The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.20
Bid: 3.20
Ask: 3.40
Change: 0.00 (0.00%)
Spread: 0.20 (6.25%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 3.20
SAV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
13 Dec 2018 15:42

Savannah lauds production of saleable quartz and feldspar products

(Sharecast News) - Savannah Resources announced on Thursday that saleable quartz and feldspar products have been produced by ongoing metallurgical test work at its Portuguese Mina do Barroso Project.

Read more
13 Dec 2018 12:07

Savannah Resources Finds Saleable Qaurtz And Feldspar In Portugal

LONDON (Alliance News) - Savannah Resources PLC on Thursday said test work at its Portuguese Mina do Barroso lithium project has produced saleable quartz and feldspar products.The ongoing a

Read more
29 Nov 2018 11:21

Savannah Resources Hires Consultancy Team To Work On Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Thursday said it has added a number of leading Portuguese and international consultancy groups to its team at Mina do Barroso project, AIM-listed

Read more
27 Nov 2018 13:42

Savannah Resources Appoints James Leahy As Non-Executive Director

LONDON (Alliance News) - Savannah Resources PLC said Tuesday that it has appointed James Leahy as independent non-executive director with immediate effect.Leahy previously has acted as for

Read more
9 Oct 2018 11:43

Savannah Settles Second Deferred Payment For Portuguese Portfolio

LONDON (Alliance News) - Savannah Resources PLC said Tuesday it started the settlement of the second tranche for the acquisition of its Portuguese lithium portfolio.The company bought the a

Read more
25 Sep 2018 13:10

Savannah Resources Procures Purchase Option For Portuguese Acreage

LONDON (Alliance News) - Savannah Resources PLC said Tuesday it has secured a purchase option for an area of "excellent" possible lithium next to its existing Mina do Barroso now has an

Read more
21 Sep 2018 11:41

Savannah Resources Applies For Mining Permit As Interim Loss Narrows

LONDON (Alliance News) - Savannah Resources PLC on Friday said it applied for additional mining licences for its Mozambique subsidiary as its loss narrowed in the first half of 2018.The to

Read more
10 Sep 2018 10:58

Savannah Resources Finds Significant New Mineralisation At Grandao

LONDON (Alliance News) - Savannah Resources PLC said Monday it discovered "significant volumes of new mineralisation" at its Grandao deposit, part of the Mina do Barroso Lithium project

Read more
6 Sep 2018 14:46

Savannah Resources sees more positive results from Mina do Barroso

(Sharecast News) - Resource development company Savannah Resources announced further results from the ongoing reverse circulation (RC) and diamond core drill programme at the Mina do Barroso Lithium Project in northern Portugal on Thursday.

Read more
4 Sep 2018 11:07

Savannah Resources Dual-Lists On Frankfurt Stock Exchange (ALLIPO)

LONDON (Alliance News) - Savannah Resources PLC said its shares have started trading on Quotation Board Segment of the Open Market of the Frankfurt Stock Exchange on Tuesday.The resource on

Read more
23 Aug 2018 15:57

Director dealings: Savannah Resources CFO lowers stake

(Sharecast News) - Savannah Resources' chief financial officer Christopher Michael McGarty disposed of 2.03m ordinary shares in the AIM-listed firm on Thursday.

Read more
15 Aug 2018 17:45

Savannah Resources Gets Six Portuguese Licence Applications Rejected

LONDON (Alliance News) - Savannah Resources PLC said Wednesday that the Directorate General for Energy and Geology rejected six out of nine exploration licence applications in Portugal made by its

Read more
31 Jul 2018 17:30

Savannah Resources Gets GBP1 Million From Al Marjan After Subscription (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC on Tuesday said its major shareholder Al Marjan Ltd has invested GBP1 million following a subscription.Early in July, the multi-commodity to

Read more
24 Jul 2018 12:43

Savannah Resources To Pursue Feasibility Study Of Portuguese Project

LONDON (Alliance News) - Savannah Resources PLC said on Tuesday it has appointed lithium consulting engineers Primero Group to conduct a feasibility study of the Mina do Barroso Lithium Project in

Read more
5 Jul 2018 15:04

Savannah Resources Raises GBP11.5 Million By Placing And Subscription (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said Thursday it raised GBP11.5 million in cash via placing and subscription of 128.3 million shares.Savannah shares were trading down 7.0% 9

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.