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Savannah Petroleum (SAVE)

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Monday 30 July, 2018

Savannah Petroleum

Spud of Eridal-1 Well, Niger

RNS Number : 0837W
Savannah Petroleum PLC
30 July 2018
 

30 July 2018

 

Savannah Petroleum PLC

("Savannah" or "the Company")

 

Spud of Eridal-1 Well, Niger

 

 

 

Savannah Petroleum PLC, the West African focused British independent oil and gas company, this morning announces that the fourth well in its current Niger drilling campaign, Eridal-1, was spudded on 27 July 2018.  Eridal-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, Eridal-1 is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target, with the secondary target of potential oil pay in the Eocene Upper Sokor being considered as upside. 

 

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 2,592 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.

 

A selection of photographs of Savannah's operations at Eridal-1 to date has been uploaded to the Company's website at https://www.savannah-petroleum.com/en/gallery.php.

 

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.

 

 


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