We have updated our corporate model for the string of announcements relating to additional gas sales agreements in Nigeria and renewable power projects over the past few months. We have also raised near-term oil price forecasts and now include the expected R3 East development in Niger within our numbers. These drive material upgrades to 2023 earnings and cash flow forecasts and boost our risked NAV and price target by 26% to 109p/sh. The expected close of Savannah’s Chad/Cameroon acquisitions is ....
15 Jul 2022
Savannah Energy - Billion-dollar baby
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Savannah Energy - Billion-dollar baby
Savannah Energy Plc (SAVE:LON) | 26.4 0 0.0% | Mkt Cap: 346.7m
- Published:
15 Jul 2022 -
Author:
Jonathan Wright -
Pages:
18
We have updated our corporate model for the string of announcements relating to additional gas sales agreements in Nigeria and renewable power projects over the past few months. We have also raised near-term oil price forecasts and now include the expected R3 East development in Niger within our numbers. These drive material upgrades to 2023 earnings and cash flow forecasts and boost our risked NAV and price target by 26% to 109p/sh. The expected close of Savannah’s Chad/Cameroon acquisitions is ....