KEYFACT Energy
Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, this morning announces an update on the Seven Energy Transaction.
Good progress on the remaining Transaction workstreams continues. Following the completion of the recent Nigerian election process, the Company remains confident that Ministerial Consent will be forthcoming shortly. Savannah now expects that the Transaction will complete during Q2 2019, and the publication of a Supplemental Admission Document will follow in due course. Further updates relating to the Transaction will be published as appropriate.