RNS Number: 5631 A Savannah Energy Plc 02 June 2021. Savannah Energy PLC, the African-focused British independent energy company sustainably developing.
RNS Number: 2634 A Savannah Energy Plc 28 May 2021 28 May 2021. Savannah Energy PLC, the African-focused British independent energy company sustainably.
FY 2020 Preliminary Annual Results Savannah Energy PLC ( Savannah or the Company ), the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, is pleased to announce its unaudited preliminary results for the year ended 31 December 2020. A copy of the Annual Report and Accounts will be finalised and posted to Shareholders shortly and a separate notification made in this regard. Andrew Knott, CEO of Savannah Energy, said: 2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics. Total Revenues[1] and cash collections rose for the fifth consecutive y
Customer Benefits include 40% Saving in Energy Costs and 30% Reduction in Carbon Footprint[1] Savannah Energy PLC ( Savannah or the Company ), the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, is pleased to announce that its Accugas subsidiary has entered into a new gas sales agreement ( GSA ) with Mulak Energy Limited ( Mulak ). The GSA is initially for a seven-year term. It envisages the supply of gas produced by Savannah s majority-owned Uquo field for an initial two-year period on an interruptible basis (the Interruptible Gas Delivery Period ) and the subsequent five years on a firm contract basis (the Firm Delivery Period ). During the Interruptible Gas Delivery Period, Mulak is able to nominate a maximum daily quantity of up to 2.5 MMscfpd. Volumes in the Firm Delivery Period will be agreed by the parties before the end of the Interruptible Gas Deliv