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Savannah Petroleum ( (GB:SAVE) ) has issued an update.
Savannah Energy PLC has completed its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited, enhancing its reserves and resources by approximately 30%. This acquisition is expected to significantly boost Savannah’s net asset value and production capacity at the Stubb Creek oil & gas field, with plans for an 18-month expansion program to increase production and secure additional gas resources for sale.
More about Savannah Petroleum
Savannah Energy PLC is a British independent energy company focused on delivering impactful projects in Africa.
YTD Price Performance: -60.76%
Average Trading Volume: 64,934,975
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £165.9M
Learn more about SAVE stock on TipRanks’ Stock Analysis page.