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Savannah Petroleum (SAVP)

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Monday 10 September, 2018

Savannah Petroleum

Spud of Zomo-1 Well, Niger

RNS Number : 1982A
Savannah Petroleum PLC
10 September 2018
 

10 September 2018

 

Savannah Petroleum PLC

("Savannah" or "the Company")

 

Spud of Zomo-1 Well, Niger

 

Savannah Petroleum PLC, the British independent oil and gas company focused around activities in Niger and Nigeria, this morning announces that the fifth well in its current Niger drilling campaign, Zomo-1, was spudded on 8 September 2018.  Zomo-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, Zomo-1 is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target. 

 

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 2,438 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.

 

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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