Re-admission of existing share capital of Savannah Energy to AIM

BDO acted as reporting accountant in respect of the Supplemental Admission Document published in April 2020 for the re-admission of the existing share capital of Savannah Energy to AIM following completion of the Seven Energy transaction.  At the time of publication, Savannah Energy had a market capitalisation of $99.6 million.

In November 2019, Savannah Energy announced the completion of the acquisition of certain companies from Seven Energy Group.  Following the acquisition, Savannah has a significant interest in a large-scale integrated gas production and distribution business capable of supplying c10% of Nigeria's power generation capacity.  Savannah also holds two significant licences in Niger's main petroleum basin.