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Pin to quick picksSavannah Energy Share News (SAVE)

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TRADING UPDATES: VH Global enters Brazil with USD63 million funding

Fri, 28th May 2021 18:01

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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GSTechnologies Ltd - Milton Keynes, England-based wireless, electronic cabling and security solutions for infrastructure development customers - Announces collaboration with Singaporean blockchain payment solution provider Wise MPay Pte Ltd. Makes collaboration with a view to Wise MPay providing the company with software and services to facilitate the its plans to develop new higher-growth synergistic business areas focussed on blockchain technology. Plans to launch a borderless neobanking platform providing next-generation digital money solutions. The company's neobanking platform will be named GS Money.

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Real Good Food PLC - Liverpool-based food producer - Says Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have each agreed to contribute GBP180,000 towards the costs incurred by the group in relation to the disposal of Brighter Foods Ltd, announced in April. The total contribution of GBP540,000 will be done via a waiver of outstanding loan notes held by the various shareholders.

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San Leon Energy PLC - oil and gas exploration and production in Nigeria - Says subsidiary Decklar Petroleum Ltd makes "considerable progress" at Oza-1 well re-entry at the Oza oil field in Nigeria. "The major components of the drilling rig equipment are being transported to the field this week and it is anticipated the rig will be completely moved, installed and rigged-up within two weeks. Decklar will then commence the Oza-1 well re-entry operational activities including the initial work of pulling out the existing tubing, running a cement bond log and cased hole reservoir logs," says company.

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Panthera Resources PLC - gold exploration and development company focused on west Africa and India - Says the reverse circulation drill rig has arrived on site at the Labola project in Burkina Faso and the planned 5,000 metre drilling programme has started.

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Kape Technologies PLC - Isle of Man-headquartered digital security software provider - Announces new debt facility. Enters into an agreement with its existing bank syndicate of Bank of Ireland, Barclays Bank PLC and Citi Commercial Bank, as well as three new banks being Citizens Bank, BNP Paribas and Leumi Bank for the facility. Banks to provide new senior secured bank facilities of up to USD220 million. New facility has a three-year term with an option to extend by up to an additional two years. "We continue to remain acutely focused on growing our market reach and creating value for all our stakeholders," says Chief Financial Officer Moran Laufer.

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VH Global Sustainable Energy Opportunities PLC - sustainable energy investment company - Commits USD63 million to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure," says company.

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Agronomics Ltd - Isle of Man-based alternative proteins company - Annoucnes that portfolio company CellX Limited has completed its seed financing round. Agronomics invested USD50,000 in CellX in December last year.

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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Says investee Little Green Pharma Ltd announced an additional AUD2.5 million, about GBP1.4 million, purchase order for LGP's high THC cannabis flower medicine from German pharmaceutical wholesaler Deutsche Medizinalcannabis GmbH.

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HeiQ PLC - Zurich-based textiles technology firm - Announces sustainable textile finishing partnership with Alchemie Technology, a firm specialised in smart dyeing technology. Says it will enable HeiQ customers to add its high performance technologies to textiles at significantly lower cost and in a much more environmentally friendly way. Says it will roll out its digital multifunction finishing solution, NOVARA, to the global textile market in the third quarter of this year.

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Savannah Energy PLC - Niger and Nigeria-focused energy firm - Swings to pretax profit in 2020 of USD10.9 million from USD105.4 million loss in 2019. Reports revenue of USD169.0 million, soaring form USD17.8 million. "2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics," says CEO Andrew Knott.

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Altus Strategies PLC - Africa-focused mining royalty company - Expands activities into Egypt as it gets four gold exploration licences. Nets three new copper and silver exploration projects in Morocco. Reports completion of strategic review of Bikoula iron project.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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20 Dec 2022 09:31

Savannah Energy lifts full-year revenue guidance

(Sharecast News) - Africa-focussed Savannah Energy updated the market on its year-to-date financials and operations on Tuesday, reporting that total revenue was ahead 27% year-on-year for the 11 months ended 30 November, at $256.7m.

