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Seplat PetroleumDevCo NGN0.5DI (SEPL)

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29-Oct-2019 08:00 AM

Seplat Petroleum profit up as lower finance costs offset weaker revenue

Lagos and London listed Seplat Petroleum reported a rise in year-to-date profit after lower financing costs offset a weaker revenue. Profit for the nine months through September more than doubled to $185m, up from $91m on-year, following a 37% reduction
19-Apr-2018 01:30 PM

Broker Forecast - CardinalStone issues a broker note on Seplat Petroleum Dev Company Plc

CardinalStone today upgrades its investment rating on Seplat Petroleum Dev Company Plc (LON:SEPL) to buy (from hold). Story provided by Broker Forecasts data provided by
23-Oct-2017 09:07 AM

Seplat Petroleum returns to profit

Seplat Petroleum Development said it returned to profit in the third-quarter and maintained its annual production guidance. An operating profit of $40.9m compared to a $11.7m operating loss in the previous corresponding period. Annual production guidan
04-Sep-2017 12:10 PM

Broker Forecast - Citigroup issues a broker note on Seplat Petroleum Dev Company Plc

Citigroup today reaffirms its buy investment rating on Seplat Petroleum Dev Company Plc (LON:SEPL) and raised its price target to 147p (from 100p). Story provided by
07-Jun-2017 02:05 PM

Seplat resumes exports at the Forcados terminal

Seplat said it has received notification from the operator of the Forcados terminal, Shell Petroleum Development Company of Nigeria Ltd ("SPDC"), that the Force Majeure on exports from the terminal has been lifted. It added that, since the reco
02-Jun-2017 02:58 PM

All resolutions passed at AGM of Seplat

Seplat Petroleum Development Company has announced that, at its Annual General Meeting held yesterday, all resolutions were passed. At 2:58pm: (LON:SEPL) Seplat Petroleum Dev Company Plc share price was -0.63p at 76.75p Story provided by StockMarke
24-Mar-2016 11:00 AM

SEPLAT's FY pretax profit plunges 65%

SEPLAT's FY pretax profit has plunged 65% to USD87m, from USD252m. Revenue was 26% lower at USD570m, from USD775m. CEO Austin Avuru said: "In 2015 we delivered on what was in our control, posting best-in-class reserves and production growth an
25-Jan-2016 07:38 AM

SEPLAT says FY WI output 43,372 boepd, up 41pct

Seplat Petroleum Development Company said it, in what was a very challenging year for the industry, delivered best-in-class production growth in 2015 with liquids output up 20% and gas output up 119% year-on-year, corresponding to a 41% increase overall.
03-Jun-2015 03:33 PM

Seplat resolutions passed at AGM

Seplat Petroleum Development Co has confirmed that all resolutions proposed at its annual general meeting yesterday were passed. At 3:33pm: (LON:SEPL) Seplat Petroleum Development Company Plc Ord Ngn0.50 share price was -1.75p at 117.5p Story provide
28-Apr-2015 11:10 AM

Production up 63% at Seplat Petroleum

Seplat Petroleum Development Company has announced that average working interest production for the first three months of 35,811 boepd, up 63% from the same period last year, and maintains average working interest guidance of 32,000 to 36,000 boepd for th
26-Mar-2015 07:41 AM

SEPLAT's FY profit more than halved

Seplat Petroleum Development Company's FY profit more than halved to $252m, from a year-earlier profit of $550m. Revenue totalled $775m, from $880m. It recommended a final dividend of $0.09 a share, taking the total to $0.15 a share. Full year resu
05-Feb-2015 01:26 PM

Seplat acquires stakes in 2 Nigeria oil mining licences

Seplat Petroleum Development Co has completed the acquisition of a 40% working interest in OML 53 and concluded negotiations for a 56.25% stake in Belemaoil Producing which has completed the acquisition of a 40% interest in OML 55. The stake in OML 53 -
08-Jan-2015 12:45 PM

Seplat confirms interest in Afren

Seplat Petroleum Development Company has noted last month's announcement by Afren and confirmed that it has made a highly preliminary approach regarding a possible combination with Afren. There can be no certainty that an offer will be made or as to
27-Oct-2014 03:24 PM

Seplat Petroleum Development schedules Q3 results

Seplat Petroleum Development Co, a leading Nigerian indigenous oil and gas company, will issue its interim financial results for the third quarter ended 30 September on 30 October. At 3:24pm: (LON:SEPL) Seplat Petroleum Development Company Plc Ord Ngn0
25-Jul-2014 07:56 AM

Seplat Petroleum performs well in H1 2014

Seplat performed well during the first half of 2014. Although production in the period was impacted by the shutdown of third party infrastructure, it continues to drive growth - excluding the shut-in days, our gross daily average production from OMLs 4, 3
22-May-2014 08:20 AM

Seplat confident of achieving FY output rate target

SEPLAT Petroleum Development Company is confident it will achieve the target gross operated production exit rate for this year of 72,000 bbl/d as set out in the IPO Prospectus. "A modified drilling programme for the remainder of the year is being wo
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