Member Info for pc1001g

We seem to be entering every colouring in competition in Africa!

Love all your posts Trust. Thanks.

The profile of the South Sudan acquisition on the new website, is at the very least, intriguing. Why give such prominence to this adventure, if the wheels are about to fall off this particular wagon? I’m reading this as a positive. development.

Did they run out of windows?

The budget covers a salary uplift of 400% for payment of civil servants and state officials. 10% of the budget is dedicated to defence and security, presumably partly related to concerns re Sudan. The increased spending, current budget deficit, the recent international oil conference saying the country was open for business, the lack of investment by Petronas, Save’s statement about upscaling, etc, all suggest that signing off should be a priority. - I’m unable to determine whether that is a statement of faith or reason!

Always enjoy reading your posts Porsche. In the absence of news flow, they add weight, to what is, after all, only a conversation.. Thanks.

Good lord Masoko, he is not wearing any socks in that photo! Maybe he spent every penny on his SAVE holding.

Hopefully there is enough left in the kitty to put out an RNS!

I would be less uneasy if the language was along the lines of suspended pending a review, rather than freeze. Maybe that is simply a cultural / language issue. Hopefully SAVE will add clarity. Either way, I can’t see the IIs sitting comfortably on their serious holdings given the mounting complications in Chad and now Cameroon. While I believe the SS deal will conclude favorably, primarily due to the importance of the Oil Conference to SS, I’m less confident about the long term future of this arrangement. SS sits at No 116 out of 118 countries on the World Corruption Index. Chad 105. There are longer term risks with SS.

I like the fact that SAVE see part of their investment strategy as enabling some of Africa’s poorest countries, but the balance of risk v the corruption index feels misplaced. The board needs to review this strategy. On a more positive note, it has got to the stage where I’m beginning to feel relieved by our investment in Nigeria!

Thanks IZ. I’m thinking the same. The institutions have taken a substantial hit over the years, at times comforted by discounted placings. They continue to hold for a reason. Hopefully that reason will be shared with us mere mortals soon!

Hello IZ, hope you don’t mind me adding to your question. To date, the institutions have remained very patient with Save.l. I sometimes question whether there are regular ‘reassuring’ conversations between both parties which may reduced the likelihood of a crushing share disposal. If IR are talking to Shore Capital, Finn Capp, etc, would it be reasonable to assume that the whispers spread?
Thanks.

While I appreciate the reason for some of the sentiments expressed, I’m more concerned that this board has turned into a forum on Duster’s nonsensical ranting. They say don’t feed the trolls….
Here’s hoping for a blockbuster RNS tomorrow.

Yes the markets will be quiet. It’s been a long wait but the II’s will be warmed up and focused on the RNS, the shorters will certainly be feeling the heat, while those MMs that are diligent, will be glad of something to turn their attention to. We could be pleasantly surprised.

Duster,
You started this thread this afternoon at 16.01 with the prophetic words:
“4.30 RNS”. - “Must be imho”

Alas no RNS.

Oddly enough you have spent the rest of the afternoon (including most of the day on another thread) criticising others who were merely expressing a wish to see an RNS. At the very least, please show some consistency of thought. If you are unable to do so, can you leave the rest of us in peace.

Thanks komakino. I broke ever rule of investing with this share. Took a very serious battering for a long time as the price fell. Held and averaged down. I’ve got a shed load of these rascals now and will sleep well - for a change. Good luck.

Komakino…a problem with the account…hopefully not a heavy metal breakdown! All the best.

Tier, I read your post yesterday which prompted me to check out the Petronas website. The company references operating in 15 countries. Oddly enough, they only listed 14 of these. Chad was not listed. Alas my imagination was not as fertile as yours. Great call.

Fantastic result. Thanks to all the fine contributors to this board whose generous research has benefited us all.

Interzone, I don’t know you from Adam or Eve, but I do love and miss your posts here.
Well done all.

Chad’s painfully slow journey to economic independence, has in recent years, attracted the attention of external governments keen on building relations with the resource rich country. These include China and India. While Chad has a long association with its French Colonial master, there has been a considerable number of anti French protests across the country, including French flag burning. A few months ago, Macron called for a ‘civilian government of National Unity.’ Those comments did not sit well with Chad’s military regime.

The Chad government has occasionally used colonialism as the yardstick to proportion blame for it’s own failures. Against this backdrop, it’s hard to see how an old French family firm will force the government into a U turn?

If anything, the manner in which Perenco played its hand, will only serve to strengthen Save.l long term prospects in the region, including with neighbouring Nigeria and Niger. Asset sellers will be aware that XOM ultimately did not considered Perenco as an option, viewing Save.l as their partner of choice. Save.l ESG strategy and their emerging ‘partnership’ with Vitol offers ballast and serious credibility.

I can see nothing that undermines XOM strategic intent to sell to Save.l. The Chad government needs the revenue and will not wish to get drawn into a protracted sale.

As time passes, I’m more and more convinced that this is one very serious company in the making. Now I’m left wondering what XOM will wish to sell next!

Also raises a question as to why XOM did not prioritise Perenco for this sale? XOM are under considerable pressure to disinvest from various African assets. Save.l and Vitol may be the new partner of choice as XOM advances it’s relinquishing strategy.

Across the globe, scientists, researchers, immunologists, doctors, consultants, microbiologist, epidemiologists and leading universities consistently warn us that Covid 19 is dangerous. That we should get vaccinated, wear a mask, exercise caution.

On the other side there is some Dunderhead in a pub spouting conspiracy!

I’m struggling to know who to believe.

I’m mindful of the Save.l tweet of the 31st Oct “thanking the operational teams in Chad and Cameroon for their cooperation …& support they have shown for the transaction.” Sure the fire is an obstruction which adds delay but it is unlikely to dent Exon’s or Save.l strategic intent.
There is the additional note re gas sales to FIPL Afam, 2nd November, as yet not reflected in the share price.
These factors alongside the increase in oil / gas prices strongly suggest a boost to the spec on readmission. Then there is the Vitol factor!
We should know soon enough.

Hello Interzone,
You may well be right. I gleaned the data on Standard Life increase from
RNS Number : 3123G
Savannah Energy Plc
24 November 2020
All the best.