Savannah Petroleum has signed a âlock-up agreementâ regarding the USD 140 MM acquisition of assets of Seven Energy Intl, after discussing picking up some of Sevenâs onshore holdings in the Niger Delta earlier this year. This would involve interests in the Uquo (40%) and Stubb Creek (62.5% from Universal Energy Resources, itself holder of 51% in the field) o+g fields, and a stake in the 260km Accugas gasline and associated infrastructure. The deal does not involve Seven Exploration & Production. Savannah would be out of pocket of USD 87.5 MM cash and USD 52.5 MM shares, implying a possible new share issue. The deal is complex, release + details from Savannah . 
Nigeria (Niger Delta) (It's a petroleum rights. Please summarize by yourself). In IHS database: Stubb Creek op. by UNIV EN RS (60.0%, SINOPEC 40.0%) to be check.Uquo op. by FRONTIER L (100.0%) to be check.