Savannah Energy Plc
5.51
GBX
-0.59
(-9.67%)
Savannah Energy Plc
LSE:SAVE
(London Stock Exchange)
Recent
price
5.51
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ratio
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yld
- -
ROIC.AI
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- Business
- Savannah Energy PLC is a British independent energy company focused on the exploration, development, extraction, and production of natural gas and crude oil, as well as the development of renewable energy projects across Africa; it operates a significant integrated gas production and distribution business in Nigeria that supplies gas enabling approximately 20% of the country's thermal power generation; core assets include an 80% economic interest in the Uquo gas field and Uquo Gas Project in southeast Nigeria, a 51% interest in the Stubb Creek oil and gas field in Akwa Ibom State, Nigeria, an 80% interest in the Accugas midstream assets for gas marketing, processing, distribution, and sales in Nigeria, license interests covering approximately 13,655 square kilometers or 50% of Niger's main Agadem Rift Basin for hydrocarbons with over 200 MMboe of resources and a reserves life exceeding 26 years, and a Power Division portfolio of up to 696 MW in large-scale hydroelectric, solar, and wind renewable energy projects across Africa including in Niger, Cameroon, and the Sahel region with ambitions to reach 1 GW by end-2024 and pursue thermal opportunities. The company, founded in 2014 and headquartered at 40 Bank Street, London E14 5NR, United Kingdom, maintains primary operations in Nigeria and Niger with expanding activities into East and Central Africa; it targets African energy markets, supplying hydrocarbons for industrial and power needs while developing utility-scale renewables to provide clean electricity to millions of households. Recent developments include the April 2023 signing by subsidiary Savannah Midstream Investment Limited of a Share Purchase Agreement with Cameroon's Société Nationale Des Hydrocarbures to sell a 10% stake in Chad Oil Transportation Company (COTCo), reducing its holding from 41.06% to 31.06% pending conditions, amid ongoing arbitral proceedings against COTCo, the Republic of Chad, and others for breaches related to equity and operational rights; in September 2025, the company announced and plans to sign a Share Purchase Agreement with Norfund to acquire its 50.1% stake in Klinchenberg BV for up to US$65.4 million, gaining indirect interests in Uganda's operational 250 MW Bujagali hydropower plant, Malawi's advanced 361 MW Mpatamanga project, and the DRC/Rwanda/Burundi 448 MW Ruzizi III project, marking its entry into five new markets with completion targeted no earlier than Q1 2026 funded by a US$37.4 million debt facility and cash resources; these moves signal strategic expansion in renewables and power alongside hydrocarbons.