Savannah Energy PLC (SAVP.L) Share Price & News

Savannah Energy PLC is a leading African‑focused British independent energy company. We are incorporated in England and Wales and are listed on the AIM market of the London Stock Exchange. Our current operations are in Nigeria and Niger, where we are sustainably developing high‑quality, high‑growth projects in both countries.

In Nigeria, Savannah has a significant controlling interest in a large scale integrated gas production and distribution business which is currently supplying gas to enable over 10% of Nigeria’s thermal power generation and is significantly cash flow generative. In Niger, we have licence interests covering 13,655 km2, approximately 50% of the country’s main petroleum basin, the Agadem Rift Basin in the South East of the country1. To date we have delivered a highly successful exploration campaign in Niger with five discoveries from five wells across five oil fields. We have plans in place to deliver first oil production and revenues following the commencement of installation of an EPS by the end of 2021. Significant further potential on the Savannah PSC areas remains, with 146 further potential exploration targets having been identified for future drilling consideration.