Rhigos
23 Aug 2016
Re: Price rigged in UK fifokid,I sold out on Friday at 69.6p before I read your message. I made an overall loss including dividends of 40.5% - should have cut my losses sooner. Typically price shooting up today so you're probably not the only one to notice anomaly (or perhaps you triggered purchases) which could be interpreted as a strong buy signal assuming that there would be a correction to get price parity with Nigerian exchange.Will never buy shares in another company like SEPL. Nigeria just too corrupt. SEPL dividends paid weeks late so was never sure I would even get a dividend. Fortunately not a big investment so loss does not hurt too much.iii showing last trade 75.00 +7.14% 
fifokid
19 Aug 2016
Price rigged in UK Short this stock and buy this on the Nigerian exchange where the price of the stock is tradibg at 54.8 equivalent.
freddie99
01 Jul 2016
Re: Dividend pay date 9/06/2016 Thanks for the info. As of 30/06/16, I still haven't received anything from them via a nominee account. I wonder who else is in the same boat ..... ?
fifokid
23 Jun 2016
Selling pressure Likely from devaluation of naira and Nigerian dual listing. I find it ironic the other Nigerian plays have not sold off.
Rhigos
11 Jun 2016
Dividend pay date 9/06/2016 Learnt from broker that SEPL pay dividend to my Nominee provider by cheque. Denominated, I believe, in USD. This has to be changed to UKP before being distributed to to UK SEPL shareholders. This results in a delay of variable amount, perhaps 2 weeks. The pence per share rate dependant on exchange rate when currency conversion done so not known exactly by shareholder until they receive payment in their account.Citigroup have a target price of 270p for shares. Seems a bit far fetched to me given situation in Nigeria and lowish oil price.
Rhigos
10 Jun 2016
Re: NDA Militants Sabotage Pipelines DukeDosh,Just spotted your post. There was talk on Bloomberg this morning about Nigeria. Country is in real trouble due to fall in oil price and financial mismanagement of country. Foreign exchange has become so difficult that because of difficulty in collecting payment and other risks United Airlines has stopped flying to Nigeria.Dividend of about 2.73p per share payable yesterday but yet to receive. They were over a week late paying last one if memory serves me well. Probably foreign exchange delays.SP been rising recently along with oil price.Reluctant to sell at a loss (down 30%) when they should in theory, barring anarchy, recover. Looking very risky at the moment. Do not know how they will get paid for gas sold locally. Curses may have to bite bullet and take loss.
DukeDosh
03 Jun 2016
NDA Militants Sabotage Pipelines ABUJA, June 2 (Reuters) - The Niger Delta Avengers militant group said on Thursday it had blown up two crude pipelines in Nigeria's Bayelsa state in the Delta area."At about 2
0am today @NDAvengers blew up the Ogboinbiri to Tebidaba and Clough Creek to Tebidaba Crude Oil pipelines in Bayelsa State," the group said on a twitter feed it uses to claim attacks."This is in line with our promise to all international oil companies and indigenous oil companies that Nigeria oil production will be zero." (Reporting by Ulf Laessing; Editing by Angus MacSwan)
Rhigos
14 Mar 2016
SP recovery, +93.7% since 20 Jan At Fri close SP had gone up 93.7% since its closing price low on 20 Jan of 57.25p. Projected yield 5.9% covered 3.4x (not sure how safe that is as FCF div cover is -1.6). Today ii reporting a suspiciously high SP rise of 17%. From other source mid SP 112p up 1.6p, +1.4% from Fri close. I do not understand how ii comes up with some SP changes.As a punt on price of oil SEPL has been a good bet recently and will continue to be, if like me, you think oil price is set to rise further. Even if oil price stabilizes around current value IMO SEPL SP will continue to rise as risk to dividend is perceived to lower.
DukeDosh
29 Jan 2016
Brittania-U loses case against Seplat/Chevron These Tweets from SEPL a few moments ago.Seplat Petroleum Dev ‏@SEPLATPetroleum 18m18 minutes ago@Seplatpetroleum Wins!!!!Brittania-U loses case against Seplat/Chevron.Seplat Petroleum Dev ‏@SEPLATPetroleum 14m14 minutes agoHandover of the assets from Chevron’s CEO to SEPLAT’s CEO at the Chevron office.[link] guys didn't waste any time!
