Member Info for Che7win

Maybe the director cap needs raised when they get their £billion deal

Added again earlier.

“ EBT only acquired 210,000,000 on 22 October 2025”

You mean SAVE shareholders were diluted by 210,000,000 shares which then Andrew is using to buy at diluted price with share price on its knees.

The rot was exposed when 25p share price frozen was engineered to relist at 7p

The only positive I can see is that Andrew sees the company as materially undervalued.

So shareholder funded EBT and now we see a game plan for Andrew to take over 20% ownership by taking over the shares and funded by EBT

He is buying 6% of the company using… the company’s own trust

• He pays £1.75m now

• He pays £7m over six years

• He pays 6% interest

• The EBT (a company trust) is effectively financing the CEO’s share purchase

• He gives a personal guarantee, but that’s only as good as his solvency

This is not normal for a listed company.

It is effectively a leveraged management buy‑in using:

• company‑related assets

• deferred consideration

• a structure that avoids triggering takeover rules

B. He jumps to ~20% ownership

This is a huge stake for a CEO of an AIM company with:

• delayed accounts

• geopolitical exposure

• litigation risk

• weak institutional ownership

At 20%, he is now the dominant shareholder.

The new £32m NIPCO loan — unusual but strategically clever

This is the most important part of the announcement.

Key features

• £32m unsecured, 4.5% interest, 36‑month term.

• Savannah-only conversion right at 8p per share.

• NIPCO cannot force conversion.

• Conversion requires:• Takeover Panel Rule 9 waiver

• Independent shareholder approval

• Or NIPCO reducing its stake beforehand.

Why this matters

• This is effectively a shareholder‑backed safety net, giving Savannah liquidity without market dilution unless Savannah chooses it.

• The 8p conversion price is well above the recent trading range — signalling confidence from NIPCO and management.

• The structure is highly protective for existing shareholders.

This is a materially positive operational and cash‑flow update, paired with a strategically important but unusual shareholder‑funded loan facility.

However, it also confirms ongoing structural risks: delayed accounts, heavy receivables exposure, high net debt, and major arbitration uncertainty.

The update is not neutral — it is clearly designed to reassure shareholders ahead of the 1 June AGM.

1. Operational performance — solid, with credible progress

Key positives:

• 48% YoY increase in cash collections (US$183.5m).

• 17% YoY revenue growth (US$104.1m).

• 22% reduction in receivables (still huge at US$395m).

• Stubb Creek production up 8% after expansion works.

• Uquo NE well completed, first gas expected July 2026.

• Uquo South exploration well targeting 131 Bscf GIIP — meaningful upside.

Interpretation:

This is the strongest operational update Savannah has issued in over a year. The receivables reduction is particularly important because the Nigerian gas business has historically been the company’s biggest cash‑flow bottleneck.

Caveat:

Group production is down (15.7 Kboepd vs 18.8 Kboepd FY25), but this is explained by drilling downtime and customer nominations. It is not a structural decline.

I hope closer to £1, why not….

The delay around the accounts is largely tied to the ongoing Chad arbitration, which is a major issue for the company and something the auditors can’t ignore. Because the potential outcome could materially change Savannah’s financial position, the auditors need clarity before they can sign anything off. It’s not ideal, but it’s also not automatically negative — if anything, it reflects how significant the case could be for Savannah if the ruling goes in their favour. Once that’s resolved, the accounts can be finalised properly and the picture should become much clearer.

Why are we not rising on the expected arbitration?

“ Arbitration proceedings are expected to conclude in H1 2026, with claims exceeding US$775 million plus interest.”

Falls every day, relentless,

Yes, I contacted her and she never replied this week.

Last week, her reply was “ Hope you're well

We hope to provide an update to the market on progress when appropriate, but I am obviously aware sooner rather than later

Have a good day”

Oil up $7.

Pure one upping its stake, next step takeover.

*2018*

Avion and their ownership can only be part of the previous patent, they can’t use the diagnostic tool or identify M responders without the new developments, so they will need to be part of any new deal or they lose out.

A deal will be done to resolve those matters. Things have moved on since 2028, since now we can identify the super responders.

Everything discussed in the recent interview is now in an RNS which confirms what we heard, things are progressing very positively.

Fantastic RNS, couldn’t be better. 😁

Great interview:

https://youtu.be/n-c-Qrskq0E?si=cPISUosfnMBQe0BV

Disappointing discount

Nopulus was an investor in 2018 - or at least he bet each way on the outcome.

He tried to get consultancy with the company, they refused.