Investor Presentaiton
9M 2020 PERFORMANCE HIGHLIGHTS
Seplat delivered production well within guidance and maintained a healthy cash balance despite low oil prices
A STRONG PERFORMANCE DESPITE CHALLENGING MARKET
40
KEY FIGURES
VOLUMES WITHIN GUIDANCE
50,653 boepd
(9M 2019: 47,163 boepd)
INTERIM DIVIDEND
> 50,653 boepd total
Production
well within
guidance
› Liquids 33,327 bopd
> Gas 100 MMscfd
(17,326 boepd)
Oil price
recovering
> $38.60/bbl realised
across 9M 2020
> Q4 hedging
1.5Mmbbl @ $30
0.5Mmbbl @ $35
US$0.05/share
(9M 2019: US$0.05)
STRONG CASH BALANCE
US$213m
(FY 2019: US$333m)
Focus on
cost reduction
and efficiency
Balance
> $8.73 opex cost per boe
> Negotiating at least 30%
savings from suppliers,
per Government request
> Repaid $100m debt
Capex
increased
sheet remains
strong
> NPDC receivables down
to $152m
Update on
major projects
> $0.05 interim dividend
declared at 9M 2020
> $109m invested to
underpin future revenues
> Focus on gas projects
> Non-essential capex
under review
> ANOH remains on schedule
for Q4 2021 first gas
› Amukpe-Escravos Pipeline
now expected in H2 2021
(project is not managed by Seplat)
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATIONView entire presentation