Member Info for komakino

🙄

I've noticed that other Savannah personnel, other than AK, have been more to the forefront recently in things like this, Yacine Wafy, Savannah's VP West Africa in particular. Can only be a good thing and was one of the concerns that Agadem wanted addressed so hopefully he is happy about this :-)

Well, based on Sunbed's chat with Camarco yesterday and then this, it does appear that it's full steam ahead with the SS acquisition and whatever concerns we had over the war in SS has either been reflected to their satisfaction in the contract or they are just not concerned about it, though I find the latter hard to believe. Looks promising for hopefully what turns out to be, as AK likes to call it, a transformational deal for the company and, as we all hope, a transformational uplift in the share price!

Posted by Sunbed over on ADVFN

'Had a very good call with Camarco today and they have never been as busy as they currently are with work from SAVE. They seem to be receiving new work-stream requests from the company on a pretty much weekly basis. SAVE are still well on track to issue the admission document in H1. From all the intelligence SAVE receive, the pipeline, refineries and operations in Sudan don’t seem to be in any danger from either side in the Sudan civil war. They are full steam ahead ATM with the Petronas RTO.

The O&G conference in SS starts 4 weeks tomorrow and I think we could well see the Ad Doc prior to that with large renewable deals announced and signed at the signing ceremony which I think has been brought forward to Day 1 of the conference on Wednesday 14th June - I think.'

He's just living up to the second part of his user name. The first part is nowhere to be seen.

TiL, I think if that was the case they would have produced an SPA document by now. Both the Seven deal and Chad/Cameroon took 6 months from SPA, as will SS so whilst they may announce a new SPA immediately after the SS deal is signed, I doubt the admission document will include anything other than SS. If they were to do announce something new after SS is complete, and especially if it constitutes another reverse takeover, it would be nice of we got a bit of trading time in between to let the SP settle at it's new level and for people to divest or take new/increased positions before another suspension.

Yes, agree TiL. Petronas won't want to start trying to sell to another buyer as these deals probably take well over 12 months from start to finish.

TiL, we didn't get notification of an extension for the Seven deal even though it lasted longer than 6 months, so we may not necessarily get one in 5 weeks, even though it will be inferred. Will be interesting to see if the conference goes ahead under the current circumstances.

Yes, agree NtM, many ways this could play out. I'm happy to let AK decide what is the best way. He's got a lot riding on this financially and reputationally. Personally I'd like my trading account active again as all my trading cash was in here hoping for a rise off the Chad completion!, but if it needs to take longer then I can live with that.

Tier, not sure about the extension; the 6 months quoted on AIM rules is ambiguous and unless somebody else knows for sure then I wouldn't hang my hat on it. The last Seven deal was actually just short of 7 month suspended so there is obviously a way in which it can

NtM,I would have thought that in the current circumstances and in order to keep to the timelines, they could re-structure the deal so that Save don't pay up front, but monthly/quarterly based on revenues (no revenues, no payment) until such time they agree the situation has stabilised, and the remaining payment can be agreed. At least that would give SAVE protection but still allow us to start to generate income.

Yes, it's been a frustrating journey to say the least but I guess better to have a good outcome later than a bad one earlier. Assuming we get a good one later of course!

bowwow, everybody sells at some point, even you will! Obviously everybody wants it to relist after good news but you make it sound as if selling is intrinsically a bad thing, which of course it isn't :-)

Yes, I think we're all keen to get trading again, but I'd rather get a good deal agreed even if it takes longer rather than something rushed. I'm confident AK will have all angles covered, he's pretty shrewd imo

At this rate we'll be doing multiple reverse takeovers till it's impossible to get any bigger, unless he decides to finish by taking over Walmart!

Another stock to avoid.

Seed Capital Solutions PLC - London-headquartered acquisition company, focused on businesses operating in market sectors with "strong" environmental, social and governance credentials - Appoints John Zorbas as chief executive officer with immediate effect. Zorbas has been CEO of Uru Metals Ltd since 2014 and a non-executive director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp since 2021. Seed Capital's shares debuted on the London Main Market on April 12.

