Updated Company Presentation

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	[phone]
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Jessica Ross, VP Corporate Affairs
Strand Hanson (Nominated Adviser)	[phone]
Rory Murphy
James Spinney
Ritchie Balmer
Mirabaud (Joint Broker)	[phone]
Peter Krens
Ed Haig-Thomas
Jefferies International Limited (Joint Broker)	[phone]
Tony White
Will Soutar
Numis Securities (Joint Broker)	[phone]
John Prior
Emily Morris
Alamgir Ahmed
Celicourt Communications	[phone]
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.

 

END

 

 

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