} Exposure to Nigerian Banks Reduced: As a general policy, the company usually retains around 70% of its total cash in US dollars and around 70% of the US dollar cash is held offshore. Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger Home; Exclusives. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. Concerned about the content? Overview 50 Reviews 1 Jobs 25 Salaries 9 Interviews 22 Benefits 4 Photos 17 Diversity Follow + Add a Salary What are your colleagues talking about? View detailed SEPLAT.NG description & Management ultimately answers to the board. WebOver the last few years, Seplat Energy has successfully grown its business and created significant shareholder value despite the challenges confronting us in our operating environment. Lagos State, Kano Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Major Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. The ex-dividend date is Wednesday, May 17th. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Net sales break down by family of products as follows: - natural gas (21.2%). At the end of 2020, the group operated 7 onshore blocks located in Nigeria. Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. We aim to bring you long-term focused analysis driven by fundamental data. You can click here to see if those insiders have been buying or selling. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. Cookies necessary to ensure the optimal functioning of our website. The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos. It also benefited from a USD350 No: 1000005401 Furnish details of company ownership and shareholding structure. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. The Ministry had said that Mr Brown was in possession of a Combined Expatriate Residence Permit and Aliens Card (CERPAC) that was not based on a validly issued Expatriate Quota approved by the Ministry of Interior resulting in the violation of relevant Immigration Laws and Regulations. Kano When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. The NRL concedes officials missed a crucial knock-on call late in Canberra's golden-point win over the Dolphins.With scores locked at 30-30, Canberra's Hudson Young knocked the ball forward into the arm of Ray Stone, before the Raiders regained possession. WebWhat is the ownership structure of SEPL? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. With a market capitalization of UK297m, Seplat Petroleum Development is a small cap stock, so it might not be well known by many institutional investors. Transparency is how we protect the integrity of our work and keep empowering Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related decisions, A total of 4 investors have a majority stake in the company with 52% ownership, Institutional ownership in Seplat Energy is 11%. Alternatively, email [email protected]. Private companies may also have a strategic interest in the company. According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid What is Seplat Energy's stock price today? Read our dividend analysis for SEPL. -, Ashoka WhiteOak holds IPO; Fox Marble agrees takeover, Naked Wines optimistic; Hotel Chocolat warns on sales, Visa, Work And Residence Permit In Nigeria- A Cursory Look At The SEPLAT Energy CEO'S Experience, Other Oil & Gas Exploration and Production, Sector Other Oil & Gas Exploration and Production, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, Chief Executive Officer & Executive Director, Chief Financial Officer & Executive Director, Chief Operating Officer & Executive Director, Senior Independent Non-Executive Director. 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 Nigerias largest export facilities How many employees does Seplat Energy have? } It operates a seven oil and gas WebThe combined oil production of Seplat and Eland (as separate entities) in 2019 stood at 32,898 bopd and as per independent reserve assessments at 1 January 2020 the acquisition has increased Seplats 2P reserves and 2C resources base by 9.6% to 615 MMboe. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. It's hard to say for sure but this suggests they have entwined business interests. To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. On November 17, 2021, Seplat announced that ABC Orjiako would step down from his position as Board Chairman in May 2022. You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. This may not be consistent with full year annual report figures. height: calc((850px) * 9 / 16); While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. To see all exchange delays and terms of use please see Barchart's disclaimer. @media (min-width: 850px) { Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Get in touch with us directly. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: Seplats acquisition of Mobil Producing Nigeria Unlimited assets has been delayed due to legal battles, including a dispute with Nigerian National Petroleum Company Limited over pre-emption rights under their Joint Operating Agreement. You have already added five stocks to your watchlist. In January 2023, some former employees filed a petition against Seplats CEO, Roger Brown on the grounds of alleged intimidation, sacking of Nigerian staff, abuse of corporate governance, the relegation of host communities, relocation of Seplat technology office to Aberdeen, UK, bullying of Nigerian staff by foreign nationals, as well as spending of over $5 million dollars to shuttle between Lagos and his London home after allegedly fraudulently collecting a relocation allowance from the company. Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. c) Provide evidence of what xmlhttp = new XMLHttpRequest();xmlhttp.onreadystatechange = function(){if(xmlhttp.readyState==4 && xmlhttp.status==200){var es = document.querySelectorAll("[data-id='"+adunit+"']");var e = Array.from(es).filter(function(e) {return !e.hasAttribute("data-rendered")});if(e.length > 0){e.forEach(function(el){var iframe = el.contentWindow.document;iframe.open();iframe.write(xmlhttp.responseText);iframe.close();el.setAttribute('data-rendered', true)})}}};var child=childNetworkId.trim()? Read what they think about their salaries on our Compensation FAQ page for , Summer Legal salaries - 3 salaries reported, Project Engineer salaries - 1 salaries reported, Budget Manager salaries - 1 salaries reported, HSE Specialist salaries - 1 salaries reported, Graduate Engineer salaries - 1 salaries reported, Electrical Engineering salaries - 1 salaries reported, Administrative Assistant salaries - 1 salaries reported, Piping Engineer salaries - 1 salaries reported, Joint Venture Planning and Cost Engineer salaries - 1 salaries reported, Internship salaries - 1 salaries reported, Graduate Trainee salaries - 1 salaries reported, Lead Cost Estimator salaries - 1 salaries reported, Warehousing, Rigging & Material Handling salaries - 1 salaries reported, Senior Metering Engineer salaries - 1 salaries reported, Mechanical Engineer salaries - 1 salaries reported, Operations salaries - 1 salaries reported, Contractor salaries - 1 salaries reported, Reservoir Engineer salaries - 1 salaries reported, Business Management Graduate Scheme salaries - 1 salaries reported. Many look for medium term catalysts that will drive the share price higher. Learn how it impacts everything we do. Our data reflects individual insiders, capturing board members at the very least. WebThe Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. However, on some occasions too much power is concentrated within this group. