Philip Onome

Savannah Energy

Savannah Energy PLC is an AIM quoted British independent energy company focused around the delivery of Projects that Matter and is active in Cameroon, Niger and Nigeria. Savannah owns an effective 31.06% indirect interest in the Cameroon Export Transportation System ("ETS") which comprises a 903 km export pipeline and the Kome Kribi 1 floating storage and offloading facility ("FSO"), offshore Cameroon. In Nigeria, Savannah has a significant controlling interest in a large scale integrated gas production and distribution business which is currently supplying gas to enable over approximately 24% of Nigeria's thermal power generation and is significantly cash flow generative. In Niger, we have licence interests covering 13,655 km2, approximately 50% of the country's main petroleum basin, the Agadem Rift Basin in the South East of the country. To date we have delivered a highly successful exploration campaign in Niger with five discoveries from five wells across five oil fields. We have plans in place to deliver first oil production and revenues following the commencement of installation of an EPS. Significant further potential on the Savannah PSC areas remains, with 146 further potential exploration targets having been identified for future drilling consideration. In addition to our hydrocarbon operations, Savannah's Renewable Energy division aims to deliver utility-scale renewable energy projects across Africa, and generate clean, competitively priced electricity for millions of households. We are involved across the entire project life cycle, taking projects from greenfield development through to long term ownership and operation. In 2022 we announced up to 750 megawatts ("MW") of solar and wind projects.