Member Info for komakino

At around 143m shares it could be any of the shareholders over 3% selling all or part of their allocation. Miton and Phoenix for example hold 150m between them so they could both be selling out.

Https://www.savannah-energy.com/application/files/9917/6241/3940/Savannah_Energy_plc_Notice_of_General_Meeting_Nov_2025.pdf

'4 EFFECT OF THE BUYBACK

The issued share capital of the Company as at the date of this document is 2,120,654,235 Ordinary Shares. Following the buyback by the Company of any of the Buyback Shares, such Buyback Shares will either be cancelled or placed into treasury (at the Company’s discretion). On the assumption the Company buys back all of the Buyback Shares and they are subsequently cancelled by the Company, and assuming no further Ordinary Shares are issued by the

Company prior to that time, the resulting issued share capital of the Company would be 1,977,088,653 Ordinary Shares.'

Agadem etc, The shares that Save intends to buy back are planned to be cancelled following the buyback, so Nipco won't be involved.

Hx, RNS stated ' Share buyback agreement signed to acquire up to 143,565,582 existing Ordinary Shares from certain shareholders at 7 pence per Ordinary Share during the period ending 31 March 2026 (conditional upon the approval of Shareholders, expected to be sought shortly).'

Which certain shareholders do you think they are buying 143.5m shares from? For your theory to work then they would have to buy those shares from entities out of that list. Realistically a couple of the major shareholders; Ingalls & Snyder, Capital Group Companies, JO Hambro Capital Management, Miton Asset Management, Phoenix Life and RWC Asset advisors are probably wanting out. Assuming that is correct then the majority shareholders will actually then own 69% of the share capital, not 75%.

Ian, Scotpak also had a message from IR that there would likely be another coffee morning in December, which I imagine would be in London again, but there has not been any official announcement on that yet.

Noix 'Market not even remotely impressed by any of the initiatives/actions put forward by AK - a disjointed, unclear strategy with garbled financials and no auditor. Frequent changes in the shareholder base and composition of the Board - a truly unstable mess.'

Hi cyb, the decrease from 15% to 12.6% was due to the 25,598,929 shares AK purchased as part of the March fundraising being issued.

The Company's CEO, Andrew Knott, has acquired: (1) 25,598,929 new Ordinary Shares for £1.8m as part of the March 2025 Fundraising; (2) a further 32,202,738 existing Ordinary Shares for a total consideration of £2.3m through a secondary market trade; and (3) 63,690,129 existing Ordinary Shares from the EBT for a total consideration of £4.5m. Post these transactions Mr Knott's has a holding of approximately 12.6% in the Company's enlarged share capital (as enlarged by the share issues referred to in this announcement).

TT International and Ashmore Investment Management Limited both sold out completely on relist in March to the tune of 137m shares between them.

Last positive sp catalyst was Dec 2021 Petronas and Exxon SPA RNS's when the sp climbed from 19.25 to a high of just over 40 in June 2022. Not surprising it was so long ago given we have been suspended for the majority of that time though.

Yes, you'd imagine that dividends would be his ultimate aim. It's impossible to know if he is any rush to start recouping his investment. I think all of us would like to start seeing a return on our investment in the near future. At least we have 2 potential upside catalysts on the near horizon with the receivables and Chad arbitration, so I'll see where we are at that point before making any decisions. Fingers crossed it will have been worth it!

Thanks Zengas. Looks like you'll just have to buy even more NtM ;-)

Thanks NtM, I'd love to get my average down to 10p but my share buying quota for Save has already been exceeded so will stick with what I have. If you can get down to 10p that would be great for you, though no doubt others would disagree :-)

Hi NtM, I did have all his purchases recorded on my spreadsheet but lost the data with a fat fingers copy and paste that went wrong. From memory, before the latest round of share buys his average was just a tad over 12p, so after the latest share purchases I'd estimate he is at just below 10p average.

Well there's the answer to my question as Blacksea have indeed sold out. Sally has also confirmed that the $200m facility remains in place.

The transaction attracted a peak orderbook of over US$13 billion, marking the largest ever orderbook achieved by the Republic. This significant milestone

underscores the strong support for the transaction across geography and investor class. With respect to investor class, demand came from a combination of Fund Managers, Insurance and Pension Funds, Hedge Funds, Banks and other Financial Institutions.

https://www.dmo.gov.ng/news-and-events/circulars-releases/5584-media-statement-nigeria-prices-us-2-35-billion-in-a-long-10-year-and-long-20-year-eurobonds/file

Hx, as usual you fail to acknowledge the many posts on here that have discussed this subject and simply provide your blinkered negative view on all things Save.

Just to jog your memory, If Chad refuses payment, Savannah could enforce the award by targeting commercial (not sovereign) assets abroad. These can include:

Oil cargoes owned by Chad or SHT in international ports

Receivables owed to Chad (e.g., payments from oil sales handled by traders)

Bank accounts linked to commercial activities

Courts have allowed such seizures in past cases against Venezuela, Congo and Nigeria amongst others as ICSID/UNCITRAL awards are enforceable like a final court judgment in >160 countries.

Chad can delay, but it cannot hide commercial assets forever.

Savannah can also decide to sell part of the award to a litigation / sovereign recovery fund (e.g., Burford Capital, Omni Bridgeway). This accelerates Savannah’s cash and shifts enforcement burden to a specialist.

Most likely there will be some negotiated settlement imo, but suggesting it can easily be filed away by Chad is somewhat naive.

Thanks Scotpak, hopefully they'll reply quicker than my question regarding Blacksea that I sent last Tuesday.

*live questions

Howdent, you'll have to ask AK himself the first question. Funnily enough, you'll be able to ask him on the next call as there is always a portion at the end for live calls.

Hi Scotpak, I assume that's from the Broadscope network post on FB? Apart from the typo (4N Billion as opposed to 4N Trillion) the approval has been reported widely since the 14th October. What's new is the final sentence regarding the disbursement plan and beneficiaries, though I've not been able to find any direct source for this statement and it's not been published anywhere else I can find. Hopefully it's accurate though.

Oh, and Howdent, you might want to factor in the potential buy backs too.

Thanks Noix.