Savannah Petroleum PLC is pleased to announce its full year audited results for the period ending 31 December 2017.

Highlights

Seven Energy Transaction

Niger

Financial

Post-Period Highlights

Unless otherwise defined, capitalised terms are as per the Company’s AIM Admission Document dated 22 December 2017.

Andrew Knott, CEO of Savannah Petroleum, said:

‘2017 was a transformational year for Savannah. The acquisition of assets from Seven Energy creates a full cycle exploration and production company, capable of paying a dividend from the cash flows generated by its upstream assets. The deal also enables us to enhance our operational capabilities and provide the business with a strong platform to deliver further value accretive organic and inorganic growth in the future. We are delighted with the strong performance we have seen from the Seven Assets since our announcement of the Transaction. In Niger, we are pleased to be on track to spud our first well, Bushiya, by the end of March 2018, and continue to make good progress on the ground as we prepare to start drilling operations. We look forward to providing further updates over the coming weeks.’

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Source: Press Release