**Summary of Savannah Energy PLCs Operational and Financial Update (December 2025):**
Savannah Energy PLC, a British independent energy company focused on delivering impactful projects in Africa, provided a comprehensive operational and financial update for the 11 months ending November 2025. Key highlights include
### **Operational Progress**
1. **Hydrocarbons Division**
Average gross daily production was 19.1 Kboepd (84% gas), slightly lower than 2024 due to strategic shifts.
The SIPEC acquisition in March 2025 enabled a production expansion at Stubb Creek, with output increasing 24% to 3.3 Kbopd. A full 18-month program aims to raise production to 4.7 Kbopd.
The Uquo gas field saw a 21% 2P Reserves upgrade, and Stubb Creek oil field reserves increased by 29%.
A new compression system at Uquo Central Processing Facility was completed under budget, enhancing gas production capacity.
Well site construction for Uquo NE is nearing completion, with drilling set for January 2026 and first gas by Q1 2026.
2. **Power Division**
Repositioned business model to focus on operating assets and large-scale renewable projects.
Proposed acquisition of interests in three East African hydropower projects (Bujagali, Mpatamanga, Ruzizi III) targeted for Q1 2026 completion.
Progress on existing projects like the 250 MW Parc Eolien de la Tarka wind farm in Niger and the 95 MW Bini a Warak hybrid project in Cameroon.
3. **Niger Operations**
Engaging with the Government of Niger for a four-well testing program and exploration in the R1234 PSC area in 2026/27.
Enhanced R3 East development plan with a revised plateau production rate of 10 Kbopd and updated PV10 value of US$184.4 million.
### **Financial Performance**
Total revenues for 11M 2025 were US$218.1 million, with cash collections rising 5.5% to US$260.8 million.
Cash balances increased to US$59.8 million, and net debt stood at US$652.5 million (5.5% recourse to the Company).
Trade receivables improved by 5.9% to US$506.9 million, primarily from Nigerian gas sales.
Refinanced debt facilities, including the Transitional Facility increase to NGN772 billion, aligning debt with gas revenue currency.
### **Strategic Initiatives**
Pursuing value-accretive acquisitions in hydrocarbons and power sectors, with several opportunities under discussion.
Arbitration claims against the Government of Chad (SCI and SMIL) expected to conclude in H1 2026, with claims exceeding US$775 million.
### **Future Outlook**
Continued focus on executing expansion programs, advancing power projects, and exploring M&A opportunities in Africa.
Confidence in announcing further transactions in the oil, gas, and power sectors over the next 24 months.
CEO Andrew Knott emphasized solid progress across focus areas, thanking stakeholders for their support and highlighting a strong platform for 2026 execution.