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If our net production share is 50,000 Bopd in South Sudan acquisition with new infill drilling that has kicked of it wouldn’t be surprising if that can increase materially by 50 -100 %. In space of 12 - 18 months. With South Sudan looking to bring oil output back to 300,000 Bopd from the current 150,000 our net production could range from 75,000 -100,000 Bopd, from South Sudan alone………..

Anyone been in touch with IR this month. Would be good to know if there is any update not necessarily on re-listing but anything else

One of the holding companies that we are to acquire as part of the South Sudan acquisition has already started to do infill drilling with a first successful well. If the South Sudan deal completes the net share of our production can increase materially and quite quickly we all know that South Sudan want to double production in the next 12-18 months. A game changer deal if all things play out as one would hope…………..,.

Let’s see what the next few days, weeks, and months present

Apologies I meant gm meeting in May

Just a thought but could we the sequence of events follow in the below order:

1) New admission doc and re-listing in April
2) followed by a GM meeting in May for shareholder approval of deal.
3) followed by south Sudanese government approval of deal either at the investor conference or in the lead up to it in June. I feel like they may sign the deal at the investor conference as one of the taglines of the conference is “where deals are made” so they might use the opportunity to market the approval and deal for other investors

Just a thought but could we the sequence of events follow in the below order:

1) New admission doc and re-listing in April
2) followed by a GM meeting in June for shareholder approval of deal.
3) followed by south Sudanese government approval of deal either at the investor conference or in the lead up to it. I feel like they may sign the deal at the investor conference as one of the taglines of the conference is “where deals are made” so they might use the opportunity to market the approval and deal for other investors

Hopefully more coverage on our deal from media outlets

https://www.spglobal.com/commodityinsights/en/ci/research-analysis/petronas-announces-exit-from-south-sudan-noc-evaluates-portfol.html?utm_campaign=Oktopost-Global-Cross+Commodity-Upstream+Solutions&utm_content=Oktopost-twitter&utm_medium=social&utm_source=twitter

It's interesting to see African Energy Chamber support and be an official partner for the South Sudan investor conference in June. We all know that the Executive Chairman of the AEC, NJ Ayuk has fully endorsed our acquisition when it was initially announced. Also interesting to see that South Sudan wants to increase output back to 300,000 bopd level doubling current output, we also know that Andrew will be presenting at the same event as well, so wishful thinking would suggest that hopefully we get approval on this deal swiftly within the next few months.

The biggest way of attracting investors is by demonstrating how quickly the government are willing to sanction such deals as it drives investor confidence.

https://energycapitalpower.com/as-the-official-and-strategic-partner-the-aec-wholly-supports-ssop-as-the-primary-driver-of-east-african-investment/

Zengas - Great analysis and I fully conquer if the deal was to close than it would be hard for us not to return to market significantly higher than our suspended share price. We are now in March and approaching 3 months since our suspension, one would hope that we should start to see some news flow to that effect within the next 8 weeks or so........ But as ever it's anyone guess as to when we are likely to see the re-admission document and re-list........................ ...... I would like to imagine that as with most deals they would have done a lot of the pre-work already so we should really be at a stage where the admission deck is hot of the press. I think a few have mentioned that Andrew does not want to return to market without formal government approval, not quite sure how true that may be, unless he has been given watertight guarantee that the government of South Sudan will sanction the deal within the 6 months period of suspension, so I wonder if the admission document is ready but they are taking the opportunity of the full 6 months which we are suspended to also get government approval over the line. Again this is just me talking out loud and not sure what the formal sequence of events should be.................

I think the logical steps would be a new prospectus admission document followed by a general meeting approving the deal, followed by government sign off. Perhaps we could receive admission document and conditional approval subject to general meeting.

This doesn't even factor all the renewable deals that could be announced as part of the new prospectus, we have seen some new entities form on companies house so hopefully there will be additional clarity on the purpose of these new companies

Zengas - Do you think the full valuation metrics can be achieved immediately on re-listing or do you think it will be achieved in time i.e. even if the deal completes it will reach peer valuations over couple of months ? sorry it may sound like a stupid question but was just wondering whether valuation re-rate filters through immediately ?

Agreed Cplloyd Andrew is speaking on Day 2 09:00-10:00 - Focus on Exploration: South Sudan’s Reserves and Exploration Acreage

https://www.southsudanoilpower.com/speakers/

What better way for South Sudan government to get Andrew singing their praises at the event helping their cause if they sign of our petronas deal ;)

One thing I find interesting is the South Sudan Investor Oil conference has everyone from the president to the oil minister to the managing director of their national oil company as guest speakers, that is pretty much everyone who is in the value chain who would review and consent to ministerial sign off. It would be difficult for them to oppose our deal and than try and convince other international investors to pour money into their energy sector in June when they speak as guest speakers, if they were to reject our deal one of the first questions from investors at the event would be you have denied approval to Savannah who is looking to invest and grow your production so why should we pour our money in when you make it a less friendly investor environment by not sanctioning our deal.

https://www.southsudanoilpower.com/event/south-sudan-oil-power-2023/

Good Point Zengas although they can give conditional approval with full ratification upon shareholder approval. I think it will do a world of good to have a few sound bites from the chad government and ministry to gather their stance on the deal. surprisingly unlike the chad deal where you were posting a few African intelligence news feed, there is literally nothing on the south sudan deal it's seems really watertight in terms of any government leaks.

