Member Info for Soder

Https://www.businessincameroon.com/energy/1610-15200-globeleq-set-to-exit-cameroon-after-11-years-plans-local-asset-transfer#:~:text=The%20decision%20ultimately%20reflects%20Globeleq's,Amina%20Malloum

https://www.africaintelligence.com/central-africa/2025/10/31/savannah-energy-in-exclusive-talks-to-buy-globeleq-cameroun,110542863-eve#:~:text=Savannah%20Energy%20is%20in%20exclusive,28/02/25).

The British junior is attempting to strengthen its strategic position in Cameroon by seeking to acquire the power plants of Globeleq's national subsidiary for more than €100m, but its contentious past could hinder the deal.

exactly this. his false statements and time lines for deals and drilling would probably be illegal if this was not listed on the bandit aim. the guys is full of **** and has no issue with outright lying to anyone that will listen.

i want to be positive. i want to believe. am long and underwater like most and holding on given huge optionality. but… problem here is that the only constant is the fact gill is completely and consistently full of absolute ****. you can’t believe a word he says.

Hopefully we actually get paid for the increase in production

not really much to negotiate. enquest doesn’t have a pot to **** in. it’s a rubbish company with far too much debt and a cowboy at the helm.

what price did we turn down again? but a deal with over levered and almost always about to go bankrupt enquest is a good one? the old ceo and management cost investors a fortune. *********s.

What do you mean don’t reference savannah? It came from savannah.

Strong dollar not great for oil in short term

Do you think that given the move in rates between 2021-2023 (and beyond) there was a queue of institutions just waiting to write loans at off market rates to companies in emerging markets. Again, amateur. Ever heard of a sovereign ceiling? Go luck it up. Then go lock where Nigeria gov use have traded over the last 3 years. Then come back and tell me you still believe save could have refinanced.

Your high level and thoroughly amateur analysis shows a shocking lack of understanding of what has been going on with the FX and how this would impact any company operating locally in Nigeria. Given the FX moves are entirely visible, I’m shocked you’re shocked by the impact on performance. Wtf did you expect to happen? There is a very good, very visible, and very well flagged reason for the performance. No foreign company operating locally in Nigeria, and I do mean no company, was insulated from that devauluation.

i’m invested here and like the prospect. but the problem with the story and selling it is that gill is full of ****. a proven boy who cried wolf. far too many times. he may as well say nothing as no one believes a word that comes from his incompetent mouth anymore. i like the company and the story but gill is a twerp who would struggle running a school tuck shop.

agreed. throwing good money after bad if we pursue this deal. we hope the sudan conflict will resolve. we hope ss govt may be rationale going forward. well hope is a ****ty strategy.

walk away. **** them.

I am trusting AK that he does not let pride come before a fall. Just walk away from SS. The geopolitical situation and the business environment there is not worth the risk. I know we have set ourselves up with the strategy “projects that matter in Africa” but the world is a big place. There are many assets available globally at very attractive prices, such that we should need/demand huge discounts ie people to pay us) to compensate for taking over declining assets in locations with prehistoric and corrupt business environments….where you can get wiped out with the click of your fingers dealing with tin pot dictators. Walk away AK. It’s not worth it.

You could structure it such that Petrnas shares a n these assets are kept in the same same existing entity. And then savannah becomes a minority shareholder in this entity but with full ownership control mix interest. This would mean there is no ch age of control triggered by the transfer of the assets but there is a loss and profit share agreement put in at the end costing entity which would see savannah and essentially having the economics of the assets (profits, losses, capex costs) but without the direct ownership.

You’ve written off the investment in a wholly solvent and growing business being impacted by FX moves?! Errrrr, ok mate.

Accugas refinancing process underway with new Naira facility signed in early 2024, which is being progressively drawn down during the year and utilised towards repayment of the existing Accugas US$ facility;

Given we announced signing of the South Sudan SPA on 12 December I would think the 15 December date given in the last update represents the official termination/long stop date under the SPA.

The long stop date is a hard date in the SPA which I would think they estimated 12 months for regulatory and govermnent approval. If the transaction is not completed within 12 months then both parties can walk away without penalty. Obviously that date can be extended if both parties agree but at some point we would need to agree with Petronas if there is any point going on. We can’t just sit and wait forever. And neither can they.

Hey guys. You want a new NS license? You take all the financial and exploration risk and I’ll take 75% of everything you make after investing your billions upfront in an unstable and unpredictable oil price and taxation environment.

Eff off sunak you moron.

It’s a completely different country. With completely different politics. The distance from Khartoum to Juba is over 1600km which is only just less than the distance from London to marakesh.