Following shareholder approval of its successful US$40m raise, Savannah is now funded to start an initial exploration programme, including drilling, that should help validate the inherent value in its Nigerien acreage position. CGG has now confirmed 2bnbbl plus risked resource potential. Savannah continues to target a farm-out and we believe it is credible to anticipate a deal before year end, benefitting from potential favourable changes to Savannah’s terms. While we find it easy to ge
