Seplat Power Plc has introduced to the general public and the NGX that its Chief Government Officer and Government Director, Mr. Roger Brown, has acquired 50,000 unusual shares within the firm.
This info was disclosed on the NGX on March 12, 2025, and signed by the corporate secretary, Mrs. Edith Onwuchekwa.
With this latest buy price about N285 million, Mr. Brown now holds a complete of 4,203,776 shares, rising his voting curiosity within the firm.
In response to the disclosure, this stake represents roughly 0.7144% of the overall voting curiosity, primarily based on the issued share capital of 588,444,561 shares.
The announcement confirms that this transaction complies with the related laws, stating:
‘’This notification is made in accordance with Rule 17.15(c) Disclosure of Dealings in Issuers’ Shares, Rulebook of the Change, 2015 (Issuers’ Rule), and Article 19(3) of the UK Market Abuse Laws.’’
Market pattern
Within the latest previous years, SEPLAT has maintained an upward pattern on the Nigerian Inventory Change.
- In 2024, shares of the corporate attained a year-to-date efficiency of 146.8%.
- Nevertheless, thus far in 2025, worth motion has stalled, with SEPLAT presently buying and selling at N5,700.
Elevated manufacturing
Seplat Power Plc lately reported an 11% enhance in complete manufacturing following the acquisition of Mobil Producing Nigeria Limitless (MPNU), which has now been renamed Seplat Power Producing Nigeria Limitless (SEPNU).
- In response to the report, Seplat’s onshore belongings averaged 48,618 barrels of oil equal per day (boepd) in 2024, a 2% enhance from the 47,758 boepd recorded in 2023.
- The combination of SEPNU contributed an annualized common of 4,329 kboepd, bringing complete manufacturing to 52,947 boepd.
Following the acquisition, Seplat’s independently audited 2P reserves elevated by 85% to 886 million barrels of oil equal (MMboe), up from 478 MMboe in 2023.
The corporate’s complete 2P+2C reserves additionally rose by 125% to 1,217 MMboe.
- For 2025, Seplat Power has set a manufacturing goal of 120-140 kboepd, with expectations that Seplat Onshore will contribute 48-56 kboepd and SEPNU will present 72-84 kboepd.
- Preliminary capital expenditure (capex) steering is projected between $260 million and $320 million, aimed toward funding 13 new onshore wells and offshore initiatives, together with the alternative of an inlet fuel exchanger on the East Space Venture (EAP) NGL challenge.
Seplat Power’s Chief Government Officer, Roger Brown, famous that 2024 was a major 12 months for the corporate, significantly because of the SEPNU acquisition. “Along with progressing our present onshore initiatives, we accomplished the acquisition of SEPNU, which provides scale and potential for development.”
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