Receive SEPL Stock News and Ratings via Email. SEPLAT 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? have bought more shares than they have sold in the past 3 months. He refuted the Presidents approval. WebSEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. (function () { Meanwhile, the company will embark on a recruitment process to select a new Board Chairman and establish a new level of corporate governance as the company works to resolve all pending legal issues as well as its acquisition of MPNU assets. By March 8, 2023, had his work permit, visa, and residence permit revoked by the Nigerian Ministry of Interior. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. SEPLAT.NG | SEPLAT Energy PLC Company Profile 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. It might be worth looking deeper into this. 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. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. this free report showing analyst forecasts for its future, MasterChef judge Jock Zonfrillo dies aged 46, Crocodile snatches dog in terrifying video footage, F1 world in disbelief over 'terrifying' incident at Azerbaijan Grand Prix, Chaos as millions 'suffer' during Chinese national holiday: 'Dystopian nightmare', Prince Harry to leave UK just two hours after coronation: 'In and out', JPMorgan boosts Wall St, Fed meet in focus, De Minaur defeat costs him chance to take on Medvedev, AFL CEO-elect prefers day grand final timeslot, Donald Trump requests mistrial in rape civil case, Fiji former attorney-general taken into custody, Lions in double injury blow, Power's Duursma sidelined, Umpires got Nathan Murphy non-free kick call wrong: AFL, Charles settles into life as monarch, after long wait, Women charged after children found living in squalor, Essendon's Durham banned for dangerous tackle, Jailed crime boss says he sold footwear, not drugs, Reduced boundaries won't win Ashes for England: Healy, Abdo intervention prompts Reynolds ref abuse charge, Police officer stabbed 'seconds' after arriving at job, Fifth man charged over Sydney gangland shooting, NRL concedes error on crucial golden point call, Government action urged to combat gambling harm, Home-grown ballet double bill celebrates identity, Republican Hipkins has no plans for a NZ Republic, McReight welcomes World Cup 'wrestle' with Hooper. Seplat is demanding the sum of $5 billion in damages. Private companies may also have a strategic interest in the company. Get in touch with us directly. Transparency is how we protect the integrity of our work and keep empowering Structure They are always enabled. Afolabi Folorunso, who was General Manager West, is now Managing Director Seplat West Ltd, with a portfolio that includes OMLs 4, 38 and 41, the acreages upon When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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. click here to see if those insiders have been buying or selling. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Seplat Energy announced a dividend on Thursday, April 27th. 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. All rights reserved. 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. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. At the same time, Seplat filed a suit with No FHC/ABJ/CS/386/2023, at the Federal High Court Abuja, on March 21, 2023, accusing Dr. Orjiako of acting unilaterally when he communicated with the Federal Government over a business transaction worth over $300 million, allegedly without the consent of the companys Board of Directors. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. No: 1000005401 Furnish details of company ownership and shareholding structure. This risk is higher in a company without a history of growth. We aim to bring you long-term focused analysis driven by fundamental data. You have already added five stocks to your watchlist. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. Supporting documents of capital market transactions that have been approved by SEC Nigeria, International Organisations of Securities Commissions, West Africa Securities Regulators Association, Description of Directorates and Departments, Organisations and Individuals Registered By SEC, Request for an intepretation of a law, rule, code or guideline, Code of Conduct for Shareholders Associations, Guidance on the implementation of sections 60-63 of ISA 2007, SEC Guidelines on Sustainable Financial Principles for the Capital Market, Administrative Proceedings Committee Matters, Check if a company or person is registered to do investment business in Nigeria, Check if you have some unclaimed dividends, Registration as a Capital Market Operator, Minimum capital requirements for Capital Market Operators, Specific Application Guidelines for Capital Market Operator Function, Nature of Application requirements, fees and implementation time-frame, Registration of Capital Market Securities/Products, Registration of IPOs (CIS, REIT, ETF), PE/VC, Infrastructure and Specialized Funds, Reporting Template On Sustainable Financial Principles For The Nigerian Capital Market, Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Returns, Current Value (Position) of Foreign Investment Managed on Behalf of Nigerian Residents (USD)), Foreign Transactions on Behalf of Nigerian Residents, Domestic Transactions on Behalf of Non-Resident Investors, Ownership Structure of Nigerian Companies, Requirements for Filing of Returns by Capital Market Operators, Regulatory Returns Filing Calendar For Public Companies, List of Registered Shareholders Associations, Weekly Net Asset Value Data for Collective Investment Schemes, Monthly Net Asset Value Data For Collective Investment Schemes, Monthly Net Asset Value(NAV) Of Exchange Traded Funds(ETFS), Quarterly Update on Private Equity and Infrastructure Funds, Nigerian Commodities Trading Ecosystem Bulletin, Notice of Acceptance of Applications for the Regulatory Incubation (RI) Program, Blacklisting Of Six (6) Unregulated Online Trading Platforms, The Supreme Court affirms the jurisdiction of the Investments and Securities Tribunal over capital market disputes, Investors Alert Blacklisting Of Five (5) Italian E-Commerce Websites, Public Statement On Recent Reports On Seplat Energy PLC, Notification for 2023 First CMC Webinar Meeting. Our daily ratings and market update email newsletter. Post was not sent - check your email addresses! Who We Are 337927). Also submit photocopies of its CAC Forms CO2 and CO7. Get short term trading ideas from the MarketBeat Idea Engine. WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. -, 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. View detailed SEPLAT.NG description & All rights reserved. 