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News Releases

Apr

5

2017

Savanna Energy Services Corp. and Total Energy Services Inc. Announce Reconstituted Savanna Board Of Directors

CALGARY, ALBERTA – Savanna Energy Services Corp. (“Savanna”) (TSX – SVY) and Total Energy Services Inc. (“Total Energy”) (TSX – TOT) announced today that the board of directors of Savanna (the “Savanna Board”) has been reconstituted following Total Energy’s recent acquisition of common shares of Savanna (as announced by Total Energy on March 25, 2017) Read More.

Apr

5

2017

Savanna Announces Considerations For Minority Shareholders

CALGARY, April 3, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) wishes to address certain matters with respect to Total Energy Services Inc.’s (“Total“) announcements that it has acquired over 50% of the outstanding common shares of Savanna pursuant to its offer to purchase all of the common shares (the “Savanna Shares“) of Savanna (the Read More.

Mar

29

2017

Savanna Announces Termination Of Arrangement Agreement With Western Energy Services Corp.

CALGARY, March 29, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) announces it has terminated the arrangement agreement with Western Energy Services Corp. (“Western“), pursuant to which Western had agreed to acquire all of the outstanding common shares of Savanna on the basis of 0.85 of a common share of Western and $0.21 in cash Read More.

Mar

27

2017

Impact Of Total Offer

CALGARY, March 27, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) today acknowledges Total Energy Services Inc.’s (“Total“) announcement that it has satisfied its minimum tender condition of 50.1% pursuant to its unsolicited offer to purchase all of the common shares of Savanna (the “Savanna Shares“) on the basis of 0.13 common shares of Total Read More.

Mar

23

2017

Savanna Reiterates Rejection of The Hostile Total Offer, Reminds Shareholders Of Superior Transaction With Western Energy

CALGARY, March 23, 2017 – Savanna Energy Services Corp. (“Savanna“) (TSX–SVY) today reiterates the Savanna board of directors’ (the “Savanna Board“) unanimous rejection of the offer from Total Energy Services Inc. (“Total“) to purchase all of the Savanna Shares on the basis of 0.13 common shares of Total (“Total Shares“) and $0.20 in cash for 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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