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SEPLAT Petroleum Development ( (GB:SEPL) ) just unveiled an update.
Seplat Energy Plc announced the re-admission of its 588,444,561 ordinary shares to the equity shares segment of the Financial Conduct Authority’s Official List and trading on the main market for listed securities of the London Stock Exchange. This move, following the acquisition of Mobil Producing Nigeria Unlimited, enhances Seplat’s market presence and positions it strategically in the energy sector, potentially impacting stakeholders by solidifying its operational capacity and market influence.
More about SEPLAT Petroleum Development
Seplat Energy Plc is Nigeria’s leading indigenous energy company, listed on the Nigerian Exchange Limited and the London Stock Exchange. The company focuses on a Nigeria-centric growth strategy, aiming to capitalize on asset divestments by international oil companies, farm-in opportunities, and licensing rounds. It is a major supplier of gas to the domestic power generation market.
YTD Price Performance: 68.05%
Average Trading Volume: 367,508
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.14B
Learn more about SEPL stock on TipRanks’ Stock Analysis page.
