Savannah Petroleum PLC Update on Loan Facility

TIDMSAVP

Savannah Petroleum PLC

06 March 2020

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: 
                               +44 (0) 20 3817 
 Savannah Petroleum             9844 
 Andrew Knott, CEO 
 Isatou Semega-Janneh, CFO 
 Jessica Ross, VP Corporate 
  Affairs 
 
 Strand Hanson (Nominated      +44 (0) 20 7409 
  Adviser)                      3494 
 Rory Murphy 
 James Spinney 
 Ritchie Balmer 
 
                               +44 (0) 20 7878 
 Mirabaud (Joint Broker)        3362 
 Peter Krens 
 Ed Haig-Thomas 
 
 Numis Securities (Joint       +44 (0) 20 7260 
  Broker)                       1000 
 John Prior 
 Emily Morris 
 Alamgir Ahmed 
 
 Jefferies International       +44 (0) 20 7029 
  Limited (Joint Broker)        8000 
 Tony White 
 Will Soutar 
 
                               +44 (0) 20 8434 
 Celicourt Communications       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

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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