Seplat Energy Plc · LSE:SEPL
Seplat Energy — Investor Day (September 2025)
90 slides from Seplat Energy's investor day presentation, Sep 18, 2025
Slide 1: Building an African Energy Champion
SEPLAT ENERGY Building an African Energy Champion Capital Markets Day - 18 September 2025 Seplat Energy Plc
Slide 2: Safety moment
Safety moment Seplat Energy Plc 2 Capital Markets Day 2025
Slide 3: Welcome and Agenda
Welcome Agenda Roger Brown Chief Executive Officer Who we are: Building an African Energy Champion Our Roadmap to 2030: Maximising value to all Samson Ezugworie Chief Operating Officer stakeholders Nigeria: A land of opportunity Eleanor Adaralegbe Operations: Giant resource base to deliver o
Slide 4: Building an African Energy Champion
Building an African Energy Champion Roger Brown Seplat Energy Plc
Slide 5: Our Vision of Growth
Our Vision of Growth “The acquisition of MPNU has made Seplat a larger, stronger and more diversified company.” R. Brown, CEO The MPNU transaction is truly transformational for our Company Building an African energy champion Strong Clear Significant production pathway to operational growth into enha
Slide 6: Investment Case & Key Takeaways
Investment Case & Key Takeaways Transformational acquisition sets us on a path of growth and enhanced shareholder returns A giant resource base supports our ability to grow production and cash flow for enhanced shareholder returns Giant Resource Organic Production Base Growth 2.3 BN ~200 kboepd 2P +
Slide 7: Strategy & Positioning
Strategy & Positioning Scale, leadership and growth drive enhanced stakeholder prosperity. Protected by asset and infrastructure diversification SCALE: Proven, high-quality, predominantly operated assets (~95% of our reserves), generating material US$ based cash flow (92% 6M 2025 sales in USD) Focus
Slide 8: Delivering our Ambitions
Delivering our Ambitions All key quantifiable IPO targets achieved and exceeded Target at IPO By end 2014 At end 2024 100% Reserves 281 mmboe 2P 1,043 mmboe 2P replacement reserves reserves 85 kboepd gross operated ~280 kboepd operated oil 69 kboepd production and gas production Inorganic growth cen
Slide 9: Progress Since MPNU Completion
Progress Since MPNU Completion Seplat Energy 9 Plc Capital Markets Day 2025
Slide 10: Group Performance 6M 2025
Group Performance 6M 2025 Highly accretive transaction, financially and operationally Production & Operations 6M 2025 WI production Group revenue Offshore reaction to increased activity very positive 134.5 $1.4 Kboepd Billion Onshore operational performance strong; +178% vs. 1H 24 +231% vs. 1H
Slide 11: Offshore Performing From Day One
Offshore Performing From Day 1 Re-cap of ~9 months since deal closing Gross JV Production (kboepd): Growth in production underpinned by Where were we in Dec 2024? progress in idle well recovery programme 210 Limited insight into performance given Seplat Operator elongated closing period 177.5 Pr
Slide 12: Roadmap to 2030
Roadmap to 2030 Maximising Value to All Stakeholders Seplat Energy Plc
Slide 13: Roadmap 2030: Operational Scale
Roadmap 2030: Operational Scale High grading our strategic plan, emphasising high return oil, gas and NGL resources 2020- 2020- 2024 2026-2030 2024 2026-2030 NEW WELLS DRILLED CAPEX $0.9 Bn 49 120-150 ~$2.5-3.0 Bn GAS PROJECTS SANCTIONED OPEX 1 3 $1.0 Bn ~$3.5-4.0 Bn RESERVES PRODUCED 89 MMboe 300-3
Slide 14: Roadmap 2030: Total Shareholder Return
Roadmap 2030: Total Shareholder Return Giant resource base underpins production growth and increased distributions to shareholders GROW EARN RETURN TARGET WORKING INTEREST TARGET CUMULATIVE TARGET CUMULATIVE CASH PRODUCTION OPERATING CASH FLOW DIVIDEND ~200 $5.0-$6.0 ~$1.0 KBOEPD BILLION BILLION (eq
Slide 15: World Class Resource Base
World Class Resource Base Significant Potential Upside Seplat Energy15 Plc Capital Markets Day 2025
Slide 16: Giant Reserves Base
Giant Reserves Base Working interest reserves life of 21 years* underpins our growth ambitions 2P RESERVES 2C RESOURCES 2P + 2C BALANCED PORTFOLIO WEIGHTED TO OFFSHORE SIGNIFICANT SCALE TO OF RESERVES GAS UNDERPIN GROWTH 1,043 1,262 2,305 MMBOE MMBOE MMBOE (prev. 886 MMboe) (prev. 330 MMboe) (prev.
