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Savanna's 8 Rig Contracts to Offset Activity Decline
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Savanna Energy Services Corp. generated its highest fourth quarter revenue and operating margins in the Company's history in Q4 2014.
Virtually all of its operating divisions achieved activity, revenue and operating margin increases relative to Q4 2013, despite industry headwinds. In addition, Savanna's first Velox™ triple drilling rig, two new-build Australian workover rigs and two new-build Australian flush-by units all commenced operations in the quarter.
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