Capital Access Group Flash Notes | Seplat Energy: 3Q/9M26 results – Heading for a stellar year
Despite some headwinds, Seplat reported a strong set of results for the period to September and is on track for a stellar year. Production continues to increase quarter-on-quarter with production guidance narrowed up to 145-155kboed, at the upper end of the previous guidance range (135-155kboed). Despite a substantial underlift and negative working capital, net debt was reduced to US$234.9m and leverage cut to 0.14x with the Advance Payment Facility subsequently paid off and cancelled, meaning all debt raised to acquire MPNU in 2024 has now been repaid. The company announced a total dividend…
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