Slide 17: Offshore CPR Update
Offshore CPR Update Old Estimates New Estimates* Full description of gas, NGL and undeveloped discoveries Fuel Type (MMboe) (MMboe) New CPR Offshore Oil & Condensate Gas 316.9 42.8 445.3 66.7 Updated and improved long term development programme NGLs 35.0 39.7 Total 2P reserves 394.7 551.7 Full d
Slide 18: Drivers Behind the Changes
Drivers Behind the Changes Increased activity, improved reservoir performance, complete asset coverage Example 1: 2024YE (ERCE vs RSC) Rig & Well Count 30 14 Prior CPR based on sellers' development plan 12 Drilling ended in 2036 10 New CPR assume active development of the remaining 20 WELL COU
Slide 19: Offshore JV Reserves & Resources
Offshore JV Reserves & Resources Acquired resource base is mature, however with ~40% discovered resource yet to be produced there is material upside Gross JV basis CPR delineated a total remaining 2P + 2C of 4.4 BN Boe consisting of: 2.6 BN boe crude and condensate and NGL 10.3 TCF sales gas (
Slide 20: Reserve Base in Context of Europe E&P
Reserve Base in Context of Europe E&P Comparable resource base to large cap European independent E&P peer group Updated reserve and resource estimates imply a current trading valuation of ~$1.2/boe EV/2P+2C 2P & 2C RESERVES & RESOURCES (MMboe) – EU LARGE CAP E&P ENTERPRISE VALUE ($BN) – EU LARGE C
Slide 21: Nigeria: A Land of Opportunity
Nigeria A Land of Opportunity Seplat Energy21 Plc Capital Markets Day 2025
Slide 22: Why Nigeria
Why Nigeria video Seplat Energy Plc 22 Capital Markets Day 2025
Slide 23: Improving Domestic Macro Environment
Improving Domestic Macro Environment The oil & gas sector has rebounded strongly as economic conditions in Nigeria have improved INFLATION RATE (%): Headline inflation rate has resumed a downward trend due to OIL SECTOR GDP (%): Nigeria’s oil sector continues to stage strong rebound from exchange ra
Slide 24: The Nigerian Gas Opportunity
The Nigerian Gas Opportunity Nigeria’s electricity supply gap and abundant gas reserves underpin Nigeria’s gas opportunity The Case for Gas Nigeria’s current electricity demand outstrips supply 5x while projected demand for 2030 is 12x current supply Grid-based electricity supply represents only
Slide 25: Enablers Supportive Government Policies
Enablers Supportive Government Policies Rapid growth continues Oil Production Growth Efforts Decade of Gas Launch of the FG/NNPC’s “Project One Million Barrels Increase of Oil Per Day The increased focus on gas resources since launch of the “Decade of Gas” Initiative”. has aided recovery in gas
Slide 26: Seplat's Alignment to Nigeria's Future
Seplat’s Alignment to Nigeria’s Future Our growth ambitions will contribute to Nigeria’s future prosperity National Electricity FG’s Oil Production Target FG’s Gas Production Target Generation Target 3.0 8,500 mbpd 12.0 bscfd MW 1.7 7.9 bscfd 4,771 1.5 6.7 bscfd 4,388 mbpd MW mbpd MW Jun-23 Jun-25 2
Slide 27: Operations
Operations Giant resource base to deliver organic growth Samson Ezugworie Seplat Energy27 Plc
Slide 28: Our Business
Our Business Broad, diversified asset base. Important operator of upstream, midstream and export facilities in Nigeria “Everything we do in Seplat has a commercial focus – adding value and delivering returns to shareholders” - S.Ezugworie COO Assets Infrastructure Production Broad-based license port
Slide 29: A Proven Operator in Nigeria
A Proven Operator in Nigeria Track record of operating mature assets in Nigeria Oben GP Maximising value from Gross JV operated production +30% mature assets production post TAM in Aug ‘24 Active operator: We grow production through drilling, project delivery and community engagement. Our independ
Slide 30: Prioritising Safe Operations
Prioritising Safe Operations Investing in safety and asset integrity is fundamental to our values and key to delivering lasting stakeholder value HSSE Asset Integrity Production Assurance Operational Efficiency Over the long term, targeted investments in these key projects will sustain production, e
Slide 31: Operations Diverse and Resilient
