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Resorting to personal insults, longshort. I win this one hands-down.
That you cannot refute what I have said will niggle away inside your brain, though.
Thank You, now go pedal your rightgeous sh--e somewhere else your filtered.
Even the term ' Conspiracy Theory ' has been corrupted and co-opted.
Definition CONSPIRACY :
An agreement to perform together an illegal, wrongful, or subversive act.
A group of conspirators.
An agreement between two or more persons to commit a crime or accomplish a legal purpose through illegal action.
https://duckduckgo.com/?q=definition+conspiracy&t=brave&ia=web
Definition THEORY :
A set of statements or principles devised to explain a group of facts or phenomena, especially one that has been repeatedly tested or is widely accepted and can be used to make predictions about natural phenomena.
https://duckduckgo.com/?q=definition+theory&t=brave&ia=web
So, a conspiracy theory is ..... a widely tested and accepted ( through facts, evidence, discussion, evaluation, analysis etc ) explanation of an agreement to perform an illegal, wrongful or subversive act. ( to paraphrase earlier definitions. )
A perfect description of the destruction of the Nordstream pipeline, no less !!
Thus, this Conspiracy Theory is a righteous, beneficial or good thing to me !!!
I'm Proud to be a conspiracy theorist on these terms.!!!
Another example of how propaganda twists things in the minds of unquestioning and unthinking people.
What, that the Russians would blow up their own pipe, thus denying themselves the income from their gas sales !
This is the excellent and well referenced article produced by that impeccably respected and award winning journalist ( Oh sorry, Putin Puppet and Hitler sympathiser ) Seymour Hersh.
https://seymourhersh.substack.com/p/how-america-took-out-the-nord-stream
Here is Zombie Joe Biden saying that the US admin will destroy Nordstream :
Speaking to reporters on February 7, Biden said: "If Russia invades, that means tanks or troops crossing the border of Ukraine again, there will no longer be a Nord Stream 2."
https://www.youtube.com/watch?v=OS4O8rGRLf8
Also said by Nuland and Blinken
"We continue to have strong, clear communication with our German allies," Under Secretary for Political Affairs Victoria Nuland said. "If Russia invades Ukraine, one way or another, Nord Stream 2 will not move forward."
Her comments echoed those made by Secretary of State Antony Blinken earlier this week, but reporters pushed back on the ability to enforce this threat given the pipeline’s physical completion.
https://www.foxnews.com/politics/state-dept-vows-nord-stream-2-hunk-metal-bottom-ocean-russia-invades-ukraine
You UK guys need to climb out of the Plato's Cave of propaganda you are continually fed by the BBC and regime controlled
mainstream media and question things a bit more. I know that many foreign channels are blocked or ignored in the UK. Honestly, you are receiving a totally different version of reality than those of us who live outside the UK and get a more balanced and nuanced version of events, and freer access to both facts and a range of opinions.
Well you can't beat a good conspiracy theory !!!
You think anyone will ever again let the US near an oil or gas pipeline, after they blew up Germany's Nordstream ! and 2 !!!
Hopefully the US can step up in the region as a whole to act as alternatives to France and Wagner.
Let's hope positive things to come in Niger with export pipeline potentially starting Jan 2024 and potential ease of sanctions
https://www.reuters.com/world/africa/niger-junta-agrees-plan-restore-democracy-togo-minister-says-2023-12-15/
Thanks for sharing Rockyride - I do truly believe the downside risk is limited Accugas going from strength to strength. You have to remember that we would have been suspended for a whole year and Accugas has continued to grow with Amocon gas contract as well all of that will be factored in when we return, plus if they finally get the debt restructuring out the way than that will contribute to the sp as well alongside the CPF facility completion in a matter of months, if Niger and CNPC start pipeline export i can see some positive sentiment filtering through from that as well as the market will anticipate a potential higher chance of us starting work in Niger.
Somebody very kindly sent me this a little earlier. And to reiterate my previous point without wanting to be defensive or negative, should the SS deal fail, the longer it takes for us to be informed, the higher the re-list price due to the excellent performance of Accugas. I would estimate that the debt being reduced at the moment is adding around 0.5p to 1p to the SP each month. And at this rate, compression will be completed with new customers added before we find out our destiny of the SS deal which is still huge. Whilst a failed deal could relist us lower than 26.35p and a successful deal at 80p, I would be extremely happy for 30p and 60p for the 2 respective scenarios. Here is the SCAP note that I was sent:-
E&P trading comments
Savannah Energy+
South Sudan acquisition update
In a short RNS this morning, Savannah has confirmed that (further to its prior announcements) the company continues to advance the various workstreams required to complete the acquisition of PETRONAS International's South Sudanese portfolio.
