SAVANNAH SPUDS ZOMO-1 WELL IN AGADEM RIFT BASIN

September 11, 2018

Savannah Petroleum PLC, the British independent oil and gas company focused around activities in Niger and Nigeria, announced that the fifth well in its current Niger drilling campaign, Zomo-1, was spudded on 8 September 2018. Zomo-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger. As with the other wells in this campaign, Zomo-1 is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target. Drilling is expected to take c.30-35 days, using Rig GW-215. The well is planned to be drilled to a total depth of 2,438 metres. The Company plans to log all prospective sections within the well, with further logging employed for hydrocarbon bearing sections. In the success case, the well will be suspended for future re-entry and further evaluation, which could include well testing. The Company intends to announce the final well results after the end of drilling and logging operations. (S0urce: Savannah Petroleum)

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