"Seplat's B2 CFR and B2-PD ratings with a stable outlook reflect its small scale with production of 36,923 barrels of oil equivalent per day (boe/d) and revenues of $452 million for the financial year ended 31 December 2017 says Douglas . At the end of 2020, the group operated 7 onshore blocks located in Nigeria. Companies that have been privatized tend to have . 3. . which includes a 40 per cent operating ownership of four oil mining leases . That's interesting, because hedge funds can be quite active and activist. Seplat refinanced debt with $1 billion of new facilities provided by Nigerian banks split between a $700 million seven-year tranche and a $300 million three-year loan, it said in an e-mailed statement in January 2015. . on 8 March 2022. There is need to conduct "Lifting the Corporate Veil" to unmask the ownership structure of Cardinal Drilling, including the Directors. Quality, Value, Ownership Undervalued - Ebit/EV + B/M Blend Quality, Value, . Retail Ownership Institutional Owners Net Long/Short Value Top Mutual Funds Top ETFs Buyers Sellers. FBNHoldings drives the Group coordination, collaboration, and synergies across the business groups to deliver innovative . It started with the head of the Department of Petroleum Resources (DPR), the country's regulatory agency-as it then was-sending a letter of revocation of the leases to Addax in late March 2021, and, within 48 hours of said revocation, awarding the licences to the KEL . Demonstrate that only Nigerian indigenous company having greater than or equal to 51% Nigerian shareholding in the registered company, by providing details of company ownership and shareholding structure (form CO2 and CO7). Corporate Structure and business . Our offices. 134GM Institutional Ownership - Seplat Energy Plc (XMUN) Stock. Corporate structure and business. Seplat as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Content Development. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Sale of Hocol Colombia to Ecopetrol. Otike-Odibi said that the impact of the acquisition would be positive for all the company's stakeholders. Entry into Nigeria with Seplat. For context, the second largest shareholder holds about 9.1% of the shares outstanding, followed by an ownership . NNPC moves to stop $1.6bn Seplat, ExxonMobil deal with major counter-offer TotalEnergies, NNPC's joint project on course, says FG Fuel scarcity won't spread to Lagos, others - Marketers Seplat's debt financing of $825 million is fully committed by a syndicate of Nigerian and African banks, and energy and commodity traders. Seplat Q1 2019 Interim Result - Note 24, page 35. The effective date is 1 January 2021 and completion is expected in H2 2022, pending ministerial approval. Shareholder Structure. . Section 92 (1) (b) of the Federal Competition and Consumer Protection Act (FCCPA). He is also a founding member of the London Stock Exchange Group's Africa Advisory Group ('LAAG'). DE:134GF / Seplat Energy Plc - Institutional Ownership - Buyers. Seplat Q3 2016 Interim Result - Note 19, page 46. Companies that used to be publicly owned tend to have lower insider ownership. SEPLAT Plc Refutes Being Party to Cardinal Drilling Services Loan with Access . Seplat boasts of over $2.8 billion in assets and over $500 Million in market capitaliza­tion. ownership structure on the dividend policy of Japanese firms with free cash flow problem with 986 observations from 1992 to 2000. On January 21, 2022, Fondul Proprietatea S.A. (via Franklin Templeton International Services S.A R.L., in its capacity of alternative investment fund manager of Fondul Proprietatea S.A.) sold 2,275,000,000 shares in OMV Petrom S.A. at the price of RON .43/share via an accelerated book-building offering on the . In its financial statement, the company noted that the dividend is subject to the appropriate withholding tax and will be paid to shareholders whose names appear in the registry of members at the close of business on Aug. 12.. Seplat Energy recorded a profit before tax of $62.1 million for H1 2020. Entry in Gabon and Tanzania Entry into Colombia and Venezuela through the purchase of Hocol . Generally speaking, as a company grows, institutions will increase their ownership.. Seplat Energy Plc (hereinafter referred to as 'Seplat' or the 'Company'), the parent of the Group, was incorporated on 17 June 2009 as a private limited