Savannah enters into pact with Niger


Savannah Petroleum has signed a memorandum of understanding (MOU) with Niger relating to an early production scheme (EPS) in the Agadem Rift Basin

Market info

Savannah Petroleum raises $36million from share placing


Savannah Petroleum has raised $36million after placing more than 61million shares at a value of 38 pence each. The Niger focused oil and gas firm said an estimated 17,136,000 of these placing shares will be subscribed directly within the company. The placing shares represent 47% of the company’s existing ordinary share capital and will be issued in two tranches.