News Releases

Nov

3

2015

Savanna Energy Services Corp. Announces Third Quarter 2015 Results and Continued Debt Reduction

Savanna generated revenue of $98 million, EBITDAS of $24.2 million ($25.2 million prior to severance charges) and a net loss, attributable to shareholders of the Company, of $8.8 million or $0.10 per share in the third quarter of 2015, compared to revenue of $200 million, EBITDAS of $42.3 million and a net loss, attributable to Read More.

Oct

27

2015

Savanna to Release Q3 2015 Results on November 2nd, 2015

Savanna Energy Services Corp. (“Savanna” or the “Company”) intends to release its Third Quarter 2015 results after markets close on Monday, November 2, 2015. The results will be available on the Company’s web site after the dissemination has taken place over the news wire service.    

Aug

10

2015

Savanna Well Servicing & Drilling New Location

Savanna Well Servicing & Drilling will be moving to a new combined location in Leduc Well Servicing will be moving in on August 14th and Drilling will be moving in on August 28th We invite you to come and visit us at our new location located at 3401 – 79th Ave Leduc, AB Phone numbers Read More.

Aug

4

2015

Savanna Energy Services Corp. Announces Second Quarter 2015 Results

Savanna generated revenue of $92.7 million, EBITDAS of $24.1 million and a net loss, attributable to shareholders of the Company, of $10.5 million or $0.12 per share in the second quarter of 2015, compared to revenue of $148.9 million, EBITDAS of $14.4 million and a net loss, attributable to shareholders of the Company, of $12.0 Read More.

Jul

8

2015

Savanna to Release Q2 2015 Results on August 4, 2015

Savanna Energy Services Corp. (“Savanna” or the “Company”) intends to release its Second Quarter 2015 results after markets close on Tuesday, August 4, 2015. 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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