South Sudan Acquisition Update

Savannah Energy Plc

28 March 2024

 

28 March 2024

Savannah Energy PLC

("Savannah" or "the Company")

South Sudan Acquisition Update

Further to the Company's announcement on 1 February 2024, the Company confirms that it remains suspended from trading on AIM, with a revised cancellation date of 17 May 2024, whilst it continues to advance the various workstreams, including receipt of in-country approvals, required to complete the acquisition of PETRONAS International Corporation Limited's energy business in South Sudan.

The Company will provide a more detailed update regarding the ongoing process to complete the transaction during the course of next week.

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 (Nominated Adviser)                         [phone]

James Spinney

Ritchie Balmer

Rob Patrick

Cavendish Capital Markets Ltd (Joint Broker)                      [phone]

Derrick Lee

Tim Redfern

Panmure Gordon (UK) Ltd (Joint Broker)                             [phone]

Hugh Rich

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 ("MAR").

About Savannah Energy:  

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

 

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