Savannah’s interims confirm continued strong operational performance in Nigeria with 10% growth in Total Revenues and Adjusted EBITDA alongside lower net debt. Production has increased sharply in H2 and management is reiterating its FY22 guidance. Savannah is still working towards the completion of the Chad/Cameroon acquisitions, which is now expected by year-end. While the slippage in timing is frustrating, closure of the transactions will be transformational, more than doubling FCF and providi ....
30 Sep 2022
Savannah Energy - Interim results
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Savannah Energy - Interim results
Savannah Energy Plc (SAVE:LON) | 26.4 0 0.0% | Mkt Cap: 346.7m
- Published:
30 Sep 2022 -
Author:
Jonathan Wright -
Pages:
4
Savannah’s interims confirm continued strong operational performance in Nigeria with 10% growth in Total Revenues and Adjusted EBITDA alongside lower net debt. Production has increased sharply in H2 and management is reiterating its FY22 guidance. Savannah is still working towards the completion of the Chad/Cameroon acquisitions, which is now expected by year-end. While the slippage in timing is frustrating, closure of the transactions will be transformational, more than doubling FCF and providi ....