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Seplat Energy (SEPL) Share News

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IN BRIEF: Seplat says orders against Orjiako do not impact operations

10th Aug 2023 18:17

Seplat Energy PLC - Lagos-based oil and gas firm - Says that on August 8, it was served ex parte interim court orders, which were granted by the Federal High Court sitting in Lagos, Nigeria. These orders were part of a bankruptcy court action instituted by Access Bank PLC against Dr Orjiako, for the recovery of an outstanding loan amount that forms the judgment delivered by the High Court of the United Kingdom and registered in Nigeria as a judgment of the Federal High Court. Read More

Seplat halves interim profit on higher costs; oil prices slow revenue

28th Jul 2023 10:57

(Alliance News) - Seplat Energy PLC on Friday said profit plunged in the first half year as costs increased, but that it will maintain its current full-year guidance. Read More

IN BRIEF: Seplat CEO's Nigerian immigration documents restored

13th Jun 2023 13:36

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Says the Nigerian Ministry of Interior & Immigration Service has restored Chief Executive Officer Roger Brown's working permit and key visas. Brown's immigration documents had been withdrawn by the ministry in March following allegations of "racism, discrimination and improper immigration status" by some Seplat workers and stakeholders. Says it has "cooperated fully" with the verification checks conducted by the immigration authorities. A lawsuit was filed on April 13 at the Federal High Court in Abuja against the company in relation to Brown's immigration status, but was withdrawn on April 20. Read More

IN BRIEF: Seplat Energy extends Mobil Producing Nigeria purchase deal

24th May 2023 10:41

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Extends agreement to acquire Mobil Producing Nigeria Inc amid pending the resolution of legal proceedings and receipt of regulatory approvals, but "remains committed" to completing the acquisition. Says agreement has been revised so that in the event the transaction closes, Exxon Mobil Corp will share in a portion of the value of Mobil Producing Nigeria during the period of delay. The exact amount of this value will depend on "a number of factors", including the amount of oil produced and oil prices. Read More

IN BRIEF: Seplat Energy to defend action against company officials

11th May 2023 19:42

Seplat Energy PLC - oil and gas firm with assets in Nigeria - Notes reports that the Federal High Court sitting in Abuja has granted interim orders against the company and some of its officers. Points out the interim orders - which are yet to be served - primarily restrain the chair, named independent non-executive directors, chief operating officer and company secretary from operating or functioning as officers of Seplat Energy in any capacity. Read More

UK shareholder meetings calendar - next 7 days

3rd May 2023 14:51

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TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

28th Apr 2023 20:59

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

TRADING UPDATES: Naked Wines optimistic; Hotel Chocolat warns on sales

27th Apr 2023 15:56

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

Seplat Energy chair to resign and firm eyes improved governance

25th Apr 2023 12:24

(Alliance News) - Seplat Energy PLC on Tuesday said its Chair Basil Omiyi will resign in May and the company added it is looking to "strengthen its governance". Read More

IN BRIEF: Lawsuit against Seplat Energy's chief executive withdrawn

20th Apr 2023 15:30

Seplat Energy PLC - Lagos, Nigeria-based energy supplier - Says legal action against the immigration status of Chief Executive Officer Roger Brown has been withdrawn by the Nigeria Immigration Service, acting for the Nigerian government. Says it continues to engage with the Nigerian interior ministry to "bring closure to the false allegations presented to the ministry". Read More

IN BRIEF: Seplat Energy notes lawsuit against CEO's immigration status

13th Apr 2023 11:01

Seplat Energy PLC - Lagos-based energy supplier - Notes that a lawsuit has being filed against the company and some of its directors and officers by the Nigeria Immigration Service. The lawsuit is in relation to the immigration status of Chief Executive Roger Brown and the withdrawal of his immigration visa. Seplat says it is confident that it has provided all the required documentation to the Nigerian government and is confident the judicial process will address the circumstances "appropriately". Read More

IN BRIEF: Seplat Energy notes Lagos court reversal on chief executive

6th Apr 2023 14:15

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says High Court in Lagos, Nigeria vacates interim court order against Chief Executive Officer Roger Brown. The case has been adjourned to May 16 to continue hearing, allowing Brown to run the company again. In March, Seplat reported Brown had been barred from running the company for seven days, amid accusations of racism. Says the company maintains the petition filed by 5 persons claiming to be minority shareholders "lacks proper basis" and is premised on false allegations. Says it remains confident that the judicial process will address the circumstances appropriately and continues to engage the Nigerian interior ministry. Read More

Seplat Energy CEO Brown suspended for 7 days amid racism allegations

10th Mar 2023 11:48

(Alliance News) - Seplat Energy PLC on Friday said that its Chief Executive Officer Roger Brown has been barred from running the company for seven days, amid accusations of racism. Read More

Seplat Energy backs CEO Roger Brown amid racism allegations

9th Mar 2023 11:14

(Alliance News) - Seplat Energy PLC on Thursday backed its Chief Executive Officer Roger Brown, following reports that his Nigerian visa has been revoked due to racism allegations. Read More

Seplat Energy achieves rise in yearly revenue and profit; ups dividend

28th Feb 2023 12:20

(Alliance News) - Seplat Energy PLC on Tuesday reported double-digit increases in both revenue and profit for 2022 as it lifted its dividend by 50%. Read More

IN BRIEF: Seplat posts improved performance thanks to higher oil price

27th Oct 2022 12:02

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - In the nine months to September 30, says revenue rises 34% year-on-year to USD618.6 million from USD460.4 million. Pretax profit leaps 90% to USD185.2 million from USD97.4 million. Volumes lifted falls 11% to 4.9 million barrels of oil/gas from 5.5 million, but the average realised oil price rises 61% to USD108.25. Average realised gas price dips 2.1% to USD2.80. Declares quarterly dividend of 2.5 cents, unchanged from a year before, and brings total for the year-to-date to 7.5 cents. Read More

TRADING UPDATES: Insig and RA International sign new contracts

30th Sep 2022 13:42

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Seplat unaware Mobil Producing Nigeria deal called off

11th Aug 2022 12:57

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Notes it receives no notification of the proposed acquisition of Mobil Producing Nigeria Unlimited having ministerial approval withdrawn. Read More

IN BRIEF: Seplat denies reports of Exxon deal approval "impropriety"

10th Aug 2022 17:57

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says it has become aware of news and social media reports "alleging impropriety" in the process of securing ministerial consent for Mobil Producing Nigeria Unlimited deal. "Such reports are wholly untrue and the company will pursue legal action against any parties involved in disseminating false information related to its business," it says. Read More

IN BRIEF: Seplat gets ministerial approval for Exxon Mobil deal

8th Aug 2022 17:57

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Receives letter from minister of state for petroleum resources that Muhammadu Buhari, president of Nigeria, has approved that ministerial consent be granted to Seplat Energy Offshore Ltd's USD1.28 billion acquisition of Mobil Producing Nigeria Unlimited from Exxon Mobil Corp. Read More

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