Seplat Energy Share Discussion Threads

[deandavison245] 27/10/2021 09:23

Fiscal Regime Operator Volume (Bbls) USD Value NGN Equiv.

AITEO 489,500.00 34,891,070.50 13,407,591,661.04
BELEMA 56,500.00 4,040,475.50 1,552,633,520.39
CNL 1,898,175.00 135,718,016.61 52,152,362,242.72
MPN 947,548.00 66,618,309.69 25,599,417,863.81

SEPLAT 260,000.00 18,598,600.00 7,146,884,022.00

SPDC 273,542.00 19,521,578.88 7,501,557,116.99
TEPNG 1,098,000.00 79,294,321.00 30,470,428,730.67
TOTAL 272,500.00 19,523,535.00 7,502,308,794.45
HEIRS 393,000.00 28,145,868.00 10,815,612,696.36
5,688,765.00 406,351,775.18 156,148,796,64

[deandavison245] 27/10/2021 09:21

o
09/08/2021. Receipts into Forcados were
curtailed to manage tank top. However,
on 11/08/2021 after leak testing and
further investigation. Force Majeure was
declared on 13/08/2021. The current
estimated date for the resumption of
08-31/08/2021 1,575,000 Curtailed production
within the period

2 Enageed shut down due to tank top. 30/08/2021 79,500 Curtailed production
within the period

3 Batan shut down to due failed surge
vessel transmitter
24/07/2021 to 12/08/2021 28,000 Curtailed production
within the period

4
Eroton CAWC/3 station was shut down
due to leak in May'21 (6,600bopd) .
01-31/07/2021 to
31/08/2021 204,600 Curtailed production
within the period

5
Production curtailed due to pipeline
outages
01-31/07/2021 to
31/08/2021 620,000 Curtailed production
within the period

6 Waltersmith shut in some wells due to
low pressure. 05-08/07/2021 8,000 Curtailed production
within the period

SEA EAGLE 7
The FPSO experienced several trips on
leading to reduced production. However,
some wells were shut-in to control flare
08-31/08/2021 120,000 120,000 Curtailed production
within the period

9
Production curtailed due to flare
management and gas lift challenge
25-31/07/2021 to
15/08/2021 245,000 Curtailed production
within the period

10
Energia injection into Brass line
suspended due pipeline damage
01-31/07/2021 to
31/08/2021 168,000 Curtailed production
within the period

11
Pillar injection into Brass suspended due
to third party interferences on NAOC
Akiri pipeline
01-31/07/2021 to
31/08/2021 56,520 Curtailed production
within the period

12
Some NAOC (Oshie) wells shut in for
flowline repairs, Xmas tree repairs,
community interference and Pipeline
outages
01-31/07/2021 to
31/08/2021 510,000 Curt


13
Seplat (Jisike) also suspended production
due to suspected sabotage on IzombeEbocha line.
21-29/07/2021 to
15/08/2021 32,000 Curtailed production
within the period


YOHO 14
Production curtailed at Yoho due to low
well head pressure, water handling issues
and flare control
01-31/07/2021 to

31/08/2021 620,000 620,000 Curtailed production
within the period
QUA IBOE 30
About 50kbd of production curtailed due
to challenges with well head pressure,
high export line pressure, low
performanance of gas lift wells, valves
integrity issues, leaks, low gas lift gas and
stuck pig.
01-31/08/2021 1,550,000 1,550,000 Curtailed production
within the period

ESCRAVOS 15
Abiteye, Makaraba, Utonana,
Olero/Opuekeba platform and some wells
at Dibi shut-in to investigate sheen
sighted on Nana creek.
12-31/08/2021 600,000 600,000 Curtailed production
within the period
16 Production shut in due to challenges with
water injection pump 30/07/2021 to 27/08/2021 180,000 Curtailed production
within the period

17
Shutdown production 25/07/2021 to 31/08/2021 15,000
Curtailed production
within the period

19
Production curtailed 26-31/07/2021 to 31/08/2021 12,000
Curtailed production
within the period

OTAKIKPO 20 Allgrace energy and Greenergy shut
down due to tank top. 12 - 31/08/2021 57,000
57,000 Curtailed production
within the period
TOTAL LOSS (IN BBLS) 6,680,620 5,423,020
T

[keith95] 22/10/2021 16:44

Someone is very keen to keep the price down here.

