Update on Loan Facility

RNS Number : 3480F
Savannah Petroleum PLC
06 March 2020
 

6 March 2020

Savannah Petroleum PLC

("Savannah" or "the Company")

 

Update on Loan Facility

 

Further to the Company's announcement on 18 October 2019 (the "RNS"), the Company announces that the Maturity Date of the Facility (which is no longer considered material to the Company) was amended to be 6 June 2020. The Facility is expected to be repaid in full from the Company's cash resources prior to expiry.

Capitalised terms have the same meaning as set out in the RNS.

 

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

 

 

 

 

 

Numis Securities (Joint Broker)

+44 (0) 20 7260 1000

 

John Prior

 

 

Emily Morris

 

 

Alamgir Ahmed

 

 

 

 

 

Jefferies International Limited (Joint Broker)

+44 (0) 20 7029 8000

 

Tony White

 

 

Will Soutar

 

 

 

 

 

Celicourt Communications 

+44 (0) 20 8434 2754

 

Mark Antelme

 

 

Jimmy Lea

Ollie Mills

 

 

 

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) and acquired interests in the cash flow generative Uquo and Stubb Creek oil and gas fields and the Accugas midstream gas business in South East Nigeria.

 

Further information on Savannah Petroleum PLC can be found on the Company's website: http://www.savannah-petroleum.com/en/index.php


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