News Releases

Mar

22

2017

Savanna Reiterates Rejection Of The Inadequate Value Of The Total Offer And Support For Acquisition Of Savanna By Western Energy

CALGARY, March 22, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) today reiterates the unanimous support of the special committee (the “Special Committee“) of the board of directors of Savanna (the “Savanna Board“) and the Savanna Board of the acquisition of all of the issued and outstanding common shares of Savanna (the “Savanna Shares“) by Read More.

Mar

17

2017

Western Energy Corp. Underlines Offer Premium And Looks To “Cut Through The Noise” Around Its Agreement With Savanna Energy Services Corp.

CALGARY, ALBERTA ‐ Western Energy Services Corp. (“Western”) (TSX: WRG), wishes to address five additional matters concerning its recently announced proposed plan of arrangement (“Arrangement”) with Savanna Energy Services Corp. (“Savanna”) (TSX: SVY). This new communication strives to “cut through the noise” being generated by an increasingly petulant, competing hostile bidder, Total Energy Services Inc. Read More.

Mar

17

2017

Savanna Reiterates Support for Acquisition of Savanna By Western Energy Services Corp and Rejection of the Inferior Total Offer

CALGARY, March 17, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) today reiterates the unanimous support of the special committee (the “Special Committee“) of the board of directors of Savanna (the “Savanna Board“) and the Savanna Board of the acquisition of all of the issued and outstanding common shares of Savanna (the “Savanna Shares“) by Read More.

Mar

15

2017

Savanna Announces Increase to Purchase Price For Acquisition of Savanna By Western Energy Services Corp. and Reiterates Rejection of the Total Offer

CALGARY, March 15, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) is pleased to announce that Western Energy Services Corp. (“Western“) (TSX–WRG) has increased the consideration payable pursuant to its previously announced acquisition of common shares of Savanna (the “Savanna Shares“) to include the payment of $0.21 in cash per Savanna Share in addition to Read More.

Mar

13

2017

Western Energy Services Corp. Highlights Key Elements Of Its Agreement with Savanna Energy Services Corp.

CALGARY, ALBERTA ‐ Western Energy Services Corp. (“Western”) (TSX: WRG), wishes to summarize six matters relevant to its recently announced Arrangement with Savanna Energy Services Corp. (“Savanna”) (TSX: SVY). These comments also address certain subjects that have either been reported in the media or have been otherwise publicly discussed by a competing hostile bidder.  

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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