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RNS Number : 3726I

Savannah Energy Plc

12 August 2021

12 August 2021

Savannah Energy PLC

("Savannah" or "the Company")

Board Change

Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, announces that, as a result of the Company's growth in recent years and the planned significant further expansion, the decision has been taken to restructure the finance function of the Company. As a result, Ms Isatou Semega-Janneh has left, and ceased to be a Director of, the Company.

Pending the appointment of a new Group CFO, Mr Nick Beattie, Deputy CFO, will oversee the finance function of the Company in an interim (non-Board) capacity. The half-year results of the Company will be released as scheduled in late September 2021.

Steve Jenkins, Non-Executive Chairman said:

"I would like to thank Isatou for her years of service as we look forward to another phase of rapid growth at Savannah."

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, Deputy CFO 
 Sally Marshak, Communications 
  Consultant 
 
 Strand Hanson (Nominated Adviser)    +44 (0) 20 7409 3494 
 James Spinney 
 Ritchie Balmer 
 Rory Murphy 
 
 finnCap Ltd (Joint Broker)           +44 (0) 20 7220 0500 
 Christopher Raggett 
 Tim Redfern 
 
 Panmure Gordon (UK) Ltd (Joint 
  Broker)                             +44 (0) 20 7886 2500 
 John Prior 
 Hugh Rich 
 
 Camarco                              +44 (0) 203 757 4980 
 Billy Clegg 
 Owen Roberts 
 Violet Wilson

About Savannah Energy:

Savannah Energy PLC is an AIM market listed African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, with a focus on delivering material long term returns for stakeholders. 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 contributing to over 10% of Nigeria's daily national average thermal power generation. In Niger, the Company has interests in two large PSC areas located in 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.

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

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END

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(END) Dow Jones Newswires

August 12, 2021 02:00 ET (06:00 GMT)

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