Operations Diverse and Resilient Diverse resource base, diverse export routes and broad asset portfolio drives business resilience Oil liftings by terminal: 1H 2024: 5 main offtake points, 0% operated 1H24 7% 1% 14% Forcados Escravos Bonny Waltersmith Refinery OPAC Refinery 78% Oil liftings by termi
Slide 32: Growth to 200 kboepd by 2030
Growth to 200 kboepd by 2030 Significant organic growth potential from the enlarged asset base 2030 growth target led by: Upstream – business plan aims to increase production to >200 kboepd (WI, kboepd) Onshore growth from ANOH in near term Integrity & reliability investments to maximise uptim
Slide 33: Decarbonising our Upstream
Decarbonising our Upstream Taking our End of Routine flaring lessons offshore Onshore Consolidated Emission Intensity (kg CO2 per boe) – Operated Assets Onshore 35 33.2 32.3 31.1 31.8 30.6 Impact of End of Routine Flaring projects clearly seen in 30 23.0 2Q 2025 25 20 25% reduction in emissions
Slide 34: Delivering the Plan in 2025
Delivering the Plan in 2025 Maintenance and integrity dominates spend, while planning for future development Infrastructure Drilling Gas Reliability, Integrity and Reduced Continuous well activity for Commercialising gas resource Flaring growth and domestic LPG IGE replacement Idle well restorat
Slide 35: Key Operational Workstreams to 2030
Key Operational Workstreams to 2030 Robust capex plan to deliver value over the next five years and beyond 2026 2027 2028 2029 2030 2031 - 2035 Development Drilling (Oil & Gas Wells) Jisike Buffer Tanks Onshore Amukpe Storage Tanks Onshore Flowstation/Facilities Upgrade Sapele LTF & Gaslift Compress
Slide 36: Operations Summary
Operations Summary Preparing a foundation for long term growth Giant resource base provides visibility Drill-bit focused development of oil Gas projects drive growth beyond 2030 Safety first mindset supports uptime Sector leading 2P R/P ratio: 21 years Offshore decarbonisation plan Long term explora
Slide 37: Upstream Oil: Value Driver
Upstream Oil Value Driver Seplat Energy Plc
Slide 38: Onshore License & Asset Summary
Onshore License & Asset Summary Company making onshore assets Portfolio Summary 8 License interests (4 operated) 17 producing fields 3 gas processing facilities Diversified export infrastructure 6M25 WI 31 DEC 2024 WI 30 DEC 2024 WI PRODUCTION 2P RESERVES(1) 2P+2C RESOURCE(1) 54.8 492 576 kb
Slide 39: Onshore – Continued Activity
Onshore – Continued Activity Cash generating assets, drilling focused – on track to drill our 200th well by 2030 Cumulative well activity as operator (includes exploration, workover & Priorities & targets sidetrack wells) – 2030 drilling focus 30 250 Drilling focused development plan, with 4 rigs
Slide 40: Offshore
Offshore World class resource Oladotun Isiaka Seplat Energy Plc
Slide 41: Offshore License & Asset Summary
Offshore License & Asset Summary World class resource, closed loop infrastructure “MPNU has the resources; proven reservoirs in a world-class basin. We have the people; seasoned professionals that have run the operations for decades. What’s been missing is the right owner. The Portfolio Summary righ
Slide 42: Offshore – 6M 2025 Recap
Offshore – 6M 2025 Recap Rapid increase in activity paying early dividends Gross JV Production (kboepd): Enhanced operational focus 210 Step up in activity post completion Seplat Operator 177.5 Operations and maintenance activity supporting reduced downtime Idle well programme ahead of plan 170
Slide 43: Offshore - Subsurface
Offshore - Subsurface Proven world class nature of the resource World Class resource play Trap characterised by rapid deposition followed by limited tectonics Very young, thick sequence Large traps with limited faulting / uplift Structural and stratigraphic opportunities Migration and trap p
Slide 44: Offshore Projects – Integrity
Offshore Projects – Integrity Spending on safety and asset life extension key to optimising future value creation Our priority is to ensure safe operations and ensuring the installed infrastructure provides the foundation for future growth Integrity priorities known and understood, focus in the 2030
Slide 45: Offshore Projects – Idle Well Programme