liability company and re-registered as a public company on 3 October 2014, under the Companies and Allied Matters Act, CAP C20, Laws of the Federation of . The effective date is 1 January 2021 and completion is expected in H2 2022, pending ministerial approval. acquired by Access Bank Plc) for which the latter has been unable to fully. Seplat Q1 2019 Interim Result - Note 24, page 35. The B2 rating assigned to the proposed notes is the same as Seplat's B2 CFR and benefits from various subsidiaries' guarantees including Seplat West Ltd, which owns the core production assets under the OMLs 4, 38 and 41 licences, representing 72% of total revenues, 83% of EBITDA and 76% of working interest production. 4. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Nr. 1. . The study employed descriptive statistics and . Seplat Petroleum Development Company Plc ('Seplat' or the 'Company'), the parent of the Group, was incorporated on 17 June 2009 as a private limited liability company and re-registered as a public company on 3 October 2014, under the Companies and Allied Matters Act, CAP C20, Laws of the Federation of Nigeria . FIGI: BBG006G2Q158: Institutional Owners: 0 total, 0 long only, 0 short only, 0 long/short - change of % MRQ Overview; Chart; Owners . Petroleum giant Seplat Petroleum Development Company was founded in 2009 by billionaire oil magnate and surgeon Dr Ambrose Bryant Chukwueloka "ABC" Orjiakor and the company's current Managing Director and CEO Mr Austin Avuru. Strategic growth: Eland acquisition 3. Retail Ownership Institutional Owners Net Long/Short Value Top Mutual Funds Top ETFs Buyers Sellers. The plant is designed to help close Nigeria's > 10, 000 MW energy gap (source: Centre for Global Development) whilst paving the way to a sustainable energy mix by providing grid stability and black . According to the latest confirmation statements submitted on the 2020-12-31, there are currently 27 directors. 5. About the share ownership structure, of the 40% or so "free float", hazarding a guess, around half is likely held by Nigerian pension funds and private investors in . Cardinal Drilling Nigeria Ltd over a loan taken from Diamond Bank Plc (since. An Azura Power company, Azura-Edo is an independent power producer (IPP) committed to contributing to the growth of the energy sector in Nigeria. Seplat Petroleum Development Company Plc, held its hybrid 8th Annual General Meeting (AGM) with shareholders, auditors, regulators, company directors, and the media, amongst other stakeholders joining physically and virtually. 2. Nigerian oil and gas company Seplat Energy has inked an agreement to acquire ExxonMobil's subsidiary holding the company's shallow water assets off Nigeria in a bid to drive its growth strategy, forge a sustainable business, and achieve energy transition goals. Chevron Nigeria is the third largest oil producer in Nigeria with a production capacity of 230,000 barrels of crude oil daily. The company provides drilling rigs and drilling services to Seplat.. Seplat Petroleum Development Company Plc ('Seplat' or the 'Company'), the parent of the Group, was incorporated on 17 June 2009 as a private limited liability company and re-registered as a public company on 3 October 2014, under the Companies and Allied Matters Act, CAP C20, Laws of . This tender and any related process neither creates any commitment by SEPLAT nor establish any legal relationship. 2. earnings-and-revenue-growth Seplat Petroleum Development is not owned by hedge funds. Seplat 2019 Audited Report - Note 42, page 226. The Board is made up of eleven (11) individuals from diverse academic and professional backgrounds of which six (6) are non-executive directors. SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC(ON BEHALF OF THE NPDC/SEPLAT JOINT VENTURE)TENDER OPPORTUNITY: PROVISION OF PERSONAL PROTECTIVE EQUIPMENT 1. Every investor in ST Energy Transition I Ltd. (NYSE:STET) should be aware of the most powerful shareholder groups. Seplat Q3 2016 Interim Result - Note 19, page 46. . Short Interest . Seplat's Related Party Relationship with Cardinal Drilling Nigeria. parte motion requesting that Access Bank. Seplat Petroleum Development Company Plc Annual Report and Accounts 2019 87. INTRODUCTION:Seplat wishes to engage local vendors who have demonstrated capability in manufacturing and supply of personal protective equipment for