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The latest update is out from Savannah Petroleum ( (GB:SAVE) ).
Savannah Energy PLC announced its unaudited results for the fiscal year 2024, highlighting a 21% increase in 2P Reserves at the Uquo field in Nigeria. The company achieved record cash collections and reported significant financial growth, with total income reaching $393.8 million. Key developments include the completion of the SIPEC acquisition, expansion projects, and a strong focus on sustainability with a notable reduction in carbon intensity. These advancements position Savannah Energy for increased production capacity and financial stability, benefiting stakeholders and enhancing its market presence.
More about Savannah Petroleum
Savannah Energy PLC is a British independent energy company focused on delivering impactful projects, primarily in the oil and gas sector. The company operates in Nigeria and is involved in the exploration and production of hydrocarbons, with a significant emphasis on gas production.
Average Trading Volume: 2,784,772
Technical Sentiment Signal: Sell
Current Market Cap: £99.86M
See more insights into SAVE stock on TipRanks’ Stock Analysis page.