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Savanna Explains Why Friendly Proposed Acquisition By Western Energy Is Superior to Hostile Offer From Total Energy. Savanna Also Refutes Unsubstantiated And Erroneous Claims By Total

CALGARY, March 13, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) today explained why the Western Energy Services Corp. (“Western“) (TSX–WRG) friendly proposed acquisition of Savanna (the “Western Offer“) is superior to the Total Energy Services Inc. (“Total“) hostile offer (the “Total Offer“).




Savanna Announces Agreement for the Acquisition of Savanna by Western Energy Services Corp. and Unanimously Recommends Rejection of Total’s Amended Unsolicited Offer for Savanna

CALGARY, March 9, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) is pleased toannounce that it has entered into an arrangement agreement (the “Arrangement Agreement“) with Western Energy Services Corp. (“Western“) (TSX–WRG) pursuant to which Western has agreed to acquire all of the issued and outstanding common shares of Savanna (the “Savanna Shares“) on the Read More.




Savanna Energy Services Corp. Announces Fourth Quarter and Year-End 2016 Results

Fourth Quarter Results Calgary, March 8, 2017-Savanna generated revenue of $104.2 million, EBITDAS of $12.2 million and a net loss, attributable to shareholders of the Company, of $18.9 million or $0.20 per share in the fourth quarter of 2016, compared to revenue of $100.8 million, EBITDAS of $22 million and a net loss, attributable to Read More.




Savanna Responds to Total’s Amended Unsolicited Offer for Savanna

CALGARY, March 1, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) advises that it is aware that, on March 1, 2017, Total Energy Services Inc. (“Total“) amended its unsolicited offer to acquire, subject to a number of conditions, the outstanding common shares of Savanna (“Common Shares“).




Savanna to Release Q4 and Year-End 2016 Results on March 8, 2017

Savanna Energy Services Corp. (“Savanna” or the “Company”) intends to release its Fourth Quarter and Year-end 2016 results after markets close on Wednesday, March 8, 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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