BRIEF-Seplat Petroleum Development Company Says FY Revenue Of $698 Mln Down 6.5% On Lower Production And Oil Price

Published 23/03/2020, 09:59
Updated 23/03/2020, 10:00
© Reuters.

March 23 (Reuters) - Seplat Petroleum Development Company
PLC SEPLAT.LG :
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC - FY REVENUE OF
US$698
MILLION DOWN 6.5% ON LOWER PRODUCTION AND OIL PRICE
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC - FY PROFIT
BEFORE
DEFERRED TAX OF US$270 MILLION, UP 13.4%
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC - EXPECTED
PRODUCTION
OF 47-57 KBOEPD (INC. ELAND 6-10KBOPD) FOR FULL YEAR, SUBJECT TO
MARKET CONDITIONS
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC -
1.5MMBBLS/QUARTER
HEDGED AT US$45/BBL FROM Q1 TO Q3 2020
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC - LOW COST OF
PRODUCTION ENABLES PROFITABILITY AT LEVELS BELOW CURRENT OIL
PRICE
* SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC - 2020 EXPECTED
CAPEX
OF US$100 MILLION; US$50 MILLION OF WHICH SPENT IN YTD
* SEPLAT PETROLEUM DEVELOPMENT COMPANY - ANNOUNCES A FINAL
DIVIDEND AT A RATE OF US$0.05 (UNITED STATES FIVE CENTS) PER
ORDINARY SHARE

Source text for Eikon: ID:
Further company coverage: SEPLAT.LG

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