Dec 15 (Reuters) - Savanna Energy Services Corp SVY.TO :
* Savanna Energy Services Corp - special committee anticipates that a strategic alternatives process will commence in early 2017
* Savanna Energy Services Corp - seven original new-build contracts, still in place in Australia, begin to expire in second half of 2017
* Savanna Energy Services Corp - "based on current trends, stronger activity levels are expected to continue into 2017"
* Savanna Energy Services Corp - special committee intends to conduct a formal process early next year to explore strategic alternatives
* Savanna Energy Services Corp - Savanna expects to be operating 13 drilling rigs in Q1 2017
* Savanna Energy Services - expects to run between 25, 30 service rigs on average in Q1 2017, compared to average of 20 service rigs working during Q1 2016
* Savanna Energy Services Corp reports interest from potential bidders and continued improvement in drilling and well servicing activity Source text for Eikon: ID:nMKWY1CSDa Further company coverage: SVY.TO