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It would be seriously odd if they were in London and didn't meet Savannah at all, obviously doesn't guarantee approval but surely there would be some dialogue with Savannah and meetings schedule to at least talk about timelines and current state of play and expectations.

Also it would be counter intuitive to pitch at todays investor event in London to new investors if they are stall Savannah Energy deal and sign off. Best way to generate confidence to new investors would be them approving the Savannah Deal in due course.................. to drive sentiment amongst new investors...........

Could this be a positive sign delegates from South Sudan oil ministry in London this week potentially. Below twitter link from South Sudan Embassy in London Hon. Engineer Awow Daniel Chuang, Technical Advisor for the Ministry of Petroleum and the accompanied Delegation in London. The Distinguished Delegation will be participating in the FIN Oil & Gas Conference.

https://twitter.com/southsudan_uk/status/1681058616810393604

https://finoilandgas.com/ - Event Today & Tomorrow CONFIRMED DISTINGUISHED GUEST have the following guest attendees and speakers:

Puot Kang Chol: Minister of Energy South Sudan

Bernard Makeny: MD: Nile Petroleum, South Sudan

Surely with the 2 with the minister of energy and the managing director of the national oil company being 2 of the most handful of people to provide sign off for our deal potentially in London this week alongside technical advisor and other delegates as seen in the tweet picture has to be a positive sign. We have to use this opportunity to get the ink dry on the dotted line if it's not already planned.

That's a big delegation just to bring to a 2 day conference in my opinion and could be just attended by a single representative they can't have all come over here for a Jolly................................

I would have attended to gather information but sadly I am tied up at work

Looks like China and probably CNPC continue to still invest in South Sudan infrastructure and oil sector, which is a positive sign. If we do manage to successfully complete the south sudan I am sure we can work on an aggressive work programme to increase production from fields with CNPC quite quickly......

Ministry of Finance and Planning - South Sudan

Minister Dr. Dier meets Chinese Ambassador

Thursday, 13th July, 2023-Juba

Communication Department-MOFP

The Minister of Finance and Planning, Hon. Dier Tong Ngor met with the Chinese ambassador Ma Qiang, on Thursday and discussed the progress of projects implemented by Chinese companies in South Sudan. The projects include construction of Air Traffic Management System to boost the control of the country's airspace, dry port project in Nimule, roads construction and oil exploration among others.

The minister emphasized the government's commitment in engaging Chinese companies in major projects to support development in South Sudan.

In the meantime I am taking silence as good sign hopefully meaning that they are working tirelessly to achieve the 28th July, and worst case scenario being an extension of 1 or 2 weeks at max.......

Thanks Komakino, I will fire off a few emails and will let people know if I receive some replies, in the meantime if any of you hear back ahead of me and have emailed please let the board know, much appreciated.........

Anyone Knocked on the Nomad door or IR recently........................ Seems like we are stranded on a deserted island.................

If anyone has contact details i.e preferably email address for Nomad or IR can you please share with me as I would like to contact them

Countdown 8 days to go........................

Lex - South Sudan should in theory make us big enough but it depends on the acquisition we go for and the the accounting period that is taking into consideration when striking the share purchase agreement as the South Sudan numbers will only feed in post first full year of operations under us but I am sure it’s more complicated than that and there are probably lots of technicalities as well.

Also if we go for some acquisitions in Nigeria from Exxon, chevron, shell and pick up their entire upstream portfolio as supposed to their individual assets than you could be getting close to suspension territory again as the assets in Nigeria are huge as well, production may be equivalent to our enlarged group of the acquiring assets but some of the 2p reserves are staggering so all depends on what is the target but honestly as far as everyone is concerned as of now is to get Petronas South Sudan done and dusted. No one can think beyond that so far until this is out the way……. Xx

For good measure and a bit of fun I will say the following:

Admission Document released on 25th July

Re-admission on 26th July

Rocky was 50k bopd explicitly mentioned by AK on South Sudan production ? Also do you happen to know if the 2p reserves number was circulated about at the AGM ? I know Zen has posted a few times from previous Africa intelligence article but that was a while back so good to hear that number at the AGM.

Rocky on your point around return to market with the petronas deal in tact but formal approval not yet granted. I mentioned that the brokers will set the tone of the share price in that case by brokers i meant mainly finncap and panmure gordon and strand hanson as those are our 3 house brokers who will also play a hand in writing the admission document like they did with our last deal. I believe that the 3 will set the tempo for the Share price on re-listing with approval and without approval.

https://wp-savannah-2020.s3.eu-west-2.amazonaws.com/media/2021/12/Savannah-Energy-plc-Admission-Document-Dec21.pdf

Rocky - What can I say I am naturally and over thinker which probably isn't so helpful in this scenario. But as much as for some light hearted fun information sharing and learning from each other I do enjoy the exchanges with many posters on here. Plus I think it helps to share thoughts widely amongst the group on proceedings as it helps with engagement and understanding for all.

