Savannah Petroleum (GB:SAVE) has released an update.
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Savannah Energy PLC has announced strong half-year results for 2024, with significant advancements in both hydrocarbon and renewable energy sectors. The company reported a 40% increase in total income to $233 million and a 3% increase in daily production, alongside major progress in renewable energy project development in Niger and Cameroon. Moreover, Savannah is set to enhance its Nigerian oil production and gas supply capabilities following the planned acquisition of SINOPEC’s upstream assets and a $45 million compression project.
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