Offshore Projects – Idle Well Programme Maximising idle well inventory with low cost pay back Strong success rate and performance to date 29 idle wells restored in 1H 2025 25.9 kbopd JV oil capacity added All restored wells flowing to-date Plan >20 wells in 2H2025 60+ wells each year from
Slide 46: Offshore Drilling – Focused on Infill Wells
Offshore Drilling – Focused on Infill Wells Multiple infill drilling locations identified License Target Well Count Targeting a multi-rig multi-year OML 67 25-30 drilling campaign OML 68 1-5 Contract in place for the first rig OML 70 30-40 - Commence drilling in 2026 OML 104 1-5 - Options to add a
Slide 47: Offshore – Satellite Field Development
Offshore – Satellite Field Development 20+ undeveloped discoveries across the license area, long duration upside potential Proven oil discoveries offer lower risk medium term growth potential Fields represent over 500 mmboe JV resource volumes Development to follow completion of idle well progra
Slide 48: Upstream Contribution to the Group
Upstream Contribution to the Group Volume growth for value Proven world-class resource Low-risk volume growth near term Attractive long term drilling programme Safety first mindset supports uptime Deep resource inventory Offshore decarbonisation plan supports long term growth Long term exploration u
Slide 49: Midstream Gas
Midstream Gas Nigeria’s Prosperity Okechukwu Mba Seplat Energy Plc
Slide 50: Gas Midstream – Engine of Growth
Gas Midstream – Engine of Growth Highly profitable, drives sustainability agenda, visible cash flows underpin dividend “Seplat has led from the front, developing domestic gas. The additional gas capacity offshore gives us line of sight to JV gas Gas as the engine of growth sales in excess of 1 Bcf/d
Slide 51: Significant Installed Capacity in Place
Significant Installed Capacity in Place Substantial nameplate gas production capacity in place across onshore & offshore assets Gas Plant JV Installed Production Significant gas processing facilities in place. As Capacity such, gas growth opportunities do not require Oben 465 MMscfd construction o
Slide 52: Gas Projects Unlock Sales Capacity
Gas Projects Unlock Sales Capacity Four gas plant projects to be completed by 2030, doubling group gas sales capacity Significant gas capacity supports production PROJECTED JV GAS PRODUCTION growth Onshore production to reach capacity with ANOH start up 461 Offshore project development underway
Slide 53: Onshore Gas – Maximising Capacity
Onshore Gas – Maximising Capacity Significant infrastructure investments approaching completion. Increased value creation ahead ANOH Gas Plant TARGETING JV JV INVESTMENT ANOH provides material growth opportunity onshore. Upon 2C RESERVES INCURRED 4.6 TCF ~$800m completion, it will add 300 MMscfd t
Slide 54: Oso-BRT Gas Plant Capacity Upgrade Phase 1
Oso-BRT Gas Plant Capacity Upgrade Phase 1 Debottlenecking Oso-BRT gas plant capacity to double gas sales capacity Targeting low-cost doubling of gas sales capacity Project underway, accessing significant resource Completion in 2026 Key Project Components Low-cost riser, piping and modificatio
Slide 55: Oso-BRT Phase 2 Pipeline
Oso-BRT Phase 2 Pipeline Pipeline construction to double Oso-BRT gas sales capacity to 480MMscfd, direct access to NLNG Targeting direct gas sales from offshore to NLNG Project pre-FID, target first gas in 2028 Double Oso-BRT gas sales capacity to 480 MMscfd Key Project Components New 54km, 20
Slide 56: Yoho Gas Development
Yoho Gas Development Monetize OML 104 gas through gas sales via FLNG Targeting development of far- offshore gas TARGETING JV Project pre-FID, target first gas in 2029 SALES CAPACITY 2C RESERVES Gas for LNG for export market 1.4 220 Key Project Components MMscfd Potential customer will construc
Slide 57: Gas Business Contribution to the Group
Gas Business Contribution to the Group The gas business diversification provides cashflow stability, fiscal benefits and stronger government relations Enhanced Scale From Offshore Gas Assets Gross JV gas sales potential of 1 Bcf/d by 2030 Significant, Stable Long-term Cashflow Strong Margins Diversi