Regarding this major proposed reverse takeover transaction, Savannah reports today that AIM has granted a further extension to 1 February 2024, with subsequent updates to be provided as and when appropriate. Given the relatively close proximity of the prior 15 December 2023 extension deadline, and the beginning of February 2024, we maintain confidence in Savannah's ability to publish the related AIM admission document within this newly updated timetable.
Whilst publication of the admission document relating to the South Sudanese reverse takeover deal was previously expected to occur around now, we sense nonetheless that Savannah is pressing on to ensure that this can occur in a matter of weeks - noting AIM's granting of the further extension announced today.
We will obviously continue to look forward to admission document publication, at which point we will be in a position to fully assess the incoming South Sudanese assets. Whilst the shares will naturally remain suspended ahead of this, we continue to forecast material organic revenues and cash flow in the meantime. Our last-published Risked NAV estimate stands at 45p/share.
I remember us being interested in Zafiro at one point, one thing is for certain there is a growing theme amongst African countries is they are not to keen on oil majors selling to other international independents and most assets will become either state owned or local players
Oil divestments will happen in africa but i reckon national oil companies or local players will end up with the assets in 95% of the cases. Only 5% of the cases you may see a small incremental deals go through but the bulk of the big deals will be hard to close from an approvals perspective.
The project that matter strategy in Africa may need to be reviewed if Savannah is unable to land hydrocarbon deals in Africa there will come a point where the company might need to pivot and look for assets elsewhere around the globe if possible, or just continue to maximise accugas assets and work up an aggressive exploration, development and production plan for Niger when possible to get to 20,000 bopd per day from Niger.
As far a hydrocarbon deals in Africa go most deals will be similar drag unless consents are granted when SPA is struck otherwise these deals become pointless.
Equatorial Guinea
Teodorin puts finishing touches to ExxonMobil's departure
The US major is selling off all its assets to the Equatorial Guinean government, which is in the process of selecting its future oil partners.
ExxonMobil could sell the Zafiro oil field to Equatorial Guinea as early as 2024. Africa Intelligence understands that Antonio Engonga Oburu's oil ministry is on the point of wrapping up exclusive negotiations with Petrofac to create a partnership to operate Zafiro. The choice is surprising given the British company's plummeting share price following liquidity problems.
According to the terms of the deal, Petrofac would act as technical partner and would have to provide a new floating production storage and offloading (FPSO) platform to collect the crude oil, as the current FPSO is damaged. The state-owned GEPetrol would be the official operator of the field (which produces 25,000-30,000bpd), a solution strongly supported by the vice president and heir to the throne, Teodorin Obiang Nguema. He took over responsibility for oil and gas after his half-brother Gabriel Obiang Lima left the oil ministry in February and now decides on everything in the sector along with Antonio Oburu, with whom he maintains friendly relations.
in 2019-2020, the Equatorial Guinean government - and in particular Nguema - refused to accept Trident Energy as a buyer of (see our previous coverage), and since then ExxonMobil has failed to find an alternative.
ExxonMobil quits exploration
Besides Zafiro, ExxonMobil in early December put the finishing touches to the sale of its two exploration blocks in the Equatorial Guinean offshore fields EG-06 (obtained in 2015) and EG-11 (2017). Chevron will take over these two licences, where gas discoveries have been made, notably in EG-06 in 2017 (Avestruz-1).
Chevron has become a key player in Equatorial Guinea since it took over Noble Energy in 2020. The company owns producing fields at Aseng (oil) and Alen (gas) as well as discovered but as yet undeveloped fields at Yoyo (on the Cameroon side) and Yolanda (Equatorial Guinea), both rich in gas and condensates. An agreement was signed on 17 March in Yaoundé between Cameroon President Paul Biya and his Guinean counterpart Teodoro Obiang Nguema on the sidelines of the 15th summit of the Central African Economic and Monetary Community (Cemac) to jointly develop these deposits.
Https://careers.savannah-energy.com/job/Victoria-Island-Senior-Electrical-Engineer-LA/849288555/
Reading the concluding paragraphs here puts our investments in perspective.
Admittedly it is from the odious United Nations, but paras 18-22 made me pause and reflect.
https://reliefweb.int/report/south-sudan/statement-mr-nicholas-haysom-special-representative-secretary-general-and-head-unmiss-united-nations-security-council-briefing-14-december-2023?utm_medium=social&utm_campaign=shared&utm_source=twitter.com
As most on here know, AIM mandate suspension and Ad Doc to be issued / resumption of trading within 6 months of suspension date for all RTO’s. We often see extensions being issued to the 6 month rule (VERY OFTEN for Savannah Energy LOL), especially for RTO’s taking place in slow and cumbersome jurisdictions, such as the ones in which we chose to operate.
AIM are quite accommodating and very understanding of the complexities involved in complex deals, especially in African Nations. When extensions are granted, AIM will want to see progress being made and think there is a realistic chance of completion. However, they do not give extensions for fun and they do not grant them ad finitum.
