Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Savannah Petroleum said it was in the final stages of the ministerial consent process for its key Seven Energy transaction in Nigeria.
The company said 'good progress' continued to be made on other transaction workstreams including the finalisation of long-form documentation in relation to the AIIM Investments, the Accugas debt restructuring and the Frontier swap.
Savannah's planned Amdigh-1 well test was expected to be approved by Savannah Niger following the completion of the Seven Energy transaction.
'Timing of the commencement of the well test is expected to be contingent on the procurement of long-lead items necessary for well test operations,' the company said.