Savanah shares have been suspended following the announcement that it is in advanced exclusive negotiations with ExxonMobil to acquire its upstream and midstream assets in Chad and Cameroon. This is a material transaction that if completed will catapult Savannah into the UK E&P Premier League. Moreover, given the increasing investor pressure ExxonMobil is facing to accelerate its energy transition efforts, this is unlikely to be its last disposal. A successful transaction would likely open the d ....
03 Jun 2021
Savannah Energy - Major acquisition announced
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Savannah Energy - Major acquisition announced
Savannah Energy Plc (SAVE:LON) | 26.4 0 0.0% | Mkt Cap: 346.7m
- Published:
03 Jun 2021 -
Author:
Jonathan Wright -
Pages:
3
Savanah shares have been suspended following the announcement that it is in advanced exclusive negotiations with ExxonMobil to acquire its upstream and midstream assets in Chad and Cameroon. This is a material transaction that if completed will catapult Savannah into the UK E&P Premier League. Moreover, given the increasing investor pressure ExxonMobil is facing to accelerate its energy transition efforts, this is unlikely to be its last disposal. A successful transaction would likely open the d ....