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Updated Company Presentation

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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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Savannah Petroleum PLC

Price: 26.2

Market: AIM
Market Cap: £230.5 m
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