Seplat Energy Share Discussion Threads

[talk2dubya] 28/1/2015 13:45

Yep that chart looks beautiful at the moment as well if they do.

[sportbilly1976] 28/1/2015 09:47

SEPL could easily do a 10 or 12:1 paper offer, renegotiate or part-pay some of AFR's debt down with their funds and get a superbly enlarged producing Company.

Certainly, the two week extension has played into their hands showing the weakness of AFR's finances

[coxsmn] 22/1/2015 20:36

22-01-15

Oil price rebound could take markets by suprise:

[dukedosh] 21/1/2015 16:44

Thankfully the 2 bob each way spread betters are busy abusing each other elsewhere.

[oilyrag] 21/1/2015 12:47

Why is this board so quiet?

[dlku] 16/1/2015 16:24

gotta be in it to win it, hope these guys take Afren, game changer for seplat. Buy before the general bids for Afren

[dukedosh] 22/12/2014 11:06

Afren confirms approach by Seplat
22 December 2014 | 09:14am
StockMarketWire.com - Afren has notes the recent movement in its share price and confirmed that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. Afren says there can be no certainty that an offer will be made or as to the terms of any offer.

Afren also noted that Seplat must announce whether it plans to make an offer by 5 p.m. on 19 January.

At 9:14am: [LON:AFR] Afren PLC share price was +5.66p at 53.23p


Story provided by StockMarketWire.com

[pro_s2009] 17/12/2014 14:02

In case anyone is wondering why its falling quite hard, see the link below :






.

[proactivest] 19/11/2014 15:32

Video Interview with Chairman Dr ABC Orijako




Dr ABC Orjiako, the chairman of Seplat Petroleum Development Company (LON:SEPL), is hoping to keep the promises the Nigerian oil and gas firm made when it listed in London in April, including the acquisition of new assets and increasing reserves and production.

Seplat’s chairman explains the acquisition strategy, the oil price at which it breaks even, and also talks about corporate governance, which has become an important factor for London-based investors in companies from emerging markets.

[dukedosh] 04/11/2014 21:12

Seplat Seeks to Acquire Nigerian Gas Assets as Prices Climb 67%

Seplat Petroleum Development Co. (SEPL), a Nigerian oil producer that raised about $500 million in a share sale this year, is looking to buy natural-gas assets to take advantage of higher prices in Africa’s biggest economy.

“Two things are driving the gas-commercialization business: the gas price and increasing demand,” Chairman Bryant Orjiako said in an interview yesterday in Cape Town. “Another thing that we’re doing is to find any available source of gas.”

Nigeria, the holder of Africa’s largest gas reserves, raised the price of gas to power plants to $2.50 per million standard cubic feet plus 80 cents for transport in August, from $1.50.

The country increased gas tariffs to help spur supplies to power plants in Nigeria, which generates less electricity than is needed by Africa’s biggest population of about 170 million. This causes regular blackouts that the government says are a bottleneck for growth, with a shortage of the fuel for stations being one reason why generation is below capacity.

The nation wants to almost triple natural-gas production capacity to 11 billion cubic feet a day by 2020 to help meet its electricity and industrial development needs, Oil Minister Diezani Alison-Madueke said in September. Nigeria loses at least $3 billion in revenue a year by burning off associated gas, which is pumped together with crude oil, according to the Petroleum Ministry. Flaring was taking place because the domestic fuel prices were so low.

Shell Assets
Seplat has contracts to supply power generators and is in discussions to add others, Orjiako said. The company sells its gas for about $3 per 1,000 cubic feet to electricity plants, Chief Executive Officer Austin Avuru said in April. The price for the fuel has risen from about 20 cents only a couple of years ago, he said.

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, is selling fields in Nigeria, where it lost almost $1 billion to sabotage in 2013, as part of its $15 billion asset-disposal plan. Seplat will consider some of these fields, Orjiako said.

“We are interested in every divestment in the onshore and shallow water,” he said. “Shell, having the largest footprint, obviously has the ability to put up all these assets so we’re looking at all of these.”

Pipeline security has long been an issue in the Niger Delta and is now improving. Throughout the 700-kilometer (435-mile) network in the areas of Seplat assets, there were seven incidents of vandalism in 2011, its first full year of operations, four in 2012 and none since 2013, Orjiako said.

Brent crude has dropped 28 percent from its 2014 high of $115.71 a barrel on June 19. It declined 1.4 percent to $83.57 a barrel at 9:24 a.m. in London. Seplat fell 1.9 percent to 196 pence in the city, extending the decrease this year to 6.7 percent.