[seatank8300] 19/10/2021 13:43

I believe the gas cash flows go towards funding capex, so are not remitted, but agree the $ BOEPD of gas is significantly lower, that said I should think still profitable from a margin point of view, just a lot less than oil in contribution terms.

[deandavison245] 19/10/2021 13:15

The difference in pricing BOEPD, BOPD.

Using SEPL 3 months figures they produced

28,451 BOPD/OIL earning 124.1m u$d so 43.5 u$d a barrel.
the figure may be higher than above as it may depend on when
the oil was sold but matters little for the comparison.

19,968 BOEPD/GAS earning 28.4m u$d 14.4 u$d a barrel

the remittance for gas is local currency and it has been
stated that by the time the remittance for gas has been
converted to dollars there is very little profit in
gas production.

[seatank8300] 19/10/2021 11:14

Quick and dirty update as to why Seplat Energy is a no-brainer today. Consensus forecasts for Seplat's 2022 earnings have the oil price at $58 with net income at $171m; at the current oil price level, assuming only their production of 33kboepd of oil benefits from higher realised pricing (i.e. gas doesn’t, I need to check that), and assuming a marginal tax rate of 50%, then approximately $80m additional income should fall to the bottom line next year. That would take earnings to $250m in 2022, which makes for a PE of 3.1x. Not only it’s cheap, but Seplat’s pivot to Sustainability causes (ending flaring, driving the energy efficiency transition to gas in Nigeria, as well as LPG and renewable energy projects), will pull in institutional investors in my view. The stock deserves double that earnings multiple in my view – 100% upside.

[deandavison245] 18/10/2021 13:35

OPINION
HEALTH
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

[deandavison245] 18/10/2021 13:31

good luck !!

[seatank8300] 15/10/2021 18:48

I really do believe there's a solid chance of a 40% pop in this share during the next two months - it's not only a dirt cheap stock with a long list of catalysts; most oil companies have ramped since the oil price convincingly broke out and there's no reason why this one shouldn't also

[sunbed44] 15/10/2021 12:49

Great to see this ticking up, its taken its time following sector sentiment.

[sunbed44] 14/10/2021 10:49

8 DEC3 JSE7 JOG2 PTAL1 SAVE9 SEPL6 TXP5 WEN4 ZPHRAll blue whoop whoop

[sunbed44] 12/10/2021 20:50

Restructured PF a bit over recent times to be and listed in order of my favs:-8 DEC3 JSE7 JOG2 PTAL1 SAVE9 SEPL6 TXP5 WEN4 ZPHRWish me luck!

[sunbed44] 04/10/2021 22:51

This looks very cheap, especially now there will be huge focus on gas given that the PIB/PIA has now been signed off in Nigeria. It will also be very interesting to see the share price of SAVE when it trades again post suspension.

[sunbed44] 02/10/2021 21:38

Thanks m8 also picked this up from another boardFinancial Times: The natural gas crunch hitting the UK and Europe is likely to intensify after China ordered state-backed companies to secure energy supplies no matter the cost.

[podgyted] 02/10/2021 11:14

From interim accounts announcement:-

"In May we announced a change of name to Seplat Energy, reflecting our belief that we must diversify our business so we can offer the optimal mix of energy for Nigeria's future needs. Having established ourselves as one of Nigeria's most successful indigenous independent oil and gas companies, we will now build on that strong base and accelerate our domestic gas business, expanding along the gas value chain into LPG and CNG. As part of Nigeria's energy transition, we will selectively target opportunities in gas to power and solar energy, critical to providing an alternate to expensive diesel generated electricity".

[sunbed44] 01/10/2021 13:11

Does anybody know if SEPL currently export LNG or have plans to do so. Or as per SAVE are they remaining 100% committed to the domestic gas market in Nigeria?