With the date of this latest extension being mid-week and no mention of the Admission Document or re-list (for the first time), I think this RNS is specific to our AIM listed shares and specific to AIM requirements. If so, AIM will want to see significant progress by 1st Feb 2024.
As we move forward I can only see 4 possibilities:-
1 The deal progresses well and Savannah issue an Admission document / re-list date.
2 We make progress, not enough to issue AD but we do make enough for AIM allow another extension.
3 We don’t make enough progress by 1st Feb for AIM to allow extension and we are forced to re-list. Ie SS deal dies!
4 Extremely remote chance of it happening but we could be de-listed from the stock market
I get the feeling that significant work-streams are still being worked on and AIM’s patience are starting to run out. I may be a million miles off the mark here, but in the absence of any meaningful information being provided by AIM - this is my best guess of where we are at following the RNS this morning.
Shame that they've made use of the one year suspension period to inform shareholders of virtually nothing, and when they do put out an RNS with a supposed update, it tells us - virtually nothing. Would have been nice to combine with an ops update of what's going on elsewhere. I hope they are not still paying Comarco a quarterly retainer.
Sorry to hear that deal in South Sudan has been delayed until Feb.
Not easy doing a deal in that part of the world.
Have a good festive period.
Wildcat Petroleum Plc
That's what I was trying to say, Sandwiches.
Maybe everyone's filtered me... :-(
The RNS of the 13th Dec 2022 states
“NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
Following a Reverse Takeover the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.”
Surely the only meaning to the word cancellation in todays RNS is what they say which is that they are extending the cancellation of trading on AIM until Feb 1st. I don’t see it can be interpreted as cancelling the reverse takeover or delisting the shares.
The cancellation date is 13 December 2022.
I imagine the AD publication is not possible as certain confidentiality clauses may be breached. Or mgmt has just decided to pull the shutters down until all conditions precedent are satisfied. Or something else.
Is it not the case that the shares get cancelled and then relisted, hence the re admission doc , that is my understanding anyway, i don't read anything sinister in this just a different way of putting it.
2/12/22
Trading in the Company's ordinary shares will be suspended from trading on AIM with effect from 7.30 a.m. this morning, and will remain so pending publication of an AIM Admission Document setting out, inter alia, details of the Transaction, or confirmation is provided that the Transaction has been terminated.
----------------------------
**** Full details on the conditions to completion of the Transaction will be set out in the AIM Admission Document. ****
----------------------------
8/6/23
intends to publish an AIM Admission Document by 28 July 2023,
27/7/23
publish on or before 30 September 2023, following such point the Company will seek restoration to trading on AIM
29/9/23
now intends to publish an AIM Admission Document in respect of the PETRONAS Acquisition on or before 15 December 2023
14/12/23
Further to the Company's announcement on 29 September 2023, the Company continues to advance the various workstreams required to complete the acquisition of PETRONAS International Corporation Limited's energy business in South Sudan. In this regard, a further extension to the Company's cancellation date has been granted to 1 February 2024. Further updates will be provided as and when appropriate.
Question on the need for clarity
Why has the adm doc not been issued giving the ****full details on the conditions necessary to complete the Transaction**** which they clearly stated 12 months ago. ?
Also when they refer today to a cancellation date of 1/1/24 - i'm leaning to that meaning we will be delisted rather than cancellation of the actual deal given they state we're 'advancing' the workstreams - what do others think.
This RNS talks about cancellation.
Of course, it was cunningly entitled "Readmission..."
I suspect 1 Feb 2024 is fill-or-kill.
13 Dec 2022 08:00
RNS Number : 4007J
AIM
13 December 2022
NOTICE
13/12/2022 - 08:00
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
Following a Reverse Takeover the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Good point Zengas as i was wondering why the change of language.
On 29/09/23 SAVE stated 'now intends to publish an AIM Admission Document in respect of the PETRONAS Acquisition on or before 15 December 2023, following such point the Company will seek restoration to trading on AIM of its ordinary shares.'
Now they state 'a further extension to the Company's cancellation date has been granted to 1 February 2024.'
We can read it that an AD will not be published on the 15th (tomorrow), but we should not have to interpret it - it should be clearly stated.
Zengas - It's definitely not the usual wording so you could be right, this time they haven't referenced the admission document date. Could the following be possible:
1) Admission Document is complete except with the formal government approvals. ?
2) Do they want to only release the admission document with approval and not without ?
3) Could they release the admission document still before the 1 Feb 24 i.e this month but still remain suspended for 4 weeks until 1 Feb 24, by pushing the cancellation date. Perhaps this allows them to publish and put pressure on other parties for approval whilst still staying suspended ?
Definitely interesting choice of words used and surely intentional choice of words