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. What other stocks do shareholders of Seplat Energy own? Meanwhile, individual investors make up 30% of the companys shareholders. Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related The official announcement can be viewed at this link. Receive SEPL Stock News and Ratings via Email. With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. The company was formerly known as Seplat Petroleum Development Company Plc and changed its name to Seplat Energy Plc in May 2021. See what's happening in the market right now with MarketBeat's real-time news feed. Seplat Energy also announced that the Lagos Federal High Court has vacated the ex parte interim orders against Seplat, its Chief Executive Officer, and its Board Chairman. Get daily stock ideas from top-performing Wall Street analysts. Export data to Excel for your own analysis. Post was not sent - check your email addresses! This might be a strategic stake, so it's worth watching this space for changes in ownership. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Seplat Petroleum Development is not owned by hedge funds. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. It seems that Private Companies own 47%, of the Seplat Energy stock. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. 5b Isaiah Odolu Street, GRA phase 2 Seplat went ahead to pay $509,000 to a firm that holds Orjiakos shares for consulting services during the first six months of 2022, actively violating its own March 2021 resolution to eliminate all related-party transactions. Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. We project Seplat to be broadly FCF-neutral in 2021-2025. When such a trade goes wrong, multiple parties may compete to sell stock fast. The AFL admits its umpires erred in not awarding Nathan Murphy a free kick after he was clattered by Adelaide's Darcy Fogarty while failing to enforce the blood rule.Murphy was positioned under a high ball in the last quarter of the Magpies' thrilling win on Saturday when Fogarty crashed into him, front-on. Who are the major shareholders and have insiders been buying or selling? Luckily, you can check this free report showing analyst forecasts for its future. max-width: 850px; We can report that insiders do own shares in Seplat Energy Plc. In their own names, insiders own UK17m worth of stock in the UK584m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. However, shortly after President Buharis decision, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) publicly opposed the acquisition during a widely broadcasted television interview. With 47% stake, private companies possess the maximum shares in the company. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? By continuing your browsing on this website, you agree to the use of cookies in order to optimize the functionality of the maureletprom.fr website through the production of anonymous and statistical data. But to truly gain insight, we need to consider other information, too. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Tesla Continues to Defy Expectations, Is it Buyable Again? Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. Donald Trump has requested a mistrial in a civil case where the writer E Jean Carroll is accusing him of rape and defamation, saying the judge made several "unfair and prejudicial" rulings against him.In an 18-page letter filed early Monday in Manhattan federal court, Trump's lawyer Joe Tacopina accused US District Judge Lewis Kaplan of being biased against the former US president, including in the jury's presence. For us, this is a definitive measure of our success and reflects our strong .uniq_1764707858073873 { Those businesses were connected to both Orjiako and Avurus family members. The S&P; 500 and the Dow edged higher as JPMorgan shares rose after the lender said it will buy most of First Republic Bank's assets, while investors refrained from making big bets ahead of the Federal Reserve's policy decision this week.JPMorgan Chase & Co's shares rose 2. By April 2023, Nairametrics reported that the Nigerian Immigration Service dropped all charges against Seplat. This represents a yield of 2.36%. But just like anyone else, they could be wrong. By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. During the period highlighted, Seplat paid $410 million to companies associated with Orjiako and $299 million to companies associated with Avuru, according to the companys annual reports. The same can be achieved by studying analyst sentiments. Net sales break down by On Tuesday, April 25, Seplat Energy Plc which is listed on both the Nigerian Exchange Limited and the London Stock Exchange, announced a Boardroom succession plan that will help the company move on from recent challenges and strengthen corporate governance. [email protected] Our data indicates that hedge funds own 9.0% of Seplat Energy. Seplat Petroleum Development Company (SEPLAT) is a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with a strategic focus in the Niger Delta of Nigeria. This implies the analysts working for those institutions have looked at the stock and they like it. This article examines the events that have caused internal crises and legal battles at Seplat, a Nigerian oil and gas company, and discusses the resulting effects on its operations and reputation. In its February 25, 2022 acquisition note, Seplat highlighted MPNU assets as a 40% operating ownership of 300 producing wells in 4 oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure, with NNPC being the 60% partner, the Qua Iboe Terminal, a 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso, 409 MMBBL of 2P liquid reserves, and 211 Bscf of 2P gas reserves, with the undeveloped gas potential of 2,910 Bscf. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Read our dividend analysis for SEPL. Shares of SEPL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. In-depth profiles and analysis for 20,000 public companies. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Join thousands of other investors who make better investing decisions with our premium tools. Ian Healy says England are at risk of overthinking the Ashes series if they push for shortened boundaries against Australia in a bid to suit the hosts' new-found attacking approach to Test cricket.A UK newspaper reported England officials had hoped to utilise smaller grounds this winter, with boundary ropes brought in well off the fence. WebAs you can see in the diagram, the ownership structure in this company have institutional shareholders with 65.05% of the company ownership, retail shareholders at 13.17%, sovereign wealth funds at 10.47%, foundations (or founder) at 5.20% and others at 6.11%. Sorry, your blog cannot share posts by email. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos The Mareva injunction was issued because Zenith Bank Plc had taken Dr Orjiakor, Shebah Exploration and Production Company Limited, Shebah Petroleum Development Company Limited and six others before the Federal High Court, over an alleged debt of about $78,426,578.64. What Seplat is buying from Mobil. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. It was reported that by mid-morning on February 25 after Seplats announcement of the sale and purchase agreement with MPNU, Seplats share price rose from 93 pence to 105.5 pence ($1.24 to $1.41) on the London Stock Exchange. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria.

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