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An update from SEPLAT Petroleum Development ( (GB:SEPL) ) is now available.
Seplat Energy has completed its acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil. This transformative transaction more than doubles Seplat’s production capacity and positions the company for significant growth and profitability, while contributing to Nigeria’s economic prosperity. The acquisition enhances Seplat’s asset portfolio, providing opportunities to increase oil and gas production, reduce costs and emissions, and maximize stakeholder value. The company’s shares will be readmitted to trading on the London Stock Exchange following the completion of the acquisition.
More about SEPLAT Petroleum Development
Seplat Energy Plc is Nigeria’s leading indigenous energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange. The company focuses on a Nigeria-centric growth strategy, participating in asset divestments, farm-in opportunities, and future licensing rounds. It is a major supplier of gas to the domestic power generation market.
YTD Price Performance: 55.52%
Average Trading Volume: 363,306
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.06B
For a thorough assessment of SEPL stock, go to TipRanks’ Stock Analysis page.
