24th Jun 2020 13:59
Savannah Energy PLC - Niger and Nigeria-focused energy company - now expects to publish its results in July due to Covid-19 causing logistical challenges. Pending the announcement of 2019 results, Savannah reported an average gross daily production increase of 15% in the five months to May 31 to 20,800 barrels of oil equivalent per day compared to 18,000 barrels of oil equivalent per day for the corresponding period in 2019. The company's revenue was USD17.8 million for the period, including six weeks of production from Nigerian operations.
Current stock price: 6.90 pence
Year-to-date change: down 68%
By Evelina Grecenko; [email protected]
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