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SEPLAT Petroleum Development ( (GB:SEPL) ) has issued an announcement.
Seplat Energy’s subsidiaries Seplat West Limited and Seplat East Onshore Limited have completed the conversion of their operated onshore assets from the Petroleum Profit Tax regime to the fiscal framework of Nigeria’s Petroleum Industry Act, covering former OMLs 4, 38, 41 and 53, which accounted for roughly 31% of group production in the first nine months of 2025. Following completion of technical and regulatory steps with the Nigerian Upstream Petroleum Regulatory Commission, including the issuance of new Petroleum Mining Lease and Petroleum Prospecting License numbers, operations under the new regime are expected to start on 1 January 2026, a move the company says was already embedded in its medium-term guidance and is expected to enhance profitability, cash-flow margins and support further investment and production growth, while it continues to work toward converting its offshore assets by 2027.
The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.
Spark’s Take on GB:SEPL Stock
According to Spark, TipRanks’ AI Analyst, GB:SEPL is a Outperform.
SEPLAT Petroleum Development’s strong financial performance and attractive valuation are the main strengths, supporting a solid overall score. Technical indicators suggest potential bearish momentum, which slightly offsets the positive financial and valuation aspects.
To see Spark’s full report on GB:SEPL stock, click here.
More about SEPLAT Petroleum Development
Seplat Energy Plc is Nigeria’s leading indigenous energy company, listed on the Nigerian Exchange and London Stock Exchange, with a portfolio of eleven oil and gas blocks in onshore and shallow water locations in the Niger Delta. The company operates alongside the Nigerian government and other producers, runs export terminal interests including Qua Iboe and Yoho FSO, and manages gas processing plants at Oben and Sapele, with a new 300 MMscfd ANOH plant set to reinforce its role as a key supplier of natural gas to Nigeria’s domestic power generation market.
Average Trading Volume: 143,270
Technical Sentiment Signal: Buy
Current Market Cap: £1.52B
For an in-depth examination of SEPL stock, go to TipRanks’ Overview page.