Savannah Energy Plc GSA signed with Notore Chemical Industries (0940W)
August 16 2022 - 2:00AM
UK Regulatory
TIDMSAVE
RNS Number : 0940W
Savannah Energy Plc
16 August 2022
16 August 2022
Savannah Energy PLC
("Savannah" or "the Company")
New Gas Sales Agreement Signed with Notore Chemical Industries
PLC
Savannah Energy PLC, the British independent energy company
focused around the delivery of Projects that Matter in Africa , is
pleased to announce that the Company's 80% indirectly owned
subsidiary, Accugas Limited, has entered into a new gas sales
agreement ("GSA") with Notore Chemical Industries PLC
("Notore").
Accugas will supply Notore with up to 10 MMscfpd of gas to
augment its current supplies. 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. Notore's
fertiliser production plant is connected to the Accugas network via
the Nigerian Gas Company pipeline from Ikot Abasi and no further
tie-in or capital expenditure is required by Accugas to deliver gas
to Notore.
Notore Chemical Industries PLC, formerly Notore Chemical
Industries Ltd, is a Nigeria-based integrated agro-allied,
chemicals and infrastructure company located in the Onne Oil and
Gas Free Zone area of Rivers state in southern Nigeria. Notore's
primary business is the production of urea, ammonia and NPK blend
fertilisers and sale to the Nigerian and international markets.
Notore's facility has a production capacity of 1,500 metric tons
(MT) per day of urea and 1,000 MT/day of ammonia.
Andrew Knott, CEO of Savannah Energy, said:
"I am pleased to welcome Notore as a new gas customer to
Accugas, representing our tenth customer site in total (versus
three at the time of our acquisition of the Accugas business in
2019). We look forward to developing our working relationship with
Notore over the course of the coming months and years"
For further information, please refer to the Company's website
www.savannah-energy.com or contact:
+44 (0) 20 3817
Savannah Energy 9844
Andrew Knott, CEO
----------------
Nick Beattie, CFO
----------------
Sally Marshak, Head of IR & Communications
----------------
+44 (0) 20 7409
Strand Hanson (Nominated Adviser) 3494
----------------
James Spinney
----------------
Ritchie Balmer
----------------
R ob Patrick
----------------
finnCap Ltd (Joint Broker)
Christopher Raggett +44 (0) 20 7220
Tim Redfern 0500
----------------
Panmure Gordon (UK) Ltd (Joint Broker) +44 (0) 20 7886
John Prior 2500
----------------
Hugh Rich
----------------
J ames Sinclair-Ford
----------------
+44 (0) 203 757
Camarco 4980
----------------
Billy Clegg
----------------
Owen Roberts
Violet Wilson
----------------
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
About Savannah Energy:
Savannah Energy PLC is an AIM quoted British independent energy
company focused around the delivery of Projects that Matter in
Africa and is active in Cameroon, Chad, Niger and Nigeria.
Further information on Savannah Energy PLC can be found on the
Company's website: www.savannah-energy.com .
South East Nigeria Infrastructure Map
http://www.rns-pdf.londonstockexchange.com/rns/0940W_1-2022-8-15.pdf
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END
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