Savannah reported a net loss per share of US$0.01 for the half which saw cash and net cash on the balance sheet end at US$0.7m, ahead of the successful US$40m equity raise. Seismic acquisition in Niger is underway, drilling is expected to commence in 1H17, Savannah expects to announce a farm-out head of drilling and is also holding a capital markets event in November. These provide multiple catalysts that could drive investor interest. We have a 70p per share target price which could rise sha
 
                    - 27 Sep 2016 
Interim results - Catalysts
 
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Interim results - Catalysts
Savannah Energy Plc (SAVE:LON) | 7.0 0 0.0% | Mkt Cap: 149.0m
- Published: 27 Sep 2016 
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                                            Author:
                                                Colin Smith 
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                                            Pages:
                                                3 
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Savannah reported a net loss per share of US$0.01 for the half which saw cash and net cash on the balance sheet end at US$0.7m, ahead of the successful US$40m equity raise. Seismic acquisition in Niger is underway, drilling is expected to commence in 1H17, Savannah expects to announce a farm-out head of drilling and is also holding a capital markets event in November. These provide multiple catalysts that could drive investor interest. We have a 70p per share target price which could rise sha
 
             
              
             
              
             
              
             
                