12 Aug 2021 07:00
12 August 2021
Savannah Energy PLC
("Savannah" or "the Company")
Board Change
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, announces that, as a result of the Company's growth in recent years and the planned significant further expansion, the decision has been taken to restructure the finance function of the Company. As a result, Ms Isatou Semega-Janneh has left, and ceased to be a Director of, the Company.
Pending the appointment of a new Group CFO, Mr Nick Beattie, Deputy CFO, will oversee the finance function of the Company in an interim (non-Board) capacity. The half-year results of the Company will be released as scheduled in late September 2021.
Steve Jenkins, Non-Executive Chairman said:
"I would like to thank Isatou for her years of service as we look forward to another phase of rapid growth at Savannah."
For further information, please refer to the Company's website www.savannah-energy.com or contact:
Savannah Energy | +44 (0) 20 3817 9844 | |||
Andrew Knott, CEO | ||||
Nick Beattie, Deputy CFO | ||||
Sally Marshak, Communications Consultant | ||||
Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 | |||
James Spinney | ||||
Ritchie Balmer | ||||
Rory Murphy | ||||
finnCap Ltd (Joint Broker)
| +44 (0) 20 7220 0500 | |||
Christopher Raggett | ||||
Tim Redfern | ||||
Panmure Gordon (UK) Ltd (Joint Broker) | +44 (0) 20 7886 2500 | |||
John Prior | ||||
Hugh Rich | ||||
Camarco | +44 (0) 203 757 4980 | |||
Billy Clegg | ||||
Owen Roberts | ||||
Violet Wilson | ||||
About Savannah Energy:
Savannah Energy PLC is an AIM market listed African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, with a focus on delivering material long term returns for stakeholders. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas contributing to over 10% of Nigeria's daily national average thermal power generation. In Niger, the Company has interests in two large PSC areas located in the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory, consisting of 146 exploration targets to be considered for potential future drilling activity.
Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com.
Savannah Energy (SAVE)