Savannah’s Nigerian business continues to deliver strong and consistent operating performance; however, the interims were heavily impacted by the Naira harmonisation since mid-June. The Petronas South Sudan RTO is progressing, although publication of the Admission Document and the resumption of trading has slipped into Q4. Our forecasts remain under review ahead of this publication. This is a very substantial transaction for Savannah, especially at US$90+/bbl oil prices, which will be transforma ....

29 Sep 2023
Savannah Energy - Interim results

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Savannah Energy - Interim results
Savannah Energy Plc (SAVE:LON) | 7.2 0 (-2.1%) | Mkt Cap: 116.4m
- Published:
29 Sep 2023 -
Author:
Jonathan Wright -
Pages:
5 -
Savannah’s Nigerian business continues to deliver strong and consistent operating performance; however, the interims were heavily impacted by the Naira harmonisation since mid-June. The Petronas South Sudan RTO is progressing, although publication of the Admission Document and the resumption of trading has slipped into Q4. Our forecasts remain under review ahead of this publication. This is a very substantial transaction for Savannah, especially at US$90+/bbl oil prices, which will be transforma ....