RNS Number : 7682W

Savannah Energy Plc

24 December 2021

24 December 2021

Savannah Energy PLC

("Savannah", the "Company" or the "Group")

Update on Restoration of Trading

Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, provides the following update.

Further to its announcement of 20 December 2021, the Company now intends to publish an AIM Admission Document in respect of the Exxon Acquisition and the PETRONAS Acquisition by 31 December 2021, following which point the Company will seek restoration to trading on AIM of its ordinary shares.

Further updates will be provided as and when appropriate.

                                               +44 (0) 20 3817 
 Savannah Energy                                9844 
 Andrew Knott, CEO 
 Nick Beattie, I nterim CFO 
 Sally Marshak, Head of IR & Communications 
                                               +44 (0) 20 7409 
 Strand Hanson (Nominated Adviser)              3494 
 James Spinney 
 Ritchie Balmer 
 Rob Patrick 
 finnCap Ltd (Joint Broker) 
  Christopher Raggett                          +44 (0) 20 7220 
  Tim Redfern                                   0500 
 Panmure Gordon (UK) Ltd (Joint 
  John Prior 
  Hugh Rich                                    +44 (0) 20 7886 
  James Sinclair-Ford                           2500 
                                               +44 (0) 20 3757 
 Camarco                                        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 ("MAR").

About Savannah Energy:

Savannah Energy PLC is an AIM quoted British independent energy company focused around the delivery of Projects that Matter in Africa. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas enabling over 10% of Nigeria's thermal power generation. In Niger, the Company has licence interests covering approximately 50% of the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory consisting of 146 exploration targets to be considered for potential future drilling activity. The Company has announced that it is in the process of acquiring a portfolio of upstream and midstream assets in Chad and Cameroon.

Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com.

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(END) Dow Jones Newswires

December 24, 2021 04:59 ET (09:59 GMT)

Savannah Petroleum (LSE:SAVP)
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