Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

 26.25p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 40.20
  • 52 Week Low: 19.35
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 0
  • Market Cap: £342.85m
  • RiskGrade: 340

Savannah Petroleum raises $36m in share placing

By Michele Maatouk

Date: Friday 10 Jul 2015

LONDON (ShareCast) - Oil and gas company Savannah Petroleum has successfully placed a total of 61.7m shares at 38p per share, raising gross proceeds of around $36m to finance the acquisition of additional acreage in Niger.
The placing shares issued represent approximately 47% of the company's existing issued share capital and the shares are to be issued in two tranches.

A first tranche of just under 43.8m shares will be issued immediately following settlement on 13 July 2015, raising gross proceeds of approximately $26m.

A second tranche of 17.9m shares will be issued on or before 3 August 2015, subject to shareholder approval.

RBC Capital Markets said: "Acquiring acreage at this stage - ahead of growth in interest in onshore plays - makes sense."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Savannah Energy Market Data

Currency UK Pounds
Share Price 26.25p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 40.20
52 Week Low 19.35
Volume 0
Shares Issued 1,306.10m
Market Cap £342.85m
RiskGrade 340

Savannah Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.58% below the market average51.58% below the market average51.58% below the market average51.58% below the market average51.58% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Value
51.58% below the market average51.58% below the market average51.58% below the market average51.58% below the market average51.58% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Income Not Available
Growth
14.02% above the market average14.02% above the market average14.02% above the market average14.02% above the market average14.02% above the market average
13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Savannah Energy Dividends

No dividends found

Trades for --2023

Time Volume / Share Price
0 @ 0.000p

Savannah Energy Key Personnel

CEO Andrew Knott

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