Member Info for noix

Scotpak and komakino

Thanks :)

It's more your domain than most, if not all of us on here scotpak, but I'd have thought given the urgency of Nigeria sorting out their electricity market, it will be actioned as soon as market conditions allow.

You highlighted the very strong demand for the $2.2 billion euro bond issued earlier this month, oversubscribed to the tune of $9 billion.

Surely this augers well ?

Which one ?

Solent ?

When was the 4 trillion bond issue raised to settle the Genco debts.

There have been a few smaller issues of late but I'm not sure the big one has yet come to market.

Please prove me wrong.

If I re call correctly, komakino and many others on this board supported you and a charity some years ago.

It's way past time you showed some respect and recognition of their support.

By the way, rocky ride suits you best.

Howdent

I believe you are confusing yourself.

You raised the possibility of Nipco buying the "buy back" shares :

"

Nipco = 3rd Party14 Nov 2025 18:40

"Wouldn’t be surprised if Nipco hoover up the 143m shares at 7p"

"Who could the 3rd parties to be potentially nominated be to buy back the shares? Where does it say they will be cancelled?"

It's the Company who buys back the shares, as komakino has stated. And to be fair AK has communicated this quite clearly on behalf of the Company.

Do you understand the rationale behind a Company buying back its shares ?

Ref Nipco and what they bring to the party.

Folk have raised the spectre of the Company being taken private but the Kasangra family appear to have both deep pockets and a robust plan for extending their gas business in Nigeria , of which their investment in SAVE clearly plays a part:

https://nipcogas.com/about-us/

Things would get very interesting if they increased their stake by another 10.59%, which at today's share price would cost them a further circa £13 million.

Shsssssssh, keep it quiet.

Https://www.savannah-energy.com/investors/general-meeting/

With respect I don't see the merit in recycling what most, if not all on these boards, are already aware of.

Unbelievably bad luck circumstances have played their part and we should know what recompense we will get for one of them - Chad - in little over 6 months.

The receivables news should be forthcoming even sooner.

Nipco Gas is a positive development with their financial muscle, wider network of business in Nigeria and their contacts.

If current holders do not have faith in the above developments then I do not understand why they are still invested.

"We will be introducing a new holder by 4/9/2025 who will bring a lot to the company"

Things are looking up only a few weeks late for NIPCO.

Komakino

Thanks very much.

It wasn't clear (to me anyway) in Agadem's earlier post.

Could someone be good enough to post it on here ?

I'm not going to piddle on your parade as you know more about these matters than I, but I'm reading that it was oversubscribed by $10.65 billion so as you say this augers really well for the Genco bond offer.

https://www.msn.com/en-xl/africa/top-stories/nigeria-s-2-35bn-eurobond-oversubscribed-by-10-65bn/ar-AA1PTRfy

N to M

Yes, AK will have his wings clipped somewhat by the arrival of the Kansagra family on the share register, particularly with their presence and contacts in Nigeria. It will be interesting to see if they are content to sit on 19.4% in the short term.

https://www.gg2.net/asians-grow-their-wealth-reveals-asian-rich-list-2024/

The effective date of the transaction was 1st January 2021.

It appears that you are not abreast of how these arbitration awards are adjudicated.

Had the ICC tribunal felt that the claim was excessive, following their preliminary investigations, they would not have wasted valuable time and resources taking it this far.

Chad actually threatened directors of the Company at gunpoint and poor or not, have realised billions of dollars in revenue from the assets purchased by SAVE.

One either follows the rule of law or one doesn't and the ICC's powers in ensuring that any settlement is forthcoming are far reaching.

Komakino

As stated, I'm basing the claim at $1.4 billion, allowing for interest between now and let's say June 2026. It currently stands at $1.355 billion.

Exchange rate of $1.32 and allowing for share buy backs, circa 1.9 billion shares in issue at claim settlement date.

With an improving receivables position they have announced a potential buyback of 241 million shares:

"Further, pursuant to authority granted to the Company at the Company's AGM held in June this year, the Company may conduct market share buybacks of up to 241,592,266 Ordinary Shares, subject to certain parameters with regard to the buyback price, and the Company reserves the right to use such authority on an opportunistic basis."

5.5p per share per $100 million awarded. Even only 5.5p is an 80% increase on where we are now.

I'd have thought that any military assistance that the US could provide against these terrorists, operating mainly in the NE of Nigeria, is to be welcomed.

Savannah's operations are a long way from the troubled region:

https://www.savannah-energy.com/application/files/1517/3409/3966/2024-12-09_SE_Niger_Delta_GSAupdate.png

komakino

I'm working on a figure of 5.5p per share for every $100 million of arbitration award and I see the final claim as circa $1.4 billion, allowing for accruing interest up to the settlement date.

There's a world of difference between a MOU and a PSA.

I appreciate that events have moved on from the PSA with Petronas, but as notified in a recent rns, discussions are ongoing with regards to an alternative potential transaction, which is why the shares remain suspended.