Savannah Announces signature of seismic call-off order

Savannah Announces signature of seismic call-off order

Savannah Petroleum PLC (“Savannah”) announced the signature by one of its subsidiaries of a call-off order (“Call Off”) under the previously signed framework contract for seismic acquisition services with BGP Niger SARL (“BGP”).
The Call Off provides for the acquisition of c.800km2 of 3D seismic data over part of the Company’s R3 license area in south east Niger.
The data acquired will provide enhanced definition over 12 existing mapped exploration targets (“Targets”), identified on Savannah’s existing 2D seismic dataset.
The Targets themselves incorporate stacked traps at multiple play levels (the Oligocene Upper Sokor, the Eocene Sokor Alternances and the Upper Cretaceous Yogou formations) which may be evaluated in single exploration wells. In addition, the historical application of 3D seismic in this basin clearly demonstrates that additional Targets tend to be added to the portfolio through the additional coverage that the data provide.
Mobilisation of crew and equipment is expected to commence shortly, and further updates will be provided as appropriate.
Source: Savannah Petroleum PLC
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