ADVFN Logo ADVFN

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 charts Register for streaming realtime charts, analysis tools, and prices.

SEPL Seplat Energy Plc

213.00
0.00 (0.00%)
03 Dec 2024 - Closed
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 Shares Traded Last Trade
  0.00 0.00% 213.00 80,052 16:35:23
Bid Price Offer Price High Price Low Price Open Price
213.00 214.00 214.00 213.00 214.00
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 1.25B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 13,149 213.00 GBX

Seplat Energy (SEPL) Latest News

Seplat Energy (SEPL) Discussions and Chat

Seplat Energy Forums and Chat

Date Time Title Posts
26/11/202410:49SEPLAT592
29/1/202410:24Nigerian Oil Stocks with production106
18/8/201412:02BUY AND HOLD in SEPLAT-
09/5/201406:53SEPLAT2

Add a New Thread

Seplat Energy (SEPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:23213.0013,14928,007.37UT
16:27:16214.001736.38AT
16:27:16214.00432924.48AT
16:27:16214.005511,179.14AT
16:24:33213.515,00010,675.50O

Seplat Energy (SEPL) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 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 213p.
Seplat Energy currently has 588,444,561 shares in issue. The market capitalisation of Seplat Energy is £1,259,271,361.
Seplat Energy has a price to earnings ratio (PE ratio) of 0.02.
This morning SEPL shares opened at 214p
Posted at 26/11/2024 10:49 by loglorry1
oil price has been weak that's all.
Posted at 14/5/2024 20:48 by popit
Why is the share price higher in London than Nigeria?

It is 160p in London

But it is only 150p in Nigeria
Posted at 23/4/2024 11:52 by loglorry1
@bubloo if only it were possible. The Nigerian price is in Naira and there are currency controls so you can't buy in £ and convert to Nigerian line and sell in Naira because you can't get the Naira out of Nigeria.

I don't even think the shares are fungible but there might be a way if you have access to a prime broker and a large position.

The Nigerian line trades at a premium because wealthy people in Nigria are buying it as a proxy to dollars (its a dollar based commodity business) to protect against devaluation.
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 11:25 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 09:26 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 16:14 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 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
Seplat Energy share price data is direct from the London Stock Exchange

Seplat Energy Frequently Asked Questions (FAQ)

How many Seplat Energy shares are in issue?
Seplat Energy has 588,444,561 shares in issue.
What is the market cap of Seplat Energy?
The market capitalisation of Seplat Energy is GBP 1.25 B.
What is the 1 year trading range for Seplat Energy share price?
Seplat Energy has traded in the range of 120.60p to 243.00p during the past year.
What is the PE ratio of Seplat Energy?
The price to earnings ratio of Seplat Energy is 0.02.
What is the cash to sales ratio of Seplat Energy?
The cash to sales ratio of Seplat Energy is 0.00.
What is the reporting currency for Seplat Energy?
Seplat Energy reports financial results in NGN.
What is the latest annual turnover for Seplat Energy?
The latest annual turnover of Seplat Energy is NGN 696.87B.
What is the latest annual profit for Seplat Energy?
The latest annual profit of Seplat Energy is NGN 54.58B.
What is the registered address of Seplat Energy?
The registered address for Seplat Energy is 16A TEMPLE ROAD, IKOYI, LAGOS.
What is the Seplat Energy website address?
The website address for Seplat Energy is www.seplatenergy.com.
Which industry sector does Seplat Energy operate in?
Seplat Energy operates in the OIL & GAS FIELD SERVICES,NEC sector.