News Releases

Dec

16

2013

Fort McKay First Nation and Savanna Energy Services Corp. Acquire Initial Equipment in Partnership

CALGARY, AB, December 16, 2013 ‐ Savanna Energy Services Corp. (“Savanna”) and Fort McKay First Nation (“Fort McKay”) are pleased to announce that Fort McKay‐Savanna Energy Services Limited Partnership (“Partnership”) has agreed to an initial purchase of approximately $19.5 million of equipment, funded by a combination of cash and capital contributions by Fort McKay and Read More.

Dec

10

2013

Savanna Announces Dividend

Savanna Energy Services Corp. (“Savanna”) is pleased to announce that its Board of Directors has declared a monthly dividend payment of $0.03 (Cdn.) per share to holders of Common Shares. The date of record will be December 31, 2013 and the payment date will be January 15, 2014. This dividend is an eligible dividend for Read More.

Nov

21

2013

Savanna Announces Initial Capital Program and Strategic Focus for 2014

Savanna Energy Services Corp. (“Savanna” or “the Company”) has approved an initial capital budget providing for growth and expansion. The strategic focus of the Company in 2014 is centered on: expanding its footprint in Australia, entering the triple drilling rig market in North America, and improving the utilization of its North American service rig fleet. Read More.

Nov

12

2013

Savanna Announces Dividend

Savanna Energy Services Corp. (“Savanna”) is pleased to announce that its Board of Directors has declared a monthly dividend payment of $0.03 (Cdn.) per share to holders of Common Shares. The date of record will be November 29, 2013 and the payment date will be December 16, 2013. This dividend is an eligible dividend for Read More.

Nov

7

2013

Savanna Announces Q3 2013 Results and Rig Additions for Australia

Savanna Energy Services Corp. (“Savanna” or “the Company”) generated EBITDAS of $38.2 million on $170.6 million of revenue in Q3 2013, compared to EBITDAS of $36.4 million on $158.7 million of revenue in Q3 2012. The increases were primarily a result of substantial increases in Australian activity and operating results, and higher utilization in Canadian 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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