StockMarketWire.com - Savannah Petroleum said its Niger subsidiary had submitted a feasibility study to the country's energy ministry in relation to a planned early production scheme and development proposal.

The study related to the R3 East portion of the R3/R4 production sharing contract area of the Agadem Rift Basin of South East Niger.

It documented Savannah's plans to develop the resources discovered during its 2018 drilling campaign, which delivered five discoveries from five exploration wells.

Early production from the company's planned well test on the Amdigh-1 discovery was expected to be transported via truck to the Agadem-Zinder pipeline tie-in point.

Following evaluation of results from the Amdigh-1 well test, the company said it intended to submit an addendum to reflect the relevant technical data from the well test campaign into the planned development scheme.

'We are very pleased to have submitted our feasibility study in relation to our planned R3 East EPS in Niger,' chief executive Andrew Knott said.

'The feasibility study is a key marker along the way to us bringing our R3 East discoveries into production, and a further endorsement of our commitment to further developing Niger's oil industry.'




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