Aug 7 (Reuters) - Savannah Energy PLC:

* SOUTH SUDAN ACQUISITION UPDATE

* TERMINATES AGREEMENT TO ACQUIRE PETRONAS ASSETS

* NOT BEEN POSSIBLE TO COMPLETE PROPOSED TRANSACTION WITH

PETRONAS

INTERNATIONAL CORPORATION LIMITED ON ENVISIONED TERMS

* ORIGINAL SALE AND PURCHASE AGREEMENT IS TERMINATED

* IN ACTIVE DISCUSSIONS WITH RELEVANT PARTIES ON ALTERNATIVE

POTENTIAL DELAS IN RELATION TO ACQUISITION OF PETRONAS ASSETS

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