its workforce. INTRODUCTION:Seplat wishes to engage local vendors who have demonstrated capability in manufacturing and supply of personal protective equipment for its workforce. Provide evidence of registration on NOGICD JQS portal. Corporate governance is the cornerstone of our business and ensures that we work responsibly as required by King IV. Seplat is operator of the three blocks, which together form one contract area, on . This change in the ownership structure of BOC Gases Nigeria Plc was effective since 13th day of August 2021. . Seplat has agreed to pay $1,283 million plus a contingent consideration of up to $300 million. The registration is not mandatory. Seplat Petroleum Development Company Plc (''Seplat'' or the ''Company''), the parent of the Group, was incorporated on 17 June 2009 as a private limited liability company and re-registered as a public company on 3 October 2014, under the Company and Allied Matters Act 2004. As of the time of the bank's announcement, in November 2021, the Addax acquisition ownership position was in murky waters. Seplat Petroleum Development Company Plc (''Seplat'' or the ''Company''), the parent of the Group, was incorporated on 17 June 2009 as a private limited liability company and re-registered as a public company on 3 October 2014, under the Company and Allied Matters Act 2004. Greenville is supplying LNG to customers in remote locations of Nigeria. This is the first time that Moody's has assigned ratings to Seplat. 6. The Nigerian National Petroleum Corporation owns 60% of the venture with Chevron having 20% and Texaco having the remaining 20%. 2. 3. With the approval-in-principal license for PSB, the proposed 5G deployment, and the recently diversified ownership structure which made MTN shares publicly available to the general public on December 1, 2021, these actions explain a positive outlook for the stock. Our Group Structure thus enables the Group's agenda to promote shared understanding, balanced allocation of responsibilities and effective monitoring of organisation output. Governance at MTN is structured in line with best practice and is substantially cascaded down to subsidiaries across the Group. The company registration number is SC364753, It's listed as Active. SEPLAT Plc Refutes Being Party to Cardinal Drilling Services Loan with Access . The proposed strategy will utilize the NipeX contracting platform to run the . Under Orjiako's chairmansh­ip of Seplat, the company has injected over $71 Million into providing services to host communitie­s. Access Bank Plc is a full service commercial bank operating through a network of over 80 branches and service outlets located in all major commercial centres and cities across Nigeria. Greenville also provides cryogenic storage tanks to the larger customers so that adequate stocks can be maintained for smooth operations. It looks like hedge funds own 5.7% of Seplat Petroleum Development shares. 1. Seplat Energy Plc- Invitation To Tender For The Provision Of Operations And Maintenance Support For National Oil Well Varco (NOV) Pumps Sets At Western Asset Locations (Amukpe, Oben And Sapele) . Therefore, the Total Nigeria plc, Lagos Seplat Energy PLC Head office 16A Temple Road Ikoyi Lagos Nigeria London Seplat Energy UK Ltd 4th Floor 50 Pall Mall London SW1Y 5JH United Kingdom Seplat Energy's $318m cash generation, huge capital investment drive shareholders' fortune. The big shareholder groups in Epsilon Energy Ltd. (NASDAQ:EPSN) have power over the company. 1. 5. acquired by Access Bank Plc) for which the latter has been unable to fully. Ithaca Energy Ltd (B/RWN, around 65kboepd) and around half of Seplat Petroleum Development . Oando's Board of Directors serve as the prudent fiduciary for shareholders and is responsible for proper management of the Company. Seplat has a 45 per cent working interest in OMLs 4, 38 and 41 which are located in Edo (OML 4) and Delta (OMLs 38 and 41) states onshore Nigeria. Seplat supplies gas to three power plants that are responsible for the 40 per cent of power supply in Nigeria and employs over 400 . 