24th Feb 2015 09:23
LONDON (Alliance News) - Savannah Petroleum PLC on Tuesday said it has completed the full tensor gradiometry survey at the Agadem Rift Basin in Niger.
Savannah said the data acquired in the survey will be processed and interpreted, and the results integrated into the company's subsurface model for the basin.
"The operational completion of the FTG survey marks another important step for Savannah. We are pleased that it was completed ahead of time and on budget and believe it will prove instrumental in advancing our understanding of the basin," said Savannah Chief Executive Officer Andrew Knott.
Savannah Petroleum shares were untraded on Tuesday, having last traded at 26.45 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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