Savannah Petroleum PLC Spud of Zomo-1 Well, Niger (1982A)
September 10 2018 - 1:00AM
UK Regulatory
TIDMSAVP
RNS Number : 1982A
Savannah Petroleum PLC
10 September 2018
10 September 2018
Savannah Petroleum PLC
("Savannah" or "the Company")
Spud of Zomo-1 Well, Niger
Savannah Petroleum PLC, the British independent oil and gas
company focused around activities in Niger and Nigeria, this
morning announces that the fifth well in its current Niger drilling
campaign, Zomo-1, was spudded on 8 September 2018. Zomo-1 is
located on the R3 portion of the R3/R4 PSC Area in the Agadem
Basin, south east Niger.
As with the other wells in this campaign, Zomo-1 is designed to
evaluate potential oil pay in the Eocene Sokor Alternances as the
primary target.
Drilling is expected to take c.30-35 days, using Rig GW-215. The
well is planned to be drilled to a total depth of 2,438 metres. The
Company plans to log all prospective sections within the well, with
further logging employed for hydrocarbon bearing sections. In the
success case, the well will be suspended for future re-entry and
further evaluation, which could include well testing.
The Company intends to announce the final well results after the
end of drilling and logging operations.
For further information contact:
Savannah Petroleum +44 (0) 20 3817 9844
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Jessica Ross, VP Corporate Affairs
Strand Hanson (Nominated Adviser) +44 (0) 20 7409 3494
Rory Murphy
James Spinney
Ritchie Balmer
Mirabaud (Joint Broker) +44 (0) 20 7878 3362
Peter Krens
Ed Haig-Thomas
Hannam & Partners (Joint Broker) +44 (0) 20 7907 8500
Neil Passmore
Alejandro Demichelis
Sam Merlin
Celicourt Communications +44 (0) 20 7520 9266
Mark Antelme
Jimmy Lea
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014, and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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