid in full. At 31 December 2020, the outstanding balance of the shareholder loan was approximately $417 million”


Should help.

keith95
06/3/2021
17:49
Seplat's CEO talks FY earnings & 2021 growth strategy

hxxps://www.cnbcafrica.com/media/6237159948001/seplats-ceo-talks-fy-earnings-and-2021-growth-strategy/

krall
06/3/2021
09:16
To get a sense what we are developing with the Anoh project this presentation has a lot of info. A six well developent will deliver > 550 MMscfd (~90000 boe/d) from a field with 3,66 tcf gross reserves! That is huge productivity per well.

The Assa North / Ohaji South (ANOH) gas and
condensate field straddles OML 53 (Seplat 40% WI and
operator) and OML 21 (Shell JV)

ANOH is unitised 50:50 across the two blocks.

Six well development to deliver >550 MMscfd

seplatpetroleum.com/investors/2019-capital-markets-day-materials/

krall
06/3/2021
08:49
Many thanks Andy. It's easy for me to go back and read the financials, RNS etc, but until I get a good "feel" for a company I usually keep my investment small. That "feel" often comes from existing investors like yourself!
pastybap
05/3/2021
18:48
Sibiri - very interesting. How many undrilled 80 m barrel onshore light oil targets close to infrastructure with a 48% chance are there around?
krall
05/3/2021
17:04
Wonder when the markets going to get excited about The Sibiri well in H2. Low cost exploration well ($11M) with an estimated 48% chance of success targeting 80M barrels. Very low risk considering current share price and the cost of the well.
andyforster1
05/3/2021
16:50
Average joe might look to the debt as an issue but with the Westport loan ($414M) due to start being repaid in 2022 net debt is actually very conservative. I guess the market wants to see a cash pile, like in 2018/19 however with higher production, larger reserves, Anoh gas plant under construction (fully funded). This company has never been in a better position. This should be trading at 120 with a view to 160 by the end of the year. The market won't ignore cash generation on these levels
andyforster1
05/3/2021
16:45
Hedging policy is a one off put option to satisfy bank covenants, the company is on the verge of a huge de-risking milestone as The Amukpe-Escravos Pipeline is set to provide a third and more secure underground evacuation option for liquids production from OMLs 4, 38 and 41. Once completed, we believe it will significantly improve the assets' production uptime (83% in 2020) and reduce losses from crude theft and reconciliation (9.4% in 202
andyforster1
05/3/2021
12:03
A complete mystery to me why these are trading in the 80s with the current oil price.
spooky
05/3/2021
11:58
Many thanks for bringing this to my attention on Twitter, Andy. (I noticed your comment below Trader007). I've taken an initial small position here to add to my existing GKP, JSE and PANR O&G holdings. What is the risk profile like here? Obviously there's geographical, but what is the quality of the assets, hedging policies etc?
pastybap
01/3/2021
16:39
Ahah. Thanks Andy.
swanvesta
01/3/2021
16:01
Great question. In the small print you will find that more oil is required to satisfy the loan so more reserves will be allocated to Eland (from star crest). So in short, no money will be passed just increased reserves until loan is repaid.
andyforster1
01/3/2021
14:49
Yes, but does that cover the loan? Couple of things I don't get:

1. There's supposed to be a repayment holiday till end 2021, but if repayment is via OML 40 production and SEPL are already getting Elcrest's full share of it then how's that a holiday?

2. The extra production isn't enough to cover the repayment schedule anyway. Where's the rest coming from?

swanvesta
01/3/2021
14:28
Sepl keep production from iml 40 until loan is repaid
andyforster1
01/3/2021
12:48
Yes, 68k exit, and lower average guidance is allowing for maintenance downtime (both expected and unexpected.)

Any idea what level of resources Elcrest have to repay the Westport loan?

swanvesta
01/3/2021
11:19
Ok listened back. Exit rate guidance between 60-70k with an educated estimate of 68k booepd. This thing is ridiculously cheap and nobody cares. I guess people are discounting the Westport loan but that's where the fundamental analysis trumps the technical trader. Just keep buying as and when I can
andyforster1
01/3/2021
10:55
Did anybody listen to the conference call ?? Did my ears deceive me, The exit capacity in 2021 will be 65-70k booepd? Can anybody clarify this ?
andyforster1
01/3/2021
10:27
Cash generation was boosted by a huge $107m improvement in receivables. I would have thought that warranted more comment, as trade debt is endemic in Nigeria?

The hedging is presumably required by the lenders, but they have done it by buying puts (so no cap to the upside.) Hopefully not too expensive vs $8.3m paid last year.

Would be nice to see ANOH first gas milestone showing at least a bit of stickiness. It's been put off 6 months since update 4 months ago i.e. negative progress.

swanvesta
01/3/2021
08:27
I think it's prudent management. Until the new pipeline is in use a large cash position is a necessary safety net. The maintenance of a divi, reduction in debt, attitude to maximise oil assets in the short term and invest in gas long term. I really like what the management are doing here. It's the market that's not attributing value not the company
andyforster1
01/3/2021
08:21
Agree, this is an incredibly cheap stock,a cash generator, and a blue chip company in the context of Nigeria, although shame they undertook so many hedges at $30 and $35, didn't raise the dividend despite much improved Outlook, and seemed to have sunk $29.9m on an acquisition they didn't end up pursuing. I thought they would make a more strenuous effort to return capital to shareholders at this share price level, which is frankly at a ridiculously discounted level.
seatank8300
01/3/2021
07:44
Those cash flow numbers at $38 oil are outstanding. What's it going to be like at $60-$65 ? The market cannot ignore cash build and at $100M capex cash build likely to be in the $300M plus region for a company with a £470M market cap. Bonkers
andyforster1
01/3/2021
07:38
I’ve stopped using SB firms after CMC changed their WTI Texas oil cash product to track the December contract in May rather than the next expiry month .... cost me a quid ior two ..... these firms are sharks in my opinion.

Not to be touched with a barge pole.

keith95
27/2/2021
13:54
Looking forward to results now the negative media coverage has been put to bed. Looking for minimal capex in 2021 as the Anoh project is already fully funded. Maintain/increase current production from existing assets once opex cuts are eased. Focus on free cash flow whilst we await the marginal field round awards and budget a growth package for 2022.
andyforster1
24/2/2021
09:50
Looks interesting results out Monday a bit earlier than normal but oil price will transform seplat, target 100 for a start, so illiquid shame as would make a fste 250 candidate?!
rolo7
21/2/2021
17:26
It seems the case across many markets - the spread betting companies must be really concerned about how heavily long everything and especially small caps their retail customer base is. We could quite well see a market correction in the not so distant future and an avalanche of forced selling triggered by the margin crunch.
seatank8300
Chat Pages: Latest  16  15  14  13  12  11  10  9  8  7  6  5  Older

Your Recent History

Delayed Upgrade Clock