Niger: Savannah to drill in H1 17

Issue 332 - 18 Oct 2016 | 1 minute read

London-based Savannah Petroleum plans to start exploration drilling in H1 2017, following completion of an 800km2 3D seismic survey over part of the R3 area. Announcing its first-half results on 27 September, Savannah said the survey by BGP Niger aimed to provide enhanced definition over 12 existing mapped exploration targets and to identify new targets not mapped on existing 2D seismic. Completion is expected in early 2017. Savannah, which raised $40m in a share placing on London’s AIM market in July 2016 to fund the next phase of seismic and drilling said it was talking to potential farm-in partners, and planned to hold a capital markets event in Niger in November.

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