27 Mar 2023

Savannah Energy - Chad upstream business nationalised

Savannah Energy Plc (SAVE:LON) | 0 0 0.0% | Mkt Cap: 345.1m

- Jonathan Wright
- 8 pages

The Republic of Chad has nationalised the upstream assets Savannah recently acquired from ExxonMobil. While disappointing, Savannah remains highly free cash flow generative, an attribute the approaching completion of Petronas’s South Sudan oil business is set to boost further.

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Savannah Energy - Chad upstream business nationalised

Savannah Energy Plc (SAVE:LON) | 0 0 0.0% | Mkt Cap: 345.1m

Published: 27 Mar 2023
Author: Jonathan Wright
Pages: 8

The Republic of Chad has nationalised the upstream assets Savannah recently acquired from ExxonMobil. While disappointing, Savannah remains highly free cash flow generative, an attribute the approaching completion of Petronas’s South Sudan oil business is set to boost further.