Seplat Energy Share Discussion Threads

[eggbaconandbubble] 30/9/2022 05:58

Why would a NED sell their entire shareholding?

[tazerface] 15/8/2022 19:19

Dirty rabid dog. Down you filthy flee ridden scum

[farrugia] 11/8/2022 09:24

Nigeria! the land of shady fraudsters! what do you expect!? Once i got bitten by Afren which went bust due to insider fraud.

is it ex dividend date today as well?

[the real666] 09/8/2022 20:15

Look ADVFN 15-time ADVFN loser Champion, Roby the loon wishing death on a "kid".

Lucifer has his card up. You are going to a very hot house for eternity.

Regards,
666

[robizm] 09/8/2022 16:27

I am hoping the lions will eat him

[ptmorris1] 09/8/2022 15:01

@ROBIZM, but will she bring him home? ...

[robizm] 09/8/2022 09:01

The real666 you need to get ready as your mum is taking you to the zoo today.

[the real666] 09/8/2022 08:47

No, your worst are Gazprom, evraz, etc, you have lost 100% on hundreds of shares you loser. Your posting history shows hundreds of disasters.

Lucifer has your card up.

Regards,
Lucifer.

[robizm] 09/8/2022 08:22

My worst was Enron but can’t not invest in usa

[jon4567] 09/8/2022 08:20

Come on Nigeria. Make your mind up. This is embarrassing

[farrugia] 09/8/2022 08:15

i don't have great memories of nigeria - Afren with its fraudulent directors had screwed me once and I promised myself never to get involved again in the jurisdiction. But i did take a quick trade here but quickly offloaded this morning.

[krall] 09/8/2022 08:08

something isn't right?

Of course it´s Nigeria....

Not fun when you (teh regulator) dont get what you want.

Key message from RNS in my standpoint is, president wants action

"The President further directed that the HMSPR shall ensure that the ExxonMobil/Seplat Energy operating entity (being MPNU) carries out operatorship of all the OMLs in the related shallow water assets to optimise production in support of Nigeria's OPEC quota in the short term as well as ensure accelerated development and monetisation of the gas resources in the assets for the Nigerian economy."

[farrugia] 09/8/2022 08:03

something isn't right?

[podgyted] 08/8/2022 18:13

Confirming RNS now out.

Good to be back in profit on this one (hopefully not famous last words!)

[robizm] 08/8/2022 17:40

145k a day for £759 million plus debt. The new pipeline will increase oil delivery and more gas production next year. Debt will drop quickly and more disposals by majors to come.

[farrugia] 08/8/2022 16:27

The acquisition will give Seplat, which is listed in London and Lagos, additional production of about 95,000 barrels of oil equivalent from the shallow-water permits that Exxon operates in a joint venture with the NNPC. That would almost triple the company’s output

from

[sunbed44] 08/8/2022 16:11

BRILLIANT news - onwards and upwards

[seatank8300] 08/8/2022 16:08

The combined entity will generate $800m+ of annual free cash flow at $100 oil by my rough calculation. The market cap is $800m. Annual EBITDA of the combination will be not that far from $2bn at $100 oil, against an EV of <$2bn. The current dividend costs the company circa $55m in cash, which is hardly relevant in quantum now.

[dillydally2] 08/8/2022 15:47

MASSSSSSSSSSSSSIVEEEEEEEW

[loglorry1] 08/8/2022 15:19

Nigerian President Approves Seplat’s Mobil Acquisition
(Bloomberg) -- Nigerian President Muhammadu Buhari, who is also the country’s minister of petroleum resources, consented to Seplat Energy Plc’s purchase of ExxonMobil Corp.’s shallow water business in the West African country, according to an emailed statement from his spokesman Femi Adesina.
• “Considering the extensive benefits of the transaction to the Nigerian energy sector and the larger economy” Buhari approved the deal
• NOTE: Feb. 25, Seplat Energy Buys Mobil Producing Nigeria from Exxon for $1.28B
• NOTE: Nigeria’s state-owned oil company had claimed rights to the licenses and last month won a court order temporarily blocking the deal
To contact the reporter on this story: William Clowes in Abuja at [e-mail] To contact the editors responsible for this story: Anthony Osae-Brown at [e-mail] Rene Vollgraaff


(no RNS yet so beware)

[krall] 30/7/2022 05:58

It is in the OML40 block. The Abiala field is part of the margin field program, it was carved out from the original block.

The marginfield program was created for smaller proven fields that was held by majors but didnt get developed in proper time. Most known and successfull margin Field development is maybe Umusadege field / Mart (MMT.V) 10 years back.

[seatank8300] 29/7/2022 21:25

Farm in? Isn't this located in their own OML40?