Notice of full year 2015 financial results

RNS Number : 8199S

SEPLAT Petroleum Development Co PLC

22 March 2016

 

22 March 2016

Notice of full year 2015 financial results

Lagos and London, 22 March 2016: Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, today announces that it will issue its full year 2015 financial results on Thursday 24 March 2016.

At 09:00am GMT (London) and 10:00am WAT (Lagos) on Thursday 24 March, Austin Avuru (CEO), Stuart Connal (COO) and Roger Brown (CFO), will host a conference call and webcast to present the Company's results. A separate call for US investors will be held at 09:00am EST (US), 02:00pm GMT and 03:00pm WAT.  Access details for both calls will be provided on the day of results.

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Enquiries:

Seplat Petroleum Development Company Plc
Andrew Dymond, Head of Investor Relations	[phone]
FTI Consulting
Ben Brewerton / Sara Powell / George Parker / James Styles	[phone]
	[e-mail]

 

Notes to editors

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL) and Nigerian Stock Exchange ("NSE") (NSE:SEPLAT).

In July 2010, Seplat acquired a 45 percent participating interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases in the Niger Delta (OMLs 4, 38 and 41), which includes the producing Oben, Ovhor, Sapele, Okporhuru, Amukpe and Orogho fields.  Since acquisition, Seplat has more than tripled production from these OMLs. 

In June 2013, Newton Energy Limited, a wholly-owned subsidiary of the Company, entered into an agreement with Pillar Oil Limited to acquire a 40 percent participating interest in the Umuseti/Igbuku marginal field area within OPL 283.   In February 2015, Seplat completed the acquisition of a 40 percent operated working interest in OML 53 and a 22.5 percent operated effective working interest in OML 55, Onshore Nigeria.

Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.  For further information please refer to the company website, http://seplatpetroleum.com/. 

 

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