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 gears up for maiden drilling programme

By Iain Gilbert

Date: Monday 12 Mar 2018

LONDON (ShareCast) - (ShareCast News) - AIM-quoted oil and gas company Savannah Petroleum has completed construction of the first well pad on the R3 portion of its Agadem Basin operations in south-east Niger, taking the company one step closer to kicking off its maiden drill programme in the West African nation.
Construction of the Bushiya well pad was completed last month, with Savannah moving more than 100 workers to the site, including a rig crew and supervisors in order to prepare the location for spudding.

In preparation for the rest of the drilling campaign, well pad construction at Savannah's second well, Amdigh, was over 20% complete, with civil work operations at the site expected to be complete by the end of March.

Andrew Knott, chief executive of Savannah Petroleum, said, "We are delighted to be on the cusp of commencing our maiden drilling operations in Niger, which represents the culmination of thousands of man-hours of technical and operational work. The drilling campaign has the potential to be transformational for both Savannah and the local communities in which we are operating."

Savannah assessed a total mean unrisked recoverable resource of 110m barrels of oil across the three targets.

As of 0840 GMT, shares had picked up 2.67% to 29.98p.

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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
52.45% below the market average52.45% below the market average52.45% below the market average52.45% below the market average52.45% 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
52.45% below the market average52.45% below the market average52.45% below the market average52.45% below the market average52.45% 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
13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average13.89% 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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