4 Oct 2019 07:00
4 October 2019
Savannah Petroleum PLC
("Savannah" or "the Company")
Updated Company Presentation
Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to announce that, further to the Company's H1 2019 results and recent progress on the Seven Energy Transaction, an updated corporate presentation is now available on the Company's website (www.savannah-petroleum.com). The presentation contains no new material information.
For further information contact:
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Savannah Petroleum | +44 (0) 20 3817 9844 |
Andrew Knott, CEO |
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Isatou Semega-Janneh, CFO |
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Jessica Ross, VP Corporate Affairs |
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Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 |
Rory Murphy |
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James Spinney |
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Ritchie Balmer |
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Mirabaud (Joint Broker) | +44 (0) 20 7878 3362 |
Peter Krens |
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Ed Haig-Thomas |
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Jefferies International Limited (Joint Broker) | +44 (0) 20 7029 8000 |
Tony White |
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Will Soutar |
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Numis Securities (Joint Broker) | +44 (0) 20 7260 1000 |
John Prior |
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Emily Morris |
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Alamgir Ahmed |
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Celicourt Communications | +44 (0) 20 8434 2754 |
Mark Antelme |
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Jimmy Lea Ollie Mills |
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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.
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, acquired in 2014/15. The Company is in the process of acquiring interests in the cash flow generative Uquo and Stubb Creek oil and gas fields and an interest in the Accugas midstream business in South East Nigeria from Seven Energy.
Further information on Savannah Petroleum PLC can be found on the Company's website: http://www.savannah-petroleum.com/en/index.php
The Seven Energy Transaction
The Seven Energy Transaction refers to the planned acquisition by Savannah of the Seven Assets and
the restructuring of Seven Energy's existing indebtedness, as more fully described in the Company's
Admission Document dated 22 December 2017 and per the Company's RNS announcements dated 20
September 2018 (specifically relating to the Frontier Transaction and the buy-out of minority shareholders in Universal Energy Resources Limited) and 21 December 2018 (specifically relating to the acquisition of an additional 60% interest in Accugas as well as the sale of a 20% (less one share) interest in SUGL and Accugas to AIIM). Unless otherwise defined, capitalised terms in this announcement are per the above Admission Document and RNS announcements.