Savannah Petroleum PLC Spud of Zomo-1 Well, Niger (1982A)

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RNS Number : 1982A

Savannah Petroleum PLC

10 September 2018

Savannah Petroleum PLC

("Savannah" or "the Company")

Spud of Zomo-1 Well, Niger

Savannah Petroleum PLC, the British independent oil and gas company focused around activities in Niger and Nigeria, this morning announces that the fifth well in its current Niger drilling campaign, Zomo-1, was spudded on 8 September 2018. Zomo-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger.

As with the other wells in this campaign, Zomo-1 is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target.

Drilling is expected to take c.30-35 days, using Rig GW-215. The well is planned to be drilled to a total depth of 2,438 metres. The Company plans to log all prospective sections within the well, with further logging employed for hydrocarbon bearing sections. In the success case, the well will be suspended for future re-entry and further evaluation, which could include well testing.

The Company intends to announce the final well results after the end of drilling and logging operations.

 
 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 
 
 Hannam & Partners (Joint Broker)      +44 (0) 20 7907 8500 
 Neil Passmore 
  Alejandro Demichelis 
 Sam Merlin 
 
 Celicourt Communications              +44 (0) 20 7520 9266 
 Mark Antelme 
 Jimmy Lea

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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