External broker reports(aggregated public sources), CardinalStone

CardinalStone

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Equity Bottom-Up

<ul><li>Seplat Energy Plc (SEPLAT) reported a revenue decline of 22.9% YoY in its H1'24 unaudited results due to lower crude lifted (-30.7% YoY to 4.2MMbbls) and lower gas production volumes (-8.5% YoY to 19.8 Bscf) during the period, after adjusting for the impact of the timing of liftings, which was exacerbated by the over-lift ($75.0 million) recorded in Q1'23.</li><li>Nevertheless, we maintain confidence that SEPLAT will achieve Working Interest (WI) production levels of 50,000 boepd for FY 2024, supported by the growth in the company's assets.</li><li>Notably, the Sibiri 1 &amp; 2 wells were delivered during the first half of the year, contributing a combined production rate of approximately 3,000 boepd, with further increases anticipated throughout the year.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Seplat Energy Plc (SEPLAT) reported a revenue decline of 22.9% YoY in its H1'24 unaudited results due to lower crude lifted (-30.7% YoY to 4.2MMbbls) and lower gas production volumes (-8.5% YoY to 19.8 Bscf) during the period, after adjusting for the impact of the timing of liftings, which was exacerbated by the over-lift ($75.0 million) recorded in Q1'23.Nevertheless, we maintain confidence that SEPLAT will achieve Working Interest (WI) production levels of 50,000 boepd for FY 2024, supported by the growth in the company's assets.Notably, the Sibiri 1 &amp; 2 wells were delivered during the first half of the year, contributing a combined production rate of approximately 3,000 boepd, with further increases anticipated throughout the year.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Seplat Energy Plc - MPNU Deal Set to Be Completed in FY’24

Nigeria

SEPLAT Energy PLC is an oil and gas exploration and production company. The Company focuses on Niger Delta area of Nigeria.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SEPLAT Energy (SEPLAT NL)

Seplat Energy Plc - MPNU Deal Set to Be Completed in FY’24

Seplat Energy Plc (SEPLAT) reported a revenue decline of 22.9% YoY in its H1'24 unaudited results due to lower crude lifted (-30.7% YoY to...

CardinalStone

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)