Seplat Energy restores 49 wells: what it means for Seplat Energy stock
Published on 10/13/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Seplat Energy restored 49 former ExxonMobil wells and plans 50 additional restorations in 2026.
- The company reported USD 979.3 million in second-quarter 2026 revenue and USD 125.7 million in net income.
- Seplat Energy's 2026 production guidance remains 135,000 to 155,000 barrels of oil equivalent per day.
- The latest available London price was GBp 819.00 on October 12, 2026.
Seplat Energy (ISIN NGSEPLAT0008) restored 49 former ExxonMobil wells and plans 50 additional restorations in 2026, according to BusinessDay on October 12, 2026. The program added 48,600 barrels of oil equivalent per day of gross production capacity in 2025, giving the new phase a measurable operational benchmark.
What the well program means
The second phase is designed to support output during 2026, although Seplat Energy said production additions per well are expected to decline as the idle-well portfolio matures. The company targets 135,000 to 155,000 barrels of oil equivalent per day for 2026, a midpoint increase of 10.00 percent from 2025 according to BusinessDay.
Three operating milestones
On October 12, 2026, the company reported 49 restored wells and a target of 50 further restorations. On July 31, 2026, second-quarter revenue reached USD 979.3 million, up 66.00 percent year over year, while net income was USD 125.7 million, according to Simply Wall St. On October 1, 2026, the same source reported an analyst target increase from GBP 6.65 to GBP 8.75 per share and unchanged production guidance.
The earnings comparison shows why the well program matters financially: second-quarter 2026 revenue was 66.00 percent higher than in the second quarter of 2025, while production and restored capacity provide the operating base behind that increase. The main counterweight is execution risk, because the company expects lower additions from later wells and remains exposed to oil prices, maintenance and export infrastructure.
Results date is October 28
Simply Wall St lists October 28, 2026 as the date for Seplat Energy's unaudited third-quarter results. That report will show whether the restored-well strategy is translating into production within the 135,000 to 155,000 barrels of oil equivalent per day guidance range.
London price remains below the yearly high
The latest available London quotation was GBp 819.00 on October 12, 2026 at 4:35 p.m. London time. The 52-week range was GBp 238.00 to GBp 892.00, placing the quotation GBp 73.00 below the high and 8.18 percent below that level.
The further course of trading is shown by the continuously updated real-time quote of Seplat Energy stock.
Seplat Energy stock at a glance
- Company: Seplat Energy Plc
- ISIN: NGSEPLAT0008
- Ticker: SEPL.L
- Primary exchange: LSE
- Last available London price: GBp 819.00 on October 12, 2026 at 4:35 p.m. London time
- Market capitalization: GBP 4.9 billion as of October 13, 2026
- 52-week range: GBp 238.00-892.00
- Sector / Industry: Energy / Oil and gas
- Next earnings date: October 28, 2026
Market context: Market report FTSE 100.
