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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/

Rocky - Thanks for clarifying on Niger. I am guessing IR have probably run out of things to say hence you haven't received anything

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.................. ;)

They finally realised they has a twitter social media account lol

First Tweet in months from Savannah

https://x.com/Savannah_Energy/status/1766040104798155177?s=20

Hopefully my earlier comment about getting 5,000 bopd from Niger and debottleneck Uquo from 2,000 bopd to 5,000 bopd this year will get us to 10,000 bopd of oil production without an acquisition

Really positive article on Niger from SP. Oil is already flowing through pipeline for storage tanks in Benin ready for first cargo lift end of april or early may

Mentions Savannah Energy

Savannah Energy, the only Western company operating in Niger, hopes to bring a 1,500 b/d oil project onstream in coming months, before ramping up to 5,000 b/d.

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/030724-niger-on-verge-of-first-oil-exports-with-110000-bd-benin-pipeline-completed-sources

Morning all, another week down all quiet on the Savannah front.

In other news looks like we could potentially explore renewables opportunity in Tunisia

https://www.linkedin.com/posts/aidabenghorbal_uk-tunisia-sustainable-energy-cooperation-activity-7171731439095418881-C9H0?utm_source=share&utm_medium=member_ios

Thanks Zengas - It would be interesting to see how Gran Tiera conversation proceed and the substantial pivot from nationalising 12 months ago to now trying to bring in a partner.

Perhaps this was the deby plan all along nationalise the asset to please public for the elections which are in May once he secures the election than perhaps pivot away from nationalisation

Good to see Nigeria continuing to execute reform to increase sentiment and investments in oil and gas sector through executive orders, here is hoping to another asset preferably an oil asset even a small one with small production numbers and development and exploration potential would be nice in the range of 5,000 - 10,000 bopd.

https://saharareporters.com/2024/03/06/tinubu-signs-three-executive-orders-reform-nigerias-oil-and-gas-sector

I for one hope that Savannah are well informed on this and to be spiteful I hope Savannah are getting there lawyers involved in case chad start to sell the Exxon stake to another party.

Thanks zengas and I must say a brilliant find. For the rest link below.

This makes it more frustrating clearly it’s more personal with Savannah if they don’t want us. On the finer detail. I wonder if they are going to sell the whole Petronas stake on or part of stake from their current holding excluding Exxon / Savannah stake which is being arbitrated.

Surely they can’t touch Exxon stake until arbitration is concluded and gran tiera wouldn’t want to be caught up in buying a stake which is being arbitrated unless through mediation Savannah and chad have perhaps reached an agreement that chad can find a buyer of their choice who is willing to pay the same price as we did for the stake which was circa $400m, Exxon get there outstanding balance and we get the rest for our troubles.

On second thoughts I feel chad bitten of more they could chew with nationalising and now to save face they can’t go back to Savannah as politically it would look comical so best option is find a new buyer I.e gran tiera and spin the story to say that they found a better deal when in reality it’s the same

https://m.facebook.com/sht.tchad