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After 2 years if suspension all I would like is some clarity on the structure of this alleged deal . Everything is incredibly vague, and as as the original Petronas agreement has been terminated, surely the suspension is void?

Very unprofessional in my view.

If you can't disclose any info on the proposed transaction, then maybe its not worth pursuing.

What a ridiculous situation to put shareholders in.

Fantastic!!

Could someone please explain to me what producing assets we own in South Sudan?

Very good article.

Thanks for posting Tyler.

And appears 200k bpd is the target.

Thats a huge potential increase in production.

Gas side of the business also massive growth opportunity.

Brought some more the other day at 173.

Can't believe the share price is below 200p

Thanks for the excellent posts.

GLA

Another one of your investments.

Bet its an absolute cracker!

Thanks for you highly accurate info on L2

Cheers

I definitely wouldn't rule out another acquisition soon.

Remember debt practically reduced to zero, and cash pile will be increasing all the time from present acquired assets.

This puts AET in a much stronger position on the next deal.

Potentially could be much bigger than past deals.

Also production will grow significantly from what they already have, so either way very positive.

Yes Tyler,

With a little patience £4 plus is easily achievable, possibly alot more with MPNU production growing over the coming years.

Also cannot rule out any other acquisitions, such as the assets Shell are currently selling.

Nothing is ever guaranteed, but I think this is a good bet to double at least from these levels.

Throw an increasing dividend and I struggle to find many better companies in any sector to invest in.

Decent CEO also.

Agree with all of that Tyler.

I'm just trying to look for valuation comparisons with other O&G companies.

Kosmos energy makes good reading.

£1.5 billion valuation.

Lower production and reserves than SEPL post MPNU, with around $2.5 billion of debt.

SEPL potentially debt free in short time frame.

I know SEPL is purely Nigerian focused, but still just goes to show how under valued it is.

I think £4 a share for SEPL is easily achievable.

£2.5 billion valuation more or less.

Minimal debt, with a conservative 120k bpd production.

Thanks for confirming.

Thats a hell of alot of production. Nearly 4 years worth!

Current market cap around £1.25 billion.

With MPNU added with a minimal payment on closing, SEPL could be valued at £3 - 4 billion with potential production improvements. Possibly more.

I remember Roger Brown also mentioning the huge potential with Gas exports also.

Not often you come across stocks with solid dividend history, and near term growth potential.

The fact they increased the dividend by 20% should give investors confidence of a good outcome here.

I believe the deal is back dated to January 2021. Correct me if I am wrong, but surely there can't be to much left to pay for the acquisition if any?

Many many thanks for raising this point.

I'm sure other investors share my sentiments.

I hadn't considered the Africa risk when I invested here.

Cheers

Seplat ex dividend next Monday.

20 % increase should be applied to this also.

Huge sign of confidence you would think to increase by 20%.

Further increases very likely within next 12 months also.

Agreed.

Excellent set of results.

Full credit to the board.

How this can only be valued at around £100 million market cap is astonishing.

Makes you wonder if it is even worth pursuing more deals, if the market values the concluded ones so poorly.

Share buy back an option at these ridiculous prices ?

Incredible news.

Well done Andrew and team.

Makes a 20 month suspension with little or no info well worth it.

I completely agree with you RR.

Nearly 2 years in suspension pursuing a deal in one of the most corrupt and unstable countries on the planet.

What information have we had from the company on this deal in the past 20 months?? Sweet FA.

Surely if you can't give details to your shareholders about the deal, then you really should be asking yourself is it worth pursuing??

Absolutely AK has to be replaced after this farce. At minimum he should be put on some sort of probationary period were he is assessed on company performance, communication, share price performance etc.

I would also remove his bonus until certain share price targets are met.

Totally agree RR.

10 years is surely enough time for a CEO to create returns for shareholders.

Communication has been appalling also.

I think it is time for a change.

I am a holder of AET and SEPL, and both these companies have management teams vastly superior to SAVE.

I think the Chad case potentially offers huge upside here, and maybe that will attract new investment on re list.

We shall see.

12 weeks ago.

Thats when you were in your element saying AET would drop back into the 30s.

You couldn't have been very upset. Bless.

As you seem to have plenty of time on your hands, take a look at the last operations update RNS.

Very impressive.

FCF very very healthy.

And now they will likely get taxed to the hilt.

Well done.

Agreed Trustlie

I really hope we can push on with Niger opps and get to 5k production.

Huge incentive to do this with the pipeline operational.

As has been previously highlighted,

Stubb creek production with Niger could offer decent revenues.

With the possibility of a reimbursement for Chad next year, Savannah could be debt free, with increased production, without further acquisitions.

Trust Lie,

I see where you are coming from with the AET theory, but you should take into account the debt position of the two companies, and the quality of management in charge of each business.

With acquired barrells, and a lifting due soon AET potentially should be debt free this year.

Their management is in a different class to Savannahs ( which isn't saying much ).

I may be wrong but I would think AET will pay a dividend before Savannah does also.

Would like to see a decent operational update here soon. Shareholders deserve some info after very limited comms for 18 months.

Afrenta is probably around 7k atm. With scope to increase further from existing assets.

Huge potential there.

LBE at its current market cap is massively undervalued. The excellent posts from Zengas highlight this perfectly.