Rhigos
20 Nov 2015
Div due 17 Nov Has anyone received their Nov dividend?[link] dividend In line with its dividend policy, and as a result of a stronger Q3 performance, the board of Seplat has agreed an interimcore dividend of US$0.04 per share. The dividend will be paid on or shortly after 17 November 2015 to shareholders on theregister at the close of business on 29 October 2015. The Nigerian shareholder register will be temporarily closed on 30October 2015 to enable the Company’s registrar, DataMax Registrars Limited (“DataMax”
, to prepare for the payment ofthe interim dividend.
DukeDosh
26 Oct 2015
Q3/15 Earnings Beat This from RBC earlier:Outperform Speculative Risk Target Price 150 Price 77SEPLAT this morning published numbers for the first nine months of 2015, which included Q3/15 production and revenue beats that flowed down to the bottom line. We expect the stock to outperform its peers today.Earnings: Production in the first nine months of 2015 averaged 40,012boe/d, which indicated that output in Q3/15 averaged over 54,000boe/d (we were forecasting 51,600boe/d). The company benefited from a marked improvement in uptime of the Trans Forcados System, the oil export system was down for only two days during the third quarter; the company achieved record levels of output of 56,415boe/d in September as gas sales grew. Nine-month revenues of $420m beat our $391m forecast, and combined with lower cost of sales than we anticipated, the company announced an operating profit of $115m for the Q1-Q3/15 period, including $44m in Q3/15, which beat our forecast. Profit after tax totaled $69m or $0.12/share ($0.08 forecast).Cash: SEPLAT ended Q3/15 with cash at bank of $445m - $343m of cash-in-hand and $102m of restricted cash – which fell below our $500m forecast primarily because debt repayments ($75m) and capex ($98m) in the year to date exceeded our forecast. Gross debt at the end of September of $925m, was below our $946m forecast. FY15 capex guidance remains unchanged at $168m. The outstanding NPDC net receivable as at 30 September was $461m, down from $504m at mid-year; the reduction came primarily as a result of the agreement signed between SEPLAT and NPDC in July whereby gas revenues attributable to NPDC’s interest in OMLs 4, 38 and 41 are offset against the balance of arrears. Dividend: In a nod to a tough year, which has been partially offset by a stronger Q3/15 performance, the Board has agreed an interim core dividend of $0.04 per share ($0.05 forecast). The dividend will be paid on or shortly after 17 November to shareholders on the register at the close of business on 29 October. Outlook: Given the potential for unscheduled downtime, management has kept FY15 production guidance unchanged at 32-36,000boe/d; but this looks readily achievable as gas sales continue to ramp up and additional oil export and storage capacity is commissioned; our current forecast is >40,000boe/d. The company continues to benefit from a limited amount (17,000b/d @$52/bbl) of oil price hedging in Q4/15. As stated previously, SEPLAT is currently engaged with NIPC on Pioneer Tax ‘compliance testing’ and it expects an outcome during Q4/15; management considers itself to have met or exceeded all conditions and a positive update would send the stock materially higher.
DukeDosh
23 Oct 2015
Q315 Results Next Week - RBC Note This from RBC earlier today:Seplat Petroleum (SEPL.L): Q3/15 Results – 27th OctoberSeplat is scheduled to release its Q3/15 results on Tuesday and we expect the company to host a conference call and webcast. We are forecasting net production in Q3/15 averaged ~50,000boe/d, reflecting a continued increase in production capacity from OMLs 4, 38 and 41; however, reported sales will depend upon export pipeline uptime and the company’s to export via alternative routes. Current FY15 guidance is 32-36,000boe/d, which we also expect management to update for increased production across these licences. Based on Q3/15 average Brent of ~$51/bbl, we expect gross revenues to be ~$146m and operating cash flow of ~$24m. At the end of July, Seplat had $29m in a new escrow account in London, pending agreement of terms of the Newton Energy transaction; management may provide an update on the deal in its results.
Rhigos
24 Aug 2015
Re: Cost cutting news WRONG board sorry Sorry oil investors wrong board was looking at my biggest losers and winners today. Meant to post previous message on S32 board - biggest looser in my share collection not SEPL my biggest winner this morning. Senior moment I'm afraid.
Rhigos
24 Aug 2015
Cost cutting news SP sharply down this morning, about -8% around 9 this morning. Decided worth a punt so doubled my small holding at 65.66p. SP was rising by the time I purchased. Hoping that cost cutting and some good news (cannot all be bad) will lift SP.
sterlingstuff
05 Aug 2015
Seplat/Afren Hi I am hearing Seplat may be picking up Afrens assets on the cheap now they are in administration.Could be worth 50p on the sp. DYOR
