Ten years after its initial public offer (IPO) which was held in 2014, Seplat Energy has generated $1.7 billion in free cash flow and invested over $57million to support community projects focused on healthcare, education and empowerment.
These were disclosed by Roger Brown, Chief Executive Officer, Seplat Energy, at a press briefing marking the oil company’s 10-year anniversary of dual listing at the Nigerian Stock Group (NXG) and the London Stock Exchange (LSE) in Lagos on Thursday.
Brown explained that Seplat Energy has made a significant progress post-IPO, acquiring eight onshore blocks in the Niger Delta and generating an average annual FCF of $264m.