Member Info for Gwillerz79

Yes I've been watching too. Wesley Ter Haar is certainly a character

Hi Seatank. Agreed on Anoh and looking forward to it coming online. Fingers crossed we do get first gas in Q4 which will take production in excess of 60k bopd all things being equal.

I'm certainly also enjoying the articles on Tinubu too. Moving to more free market, less regulation etc. He is certainly saying the right things in terms of being more investor friendly. I've also only just realised he is an ex Exxon employee

Good question Tom.

Does anyone know also what MPNU actually produces? I know it was 95k net in 2020?

Given current production of 17,800 bpd and the hedging in place does anyone of an estimate of current level of Ebitda?

Thanks

Oops sorry forgot link

https://twitter.com/OpeBee/status/1666820486293254145?t=2iRJqMkmOltBHelw6QK1gQ&s=19

Thanks Seatank I'm getting that impression too. I also see Liam Mallon (exxon) met up with Tinubu a few days ago.

Wonder what was discussed?

Blakeley and his cohorts have destroyed shareholder value here on an epic scale. He and the CFO should resign immediately

Why is he still employed? He has overseen a complete ****show here?

Great article and to the point

https://twitter.com/LanceForman/status/1661617794675359744?t=3lagQyVXcQZzZ2guEoOhaA&s=19

This is quite interesting?

"In addition, the parties have revised the SSPA such that, in the event that applicable regulatory approvals are obtained and the Transaction closes, ExxonMobil would share in a portion of the value that would otherwise accrue to Seplat Energy in the period between the effective economic date and the completion date of the Transaction. The exact amount will depend on a number of factors, including production by MPNU and oil price. Except as disclosed herein, there has been no significant change in terms of the announcement dated 25 February 2022, and the headline consideration, effective date and the contingent payment structure remain unchanged."

Why are they giving money back to exxon and why bother with the change if it is unlikely to close? Any thoughts?

It's about time this judge was called out. How they got away with an ex parte hearing is beyond me

https://www.businessjournalng.com/seplat-seeks-disciplinary-action-against-justice-ekwo-cites-gross-abuse-of-judicial-power/?utm_source=dlvr.it&utm_medium=twitter

Better than I was expecting too. Happy with that and still pumping out very strong ebitda. The divi is much appreciated also.

Hi moneyman to be honest I'm not surprised at this and I'm expecting some excellent further growth in downloads moving forward in q2 onwards.

In the full year results they announced c36m unique listeners in Feb 23 and average monthly downloads across Jan and Feb of 122.2m

In the q1 trading Update they announced 38.2m unique listeners in March 23. This is a big increase of c1.7m to c2.2m unique listeners in 1 month alone.

In addition they advise average q1 downloads of 125.2m. Based on the fact of 122.2 over Jan and Feb this must mean March 23 alone was c131.2m downloads.

Both of these indicate to me subscribers and listerns are going extremely well.

When the ad market turns back up this will fly. With the volumes too it must be on several competitors radars

Does anyone have any estimates on here of h1 sales / ebitda?

Wow. Really happy with those. Revenue up, profit up, cash up and bet debt significantly down. The best things though I think are production back on track and the increased dividend guidance for the year and declared for the quarter.

Seatank. You have been advocating this quarterly divi increase would happen so well done!

Is out in force again today. Wonder if its Bonnier paying for his legal issues

Not sure if many others listened to it.

Early signs the eCPM has bottomed out and an upward projection from here. Downloads continue to grow as do unique listeners. Multi renewals of existing and new podcasters really strengthens the business.

Cash down at year end mainly due to upfront payments to podcasters (to be recovered) and late payments from customers at year end. Over $3m recovered shortly after March 31st.

I think they are well set up for a recovery in the market. I also liked the initiatives they are taking to grow eCPM internally. Thought Stuart and Brad came across well as usual.

Thanks seatank just done

Hi seatank yes please. Gwillerz@gwillerz78

Thanks

According to apollo of 240p. I assume the subsequent drop in WG sp indicates no deal....