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Savannah Petroleum ( (GB:SAVE) ) has shared an announcement.
Savannah Energy PLC has successfully raised approximately £30.6 million through a subscription of new ordinary shares, marking a significant step in its strategic growth plans. This fundraising, alongside a new US$200 million hydrocarbon asset acquisition debt facility, positions the company to accelerate key business opportunities and manage subsidiary debt, strengthening its market position and benefiting stakeholders.
More about Savannah Petroleum
Savannah Energy PLC is a British independent energy company that focuses on delivering impactful projects. The company operates primarily in the energy sector, with a market focus on strategic investments and growth in Africa.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £344.5M
For detailed information about SAVE stock, go to TipRanks’ Stock Analysis page.