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News Releases

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.  

Apr

18

2017

Savanna Announces Receipt Of Demand For Payment Of Termination Fee

CALGARY, April 18, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) announces it has received a demand (the “Notice“) from Western Energy Services Corp. (“Western“) for payment of a termination fee in the amount of $20 million pursuant to the arrangement agreement between Savanna and Western dated March 8, 2017, as amended on March 14, Read More.

Apr

12

2017

Savanna Announces Receipt Of Demand For Payment Pursuant to Second Lien Credit Facility

CALGARY, April 11, 2017 – Savanna Energy Services Corp. (“Savanna”) (TSX–SVY) announces it has received a notice (the “Notice”) of an event of default pursuant to its second lien credit facility with Alberta Investment Management Corporation (“AIMCo”) as a result of the acquisition by Total Energy Services Inc. (“Total”) of more than 50% of the Read More.

Apr

11

2017

Total Energy Services Inc. Announces Further Take-Up Of Savanna Common Shares and Extension Of Period For Tender of Additional Savanna Common Shares Under Its Offer

CALGARY, ALBERTA – Total Energy Services Inc. (TSX:TOT) (“Total Energy”) announced today that 35,641,916 common shares (“Savanna Common Shares”) of Savanna Energy Services Corp. (“Savanna”) were validly tendered (and not withdrawn) under its offer (the “Offer”) to purchase outstanding Savanna Common Shares after the expiration of the initial deposit period for the Offer (at 11:59 Read More.

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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