Savannah Energy PLC is a leading African‑focused British independent energy company. We are incorporated in England and Wales and are listed on the AIM market of the London Stock Exchange. Our current operations are in Nigeria and Niger, where we are sustainably developing high‑quality, high‑growth projects in both countries.
In Nigeria, Savannah has a significant controlling interest in a large‑scale integrated gas production and distribution business which is currently supplying gas to over 10% of Nigeria’s power generation capacity and is significantly cash flow generative. In Niger, we have licence interests covering approximately 50% of the country’s main petroleum basin, the Agadem Rift Basin in the south east of the country.1 To date we have made five exploration discoveries from five attempts in Niger.
We have plans in place to deliver first oil production and revenues following the commencement of installation of an EPS by the end of 2021. Significant further potential on the Savannah PSC areas remains, with 146 further potential exploration targets having been identified for future drilling consideration.
1. Post year end, the Company agreed with the Niger Ministry of Petroleum that the R4 licence area will be combined with the R1/R2 PSC Area into a new R1/R2/R4 PSC and that the R3 PSC area will continue as a stand-alone PSC area. Ratification of these changes is subject to Council of Minister approval and payment of the associated fee.