Slide 58: Break
Break Seplat Energy58 Plc Capital Markets Day 2025
Slide 59: Sustainability and Social performance
Sustainability and Social performance Video Seplat Energy Plc 59 Capital Markets Day 2025
Slide 60: Financial Framework
Financial Framework Eleanor Adaralegbe Seplat Energy Plc 60
Slide 61: Seplat Energy's Track Record of Success
Seplat Energy’s Track Record of Success Successful capital allocation strategies have delivered >$700 million in dividends to shareholders INVESTED GENERATED REWARDED Capex deployed to grow strong FCF through the with consistent, material reserves and production commodity cycle ($m) dividends to sha
Slide 62: Financial Philosophy in Future Context
Financial Philosophy in Future Context Material increases in investment and shareholder returns INVEST DELIVER EARN DEPLOY CAPITAL FOR MAINTAIN FISCAL DISCIPLINE TOTAL SHAREHOLDER RETURN 5yr forecast 2026-30 GROWTH $3.5-4.0 billion production Optimise operations to Operating Cashflow (CFFO): o
Slide 63: Capital Allocation
Capital Allocation Efficient Deployment of Capital Seplat Energy Plc 63 2025 CAPITAL MARKETS DAY
Slide 64: Capital Allocation Philosophy
Capital Allocation Philosophy Growing Seplat Energy and delivering value to shareholders Oil & gas Cost resource Balance Steadfast focus on maintaining a strong Balance Sheet between 0.5- optimisation sheet monetization strength 1.5x through the commodity cycle. Sustainably finance our debt service
Slide 65: Capital Allocation Framework
Capital Allocation Framework Enlarged company to deliver a material increase in cash generation Historical CFFO & Capital Allocation Estimated CFFO & Capital Allocation Outlook 2020-2024 (5yr) 2026-2030 (5yr) ~$2.0bn at $75/bbl and $2.8/mscf ~2.5x growth ~$5.0-6.0bn at $65/bbl, $39/bbl NGL and $2.75
Slide 66: Capital Allocation Sensitivity
Capital Allocation Sensitivity Robust plan, delivers strong cash flows to support our business plan Cashflow sensitivity to price Sources & Uses of Cash 2026-2030 Annualised basis Cash flow sensitivity is approximately $160- 200 million for every $10/bbl move in the oil price (other prices fixed)
Slide 67: Financing the Plan
Financing the Plan Maintaining our strength Seplat Energy Plc 67 2025 CAPITAL MARKETS DAY
Slide 68: Balance Sheet Management
Balance Sheet Management Debt finance remains an important enabler of growth. Our priority is to maintain a strong balance sheet through cycle BALANCE SHEET PRIORITIES ROBUST LIQUIDITY CONSERVATIVE RELIABLE BORROWER LEVERAGE Maintain cash base of at least Maintain net leverage below Over $4.0
Slide 69: Strong Balance Sheet
Strong Balance Sheet Seplat takes pride in its robust balance sheet, good liquidity and strong relationships in debt capital markets Long dated maturity window. Near term maturities Low leverage maintained through past cycle supporting dividend growth. Outlook covered by available cash (at 30 July 2
Slide 70: Investing for Growth
Investing for Growth Positioning for a New Phase Seplat Energy Plc 70 2025 CAPITAL MARKETS DAY
Slide 71: Capital Expenditure Priorities/Framework
Capital Expenditure Priorities/Framework Investment needed to increase efficiency of our operations, deliver our 2P reserves and for growth in our strategic pillars CAPEX PRIORITIES & RANKING ASSET INTEGRITY*, GAS ORGANIC RESOURCE OIL MONETISATION SUSTAINABILITY MONETISATION GROWTH Non-discretiona
Slide 72: Capital Expenditure Guidance
Capital Expenditure Guidance Capex expected to increase as work programme accelerates Capex Ambitions: CAPEX history & outlook - $m Deliver production growth targets, focused on: Drilling 750 $2.5-3.0 billion Gas Infrastructure Preparing for post 2030 growth Deliver 2P reserves and develop
Slide 73: Cost and Taxes Framework
Cost and Taxes Framework Optimising Operations for Cost Savings Seplat Energy Plc 73 2025 CAPITAL MARKETS DAY
Slide 74: Cost Optimisation
Cost Optimisation Focus on optimisation, efficiency and value capture to drive unit opex back below $10/boe Significant benefits emerging from new scale Production Opex per boe outlook Enhanced negotiating position with local supply chain will aid strategic 16.0 contract renegotiations Cost opti