Zorbas commented: "More than ever the world needs sustainable solutions to societal problems, and this is a factor that investors have become increasingly aware of. ESG solutions need support and investment more than ever before, and I look forward to seeking out innovative companies with the requisite credentials to accelerate our growth as a UK listed company."

Current stock price: untraded on Tuesday, last traded at 0.88p on Friday.

By Tom Waite, Alliance News editor

Thanks Mr. B. That will take some digesting ;-)

CHADSET UP ITS OWN NATIONAL OIL EXPLORATION COMPANY.
On Monday, April 24, 2023, an Extraordinary Council of Ministers was held under the Chairmanship of General MAHAMAT IDRISS DEBY ITNO, President of Transition in Chad.
Agenda item five was a draft law to establish a private company called TCHAD PETROLEUM COMPANY (TPC), introduced by the Minister of Hydrocarbon and Energy. A project that goes in line with the recent nationalization of assets and all rights of Esso Chad.
Chad Petroleum Company (TCP), will be an oil field and pipeline operator unlike the Chad Hydrocarbon Company (SHT), which is a member of the consortium. Being a new entity, it will be able to use Chadian or foreign companies for its development.
Meanwhile, the COTCO board of directors that has to formalize Savannah's interest in the project is being held in Paris this Tuesday. Chad refused to take part in it.
That's how the Republic goes

https://www.facebook.com/search/posts?q=savannah%20tchad&filters=eyJyZWNlbnRfcG9zdHM6MCI6IntcIm5hbWVcIjpcInJlY2VudF9wb3N0c1wiLFwiYXJnc1wiOlwiXCJ9In0%3D

Interesting FB post from Chadian news site

https://www.facebook.com/search/posts?q=savannah%20tchad&filters=eyJyZWNlbnRfcG9zdHM6MCI6IntcIm5hbWVcIjpcInJlY2VudF9wb3N0c1wiLFwiYXJnc1wiOlwiXCJ9In0%3D

According to this correspondence of which I have a copy, at the end of September 2022, the Secretary General to the Presidency, Dr David Houdeingar, asked ExxonMobil (ESSO) to pay a "Balance of all accounts" and to sign a three-party agreement with #Savannah included.
Meanwhile, the slightly literate incompetent, called Idriss Youssouf Boy, the Alpha and Omega of Chad, thought the balance of any account was an obligation to proceed with the sale. So he ran to take the money from François Perrodo, CEO of #Perenco, arrived in a jet to N'Djamena on December 6th.
Youssouf Boy was waiting for Exxon and Savannah's purchase contract to expire on December 12 for Perenco to replace Savannah. Unfortunately for him, Exxon and Savannah legally finalized on December 9th and since then madness has taken over Idriss Youssouf Boy.
This is how Chad progressively sinks into an complicit silence of its intellectual and military elites. With the crises at the Central African, Nigerian, Libyan and Sudanese borders recently, the only thing missing was the Cameroonian border. Now it's done... Well done Idriss Youssouf!
Waiting for the billion fine that the Paris Arbitral Court will sentence us to pay next year in Savannah.
And since their unnecessary noises of "nationalisation", Perenco is no longer picking up Idriss, Tahir and Djerassem Le Bemadjiel's phone calls. Cameroonians are anything but idiots: they rightly made a pact with Savannah.
Our leaders, as well as the international community, should stop thinking that we are fools, so the Exxon-Savannah deal was officially approved by Chad.

Save have just RNS'd this for info

B_F, no worries. The point I am making though is that in the UK you can order viagra/sildenafil without any human interaction via an online pharmacy which is less embarrassing than asking for it over the counter, if that is an issue. The main advantage as I see it of Eroxon is the fact that there should be no side effects, so those who do experience side effects would obviously want to try this and most likely be prepared to pay a higher price point. How many that will be we will only know once some sales data comes through.