Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

26.25p
   
  • Change Today:
    -0.40p
  • 52 Week High: 40.20p
  • 52 Week Low: 19.35p
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 348,758
  • Market Cap: £342.85m
  • RiskGrade: 340

Savannah Petroleum submits pre-feasibility study to Niger authorities

By Josh White

Date: Friday 26 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Independent oil and gas company Savannah Petroleum announced on Friday that its Niger subsidiary, Savannah Niger, has submitted a pre-feasibility study to that country's Ministry of Energy and Petroleum in relation to its planned early production scheme on the R3 portion of the R3/R4 production sharing contract area of the Agadem Rift Basin, in South East Niger.
The AIM-traded firm said it had undertaken to prepare and submit the pre-feasibility study within 90 days of the signature of its memorandum of understanding with the Republic of Niger, as it announced on 8 August.

It said the memorandum affirmed the commitment of Savannah Niger and the Republic of Niger to realise a domestic-focused early production scheme using crude oil resources associated with the company's recent discoveries.

"The PFS sets out Savannah Niger's plans for the Amdigh-1 well test, resource volumes expected to be developed as part of the EPS and associated potential production profiles, as per the company's announcement of 28 September and as reviewed by Savannah's competent person, CGG Robertson," the Savannah board said in its statement.

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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
Change Today -0.40p
% Change -1.50 %
52 Week High 40.20p
52 Week Low 19.35p
Volume 348,758
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
82.3% below the market average82.3% below the market average82.3% below the market average82.3% below the market average82.3% below the market average
70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average
Price Trend
51.36% above the market average51.36% above the market average51.36% above the market average51.36% above the market average51.36% above the market average
38.64% above the sector average38.64% above the sector average38.64% above the sector average38.64% above the sector average38.64% above the sector average
Income
93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Growth
14.51% above the market average14.51% above the market average14.51% above the market average14.51% above the market average14.51% above the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 2
buy
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Savannah Energy Dividends

No dividends found

Trades for 09-Dec-2022

Time Volume / Share Price
11:21 3,377 @ 26.25p
11:21 4,780 @ 26.25p
11:21 220 @ 25.95p
11:21 4,780 @ 25.95p
11:21 19,000 @ 26.20p

Savannah Energy Key Personnel

CEO Andrew Knott

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