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Read Panmure Gordon & Co's note on Savannah Petroleum, out this morning on Research Tree "Following an eventful year, Savannah reported a loss of US$7.9m for FY15 and had cash and net cash at 31 December of US$7.8m. The company expects to update on the potential reverse take-over transaction over the course of the next month. Savannah anticipates a return to operational activity in 2H16 including the commencement of 3D seismic acquisition focusing on the R3 area of its extensive Nigerien acreage position in the proven Agadem Rift Basin. The company expects to commence drilling activity in 1H17 targeting 10+ explo..."
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