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. It operates a seven oil and gas The company can be reached via phone at +234-1-2770400. Kano State, Port-Harcourt The company employs 528 workers across the globe. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. } SEPLAT ENERGY PLC : Shareholders Board Members Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 Email: sec@sec.gov.ng. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. Liquidity and Debt Structure. At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, Tesla Continues to Defy Expectations, Is it Buyable Again? Sources within the company mention that there are some aggrieved parties who may be working against the company to further their own agenda threatening to impact Seplats long-term success if they are not addressed. The deal would have seen a boost in Seplats production to 146,000 barrels of oil equivalent per day (boepd) and see its proven and probable liquids reserves jump from 241 million barrels to 650 million barrels. After ABC Orjiako stepped down as Board Chairman at Seplat, the company had a consultancy arrangement with him, which obliged him to provide defined assistance to certain external stakeholders. Join the NRL chief executive Andrew Abdo invoked his power for the match review committee to consider their charges before Josh Reynolds was cited for Sunday's outburst at officials.Reynolds has been hit with a grade-one contrary conduct charge after his halftime abuse of referee Grant Atkins in Canterbury's win over St George Illawarra. 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. Of Seplat Petroleum Development Company Plc Director of External Affairs & Sustainability. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. How often does Seplat Energy pay dividends? Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Is United Airlines Playing a Game of Limbo with Its Guidance? Essendon dasher Sam Durham has been slapped with a one-match ban for a dangerous tackle on Geelong's Mark Blicavs.Durham is the latest player cited under the AFL's crackdown on dangerous tackles, after slinging Blicavs to the MCG turf in the third quarter of Essendon's 28-point loss on Sunday. SEPLAT was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC's portfolios. Read what they think about their salaries on our Compensation FAQ page for Seplat Petroleum Development Company. height: calc((850px) * 9 / 16); They too, get it wrong sometimes. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. 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. 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. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles 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. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. This represents a yield of 2.36%. Seplat has also faced corporate governance controversies, including payments to companies associated with its founders, and a lawsuit accusing former Chairman ABC Orjiako of acting unilaterally and demanding $5 billion in damages. You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. 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. A Brothers 4 Life member chose by himself to sell ice while the gang's founder worked with the drug dealer to sell shoes and tap fittings, a NSW jury has heard.Bassam Hamzy is on trial in the Downing Centre District Court over allegations he sold methylamphetamine while incarcerated, giving directions through his lawyer Martin Churchill to gang members outside. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Export data to Excel for your own analysis. Liquidity and Debt Structure. .uniq_1764707858073873 { Researching institutional ownership is a good way to gauge and filter a stock's expected performance. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. After waiting longer than any British heir to become monarch, King Charles III has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming.The 74-year-old Charles, who will be formally crowned on Saturday, was the oldest sovereign to take the throne in a lineage that dates back 1000 years when he succeeded his hugely popular mother Queen Elizabeth II after her death last September. 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. } 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.Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina. Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. View our latest analysis for Seplat Energy. this free report showing whether analysts are predicting a brighter future, New lower I bond rate comes with 'a pleasant surprise', Lordstown warns it may fail as investor Foxconn gets jumpy, Fed says new refinements of trading process are coming, Investors continue to think that the Fed will bail us out of every situation, strategist says, UPDATE 1-Fed says new refinements of trading process are coming. The company also engages in the renewable energy generation activities. Who are the major shareholders and have insiders been buying or selling? Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos It's hard to say for sure but this suggests they have entwined business interests. In other words, the group stands to gain the most (or lose the most) from their investment into the company. 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). The community relies on everyone sharing. I generally consider insider ownership to be a good thing. As of March 2021, Seplats board led by Orjiako, announced that the company would eliminate all related-party transactions. Our data reflects individual insiders, capturing board members at the very least. In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. To see all exchange delays and terms of use please see Barchart's disclaimer. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Alternatively, email editorial-team@simplywallst.com. 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. Introduction to Ownership Structure
Philadelphia Eagles Uniform Schedule,
Is Sudan Limited Or Unlimited Government,
Articles S