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News Releases

May

24

2017

Total Energy Services Inc. and Savanna Energy Services Corp. Announce Proposed Amalgamation Of Savanna And 2043324 Alberta Ltd.

CALGARY, ALBERTA –Savanna“) (TSX – SVY) and Total Energy Services Inc. (“Total Energy“) (TSX – TOT) announced today that they have entered into an amalgamation agreement (the “Amalgamation Agreement“) with 2043324 Alberta Ltd. (“2043324“), a wholly-owned subsidiary of Total Energy, under which Savanna will amalgamate with 2043324, with the amalgamated entity (“Amalco“) becoming an wholly-owned Read More.

May

23

2017

Savanna Energy Services Announces Executive Appointment

Calgary, Alberta May 18, 2017- Savanna Energy Services Corp. (“Savanna”) is pleased to announce the appointment of Lyle Whitmarsh as President of Savanna. Mr. Whitmarsh currently serves on the Board of Directors of Savanna and will assume the duties of President effective June 1, 2017.

May

12

2017

Savanna Energy Services Announces First Quarter 2017 Results and Temporary Waiver Amendment And Extension from Syndicated Credit Facility Lenders

First Quarter Results Calgary, Alberta May 12, 2017 TSX – SVY Savanna generated revenue of $117.3 million, EBITDAS of $10.8 million and a net loss, attributable to shareholders of the Company, of $19.8 million or $0.17 per share in the first quarter of 2017, compared to revenue of $93.7 million, EBITDAS of $20.3 million and Read More.

Apr

25

2017

Savanna Announces Change Of Control Offer For Outstanding Senior Notes And Temporary Waiver From Syndicated Credit Facility Lenders

CALGARY, April 24, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) announces that, in connection with the acquisition by Total Energy Services Inc. (“Total“) of more than 50% of the outstanding common shares of Savanna pursuant to Total’s offer to purchase all of the common shares of Savanna (the “Change of Control“), Savanna has issued Read More.

Apr

20

2017

Savanna to Release Q1 2017 Results on May 12, 2017

Savanna Energy Services Corp. (“Savanna” or the “Company”) intends to release its First Quarter 2017 results after markets close on Friday, May 12, 2017. The results will be available on the Company’s web site after the dissemination has taken place over the news wire service.  

Investor Relations 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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