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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

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Share Price: 3.30
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CORRECT (Dec 09): Savannah Energy completes Exxon Mobil acquisition

Tue, 13th Dec 2022 11:22

(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy, not Savannah Resources.)

(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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Savannah Energy PLC - Africa-focused energy company - Completes its USD407 million acquisition of US oil major Exxon Mobil Corp's entire upstream and midstream asset portfolio in Chad and Cameroon. The acquisition includes the operatorship of the upstream assets through the acquisition of the former operator, Esso Exploration & Production Chad Inc. Following completion, Savannah will own a 40% interest in the Doba oil project and a 40% indirect interest in the Chad-Cameroon export transportation system.

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Amaroq Minerals Ltd - Greenland-focused mine development company - Reports market-making arrangements with Arion Banki HF and Landsbankinn HF to provide market-making services in respect of the firm's Icelandic depositary receipts listed on the Nasdaq First North Growth Market in Iceland.

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SLF Realisation Fund Ltd - realising all remaining assets in portfolio of ordinary share class and 2016 C share class - Director Brett Miller buys 2 million shares in the firm for a total of GBP130,990 on Friday.

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Enwell Energy PLC - London-based oil and gas exploration company - Says regulatory action within Ukraine is affecting a major indirect shareholder of the firm, Vadym Novynskyi. Says that it is investigating the situation and consulting with its adviser. Adds that the company's legal analysis is that the restrictive measures imposed are directed at name individuals and not any other legal entities, and are applicable solely within Ukraine. As a result, firm says the restrictive measures are not director at the company. Says it will continue to monitor the situation.

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Vaalco Energy Inc - Houston, Texas-based hydrocarbon explorer - Says the North Tchibala 2H-ST well in Gabon was brought online in early November and flowed at a "low, controlled rate" to allow for clean-up. Says that through early December, the well has flowed with temporary interruptions for operations activity and shut-ins. Produces about 8,000 gross barrels or oil, or 275 gross barrels of oil per day. Adds that post-fac modelling suggests the well is capable of producing rates at or above 1,500 gross barrels of oil per day. In Egypt, firm expects to spud its first horizontal well on December 12. In Canada tie in of the 4-10 well is expected in late December, with an anticipated flow rate of 200 barrels of oil equivalent per day before year-end. Also completes construction on the 14-25-29-04W5 surface lease, with drilling expected to start in January.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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18 Sep 2023 16:13

IN BRIEF: Savannah Resources not in sale process despite media reports

Savannah Resources PLC - lithium development company - Denies reports from Portuguese press that it is in a sale process. Says it is not in a sale process regarding the Barroso lithium project nor the company itself. Reiterates that on September 6, it had said that it received "significant" commercial interest in the project for several years and that there has been additional interest since the completion of a new positive scoping study. "Savannah is focusing on identifying groups which are willing to assist with the financing of the project's construction and bring complementary skills or additional opportunities to a long-term partnership with Savannah," firm says.

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12 Sep 2023 12:12

Savannah Resources hires new CEO from large Portuguese firm

(Alliance News) - Savannah Resources PLC on Tuesday said it has appointed Emanuel Proenca as its new chief executive officer.

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TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

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6 Sep 2023 14:07

Savannah reports significant progress at Barroso Lithium Project

(Sharecast News) - Europe-focussed lithium developer Savannah Resources announced significant progress in various aspects of its wholly-owned Barroso Lithium Project in Portugal on Wednesday.

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21 Jul 2023 10:07

Director dealings: Savannah non-exec invests, Lok'nStore director sells holding

(Sharecast News) - Lithium developer Savannah Resources was on the list of director buys on Friday, after a non-executive director picked up almost half a million shares.

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18 Jul 2023 14:14

IN BRIEF: Savannah Resources fundraise raises extra GBP400,000

Savannah Resources PLC - lithium development company - Announces it has increased the gross proceeds from the fundraise announced last Thursday to GBP6.5 million from GBP6.1 million, following 8.8 million shares being issued raising GBP400,000. This means that 139.2 million new shares will be issued for a fundraise, increasing fundraise total to GBP6.5 million. The company will have an approximate GBP11.4 million in cash.

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14 Jul 2023 08:22

Savannah Resources raises GBP6.1 million for Portugal lithium project

(Alliance News) - Savannah Resources PLC on Friday said it raised GBP6.1 million, bolstering its coffers as it looks to develop a lithium project in Portugal.

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Savannah Resources plans GBP5.8 million fundraise to boost project

(Alliance News) - Savannah Resources PLC on Thursday said it plans to raise GBP5.8 million, in order to boost its Barroso lithium project in northern Portugal.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 10:16

Savannah Resources hails net present value of Barroso lithium project

(Alliance News) - Savannah Resources PLC on Monday announced results from a new scoping study on its Barroso lithium project in northern Portugal.

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31 May 2023 11:37

IN BRIEF: Savannah shares soar as hails milestone for Barroso mine

Savannah Resources PLC - London-based lithium development company - Receives positive declaration of environmental impact from the Portuguese environmental regulator, Agencia Portuguesa do Ambiente, for its wholly owned Barroso lithium project in northern Portugal. Adds, it has agreed to the set of conditions issued alongside the declaration to ensure the project is "developed and operated in a socially and environmentally responsible way." Says project can now progress to the next stage of its environmental licensing process. Expects to publish a new scoping study in the second half of 2023 and will move forward with its definitive feasibility study, which includes carrying out fieldwork later in the year. Savannah has been in talks with APA in the last few months over Barroso's environmental impact assessment. Based on feedback, Savannah has focused on the management of water resources, optimisation of project-related infrastructure, ecology, socio-economic considerations and landscape impacts.

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