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13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Dec 2022 16:50

TRADING UPDATES: Longboat Energy extends loan for drilling programme

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Dec 2022 11:01

CORRECT (Dec 09): Savannah Energy completes Exxon Mobil acquisition

(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy PLC.)

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12 Dec 2022 12:23

Savannah Energy to buy Petronas's South Sudan unit for USD1.25 billion

(Alliance News) - Savannah Energy PLC on Monday said it entered into a share purchase agreement with Petronas International Corp Ltd to buy the company's oil and gas business in South Sudan for USD1.25 billion.

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12 Dec 2022 09:35

Savannah to spend $1.25bn on Petronas assets in South Sudan

(Sharecast News) - Africa-focussed Savannah Energy has entered into a share purchase agreement with Petronas International, it announced on Monday, to acquire Petronas' entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile (PCNL) for up to $1.25bn in cash.

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7 Dec 2022 21:25

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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4 Oct 2022 14:31

IN BRIEF: Savannah Energy swings to interim loss as revenue drops

Savannah Energy PLC - Africa-focused energy company - Last Friday reported swing to half-year loss. In the six months ended June 30, swings to interim pretax loss of USD11.3 million from a profit of USD7.7 million a year prior. Revenue falls 14% to USD85.8 million from USD99.4 million. Administrative expenses widen 23% to USD11.7 million from USD9.5 million.

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16 Aug 2022 14:38

Savannah Energy subsidiary enters gas sales agreement

(Sharecast News) - Africa-focussed Savannah Energy announced on Tuesday that its 80% indirectly-owned subsidiary Accugas has entered into a new gas sales agreement with Notore Chemical Industries.

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16 Aug 2022 14:10

IN BRIEF: Savannah Energy subsidiary Accugas signs gas sales agreement

Savannah Energy PLC - Africa-focused energy company - 80% indirectly owned subsidiary Accugas Ltd enters new gas sales agreement with Notore Chemical Industries PLC. Accugas will supply Notore with up to 10 million standard cubic feet of gas per day to augment its current supplies. Adds that no further capital expenditure is required by Accugas to deliver gas to Notore. "The contracted supply is on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year, with the option to extend for a mutually agreed period," Savannah explains.

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28 Jun 2022 10:05

Savannah Energy makes first gas sales to TransAfam's Nigerian power plants

(Sharecast News) - Independent energy company Savannah Energy's Accugas subsidiary has made its first gas sales to TransAfam Power in relation to the provision of gas for use at its power plants in Nigeria.

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28 Jun 2022 09:55

Savannah Energy subsidiary commences further gas sales in Nigeria

(Alliance News) - Savannah Energy PLC on Tuesday said its 80%-owned subsidiary, Accugas Ltd, has commenced gas sales to TransAfam Power Ltd in Nigeria.

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27 Jun 2022 14:15

IN BRIEF: Savannah Energy subsidiary Accugas starts first gas sales

Savannah Energy PLC - Africa-focused energy company - Says its 80% indirectly owned subsidiary Accugas Ltd has started first gas sales to Central Horizon Gas company Ltd. Savannah says CHGC operates a 17-kilometre gas pipeline infrastructure network with a throughput capacity of 50 million standard cubic feet per day. It provides natural gas to industrial and commercial customers in the Trans Amadi Industrial Area of Port Harcourt and the Greater Port Harcourt Area in Nigeria.

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22 Jun 2022 19:39

TRADING UPDATES: Vertu margins remain strong; Donegal behind

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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22 Jun 2022 09:23

Savannah starts gas sales to Trans Amadi plant in Nigeria

(Sharecast News) - Savannah Energy announced on Wednesday that its 80%-owned subsidiary Accugas has started gas sales to First Independent Power Limited's (FIPL) Trans Amadi power plant in Port-Harcourt, Nigeria.

Read more

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