In the “oil and gas business, like any commodity business, you expect volatility,” Orjiako said.

While the oil price has declined, Seplat isn’t limiting itself to gas acquisitions.

“Depending on what you find in your environment, you’re bound to adjust,” Orjiako said.

To contact the reporter on this story: Paul Burkhardt in Johannesburg [e-mail]

To contact the editors responsible for this story: Will Kennedy at [e-mail] Ana Monteiro, Dylan Griffiths

[dukedosh] 30/10/2014 16:38

This note from RBC on todays' 3Q14 results:

SEPL.L: Production of 29,000boe/d for first nine months, revenue impacted by timing differences

October 30, 2014 3:11 am ET

Seplat Petroleum (SEPL.L, 205p, Outperform, Speculative Risk; 310p Price Target)

Production impacted by timing differences: Seplat's average WI production for the first nine months of 2014 was 29,014boe/d, up 8% year-on-year. In Q3/14, average WI production was 32,237boe/d (comprising 25,128b/d liquids and 43mmcf/d gas); these production figures reflect 14 days of downtime on the Trans Forcados System in Q3/14 and deliveries which were subject to 10% reconciliation losses. After lifting adjustments, Q1-Q3/14 revenues were $576m, 8% lower than 2013 while gas revenue increased by 24% year- on-year to $17m. The revenue miss, relative to our $644m forecast, appears to reflect timing difference on crude lifting/sales - total volume of crude lifted in the first nine months was 5.3mmbbl - and this flowed through the income and cash flow statements. The company reported earning and operating cash flow for the first nine months of $228m and $176m, respectively.

FY14 production and capex guidance maintained: Seplat expects average WI production of 29-33,000boe/d for the full year, in line with previous guidance. Capital investments of $123m in the first nine months was little changed from the mid year - again reflecting the impact of timing difference. The company ended the period with cash of $435m and debt of $589m, plus $453m on deposit for investments. Outstanding NPDC receivable increased during the quarter increased to $418m.

Payout: Seplat has announced an interim dividend of $0.06/share. The dividend will be paid to shareholders on the register at the close of business on 6th November.

Continuing to seek new ventures: The company is actively pursuing a number of new venture opportunities that offer near term production, cash flow and reserve replacement potential – committed to maintaining price discipline with a focus on onshore and shallow water offshore areas.

Conference call: The company will host a conference call at 8:30 am (UK time), 9:30 am (Lagos Time). This can be accessed on [phone].

[dukedosh] 24/10/2014 11:48

This note from RBC just now:

Seplat Petroleum - Q3/14 - 30th October

Seplat is scheduled to publish its Q3/14 numbers on the 30th October. We expect the release to provide a brief operating update that includes unchanged FY14 production guidance of 23-25,000 b/d oil and 38-45 MMcfd gas, and a commitment to deliver on its production growth targets – in Q3/14 the company took delivery of a new 150 MMcfd gas facility at Oben and commissioning work has apparently commenced.

[chopsy] 15/10/2014 20:44

Thansk for posting that.

Oh, well thats's OK then, not to worry about the S/P!

Let's see what the dividend cover ratio is....

[dukedosh] 15/10/2014 19:57

Seplat Petroleum Development Company Plc has notified The Nigerian Stock Exchange that the company’s board of directors will meet in London on 29th October 2014 at which meeting a decision would be taken to declare an interim dividend.

Details of the meeting will be communicated to the market as soon as the company notifies The Exchange.

[dukedosh] 10/10/2014 20:36

Carrera2014, going on the price of Brent, the world no longer needs oil !

[carrera2014] 10/10/2014 17:20

why the drop?

[dukedosh] 10/10/2014 16:51

.....Commentators curse!

[chopsy] 10/10/2014 12:07

More resilient than other oil stocks today...

[chopsy] 09/10/2014 21:54

Wow, at all time low now, maybe you are right about a large placing, let's just wait and see for a bit..

[bronislav] 09/10/2014 17:44

Chopsy ....could it be that SEPLAT are about to raise cash ....In their results they stated they had put a deposit of circa 450 million on assets ,I assume this is a 25% deposit and so it follows that if there target is successfull they will need a significant amount .There also seem to be some quite significant buys of late ,any thoughts?

[chopsy] 09/10/2014 15:10

I guess the current falls could be POO related. All down to sentiment now, rather than progress or lack of it. Still not invested. NAI.

[carrera2014] 05/10/2014 19:53

website down anyone know why?

[bronislav] 05/10/2014 12:22

Some nice buying here .....looking to get in here myself.