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Full Interview - https://www.cnbcafrica.com/2024/focus-on-south-sudans-oil-sector-a-promising-future-ahead/
https://www.linkedin.com/posts/dr-bayssen-amami-208a2355_tr%c3%a8s-honor%c3%a9e-de-repr%c3%a9senter-lagence-activity-7173307190714265600-xwio?utm_source=share&utm_medium=member_desktop
🌱🌱 very honoured to represent agence nationale pour la maîtrise de l'energie anme in the tunisian 🇹🇳🇹🇳 delegation to the uk 🇬🇧🇬🇧 for a busy agenda in london, glasgow and edinburgh for sustainable energy and decarbonisation.
the delegation brought together directors from the ministry of industry, energy and mines, steg tunisie, groupe chimique tunisien and the bizerte cement plant. we had the opportunity to share an overview of the opportunities and challenges facing the industrial sector ahead of the entry into force of the cbam.
🌟on the first day, we held an open dialogue with leading uk investors and developers interested in learning about opportunities to invest in renewable energy, green hydrogen and decarbonisation such as british international investment, globeleq, savannah energy, mott macdonald, dints international, itm power and pash global.
🌟the afternoon was spent in one-on-one meetings with national grid, ofgem and the foreign, commonwealth and development office. the day successfully concluded with a masterclass on the carbon-market, raising the opportunity to make the tunisian energy market more attractive to foreign💡💡 investors.
🍹 📸 we were invited by his excellency. mr. el oued, ambassador of tunisia in london, for a welcome ****tail during which he spoke about the importance of close collaboration in the field of energy transition and decarbonization with the united kingdom.
🎯🎯with our focus on green hydrogen, we couldn't miss the opportunity to visit scotland 🏴🏴. we visited the uk's national engineering laboratory to collaborate with the tÜv sÜd. next, we were invited to visit the site of logan energy limited, a british company specialising in hydrogen-based solutions. a discussion with the scottish hydrogen & fuel cell association concluded the mission.
Rocky - Brilliant articulated and I for one believe, things may be starting to turn in our favour especially with Niger likely to come into play and potential for accugas cpf completion with material increase in Gas contracts, I maintain my stance that I can see accugas being a $1 billion revenue generating business as a standalone asset.
I for one am fully on board for further extensions as it gives time for the business to progress things and increases a likelihood of the company returning to the market with a material deal.
A further extension from 2nd April to for example 30th June wouldn't be such a bad outcome as during the next extension period we can get Q1 2024 update and potentially fully year 2023 results, that will help the mindsets of many on here.
I believe the frustration stems from lack of an operational update as supposed to deal related but that should land within the next few weeks i.e Q1 2024 update by mid April, if the company sticks to it's usual reporting schedule.
Senegal looking for farm-in partners could we go for some acreage in Senegal likely more a development asset rather than production
https://energycapitalpower.com/senegals-petrosen-seeks-farm-partners/
We did sign a MOU last July - https://twitter.com/Groupe_PETROSEN/status/1678375382519631873
Also able to track historical production numbers without speculating.
http://mop.gov.ss/monthly-prod
Good to see we can now track latest production data from the ministry itself.
http://mop.gov.ss/monthly-prod
Zengas - I for one would imagine a lot of it will depend on the balance of payment left on the deal some people have said that the economic interest date on the deal goes all the way back to Jan 2022. So I would imagine with the continued production we have had over the period that the amount left to pay would be on the lower end.
Personally I think everything hinges on approvals and I personally feel with every passing month the risk has been financial risk of this deal has been lowered more in our favour so would be shame to can it without another substantial acquisition / deal
I wonder if AK is still in SS pushing for the approvals clearly they seem to be the biggest workstream / stumbling block towards us completing, can we still come back to the market and issue an admission document without approvals who knows..........................
The pipeline leak was fixed........
https://www.southsudanminingjournal.co/en/post/bashayer-pipeline-company-resolves-khartoum-oil-pipeline-rapture/574
The Article seems to suggest lower throughput through the pipeline in February 79,000 and some liftings deferred from port sudan, seems to me the pipeline is still operational albeit lower volumes and red sea export issues making it difficult to export oil out.
The worst of Naira is definitely over so let’s see some appreciation filter through over the next few months
https://www.legit.ng/business-economy/money/1582783-respect-bank-predicts-exchange-rate-naira-dollar/
I firmly believe that transcorp power listing alongside the executive orders by Tobin have been timed to drive sentiment and investment in the energy sector and it will prove the catalyst for growth
I am extremely bullish on Nigeria power suppliers and associated gas suppliers. For context transcorp listed on Nigerian stock exchange this week and closed Friday at 2.635 trillion naira market cap or $1.65 billion usd circa. We supply gas to transafam power so great to see such strong opening on the listing for transcorp. Plenty of scale on accugas to come especially with CPF completion shortly.
With the recent directive by the president to promote oil and gas investments I see double digit growth in accugas for the foreseeable future and hence I maintain that accugas will be a $1bn dollar revenue generating business as standalone
https://nairametrics.com/2024/03/09/transcorp-power-gains-n835-billion-to-top-weekly-gainers/?amp=1
https://transcorpgroup.com/
Rocky all of this policy reform will help sure up the naira and help it appreciate as the dollar flow increases into country unlocking projects
https://www.vanguardngr.com/2024/03/why-tinubu-signed-executive-orders-on-oil-and-gas-aide/amp/
https://www.thisdaylive.com/index.php/2024/03/09/fg-tinubu-determined-to-reverse-underinvestment-in-oil-gas-sector
https://www.ripplesnigeria.com/nigeria-aims-big-for-gas-sector-with-575bn-investment-push/?amp
https://businessday.ng/energy/article/fg-eyes-iocs-investment-to-boost-energy-sector-growth/?amp=1
https://punchng.com/fg-inaugurates-council-to-attract-575bn-gas-investments/?amp
I didn't realise that Shell was that desperate to sale it's Nigerian asset that effectively it's financing it's exit buy providing the full loan. That's unheard of just goes to show Majors are willing to provide Significant finance if buyers are unable to raise funds for acquisitions through other sources
"The company said it would provide a term loan of $1.2bn to the buyers. It will also provide another $1.3bn to fund SPDC’s spending on gas projects."
https://www.energyvoice.com/oilandgas/africa/548104/shells-nigeria-exit-faces-challenges-but-suggests-a-way-forward/
Zengas - Thanks for your interesting cost basis analysis for Niger Agadem development. I am wondering if they want to do some of the work programme solo to prove up the blocks more than perhaps bringing in a partner further down the line would provide a better deal. As supposed to now although if are getting a good partnership now which means it allows us to be more aggressive in Niger quickly than it wouldn't be a bad option as well.
I can't remember but have savannah ever mentioned bringing in a partner in the more recent years ?
On Niger, I would want Savannah to purchase a drilling rig and any associated equipment and store in Niger, as supposed to hiring rigs, plenty of drilling and exploration to be done in Niger purchasing a rig and having it fully available at all times for drilling in Niger would be so beneficial in getting an expediated work programme in Niger in place and alleviate and time lag, Plus over time the cost of a drill rig would easily pay back overtime and it allows much more operational flexibility.
Moho30 - I reckon I can do a better PR Job than whoever they are paying, and probably for 1/10 of the price. Perhaps I should be on Savannah payroll afterall the time and effort in research I make.................................. has to be rewarded.................. ;)