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Oilman Jim's Private Blog


Savannah Petroleum - Seven Energy Administration Court Hearing

Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to provide an update in relation to the Seven Energy Transaction (the "Transaction").

A court hearing was held yesterday at the High Court of Justice, Business and Property Courts (the "Court"), to consider the appointment of administrators to Seven Energy International Limited which is a key step of the Transaction. This request was duly granted by the Court, and as such final long-form documentation with respect to Transaction completion will now be executed in accordance with agreed steps.

Further updates in relation to the Transaction will be published as appropriate, and the publication of a Supplemental Admission Document will follow completion in due course.

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