South Sudan Acquisition Update

Savannah Energy Plc

20 December 2024

 

20 December 2024

Savannah Energy PLC
("Savannah" or "the Company")

South Sudan Acquisition Update

Further to its announcement on 3 December 2024, the Company advises that its ordinary shares remain suspended from trading on AIM pending publication of an AIM Admission Document setting out, inter alia, details of a proposed alternative transaction in respect of the ex-PETRONAS assets in South Sudan, should it be concluded, or confirmation is provided that a proposed alternative transaction is not proceeding.

In this regard, since the last announcement, an affiliate of Savannah has signed an agreement with another energy company to discuss collaboration in relation to the potential alternative transaction. A further update on progress, and associated matters, is expected to be made by the end of February 2025.

For further information, please refer to the Company's website www.savannah-energy.com or contact:

Savannah Energy                                                                    [phone]

Andrew Knott, CEO

Nick Beattie, CFO

Sally Marshak, Head of IR & Communications

Strand Hanson Limited (Nominated Adviser)                        [phone]

James Spinney

Ritchie Balmer

Rob Patrick

Cavendish Capital Markets Ltd (Joint Broker)                      [phone]

Derrick Lee

Tim Redfern

Panmure Liberum Limited (Joint Broker)                              [phone]

Scott Mathieson

Kieron Hodgson

James Sinclair-Ford

Camarco                                                                                  [phone]

Billy Clegg

Owen Roberts

Violet Wilson

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

About Savannah:  

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa.

 

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