Savannah Energy
SAVE · AIM · Energy · mcap £115m · 5.5p 4 open situations →
Open · 4
Uquo two-well drilling campaign
Savannah had considered four-well testing on R1234 in 2026/27 and is now in talks with the Government of Niger on disputed PSC issues and the framework for restarting activity, including how constrained periods are treated. Work restarts only on satisfactory agreement; rights are reserved. The ~US$175m FY 2024 carrying value is being assessed in the FY 2025 accounts.
- Status
- Discussions continuing; no agreement yet 30 Sep 2026 ↗
- Condition
- Work restarts only on satisfactory agreement with the Government 30 Sep 2026 ↗
- Issues
- Disputed PSC issues; treatment of materially constrained periods
- Carrying value
- About US$175m at FY 2024; being assessed in FY 2025 accounts 30 Sep 2026 ↗
Next: agreement with Government of Niger on PSC framework
- 30 Sep 2026 Uquo South completed; testing to come
- 25 Aug 2026 Uquo 13 on stream; Uquo South being completed
- 4 Feb 2026 Site construction final stage; rig ready
- 30 Dec 2025 Well site nearly complete; Uquo South site prep begun
SCI and SMIL arbitration claims
Savannah delayed its FY 2025 Annual Report on 30 June 2026 and its shares were suspended from 1 July. Publication, previously due in September, is now expected in October 2026 together with H1 2026 results. Suspension continues until both sets of accounts are published. FTSE Russell deleted the shares from three FTSE AIM indices from 28 August 2026.
- Started
- Review initiated 22 October 2025
- Options
- Alternative listing venues or structures
- Status
- Ongoing; no Board decision taken
- Index deletion
- FTSE AIM UK 50, AIM 100 and AIM All-Share from 28 August 2026 30 Sep 2026 ↗
- Suspension length
- 40 business days, no indication of resumption (FTSE Russell) 25 Aug 2026 ↗
- Next milestone
- FY 2025 audited accounts and H1 2026 results expected during October 2026 30 Sep 2026 ↗
Next: publish FY 2025 Annual Report and H1 2026 results
- 30 Sep 2026 Conclusion now expected Q4 2026
- 25 Aug 2026 Suspended; FTSE AIM index deletion from 28 Aug
- 25 Aug 2026 Conclusion now expected H2 2026 (was H1)
- 30 Jun 2026 Audit advanced; shares suspended from 1 July
Purebond Limited towards control
Next: Relationship Agreement signed after regulatory consultation; NIPCO share purchases
- 4 Feb 2026 27.57%
East African hydropower acquisition
- 4 Feb 2026 Exclusivity; most advanced transaction
- 30 Dec 2025 Exclusivity period; US$70-90m consideration
- 22 Oct 2025 Progressing; debt term sheet agreed
Closed · 2
Company filings. Not investment advice.