Capital Access Group Flash Notes | Seplat Energy: 2Q26 results – Strong performance; SEPNU transaction
Seplat has reported a strong set of results for 1H26 reflecting a rebound in production QoQ and benefitting from strong liquids realisations including a notable premium to Brent. The quarterly dividend has been hiked to 12 cents and a full year dividend intention set at 45 cents In addition, the company has announced agreement to transfer 10% of its current 40% interest in SEPNU to NNPC, as previously indicated, for a headline transaction value of $281.6m representing approximately 25% of the gross transaction value of Seplat’s original deal with ExxonMobil. Roughly half of the proceeds will…
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