Report
Oliver Juggins

Seplat Energy - Q3 Results Update

In Q3 Seplat suffered from an unusually elevated level of evacuation problems, but these issues have all been addressed in time for Q4, and it is guiding strong exit production (55kboepd), at the very top end of its prior FY guidance range. As such, we expect this to be a bump in the road from which the company has already recovered, but which will leave a mark on the FY results – albeit one that is more than offset by improved oil prices, with 9M22 revenue up 34.4% at an average price of $108.25/bbl.
Underlying
Seplat Petroleum Development Company

Provider
Capital Access Group
Capital Access Group

Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.

Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.

Analysts
Oliver Juggins

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