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Seplat says to drill two gas wells in 2020 as cash reserves hit $343m

… Maintains $120m capex, records $234m revenue

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced a cash increased to $343m despite lower revenues, for the six months ended 30 June 2020. The Company’s full-year capex of US$120m (US$86m already invested) would also include…

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