Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

 26.25p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 40.20p
  • 52 Week Low: 19.35p
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 0
  • Market Cap: £342.85m
  • RiskGrade: 340

Second Niger well spuds for Savannah

By Josh White

Date: Tuesday 08 May 2018

LONDON (ShareCast) - (Sharecast News) - Savannah Petroleum announced on Tuesday that the second well in its three-well Niger drilling campaign, Amdigh-1, was spudded on 6 May.
The AIM-traded company said Amdigh-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger.

As with Bushiya-1, it said the well was designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target, with the secondary target of potential oil pay in the Eocene Upper Sokor being considered as upside.

Savannah's competent person, CGG Robertson, had assessed total mean unrisked recoverable resources at Amdigh of 39 mmbbls.

Drilling was expected to take between 30 and 35 days, using rig GW-215, with the well design deviated to reach all desired sub-surface objectives.

It was planned to be drilled to a total depth of 2,576 metres.

"The company plans to log all prospective sections within the well, with further logging employed for hydrocarbon bearing sections," the board explained in its statement.

"In the success case, the well will be suspended for future re-entry and further evaluation, which could include well testing and completion using a dedicated testing/workover rig."

Savannah's board said it intended to announce the final well results after the end of drilling and logging operations.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Savannah Energy Market Data

Currency UK Pounds
Share Price 26.25p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 40.20p
52 Week Low 19.35p
Volume 0
Shares Issued 1,306.10m
Market Cap £342.85m
RiskGrade 340

Savannah Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Value
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Income Not Available
Growth
14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average
13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Savannah Energy Dividends

No dividends found

Trades for --2023

Time Volume / Share Price
0 @ 0.000p

Savannah Energy Key Personnel

CEO Andrew Knott

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