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Latest News

 

(March 22, 2017) Savanna Reiterates Rejection of The Inadequate Value Of The Total Offer And Support For Acquisition of Savanna By Western Energy

(March 17, 2017) Savanna Reiterates Support For Acquisition Of Savanna By Western Energy Services Corp. And Rejection Of The Inferior Total Offer

 (March 16, 2017) Western Energy Services Corp. Underlines Offer Premium and Looks to “Cut Through The Noise” Around Its Agreement With Savanna Energy Services Corp.

(March 15, 2017) Savanna Announces Increase to Purchase Price For Acquisition of Savanna By Western Energy Services Corp. and Reiterates Rejection of the Total Offer

(March 13, 2017) Western Energy Services Corp. Highlights Key Elements Of Its Agreement With Savanna Energy Services Corp.

(March 13, 2017) Savanna Explains Why Friendly Proposed Acquisition By Western Energy Is Superior To Hostile Offer from Total Energy. Savanna Also Refutes Unsubstantiated and Erroneous Claims By Total

(March 9, 2017) Savanna Announces Agreement for the Acquisition of Savanna By Western Energy Services Corp. And Unanimously Recommends Rejection of Total’s Amended Unsolicited Offer For Savanna

(March 1, 2017) Savanna Responds to Total’s Amended Unsolicited Offer for Savanna

(January 10, 2017) Savanna Commences Strategic Process, Reiterates Recommendation to Shareholders to Reject the Total Offer, Announces 2017 Capital Budget and Provides Operational Update

(December 23, 2016) Savanna Board Unanimously Recommends Rejection of Total Offer. Total Offer Significantly Undervalues Savanna

(December 15, 2016) Savanna Energy Services Corp. Reports Interest from Potential Bidders and Continued Improvement in Drilling and Well Servicing Activity

(December 13, 2016) Savanna Announces Closing of Debt Financing, Private Placement and Bought Deal Financing

(December 12, 2016) Savanna Appoints Special Committee to Oversee Response to Total Energy’s Unsolicited Takeover Bid-Advises Shareholders to take no action

(November 28, 2016) Savanna Provides Update to AIMCo Financing

(November 24, 2016) Savanna Responds to Announcement of Total’s Intention to Make An Unsolicited Offer For Savanna

(November 22, 2016) Savanna Announces Concurrent Debt Financing, Private Placement and Bought Deal Financing

 

Shareholder Disclaimer

Savanna Energy Services Corp. ("Savanna" or "the Company") is a public company trading on the Toronto Stock Exchange under the symbol SVY. Savanna's expectations and predictions for the future are discussed in our press releases, presentations, quarterly and annual reports. Such statements, including statements in this document and the documents listed above that relate to matters that are not historical are forward-looking statements within the relevant securities regulations in Canada and elsewhere. Certain forward-looking statements may constitute projections regarding future events or the future financial performance of Savanna Energy Services Corp. When used in this website, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect" and similar expressions, as they relate to Savanna Energy Services Corp., are intended to identify forward-looking statements. Such statements reflect Savanna Energy Services Corp.'s views at the time such statements are made with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Savanna Energy Services Corp.'s actual results, performance or achievements to vary from those expressed or implied in such forward-looking statements or could affect the extent to which a particular projection is realized.

It is important to take the following factors into consideration when evaluating Savanna Energy Services Corp.

  • The rise and fall in worldwide prices and demand for oil and gas.
  • Changes in the demand for our services, competitors' existence, technological changes and developments in the oilfield services industry.
  • Changes in levels of natural gas and crude oil exploration and development activities.
  • The continuation of operating risks inherent in the oil field services industry.
  • The continuation of regulatory and legislative uncertainties.
  • The change in tax laws.
  • Political instability, war or acts of terrorism in any of the countries in which we do business.
  • General economic conditions.

Savanna's business depends significantly on the level of spending by oil and gas companies for exploration, development and production activities. Sustained increases or decreases in the price of natural gas or oil could materially impact such activities, and thereby materially affect our financial position, results of operations and cash flows.

The above disclaimer outlines the risks and factors which are important to consider.

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