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Zengas - 100% agreed on the basis that Savannah can bring additional deals in this suspension window with or without south sudan I would be happy for the 2nd April date to be extended if they can secure another material acquisition alongside or instead of South Sudan acquisition. We did throw our hat in the ring for Assala assets ass per the Jan 2024 africa intelligence article so on that basis clearly our current position is not hindering additional deals.

In light of today's SPA happy to be suspended to bring incremental or bigger deals in this suspension window.....

A lot may disagree with this but this is just my opinion of course if south sudan is ready than happy to come back as soon as possible.

Very brief coverage from Cavendish this morning, please see below:

"Stubb Creek acquisition Savannah is buying out its partners from the Stubb Creek oil and gas field in Nigeria, raising its exposure to a strategically important asset for the company with strong oil production enhancement and gas development potential at an attractive price."

Standard Chartered and Citi also join Goldman in predicating a naira recovery this year.

https://www.legit.ng/business-economy/money/1584147-two-top-firms-bold-pediction-naira-dollar-exchange-rate/

Let's hope the news this morning is just the start of news flow from growth perspective, nice move to consolidate the Sinopec shareholding strengthens our accugas position giving us circa 5,000 bopd oil production but more importantly gives us material gas feedstock and with CPF facility hopefully completed soon it significantly enhances the accugas asset, allowing significant gas throughput.

I found this line interesting "Savannah remains committed to growing our core business in Nigeria through a combination of both value accretive acquisitions and organic projects."

I hope more Nigeria acquisitions are on the cards as I have always mentioned I prefer us to go for a material oil producing acquisition in Nigeria and let's hope that we do.

Here is to new beginnings and more wins for all Savannah shareholders.

Looks like operations at port sudan and transit has re-commenced from last Wednesday so previous oil liftings that were in waiting will be processed.

https://www.southsudanminingjournal.co/en/post/boost-for-oil-transit-as-maersk-cautiously-resume-operations-in-port-sudan/617

Https://www.offshore-energy.biz/perenco-boosts-its-portfolio-with-enis-oil-assets-in-congo/

https://www.eni.com/en-IT/media/press-release/2024/03/eni-sale-of-some-upstream-assets-in-congo-to-perenco-completed.html

It’s definitely an interesting conundrum for savannah but having persisted with this deal for so long one would think that Petronas and Savannah would have worked up scenarios if deemed consent is not received.

Perhaps the exit tax or consent fee as the article alludes too needs be the biggest and the sweetest to convince the SS government after all they are in an economic peril so if Petronas are really keen on exiting by all means possible than they could test this avenue to see what is the level that the SS government bite at. Let’s be honest they don’t really want to be operators they all want a big up front lump sum check

Great summary on challenges facing deal making in Africa this year and beyond

https://www.energyvoice.com/oilandgas/africa/545796/deals-in-africa-10-things-to-watch-in-2024/

Https://www.zawya.com/en/economy/africa/south-sudan-president-fires-finance-minister-amid-an-economic-crisis-bdhdx5pp?amp=1

Hoping a finance minister which has previous ministry of petroleum experience alongside the current petroleum minister have some sense and can convince Kiir to approve our deal but I wouldn’t hold my breath

another ss finance minister sacked and replaced by former minister of petroleum. the ss ministerial **** show continues…… remember the sacked minister is the one who talked about the caltech saga.

https://x.com/patrickheinisc1/status/1768937985276264899?s=46

Rockyride - Pleased to see Niger coming back into play for Savannah now, time to stop dilly dallying on Niger and commence an aggressive work programme

Full Interview - https://www.cnbcafrica.com/2024/focus-on-south-sudans-oil-sector-a-promising-future-ahead/

Https://x.com/cnbcafrica/status/1768190536278528257?s=20

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..........................