On 13th December 2021, Savannah announced that it had entered into a Share Purchase Agreement (“SPA”) with PETRONAS (E&P) Overseas Ventures SDN. BHD. (“PETRONAS”) to acquire PETRONAS’ upstream and midstream asset portfolio in Chad and Cameroon.
Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied, and Savannah and PETRONAS have, therefore, mutually agreed to terminate the SPA with immediate effect.
For further information, please refer to the Company’s website www.savannah-energy.com or contact:
Okwudili Onyia, Communications Manager +234 2770650
Four legal actions instituted against the 2027 governorship ambition of the All Progressives Congress (APC)…
BY KAREN IBRAHIM When Governor Dauda Lawal spoke about infrastructure at the flag-off of one…
Nollywood stars, filmmakers and leading entertainment industry personalities gathered at Fame, Lekki, Lagos, on Sunday…
In a welcome and unprecedented manner as governorship campaigns begins, four major court cases instituted…
The forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery presents Nigerians with a rare…
AFOLABI SAHEED OLAWALE The Revenue Monilisation Allocation and Fiscal Commission (RMAFC) says its proposed oil…