2004 2005 . The problem appears to be related to a dispute between Access Bank and. 2007 2006 . This, the stakeholders believe will ensure that there is a win-win situation for the nation, the producers and off-takers of Nigerian gas. 5. IP Group Plc is currently the largest shareholder, with 11% of shares outstanding. If the plan comes through, the ownership structure of the nation's petroleum assets will begin to change hands and subsequently the restive host region, which has for decades suffered economic . Every investor in Phillips Edison & Company, Inc. ( NASDAQ:PECO) should be aware of the most powerful shareholder groups. Key capabilities and services include: Petroleum exploration and production . Oando is the Nigerian oil marketer/ explorer that is the poster boy of convoluted ownership structure, opaque dealings and . In. The problem appears to be related to a dispute between Access Bank and. FIGI: BBG006G2Q158: Institutional Owners: 0 total, 0 long only, 0 short only, 0 long/short - change of % MRQ Overview; Chart; Owners . Seplat's Related Party Relationship with Cardinal Drilling Nigeria. Also, provide evidence of registration on NOGICD JQS. The Managing Director of GACN reports to the Board (which structure is as revealed above). The bid at 18.05 euros per share constitutes a premium of 27.7% over the last unaffected closing share price of . SEPLAT will communicate only with authorized officers of the qualifying bidders at each stage of the tender process, as necessary, and will NOT communicate through individuals or appointed agents. 4. Cardinal Drilling Nigeria Ltd over a loan taken from Diamond Bank Plc (since. which includes a 40 per cent operating ownership of four oil mining leases . Nigerian oil and gas company, Seplat Petroleum Development Company Plc has reiterated its commitment to stronger growth and improved returns to shareholders. We expect the share price of UACN to further increase, having risen by 34.44% to N6.05 as at Wednesday, September 11, 2019. 01.06.2021 press Release. The Board delegates its authority to committees with the mandate to deal with relevant governance . SEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Seplat under his leadership, has become a highly reputable Nigerian Independent recording several milestones and firsts; successfully closing landmark acquisitions, growing exponentially under a strong and transparent corporate governance framework. Conversely, insiders often decrease their ownership over time. Complex Group Structure: DTEK O&G is a part of larger group - DTEK B.V. group, which is a private energy corporation in Ukraine with main subsidiaries including DTEK Energy, DTEK Renewables (B-/Stable), DTEK O&G, DTEK Trading and other companies. . MTN remains a very good buy. Seplat Energy Share Chat. What is more, in 2014, Seplat became the first Nigerian company to acquire a UK-listed company, Eland Oil & Gas Limited. Seplat has agreed to pay $1,283 million plus a contingent consideration of up to $300 million. Seplat's Chairman, Dr. A.B.C. CARDINAL DRILLING Nigeria - Homepage. Nigerian oil and gas company Seplat Energy has inked an agreement to acquire ExxonMobil's subsidiary holding the company's shallow water assets off Nigeria in a bid to drive its growth strategy, forge a sustainable business, and achieve energy transition goals. Corporate structure and business. The proposed strategy will utilize the NipeX contracting platform to run the . Johnson Chukwu, in a telephone interview, said the current ownership structure of International . Ownership structure of MOL Plc. The 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 Seplat's 2P reserves and 2C resources base by 9.6% to 615 MMboe. ($4.28 billion) bid for minority holdings in struggling wind turbine unit Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares. How Healthy Is Seplat Petroleum Development's Balance Sheet? CARDINAL DRILLING Nigeria - Homepage. Seplat Energy has declared an interim dividend of 2.5 cents ($0.025) per ordinary share of N0.50k. Institutional Buyers: 0: Overview; Chart; Owners . Corporate structure and business . Seplat's debt financing of $825 million is fully committed by a syndicate of Nigerian and African banks, and energy and commodity traders. due to the fact that Seplat was listed in April, 2014, and Beco was listed in May, 2009. Net sales break down by family of products as follows: - crude oil (78.8%); - natural gas (21.2%). Aiteo is an integrated, total-solution energy company that extracts, transports, stores and distributes oil and gas products in the Nigerian, West African and international markets. 