Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just a thought but Canadian oil and gas companies are seriously discounted at the moment. Surely if we were not so stringent on Africa oil and gas M&A it would be a pretty decent place to look for assets
If we do get an extension i think they should just go for a bigger extension like end of March, April or May rather than till the end of Feb 24.
A bigger extension just stops unnecessary debate and better manages expectation rather than progressive incremental extensions.
Https://x.com/dangotegroup/status/1745946178410144097?s=46&t=bdVeLrGB139mDog1SFRNlw
Looks like the dangote refinery has finally commenced
https://www.bloomberg.com/news/articles/2024-01-13/why-nigeria-s-new-oil-refinery-is-being-called-a-game-changer?leadSource=uverify%20wall
Looks like Nigeria is providing tax incentives for investors in the gas sector..
https://businessday.ng/opinion/article/nigerias-gas-sector-and-the-role-of-tax-incentives-in-stimulating-economic-growth/
Rockyride - I think post people frustration is not to do with M&A and deals i.e south sudan. But mainly to do with lack of BAU updates, the company could do a better job in keeping the investor base appraised on BAU activities, if they did that than many would be happy to wait for as long as it takes for M&A deal closure.
Niger - https://fluidhandlingmag.com/news/new-niger-benin-pipeline-set-to-deliver-barrels-of-crude/
Interested to see what they plan to do with Niger will they be aggressive we know that the port in Lome is open and Togo through Burkina Faso corridor is open for goods into Niger. Have they explored this option to get equipment into Niger ?
Rockyride - As much as the timelines have stretched if it means that we are still on a successful deal path and we extend to 31st March 2024 than by all means I am happy to buy into further extensions with limited information, but if there aren't any binding assurances and extensions based on hope rather than actual substance of definite binding agreements than there will come a point where a sensible choice will have to be made.
Longshort - My thoughts exactly takeover the assets for now and cede control over a number of years once the south sudan government and Nilepet have built up capacity...................
It would seem illogical to sit at the table for over 14 months and not get any deal in south sudan, even if it's 50% of Petronas current assests in south sudan........
But we will never know until we hear something from Savannah
Certainly is one thing I find very interesting is no one from government since the deal has ever commented publicly or mentioned the name savannah which is complete strange even.............
I would have expected some sound bites whether postie or negative mentioning Savannah. The information is some what strange...............
Https://energycapitalpower.com/attractive-investment-destinations-africa-2024/
I think the only country that we have had break interactions with is Senegal where we signed an MOU in July 2023 so I wonder if we have been able to identify opportunities in Senegal since I am sure there are plenty of opportunities up for grabs
https://twitter.com/GregoireTour/status/1678453479696736268
Not to mention the Akwa Ibom refinery due to commence shortly as well. 2 refineries commencing in our OML 13 licence area with accugas pipeline with 10TCf of gas potential and CPF facility to come on stream in a few months. Surely we will be able to wrap a material additional gas contracts this year.
Port Harcourt refinery due to come online, I wonder if demand for our gas will increase as I am sure a refinery needs a lot stable power supply and plenty of power stations in and around port harcourt and linked through 3rd party pipelines connecting to accugas pipeline as per the map attached provided by savannah below.
https://punchng.com/pharcourt-refinery-begins-test-run-rivers-11-others-get-supply-soon/
https://wp-savannah-2020.s3.eu-west-2.amazonaws.com/media/2023/05/New-Natural-Gas-Sales-and-Purchase-Agreement-signed-with-Amalgamated-Oil-Company-Nigeria-Limited-Final.pdf
As per savannah website port harcourt is a significant customer base
The Accugas facilities and pipelines have significant spare capacity and are strategically located in South East Nigeria, an area where there is both substantial undeveloped gas resources (c. 10 Tscf undeveloped gas estimated to be located within tie-in radius of Accugas pipelines) and significant expected demand for gas from power stations and industrial off-takers in the Calabar, Port Harcourt, Aba and Uyo areas.
Looks like Niger more or less coming online in the next few weeks, with the export pipeline.
https://www.facebook.com/100001187690951/posts/pfbid0w43oKCBWc6VGPJBL684KRaR1QZf8cChjFHkB81rN7ejmQyPnHX114XTASLff8SMdl/?d=n&mibextid=WC7FNe
Also port of Benin restrictions being lifted will slowly start to see progress in Niger.
Happy New Year All,
I wonder if AK stayed in South Sudan during the holiday period, or perhaps he returned with a view to go back this week…….,………
Surely if we are to see progress than you would hear from the company or other news sources within 2 / 3 weeks and if not that we are where we have always been with 1 February deadline likely to be missed
Rockyride - good to hear from you mate and I am sure we will hear a lot more from you in the new year.
We have all been really patient in 2023 let’s hope our patience is rewarded in the new year 2024.
Happy new year all