Market Reaction: Slightly positive on the better than expected condensate yield leading to high production levels and the deal with NPDC to address receivables. The high gas price achieved in the latest gas contract is also encouraging. These offset high downtime and high receivables in 2Q15. We anticipate that investors will need to see how the NPDC deal effectively works before returning to the name.

28 Jul 2015
1H15 RESULTS - DEAL WITH NPDC TO OFFSET RECEIVABLES AGAINST SHARE OF FUTURE GAS REVENUE

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1H15 RESULTS - DEAL WITH NPDC TO OFFSET RECEIVABLES AGAINST SHARE OF FUTURE GAS REVENUE
Seplat Energy PLC (SEPL:LON) | 264 10.5 1.5% | Mkt Cap: 1,581m
- Published:
28 Jul 2015 -
Author:
Stephane Foucaud -
Pages:
3 -
Market Reaction: Slightly positive on the better than expected condensate yield leading to high production levels and the deal with NPDC to address receivables. The high gas price achieved in the latest gas contract is also encouraging. These offset high downtime and high receivables in 2Q15. We anticipate that investors will need to see how the NPDC deal effectively works before returning to the name.