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 confirms Niger operations drilling start in H1 2017

By Andrew Schonberg

Date: Wednesday 15 Mar 2017

LONDON (ShareCast) - (ShareCast News) - Savannah Petroleum's shares have soared by almost a fifth after confirming its drilling operations in Niger are expected to begin during the first half of the year.
The company said it had signed a letter of award with Great Wall Drilling Company Niger SARL for GWDC Rig 89, this providing for a programme of three firm wells, and including options for a further six wells at Savannah's discretion.

"The rig is already in Niger, and drilling operations are expected to commence during the first half of this year," the company said in a statement.

Savannah also said purchase orders had been issued for certain well-related long-lead items (including casing and wellheads), which were required for its upcoming drilling campaign in the Agadem Rift Basin onshore Niger.

At 14:06 GMT, shares in AIM-listed Savannah were up 17.09% to 34.25p each.

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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
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Value
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Income Not Available
Growth
14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average14.17% 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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