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Savannah Petroleum reports development planning


Published Jul 9, 2015
Savannah Petroleum

Savannah Petroleum is pleased to report on work which has been conducted by independent expert CGG Robertson on resource volumes on the R1/R2 license area, updating their views versus the Competent Persons Report published in the Company's AIM Admission Document of 29 July 2014.

CGG has also reviewed Savannah's conceptual development solution and associated economics for potential Agadem Rift Basin economics. Savannah is also pleased to provide an update in relation to the expected cost of crude export via the planned Agadem-Kribi pipeline route and the progress made by the Company towards ensuring operational readiness to recommence exploration activities on the permit area in 2H 2015.

Tags: Savannah Petroleum




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