Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

26.20p
   
  • Change Today:
    -0.45p
  • 52 Week High: 40.20p
  • 52 Week Low: 19.35p
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 426,824
  • Market Cap: £342.20m
  • RiskGrade: 340

Savannah Petroleum reports solid progress on Seven Energy transaction

By Josh White

Date: Friday 28 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Niger and Nigeria-focussed oil and gas company Savannah Petroleum updated the market on its operations on Friday, reporting that it was now in the final stages of the ministerial consent process over the Seven Energy transaction.
The AIM-traded firm said "good progress" was being made on other transaction workstreams, including the finalisation of long-form documentation in relation to the AIIM Investments, the Accugas debt restructuring and the Frontier swap.

"Following receipt of ministerial consent, transaction completion will occur following the pre-agreed process set out in the legally-binding implementation agreement, which was signed in February by Savannah, Seven Energy International, certain other subsidiaries of Seven Energy, and certain of the creditors of the Seven Group," the Savannah board said in its statement.

"Completion will be followed in due course by the publication of a supplemental admission document.

"Further updates in relation to the transaction will be published as appropriate."

In Niger, Savannah said its planned Amdigh-1 well test was expected to be approved by Savannah Niger following the completion of the Seven Energy transaction.

"Timing of the commencement of the well test is expected to be contingent on the procurement of long-lead items necessary for well test operations.

"The company will provide an update on expected timing following completion of the transaction."

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 26.20p
Change Today -0.45p
% Change -1.69 %
52 Week High 40.20p
52 Week Low 19.35p
Volume 426,824
Shares Issued 1,306.10m
Market Cap £342.20m
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
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 09-Dec-2022

Time Volume / Share Price
11:48 954 @ 26.20p
11:48 2,110 @ 26.00p
11:48 25,000 @ 26.00p
11:47 50,000 @ 26.04p
11:33 2 @ 26.35p

Savannah Energy Key Personnel

CEO Andrew Knott

Top of Page