Average gross production in 1Q25 was 23.6kboepd, (1Q24: 24.1kboepd). 1Q25 total revenues of US$73.3m are a 19% YoY increase (1Q24: US$61.4m). Cash collections in 1Q25 were US$124.8m, a 6% increase YoY (1Q24: US$117.7m). Cash balances at the end of the period was US$110.4m (YE24: US$32.6m) and net debt stood at US$597.8m (YE24: US$636.9m). Since completion of the SIPEC acquisition, production at Stubb Creek has increased by 15%, and 2P oil reserves have been upgraded by 29%. The planned Uquo Fiel ....

19 May 2025
Savannah Energy - Good progress in 1Q25, reserves update at Stubb Creek

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Savannah Energy - Good progress in 1Q25, reserves update at Stubb Creek
Savannah Energy Plc (SAVE:LON) | 6.6 0 11.7% | Mkt Cap: 105.9m
- Published:
19 May 2025 -
Author:
James McCormack | James Midgley -
Pages:
6 -
Average gross production in 1Q25 was 23.6kboepd, (1Q24: 24.1kboepd). 1Q25 total revenues of US$73.3m are a 19% YoY increase (1Q24: US$61.4m). Cash collections in 1Q25 were US$124.8m, a 6% increase YoY (1Q24: US$117.7m). Cash balances at the end of the period was US$110.4m (YE24: US$32.6m) and net debt stood at US$597.8m (YE24: US$636.9m). Since completion of the SIPEC acquisition, production at Stubb Creek has increased by 15%, and 2P oil reserves have been upgraded by 29%. The planned Uquo Fiel ....