[deandavison245] 28/9/2021 19:14

14
Eroton KRAK/1 shut down due to
community distrubance in March
15
Eroton CAWC/3 station was shut
down due to leak in May'21
(6,600bopd) .
01-31/07/2021 204,600 Curtailed production within
the period
16
Some Aiteo wells closed-in on
flowline leak, S/BAR tripped on
24/6/21 @ 1835hrs on Power
outage.
01-15/07/2021 225,000 Curtailed production within
the period
17
Production curtailed due to pipeline
outages 01-31/07/2021 620,000 Curtailed production within
the period
18 Waltersmith shut in some wells due
to low pressure. 05-08/07/2021 8,000 Curtailed production within
the period
19
Some Aiteo wells closed-in on
flowline leak. S/Bar O/U on
16/07/21 @ 2100hrs post power
outage.
16-31/07/2021 32,000 Curtailed production within
the period
SEA EAGLE 20
Production curtailed by low
performing gas lift wells and flare
management
01-31/07/2021 155,000 155,000 Curtailed production within
the period
21
Usan had oil process shut down on
07/07/2021 7/7/2021 15,000 Curtailed production within
the period
22
Wells on south right loop shut in
due to a trip on 11/07/2021.
However, normal production has
resumed
11-12/07/2021 30,000 Curtailed production within
the period
23
Production curtailed due to flare
management and gas lift challenge 25-31/07/2021 120,000 Curtailed production within
the period
24
Energia injection into Brass line
suspended due pipeline damage 01-31/07/2021 86,800 Curtailed production within
the period
25
Pillar injection into Brass suspended
due to third party interferences on
NAOC Akiri pipeline 01-31/07/2021 28,520 Curtailed production within
the period
26
Some NAOC (Oshie) wells shut in
for flowline repairs, Xmas tree
repairs, community interference and
Pipeline outages
01-31/07/2021 310,000 Curtailed production within
the period
27
Addax suspended crude shipment to
Brass on 21/07/2021 due to
suspected sabotage on the 10’
Izombe-Ebocha Line
21-26/07/2021 15,000 Curtailed production within
the period
28
Seplat (Jisike) also suspended
production due to suspected
sabotage on Izombe-Ebocha line. 21-29/07/2021 16,200 Curtailed production within
the period
YOHO 29
Production curtailed at Yoho due to
low well head pressure, water
handling issues and flare control
01-31/07/2021 620,000 620,000 Curtailed production within
the period
QUA IBOE 30
About 50kbd of production
curtailed due to challenges with
well head pressure, high export
line pressure, low performanance
of gas lift wells, valves integrity
issues, leaks, low gas lift gas and
stuck pig.
01-31/07/2021 1,550,000 1,550,000 Curtailed production within
the period
ESCRAVOS 31
Abiteye, Makaraba, Utonana,
O lero/O puekeba platform and
some wells at Dibi shut-in to
investigate sheen sighted on
Nana creek.
12-31/07/2021 600,000 600,000 Curtailed production within
the period
32 Pigging operation commenced on
15/07/2021. 15-21/07/2021 80,000 Curtailed production within
the period
33
Production shut in due to
challenges with water injection
pump
23-30/07/2021 180,000 Curtailed production within
the period
34 Gas detected on main deck 7/31/2021 30,000
Curtailed production within
the period
35 Shutdown production 18-25/07/2021 10,400
Curtailed production within
the period
36 Production curtailed 26-31/07/2021 6,000
Curtailed production within
the period
OTAKIKPO 37 Pr0duction curtailed 01-09,18-20,31/07/2021 58,500 58,500 Curtailed production within
the period
PENNINGTON 38
Production suspended on
27/07/2021 for vessel swap. About
25kbd of production deferred.
27-31/07/2021 125,000 125,000 Curtailed production within
the period
IMA 39
Controlled shut down for
maintenance 14/09/19 - Date (30 days in July) 31,000 31,000 Shut-in of 1kbd for 31days

