Savanna Energy Services Corp. announced that its Board of Directors has declared a monthly dividend payment of CAD 0.03 per share to holders of Common Shares. The date of record will be May 31, 2013 and the payment date will be June 14, 2013.

Savanna Energy Services Corp. announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of CAD 236,886,000 compared to CAD 233,701,000 a year ago. EBITDAS was CAD 67,987,000 or CAD 0.76 per diluted share compared to CAD 75,067,000 or CAD 0.85 per diluted share a year ago. Net earnings were CAD 29,619,000 compared to CAD 37,022,000 a year ago. Net earnings attributable to shareholders of the company were CAD 27,767,000 or CAD 0.32 per diluted share compared to CAD 35,194,000 or CAD 0.41 per diluted share a year ago. Operating cash flows were CAD 66,283,000 or CAD 0.77 per diluted share, down from CAD 71.7 million, or CAD 0.84 per diluted share. Acquisition of capital assets was CAD 24,536,000 compared to CAD 48,081,000 a year ago. EBITDAS attributable to the shareholders of the company stood at CAD 65.7 million, down from CAD 73 million. Net debt, net of working capital of CAD 141 million at March 31, 2013 was CAD 121 million, a decrease of CAD 35 million or 22% from the company’s CAD 156 million of net debt position at December 31, 2012.

Savanna Energy Services Corp. declared first quarter dividends totaling $7.7 million or $0.09 per share. Of the dividends declared, $2.1 million was reinvested in additional common shares through the company's dividend reinvestment plan.