Savannah Energy

Savannah Energy recorded cash receipts of $247.9m (+13%) and revenue of $160.6m (+10%) for the first seven months to 31 July. Receivables fell 22% to $394.6m; cash increased to $62m and net debt stood at $672m. In July, Savannah brought gas production from Uquo 13 online (≈50 million standard cubic feet/day); Stubb Creek raised average gross daily production by 29% to 3,700 barrels/day (July >5,000). Group BRPD was 16,300 boe/day, with a 2026 target of 18,000–20,000 boe/day. The credit facility for Stubb Creek was increased to $130m, extended to August 2031 and the margin reduced to 7.5%. Subsidiaries have initiated arbitration against the government of Chad for more than $775m; share trading remains suspended pending publication of the 2025 annual report. » Más en de.investing.com

Andrew Knott purchased 128,550,000 ordinary shares from the Savannah Energy 2022 Trust at 6.8 pence each, raising his total holding to 421,314,370 ordinary shares, equivalent to 20.2% of the share capital. The transaction was carried out off-market and completion triggered the transaction agreed on 1 June 2026; all outstanding options held by Knott over 38,347,622 shares have lapsed. After the sale, the employee trust still holds 77,151,993 ordinary shares; the notification was submitted to the FCA under the Market Abuse Regulation. » Más en de.investing.com

Savannah Energy appointed Uyi Akpata as non-executive director with immediate effect. After the publication of the 2025 annual accounts and a handover period, he will chair the audit and risk committee. Akpata is an auditor with more than 40 years of experience, served for many years in senior roles at PwC for Nigeria and West Africa, and founded Rusa Advisory in 2024. He holds no shares in Savannah Energy. » Más en de.investing.com