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Good find Porsche - I think they may progress but albeit slow, is it enough to issue an AD Doc by 1st Feb ler's see, but if there is genuine positive progress than another extension of roughly 2 months till 31st March may be the more likely outcome and more plausible................... Perhaps the wheels are slowly turning and slowly crank up but likelihood is some additional time is probably needed to fully grease all workstreams to come to market.

It looks like the minister of petroleum only returned to office last week so whilst we may have progress are we fully there yet remains to be seen.

https://twitter.com/puot_kang/status/1747906200128151721

Https://x.com/onyeka_chii/status/1748000313821262150?s=46&t=bdVeLrGB139mDog1SFRNlw

Looks like as I thought Abia state could be a new market for accugas / savannah somebody else also commented on it on twitter see below

https://x.com/emmaoyoki/status/1747968609035366630?s=12

Another refinery in southeast Nigeria in vicinity of our accugas pipeline due to commence shortly. With all the developments happening in an around our accugas pipeline network. It's hard not to get excited about the potential accugas has in the short medium and long term. I vaguely remember at one point the company did mention that accugas has the potential to scale up to $1bn in revenues alone as a standalone asset. This year developments in the OML 13 licence area, with refineries coming on stream and all within reach of our pipeline network will truly appraise the unlock the value of accugas asset

https://www.legit.ng/business-economy/energy/1573996-fg-announces-date-complete-refinery-dangote-port-harcourt-begins-operations/

Chevron CEO has said the oil market is likely heading for a supply crunch 2025 Onwards. There is never a better time to secure oil acquisitions than 2024. If only we can bring home a material oil acquisition this year...................................

https://boereport.com/2024/01/16/market-to-be-short-oil-from-2025-onwards-occidental-ceo-at-davos/

Shell suspends red sea shipments indefinitely if things continue or escalate we could see $100 oil and stronger gas prices in Q1, the supply disruption is real it will be interesting to see how oil and gas equities respond to this in the next few days and weeks as supply concerns continue to mount.

https://www.wsj.com/world/middle-east/shell-suspends-red-sea-shipments-amid-fears-of-more-houthi-attacks-c7fa936d

After the commissioning of Dangote refinery looks like Port Harcourt refinery is also due to come online.

https://www.reuters.com/markets/commodities/nigeria-seeks-operators-state-owned-port-harcourt-oil-refinery-2024-01-15/

Looks Like Shell has sold it's onshore Nigerian assets to Renaissance, a consortium of five companies for up to $2.4 billion. Renaissance is made up of ND Western, Aradel Energy, First E&P, Waltersmith and Petrolin.

https://www.reuters.com/markets/deals/shell-agrees-sell-its-nigeria-onshore-oil-gas-business-2024-01-16/

Again from the list of names in the consortium it seems like african independents are always the preferred buyers for the sellers, as governments are likely to approve deals involving local independents and foreign independents. I still remain of the opinion that foreign independents will find it extremely hard to close deals in africa the real winners for african divestments from majors will be local African independents.

Let’s hope we have done some leg work at summit alongside being silver sponsors can see savannah applying for a few licences in upcoming bid rounds

https://energycapitalpower.com/oil-gas-bid-rounds-imminent-announces-libya-summits-finance-panel/?utm_content=278415192&utm_medium=social&utm_source=twitter&hss_channel=tw-3468678856

Interesting to see savannah energy tagged to this particular session by a linked in post from energy capital and power. Could we line up a renewable project in Libya ?

https://www.linkedin.com/posts/energy-capital-power_lees2024-oilandgas-energy-activity-7152280083725004800-ysav?utm_source=share&utm_medium=member_ios

We are silver sponsors this week at Libya energy weekend summit this weekend . Let’s hope we are sponsors of actual substance and it means something in terms of partnerships rather than sponsors to just fill our time

https://x.com/energycappower/status/1746191920185966663?s=46&t=bdVeLrGB139mDog1SFRNlw

https://x.com/energycappower/status/1746191920185966663?s=46&t=bdVeLrGB139mDog1SFRNlw

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/

Komakino - Perhaps, they may be some signature payments tied into the all inclusive headline price..............

I wonder if we are willing to go higher than $1.25bn to secure the acquisition. Let's say we are prepared to pay $1.6bn for the assets would that be enough to convince of approval ?

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.

Https://www.reuters.com/business/energy/nigerias-dangote-refinery-set-test-runs-after-getting-more-crude-2024-01-08/