Member Info for Diversified

Brilliant, cheers A

Thanks for the update.

Would it not be safe to assume given the milestones it will take to get to finalization of the transaction that we can expect a number of RNS’s leading up to completion. For example the court date can’t happen without completion of the longform refinancing, and as this is Price sensitive Information they will be obligated to update the market?

To transfer millions in taxes to Nigeria will take 3 working days to complete the banking checks, ordinarily. Then take into consideration the transfer of assets to Savannah via the uk court to enable AIIM to transfer $54m to us, marks completion of transaction and I would say that accounts for 7 working days min for all transfer of funds and uk court date. So imo, news by this Wednesday.

Savannah Petroleum (UQUO) Ltd

Incorporated 31 October 2019

Accugas UK Ltd

Incorporated 11 October 2019

Stubb creek Holdco

Incorporated 18 April 2019

Accugas holding U.K. plc

Incorporated 16 April 2019

When looking at page 31 of the October presentation, the incorporation of UQUO is the final piece of the puzzle within the new corporate structure.

A proactive approach to my investment requires research and communication with investor relations, this allows me to seek ongoing conviction in my investment during periods of uncertainty.

IR are unable to disclose anything that isn’t already in the public domain and they express their frustration at not being able to elaborate on key areas of the transaction for regulatory reasons which is understandable.

If only to seek assurances for a period that lacks guidance, we know the company is working towards a mid November completion, which is determined by the taxes due as part of the ministerial consent.

Algo’s have owned the share price this week but Agadem is right, it’s not about the 1p variations but the forthcoming re-rating that is fast approaching.

Some considered the article about the Accugas PRG arrangement as a negative but consider this, our income is guaranteed and has anyone considered that the government still owes Seven Energy $30m on top of the existing $10m a month commitment? We will soon have $74/$90m in account with free cash flows from completion, this $30 million means that the new cash balance of the enlarged company would represent 50% of our current market cap.

Our time is coming and patience will be rewarded imo.

For what it is worth, IR are still confident with the current timetable and look forward to updating the market shortly.

But with the reversal in the chart looking very bullish, a higher price will result in less dilution on completion of the transaction. It’s all falling into place. 26p today would be nice.

Technically the chart is looking strooooong, and all this coincides with transformational news.

Funny thing is, the market hasn’t got a clue, patience and fundamentals are two key ingredients to success.

We are within touching distance to the re-rating.

Hi O&W, I was originally in this during the six month suspension for the RTO and was extremely confident during that suspension, but ended up getting burnt. I missed out on VRS at 13p and Eco at 18p so I was very frustrated.

During this time I conducted a significant amount of research and found the prospect of the takeover extremely compelling especially when the revenue of the company Was well insulated from oil price fluctuations.

I left to join the VRS and ECO rollacoaster and now I am back with an average of 24.5p as ministerial consent for me was the main hurdle.

I am shocked at some of the negativity on here, I suppose a lot of you were in this from the original suspension and have been promised completion before, but it’s happening, and now more than ever.

For me this is fantastic news.

With a maturity date of the 17 January 2020, the company expects the planned completion of the Seven Energy Transaction (expected to occur significantly in advance of the Maturity Date), when, as confirmed in previous announcements, the Company expects a cash inflow of US$74m.

For me, significantly in advance suggests we are weeks away from completion and the market and company are fully aware of the 90 day tax payment from ministerial consent which is 4 weeks away this coming Monday.

All funding requirements and concerns around dilution are now gone. Today is a good day.

Incorporated on the 11th October. Companies house.

It’s so close I can almost smell it!

Unfortunately I haven’t got the time to share direct numbers by comparison to 7E and Eland, but when you start to do the research on resources, free cash flow, net production. You can quickly understand how valuable 7E will be by comparison.

I am expecting a massive rerating when 7E completes.

Older and wiser - you asked how much are the taxes due on the transaction on Thursday.

Tax and deal fees are stated at $10m in the Hannam and Parters report.

Agreed Zeus, the question is where are they getting the supply from as the sells are undisclosed at best. Real imbalance in favor of the buyers with a particular frequency of automated trades. The games of manipulation are borderline criminally frustrating at times!

I don’t believe the amount of tax has been disclosed, I would of thought that this information will be in the supplemental admission document, among other details.

I think the general consensus is the transaction is expected to be completed by the time the taxes are due.

We know that we are waiting for news which will unlock the completion of the transaction as the Accugas term sheets have received credit committee approval in December of last year. With the restructured terms agreed, the long form documentation is procedural and legal, it comes as no surprise why AK is so confident about the deal completing.

We also know that the ministerial consent is dependent on the taxes being paid associated with the transaction within 90 days of consent which is the 18th of November. Which suggests the transaction will be completed and the funds from AIIM will be released to pay this commitment by this date.

We can see from the technicals that we are very near to a golden cross with the 50 and 200 daily moving average getting ever closer, and that the stochastic and MACD look like they are about to turn positive.

The two consecutive long legged Doji’s over the last two trading days is indicating a reversal of fortunes and with no news tomorrow, the third Doji could be an extremely bullish indicator.

Bottom line, this feels like a coiled spring that on completion of long form documentation will see this really start to gain traction to the upside, and for every day that passes, an update becomes more imminent.

Market makers are currently doing a good job of taming the share price to leave plenty of room to the upside in the event of news which will provide significant volume and create the perfect market for the market makers to profit from. It’s all part of the game, if the share price gets to its fair value destination to quickly the market makers will stem volume and therefore their margin.

Very, very exciting times. Aimo.

To me this looks like a Long-Legged Doji within a symmetrical triangle which should set us up for a reversal and potential bullish breakout tomorrow. In my opinion, the market makers demand for stock confirms this.

All will be completed by the 18th November and quite possibly long before. Not long now.

It hasn’t been disclosed yet, but all will be revealed in the supplemental admission document according to the company.