Member Info for TrustILie

Zengas - Taking the aggressive nature in which we are pursuing renewable projects you would think that there is some degree of confidence that the south sudan deal should progress as a contrarian view would suggest that cashflow from accugas and cotco would make it quite difficult to sustain and fund 1GW+ of renewable projects even if the majority is debt finance, so they definitely need another big hydrocarbon acquisition to put us in strong footing to unlock our potential renewable portfolio, I know we have niger but to get niger producing 20,000 bopd + is still probably 2 - 3 years away

Porsche - I believe that entity may relate to renewable projects in morocco. I.e renewable morocco

https://oilprice.com/Energy/Energy-General/As-Europe-Turns-To-Morocco-For-Clean-Energy-North-Africa-May-Lose-Out.html

Don’t think we will know what SESS POWER LIMITED (14588464) and SEGSS LIMITED (14859526) relate to and probably relate to renewable projects in South Sudan that probably can only be announced in conjunction with the hydrocarbon acquisition. I don’t think they want to do the same mistake as they did in chad previously where they created a false sense of security announcing the chad renewable deals giving a false sense of hope that it meant the chad oil deal was a formality

Looks like an rns tomorrow morning announcing solar projects in Niger as per below tweet

https://twitter.com/nigermeer/status/1656345403854315520?s=46&t=bdVeLrGB139mDog1SFRNlw

I for one am hoping that this is the start of a strong comms window within the next few weeks with hopefully additional renewable projects and re-listing, let’s hope we see some more on the hydrocarbon front………..

Looks like 3 new company formed 1 yesterday and 2 today:

- SAVANNAH ENERGY RN2 LIMITED (14856863) incorporated 9th May 2023 as reported by Zengas yesterday

- SEGSS LIMITED (14859526) incorporated 10th May 2023

- SAVANNAH ENERGY NIGER SOLAR LIMITED (14859356) incorporated 10th May 2023

The 3rd company is pretty obvious that we have a solar project lined up in Niger as the name gives it away. Not sure about 1, also not sure about 2 SEGSS LIMITED (14859526) which could be a renewable project in South Sudan to tie up with our hydrocarbon acquisition as another company which was set up in Jan SESS POWER LIMITED (14588464) as well so I believe SESS POWER LIMITED (14588464) and SEGSS LIMITED (14859526) relate to a same country

Https://leadership.ng/buhari-inaugurates-afam-power-plant-decries-gas-supply-gaps/

Plenty going on in the Nigeria gas power space so I am sure we will have plenty of additional opportunities to increase accugas revenues.......

Zengas - Looks like another renewable project in Niger by the looks of the name of the company ?

A Chinese contracting firm wins contract to build a pipeline in South Sudan, still plenty of confidence in the oil and gas sector in South Sudan, you would hope that there is plenty of reason to still progress with our deal as the outlook is long term and there is plenty of confidence in the sector and stability in South Sudan. Even though the pipeline built is a interconnecting pipeline every pipeline connecting fields within South Sudan will make alternative export routes easier

https://www.yicaiglobal.com/news/20230510--8-chinas-norinco-soars-on-scoring-usd12-billion-deal-to-build-oil-pipeline-in-south-sudan

Https://www.thecable.ng/osinbajo-inaugurates-240mw-afam-power-plant-in-rivers/amp

I must say one thing I find surprising is that we haven’t gone for further oil and gas assets in Nigeria we have demonstrated that we are sound and reliable operators with the accugas assets so I find it slightly baffling I am sure we would have government support especially as we have demonstrated that we are strong operators with accurate, perhaps there aren’t and deals that we like

Zengas - The oil export through Sudan isn’t a new risk and always existed at heightened risk so I can’t imagine the finders of the deal to pull out because of the current situation in Sudan in all honest opinion so it remains to be seen whether the deal completes or not and whether the expeditions of re-listing are still with the next few weeks prior to H2. One would hope that having one deal falter with Petronas already that there is desire from both sides to complete the South Sudan deal at whatever cost. I am intrigued to see the next update as we haven’t had one since the war in Sudan broke out so we are all assuming that May weigh on the potential deal and perhaps delaying timeline beyond people expectation, obviously there are still within there said H1 timeline but with every passing week we get closer to the six month deadline, so one would hope that we have positive news on that front.

Komakino - fine agreed we may not get news on 12th June than add 2 more weeks to that and 7 weeks. Now there is a guarantee as they would have to report to the market forcefully of status as they highlighted H1 as admission document so effectively by 30th June 2023. What’s 2 more weeks in the grand scheme of things

As for deal making goes oil majors have a short window of opportunity to divest. Where the deal is attractive for the buyer and seller. Which means majors who would like to divest have about 3yrs more to divest where they can stroll attract buyers in the market after that I feel the oil and gas industry divestment will not be strong and most oil majors will have lost opportunity to sell assets so they will just run operations till the field is economically viable before pulling out of the country. So Petronas I am sure will love to make conditions as favourable as possible to make sure they are able to sell to savannah otherwise another opportunity may not arise anytime soon

All in all we have got 5 weeks till news either one of 3 things

1) termination of SPA
2) extension of suspension
3) deal completion

Is Ethiopia our next entry ???

https://twitter.com/savannah_energy/status/1654420675975602178?s=46&t=bdVeLrGB139mDog1SFRNlw

Komakino - I must say when they suspended again I didn’t think they would take the full 6 months thought we would have had something by now. All I care about now is we get something either on 12th June or in the period leading up to it and it’s a deal go ahead. Can’t take another suspension or an extended suspension at this moment in time think 2+ years of stuck in deals which don’t fully complete has got to the end of my tether a bit anyways rant over.

Let’s hope as the saying goes all good things come to people who wait applies here

Perhaps we could be wrapping up another oil and gas acquisition to wrap up into the admission document

With another week coming to a close it’s clear to see that we are not likely to get an rns on Sudan anytime soon with a GM before the Sudan conference looks like we will have to wait till the morning of 12th June to see if we will be out of suspension or whether they ask for extension or something else.