[deandavison245] 28/9/2021 19:11

NOTES TO THE TABLE

1. Crude Oil and Gas Sale
 The overall NNPC Crude Oil lifting of 8.71Mbbls (Export & Domestic Crude) in July 2021recorded 0.87% increase
relative to the 8.66Mbbls lifted in June 2021.
 Nigeria maintained 1.554 Million bpd OPEC Production cut in July, 2021
2. Sales Receipts
 Export Crude Oil: Crude Oil export revenue received in August 2021 amounted to $7.78Mn equivalent to
N2.98Bn.
 Gas: Domestic Gas receipts in the month was N5.69Bn.
 NLNG: Feedstock valued at $64.66Mn was sold to NLNG during the period out of which $54.40Mn was
received during the month. The difference being MCA obligations, Gas reconciliation and Credit Notes.
 NLNG Arrears amounting to $3.09Mn was received during the period.
3. Other Receipts
 The sum of $151.26Mn being miscellaneous receipts, Gas and Ullage fees and Interest income was received in
August 2021 (See Appendix D).
 The value shortfall of N173,131,639,213.61, for July 2021 was charged. The balance of N40,000,000,000.00 for
the June 2021 Value shortfall will be deducted in subsequent.
 The August, 2021 value shortfall of N149,283,084,869.20 is to be deducted from the September, 2021 proceeds
due for sharing at the October, 2021 FAAC meeting.
Evaluation of Govt. Exiting of JV Cash-Calls:
Govt &NNPC Take Sensitivity at Different Oil Prices Using 2016f JV Technical Cost of $27.93/ NOTES TO THE FAAC TABLES bbl)
4
1
Uzere/Afiesere/Kokori stations shut
down due to community workers’
protest.
01-15/07/2021 675,000 Curtailed production within
the period
2
Aroh shut down production
to manage tank top.
01-07/07/2021 35,000 Curtailed production within
the period
3
Seplat shutdown due to fire
incident on TFP ROW at
Ogbotobo 2.
1-2,4/07/2021 140,000 Curtailed production within
the period
4
Injection into Trans-Forcados
Pipeline suspended on 29/06/2021
due to fire on TFP Right of Way.
01-04/07/2021 80,000 Curtailed production within
the period
5
Trans Ramos Pipeline was
shut down on 05/07/2021
for maintenance.
05-20/07/2021 640,000 Curtailed production within
the period
6
Injectors into Transforcados
Pipeline shut in production on
12/07/2021 for repairs of fire
incident spot along Obotobo 2
ROW
12-14/07/2021 180,000 Curtailed production within
the period
7
Batan station manually shut
down on @ 0800hrs on
12/07/2021 for TFP repairs
12-17/07/2021 24,000 Curtailed production within
the period
8
Aroh shut down on
15/07/2021 to manage tank
top
15-16/07/2021 10,000 Curtailed production within
the period
9
Enageed shut down due to
tank top.
01-06, 11-19, 22-27/07/2021 79,500 Curtailed production within
the period
10
Batan shut down to due
failed surge vessel
transmitter
18-24/07/2021 28,000 Curtailed production within
the period
11 About 1.5kbd of crude deferred due
to high Gas to Oil Ratio 01-31/07/2021 46,500 Curtailed production within
the period
12 Addax Production and maintenance
Contract staff on industrial action 01-19/07/2021 76,000 Curtailed production within
the period
13 Moni pulo production shut in for
valve leak repairs. 04-21/07/2021 16,200 Curtailed production within
the period

[sunbed44] 21/9/2021 17:23

OPEC Secretary General yesterday at the World gastech event'The world will continue to consume energy. In our forecast to 2045, we project that demand for energy will grow by 28%, and oil (28%) and gas (25-26%) will remain the dominant source of energy in the global energy basket to 2045.'

[rolo7] 16/9/2021 16:20

Ast think there is a form to fill in from sepl investor website page then to post off

[astreix] 15/9/2021 18:34

Is there a way to avoid the 10% dividend withholding tax for this share, if held in ISA?

[rolo7] 15/9/2021 09:58

12% of output gets stolen or lost leak security of pipeline irregular cash flows but new pipeline should solve that but this pipeline been promised for years out of sepl control

[sunbed44] 14/9/2021 23:44

Cant work out why this is so out of favour