20 December 2024
Savannah Energy
PLC
("Savannah" or "the
Company")
South Sudan Acquisition
Update
Further to its announcement on 3
December 2024, the Company advises that its ordinary shares remain
suspended from trading on AIM pending publication of an AIM
Admission Document setting out, inter alia, details of a proposed
alternative transaction in respect of the ex-PETRONAS assets in
South Sudan, should it be concluded, or confirmation is provided
that a proposed alternative transaction is not
proceeding.
In this regard, since
the last announcement, an affiliate of Savannah has
signed an agreement with another energy company to discuss
collaboration in relation to the
potential alternative transaction. A further update on progress, and associated matters, is
expected to be made by the end of February 2025.
For further information, please
refer to the Company's website www.savannah-energy.com or
contact:
Savannah Energy
+44 (0) 20 3817 9844
Andrew Knott, CEO
Nick Beattie, CFO
Sally Marshak, Head of IR &
Communications
Strand Hanson Limited (Nominated
Adviser)
+44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Rob Patrick
Cavendish Capital Markets Ltd (Joint
Broker)
+44 (0) 20 7220 0500
Derrick Lee
Tim Redfern
Panmure Liberum Limited (Joint
Broker)
+44 (0) 20 3100 2000
Scott Mathieson
Kieron Hodgson
James Sinclair-Ford
Camarco
+44 (0) 20 3757 4983
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.
About
Savannah:
Savannah Energy PLC is a British
independent energy company focused around the delivery of
Projects that
Matter in Africa.