1. The outlook on the ratings is stable. The business wor ld and corporate Nigeria, especially the oil and gas industry, was literally lit and agog following the announcement by Seplat Energy Plc., a leading indigenous energy company listed on the Nigerian Exchange and the London Stock Exchange, and Exxon Mobil Corporation, Delaware, USA (ExxonMobil) that they had entered into an agreement for the Seplat to acquire the entire share . It is structured along Commercial Banking, Merchant Banking, Capital Markets, Trusteeship, and Insurance brokerage. Discovery of Onal in Gabon and Ocelote in Colombia Sale of M'Boundi and Kouakouala to ENI in Congo Entry into Peru. Please note, that data above do not fully reflect the ownership structure in the Share Register. by providing details of company ownership and shareholding structure (form C02 and COT). Also, we do not see any possible dilution of shareholders' stake in UAC despite the rights issue by UPDC as the 64% rights (N10.21 billion) to be taken up by UAC will fully be settled with the N15.84 billion intercompany . ELAND OIL & GAS LIMITED is a Private limited company (Ltd.) company based in 28 ALBYN PLACE ABERDEEN, United Kingdom, which employs 27 people. SEPLAT as an indigenous Exploration and Production Company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Content Development. Plc take over SEPLAT's head office premises. . Structure. Seplat 2019 Audited Report - Note 42, page 226. The company started trading on 28 August 2009. We supply LNG at the doorstep of our customers all year round in a steady manner. The shareholder may exercise its rights towards the company, if the shareholder is registered in the Share Register. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. At a 3-day Stakeholder's Engagement Review stakeholders agreed that the present producer-dominated structure with the nominal inclusion of buyers does not make GACN to be properly positioned to play beneficial roles to the owners, the industry and the nation. Many look for medium term catalysts that will. Generally speaking, as a company grows, institutions will increase their ownership. Retail Ownership Institutional Owners Net Long/Short Value Top Mutual Funds Top ETFs Buyers Sellers. Companies that used to be publicly owned tend to have lower insider . When the wind blows, the world would then clearly see the fowl's rump. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Every investor in Seplat Energy Plc ( LON:SEPL) should be aware of the most powerful shareholder groups. the family has built up their ownership stake in KCB Group over the years, from less . Access Bank Plc was incorporated in 1989 as a private limited liability company with ownership residing with Nigerians and Nigerian institutional investors. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. FMDQ Group PLC maintains an organisation philosophy that consistently aligns with the Group's strategy and global best practices, to ensure the actualisation of its vision. FBN Holdings Plc is a well-diversified and one of the largest financial services organisations in Africa. The company's entry level salary is between ₦6,000,000 - ₦9,000,000 per annum. This has been a contentious issue within the industry as the grouse has been that "non-producers of gas as well as the ownership structure of the Company skewed unfavorably against high productivity and returns that will benefit domestic industry . Underpinning Seplat is a strong balance sheet and profitable production base with a balanced mix of oil and gas. C&I Leasing had on Tuesday notified the Nigerian Stock Exchange and the investing public . On the plus side, Eland will add around 6,000-10,000 barrels of oil per day (bopd) of production and its complex structure means Seplat will get 45 per cent of cash from its production from an effective ownership of 20 per cent. The current directors of Oando PLC are as follows: Orjiako said the company would selectively invest in low risk oil production . 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. Executive and strategic leadership 2. . MERGERS & ACQUISITION IN NIGERIA. . 134GM Institutional Ownership - Seplat Energy Plc (XMUN) Stock. Plc take over SEPLAT's head office premises. SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC(ON BEHALF OF THE NPDC/SEPLAT JOINT VENTURE)TENDER OPPORTUNITY: PROVISION OF PERSONAL PROTECTIVE EQUIPMENT 1.