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 spuds third well in Niger campaign

By Iain Gilbert

Date: Friday 22 Jun 2018

LONDON (ShareCast) - (Sharecast News) - West African focused independent oil and gas company Savannah Petroleum has spudded the third well in its current Niger drilling campaign.
Kunama-1, located on the R3 portion of the Agadem Basin, has been designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target, with the secondary target being potential oil pay in the Eocene Upper Sokor being considered as an upside to Savannah.

Savannah's has assessed the project's total mean unrisked recoverable resources at 35m barrels of oil.

Drilling at Kunama is expected to take around 30-35 days.

If successful, the well will then be suspended for future re-entry and further evaluation, which could include well testing and completion using a dedicated testing/workover rig.

As of 0840 BST, Savannah shares had dipped 1.67% to 29.50p.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page