Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

26.05p
   
  • Change Today:
    -0.60p
  • 52 Week High: 40.20p
  • 52 Week Low: 19.35p
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 602,138
  • Market Cap: £340.24m
  • RiskGrade: 340

Savannah Energy makes first gas sales to TransAfam's Nigerian power plants

By Iain Gilbert

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Independent energy company Savannah Energy's Accugas subsidiary has made its first gas sales to TransAfam Power in relation to the provision of gas for use at its power plants in Nigeria.
Savannah said on Tuesday that Accugas, an 80% indirectly owned subsidiary, had commenced sales to the Rivers State power plants following an interruptible gas sales agreement inked with TransAfam to supply up to 35.0m standard cubic feet of gas per day daily for an initial three-month period, with the option to extend for a mutually agreed period.

The AIM-listed group noted that the plant was connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi.

Chief executive Andrew Knott said: "I am delighted to report we have already begun first gas sales to TAPL, having signed an agreement at the beginning of this month. This will be the third customer we have commenced new gas supply to in the past month.

"We have now signed and operationalised GSAs with power plants comprising around 24% of the country's thermal generation capacity (up from 14% at the same time last year) demonstrating our dedication to the Nigerian industry and being the energy partner of choice."

As of 1005 BST, Savannah Energy shares were up 2.03% 35.20p.



Reporting by Iain Gilbert at Sharecast.com

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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 26.05p
Change Today -0.60p
% Change -2.25 %
52 Week High 40.20p
52 Week Low 19.35p
Volume 602,138
Shares Issued 1,306.10m
Market Cap £340.24m
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
12:30 9,186 @ 26.05p
12:30 330 @ 26.30p
12:30 3,055 @ 26.30p
12:30 2,499 @ 26.30p
12:30 50,000 @ 26.07p

Savannah Energy Key Personnel

CEO Andrew Knott

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