On a serious note if and when the admission document does land I might need to check in to a clinic and check my blood pressure before AK leads us onto another suspension, they say third time is a lucky charm ;)

I am feeling lucky this week not sure why there is a itch on my palm that needs scratching ;)

My assumption is based on the fact that the market can't discount the fact of how our nigerian business continue to outperform and grow as well as niger start up in sight.................................. Surely with the benefit of 6 months of nigeria performance and reduce debt and new Amcon gas contract at the very least we would open probably level or a few pence up the very least in the 25 - 30 p range. Besides it will be entirely down to the brokers as they normally have finer detail of where the company would be at in terms of approval so they will probably price it with that in mind as well, and who knows we may release the document announce another deal in tandem as well so all factors that would need to be considered in the opening price as well

Rocky in any case lets hope we only come back with approval in hand as that would be the most logical and reasonable thing to do, although I think the share price wouldn't react as you say and would still see a premium to our suspended price more in the region of 30-35p but not as large as we would see with approval obliviously. Let's hope he has planned the timing and workstreams to perfection so we achieve both.

Rocjy - I am guessing you haven't had any further updates from IR have you or do you plan to contact them this week ?

On a side note - is there a specific timeframe that we have to be trading for post suspension before we walk into another suspension. my question is can we come back from suspension and than go back into suspension for another acquisition or does some time have to pass first before we could do that ? not saying i want another suspension but good to know

Agreed Zengas - Hence my point how long can the admission document and re-listing be held back simply because of government approval, there is only o long the deal can be in sign off inertia.......................................

On a side note i find the below paragraph interesting referring to Exxon shell and chevron Nigeria divestments, wonder if these are the assets that we are looking to strike for when it mentions one other significant opportunity in 2023......

"For example, in addition to divesting its Chad and Cameroon holdings, ExxonMobil has indicated that it is pulling out of Ghana6 and says it will end operations in Equatorial Guinea after its licence there is up in 20267. ExxonMobil has also announced its intention to divest a significant portion of its Nigerian portfolio, as have Shell and Chevron7. PETRONAS had beenoperating in South Sudan for more than 24 years when itdecided to shed its oil and gas assets there."

Komakino - But surely the nomad can not keep on granting unlimited extensions indefinitely they will come a point where they will have to return to market if the deal is still pending.......................

Nomad - should in theory only grant extension if there is a firm date of government approval penciled into the diary, the nomad can not simply work on word of mouth oh it will be next month i promise or it will be the following month i promise though savannah pleading.....................

One would hope that when they mentioned the 28th July date as part of the results and if the intention was to come to the market with approval in hand than they would have some date penciled in the diary with the South Sudanese government, which allowed the nomad to grant the extension...............

Komakino - Based on your post below sounds like that we could still re-list without government approval and release the admission document, obviously having the approval to hand as well would be nice. I was always under the impression from posts from this board that we cannot return to market without formal government approval on the deal ? so I am guessing i was wrong on my assumptions ?

Sounds like there isn't a legal requirement for savannah and more of a preference to return to the market with approval in hand as well am I correct ? Cause waiting for south sudan government could frankly take ages and Q3 2023 can turn to Q4 2023, to Q1 2024 etc.................................

Tier - It does indeed hoping for a rockyride exclusive if he gets an indication / suss out from IR or hoping we get it soon regardless..........

On a positive note there isn't a better time to close the deal than now saudi extending cuts till the end of 2024 will probably mean a higher rolling average of Brent in the next 6, 12, 18 months likely closer to $80 if not more. The window to close oil deal is now as the market will like and appreciate deals fully

https://www.forexlive.com/news/saudi-arabia-says-will-extend-voluntary-oil-cuts-until-the-end-of-december-2024-20230717/

One thing AK needs to be mindful of is he is losing out of suspension windows if so if he wants to carry on with acquisition strategy he needs to deliver a significant deal in this window whether it's south Sudan deal or whether it's another deal that he can wrap up quickly within this window. If looking for other assets Nigeria may a safe bet as we are operating there already so we could potentially move a deal towards approval quite swiftly there if that were to be the case and if the groundwork has already been laid.