Savannah Petroleum PLC Updated Company Presentation (7441O)
October 04 2019 - 2:00AM
UK Regulatory
TIDMSAVP
RNS Number : 7441O
Savannah Petroleum PLC
04 October 2019
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:
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
Jefferies International Limited (Joint
Broker) +44 (0) 20 7029 8000
Tony White
Will Soutar
Numis Securities (Joint Broker) +44 (0) 20 7260 1000
John Prior
Emily Morris
Alamgir Ahmed
Celicourt Communications +44 (0) 20 8434 2754
Mark Antelme
Jimmy Lea
Ollie Mills
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.
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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