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IN BRIEF: Seplat Petroleum Interim Revenue Falls As Oil Prices Tumble

Wed, 29th Jul 2020 15:07

Seplat Petroleum Development Co PLC - Nigeria-based energy company - Revenue in six months to June 30 up 34% to USD233.5 million from USD355.1 million. Swings to pretax loss of GBP145.3 million from GBP120.4 million profit. Working interest production up 6.6% annually to 51,777 barrels of oil equivalent per day from 48,004. Average oil price down 45% to USD35.94.

Current stock price: 54.40 pence

Year-to-date change: down 56%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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