The next 3-6 months are probably the most critical juncture in Savannah Energy Plc history, that could potential be transformational and company making, if all things workout in our favour there is potentially lots of news flow due on multiple fronts which could transform us into a serious credible mid cap African producer of oil and gas in the region close to 100k bopd per day:

1) Strong Accugas revenues, with additional gas contracts potentially lined up we all know that the port harcourt power turbines are due to complete end of March 2023 / April 2023. Wouldn't surprise me if they are looking for more of our uninterrupted gas supply.
2) Resolution of doba assets and continued investment in increasing production.
3) Successful completion of south sudan deals
4) Additional renewable deals
5) Niger pipeline already 70% complete likely to be 100% complete by Q3 2023. This should enable us to draw up plan for Niger operational programme in anticipation of completion.
6) Net Debt continuing to reduce significantly
7) Strong Macro oil & gas environment likely to continue for the foreseeable future.
8) Who knows if the above is all successful we may continue to go for more divestments by majors although for now I would be happy with 1-7 as there is plenty to grow within the above mentioned without overstretching for more acquisitions post the south sudan acquisition

If all of the above pulls of it’s hard not to see us being multiples of our 26p suspended price.

The other alternative is they have finally decided to accept the $25 million that Exxon was offering for the departure which also could be another possibility. Also following the ICC ruling there was a 30 day consultation period, I would if they decided to re-engage.

Whatever the reason I am pleased by the fact that we can continue Serenely as the article states

Agreed Zengas - It wouldn't surprise me if the ground work was laid at the last year's SSOP afterall Andrew Knott Picture is in the banner ;). I also agree it would not be a great look on potential new investors especially if they are marketing new oil blocks where there are looking to attract renewed invest from investors.

https://www.southsudanoilpower.com/speakers-2023/

We may never get the chad government to come out and endorse this deal and that is perhaps more politics but at the very least I don't think they will be able to stop us carrying on as the article outlines. In my opinion probably the first sign that the chad acquisition is watertight.

Last January, the Paris International Chamber of Commerce (ICC) ruled in favor of the British junior Savannah Energy in the case between it and the State of Chad. “Ruling that the Chadian decision was not legal,” Chadian media reports of the ICC decision. Since the takeover of ExxonMobil's assets in the Doba oil field and the Chad-Cameroon pipeline by Savannah Energy, it has been the subject of fierce protests from the Chadian authorities. The latter consider the deal concluded on December 9, 2022 for an envelope of 250 billion FCFA to be illegal. Since then, it is a real legal battle that was held both at the Tribunal de Grande Instance of N'Djamena and at the International Chamber of Commerce in Paris.

The oil company was accused that the deal concluded between the two oil companies would violate the legal prerogatives recognized to the Public Petroleum Company of Chad (SHT), in particular its right of preemption which it has not yet exercised. “The Republic of Chad has discovered, through the publications of Savannah (…) that the final terms of the alleged cession present substantial differences, on decisive points, compared to the terms presented a year ago to the Chadian authorities and to the SHT when Esso was seeking approval for the sale of its assets to Savannah,” said Chadian Energy Minister Djerassem Le Bemadjiel at the time.

With this decision of the CCI, Savannah can now continue its activities serenely. It should be noted that the acquisition of the assets of Exxonmobil enabled the company listed on the London stock exchange to acquire a 40% stake in the Doba oil project, in southern Chad, as well as an indirect stake of 40% in the Chad-Cameroon export transmission system, which includes the 1,081 km long pipeline and the Komé Kribi 1 floating production, storage and offloading facility, off Cameroon. In Cameroon, the Chad-Cameroon pipeline constitutes an important windfall of State revenue. By way of illustration, between January and October 2022, the operation of the Chad/Cameroon pipeline generated, on the Cameroonian side, a transit fee of 34.04 billion against 26.9 billion in the same period in 2021. This amount is increasing 26.5% year-on-year.

Like this line - "With this decision of the CCI, Savannah can now continue its activities serenely." This perhaps ties in with the entity that was created last week as Zengas highlighted Savannah Midstream Investment ltd, which is an entity which is likely to relate to the chad/cameroon pipeline and operatorship interest, probably means the chad government will have to let us carry on with our operatorship of the doba assets, perhaps there stance has dropped or perhaps now they have no legal grounds left and further challenges could lead to an international tribunal in damages which the chad government is unlikely to win and will be massively costly.

https://ecomatin.net/savannah-energy-remporte-un-arbitrage-a-la-cci-de-paris-contre-le-tchad/

Zengas - do you think we will issue a admission document and re-list without formal sign off, or do you think this time round the 2 will coincide, meaning when the admission document and re-listing is done we will have ministerial sign of from south Sudanese government. After all we could re-list with no official sign off, it would be good to hear your thoughts on this ?

Looks like some corporate re-structure going on and perhaps lining things up to complete the South Sudan acquisition. I for one would also love to see news on new accugas customers and also Niger update in anticipation of pipeline completion.

Porsche - could this mean that effectively they have paid of the chad debt for acquisition. I vaguely remember that the broker note in December when suspended once more referring to the fact that the chad acquisition will be paid of in 2-3 months from cashflows. It could mean now that the chad acquisition is effectively paid off now. So we can proceed with a new charge for the South Sudan acquisition