LONDON (Alliance News) - Savannah Petroleum PLC on Friday said it has submitted a pre-feasibility study for part of its asset in Niger.
The study covers the R3 portion of the R3/R4 production sharing contract on the Agadem Rift basin, where Savannah wants to set up an early production scheme.
Savannah said the study sets out its plans for the Amdigh-1 well test, resource volumes expected to be developed, and associated production profiles.
Shares were 3.5% lower on Friday at a price of 30.50 pence each.