Slide 75: Corporate Breakeven
Corporate Breakeven Assets underpin our dividend commitment Corporate breakeven at ~$40/boe on a product blended basis Corporate breakeven made up of several cash 80 Plan Production components: Production Government take varies with price, other elements within 70 113 300-330 Seplat control MMboe
Slide 76: Tax Guidance
Tax Guidance Fiscal levers to enhance the benefit of investment in the offshore 2030 6M 2025 FY 2025 Estimate ETR outlook 91% <80% <60% (% of PBT) 2030 6M 2025 FY 2025 Estimate Cash tax outlook 28% <50% <40% (% CFFO) Tax Efficiency Levers Capital Expenditure Petroleum Industry Act Investing in Offsh
Slide 77: Shareholder Returns
Shareholder Returns Realisation of Value Seplat Energy Plc 77 2025 CAPITAL MARKETS DAY
Slide 78: New Dividend Policy
New Dividend Policy Raising our Commitment to Shareholders MINIMUM ANNUAL FCF LINKED DISTRIBUTION TARGET OUTCOME DIVIDEND VARIABLE WITH BUSINESS 2026-2030 CUMULATIVE CASH FIXED FOR CERTAINTY PERFORMANCE DIVIDEND AT LEAST 40% THROUGH THE CYCLE ~$1.0 BILLION $120 MILLION (2026-2030) PROVIDES VISIBILIT
Slide 79: Dividend Policy in Perspective
Dividend Policy in Perspective Affordable step up in dividend payments to drive value 250.0 200.0 Policy in Action FCF linked distribution to grow dividend over time as production increases and 150.0 capital-intensive phase subsides New minimum dividend of $120 $ million ANNUAL MINIMUM DIVIDEND
Slide 80: Finance Summary
Finance Summary Enhanced cash generation and shareholder returns Compelling cash generation outlook Balance sheet remains strong through the cycle Capex programme fully funded from operating cash PIA conversion onshore and offshore complete by end 2027 Enhanced dividend policy grows returns to share
Slide 81: Potential Divestment
Potential Divestment Seplat Energy Plc
Slide 82: Potential sell-down to NNPC
Potential sell-down to NNPC Discussions regarding potential sale of 10% interest in JV to our partner NNPC Ltd Background 40% WI 30% WI SEPNU-NNPC JV is one of the pre-eminent license offshore offshore areas in Nigeria NEW YE 2024 1,043 MMboe 906 MMboe Partner relations are strong, as evidenced
Slide 83: Closing Remarks
Closing Remarks Seplat Energy Plc 83 2025 CAPITAL MARKETS DAY
Slide 84: Seplat Energy's DNA
Seplat Energy’s DNA Proudly Nigerian, built for growth “Seplat originally set out to create a proud Stakeholder Relations Financial Prudence indigenous energy Proud indigenous energy company Strong balance sheet with broad company that had Highly skilled and experience staff, of access to Capi
Slide 85: Delivering our Roadmap 2030
Delivering our Roadmap 2030 Maximising world class resources to deliver ambitious growth targets Clear, well defined and stress tested plan Supported by a strong balance sheet which provides material financial flexibility Upgraded reserves & resources highlight the scale and transformative natur
Slide 86: Q&A
Q&A Seplat Energy Plc 86 2025 CAPITAL MARKETS DAY
Slide 87: Appendix
Appendix Seplat Energy Plc 87 2025 CAPITAL MARKETS DAY
Slide 88: Seplat Energy Group Board of directors
Seplat Energy Group Board of directors First Nigerian company to be listed on both the Premium Board of the NGX and the Main Market of the LSE Non-executive chairman Executive management Mr. Udoma Udo Udoma, CON Mr. Roger Brown Mrs. Eleanor Adaralegbe Mr. Samson Ezugworie Non-Executive Chairman Chie
Slide 89: Corporate structure today
Corporate structure today $300M $350M $650M Seplat $320M Advanced Revolving Senior Energy Plc Project Payment Credit Notes Financing Facility Facility 100% 100% 100% 100% 100% 100% 100% 100% 100% 50% Seplat Energy Seplat Energy Eland Oil Seplat East Seplat ANOH Gas Seplat East Newton Seplat Energy S
Slide 90: Global accountability and transparency
Global accountability and transparency Seplat Energy operates under global scrutiny and performs strongly against global rating standards Dual listing Diverse, international shareholder base Nigerian and global funds Only company dual listed on NGX Premium Board and LSE Main Market, African-focu