6 Mar 2020 17:40
6 March 2020
Savannah Petroleum PLC
("Savannah" or "the Company")
Update on Loan Facility
Further to the Company's announcement on 18 October 2019 (the "RNS"), the Company announces that the Maturity Date of the Facility (which is no longer considered material to the Company) was amended to be 6 June 2020. The Facility is expected to be repaid in full from the Company's cash resources prior to expiry.
Capitalised terms have the same meaning as set out in the RNS.
For further information contact:
| ||
Savannah Petroleum | +44 (0) 20 3817 9844 |
|
Andrew Knott, CEO |
|
|
Isatou Semega-Janneh, CFO |
|
|
Jessica Ross, VP Corporate Affairs |
|
|
|
|
|
Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 |
|
Rory Murphy |
|
|
James Spinney |
|
|
Ritchie Balmer |
|
|
|
|
|
Mirabaud (Joint Broker) | +44 (0) 20 7878 3362 |
|
Peter Krens |
|
|
Ed Haig-Thomas |
|
|
|
|
|
Numis Securities (Joint Broker) | +44 (0) 20 7260 1000 |
|
John Prior |
|
|
Emily Morris |
|
|
Alamgir Ahmed |
|
|
|
|
|
Jefferies International Limited (Joint Broker) | +44 (0) 20 7029 8000 |
|
Tony White |
|
|
Will Soutar |
|
|
|
|
|
Celicourt Communications | +44 (0) 20 8434 2754 |
|
Mark Antelme |
|
|
Jimmy Lea Ollie Mills |
|
|
Notes to Editors:
About Savannah Petroleum
Savannah Petroleum PLC is an AIM listed oil and gas company with exploration and production assets in Niger and Nigeria. Savannah's flagship assets include the R1/R2 and R3/R4 PSCs (which cover c.50% of the highly prospective Agadem Rift Basin ("ARB") of South East Niger) and acquired interests in the cash flow generative Uquo and Stubb Creek oil and gas fields and the Accugas midstream gas business in South East Nigeria.
Further information on Savannah Petroleum PLC can be found on the Company's website: http://www.savannah-petroleum.com/en/index.php