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I wonder if things have moved on the background clearly savannah would be getting daily updates from Exxon on the status of the deal closure. I find it interesting that they are going on a hiring spree as they posted a lot of job vacancies on LinkedIn in 3 to 4 days ago.......

https://uk.linkedin.com/company/savannahenergy?original_referer=https%3A%2F%2Fwww.google.com%2F

seems like Cameroon don't want a court case they can't afford so they could fold easily....... Which means that the case more or less likely closed before it even begins, lets see what unfolds in the next few weeks but my guess is that they will probably come to some arrangement.....

Could we go for additional gas assets in Nigeria which we could optimise using our infrastructure

https://punchng.com/fg-lists-213-gas-blocks-for-investment/?amp

Looking to add some more between now and closing looks absolute bargain under 23p...........

Gas could be seen as a transition fuel………. Could see plenty of money pouring into gas projects in Africa, I wonder if we are screening additional gas assets and not just oil would be really interesting to see…….

https://amp.theguardian.com/environment/2022/nov/11/gas-producers-using-cop27-to-rebrand-gas-as-transitional-fuel-experts-warn

Good rns expecting this to return to 5 / 6p levels again where it was prior. Interesting to see how becoming a European partner to Avion unfolds in the next few weeks, I like the bit where it says we can become cashflow positive and they have already identified a European partner and are just working through the details....... could get interesting

US markets looking for a strong open we could be on for a green day today in the afternoon session…..

Expecting the deal closure in the next few weeks. I think the chad ministry run the risk of Exxon downing tools and not investing which could deplete chad revenues significantly. They will have to meet somewhere in the middle as Savannah are planning to ramp up production which means long term revenues for the government will be higher versus short term one of exit payment, plus Savannah has already committed to renewables project in chad so there is already an expectation that it will go through, I think it's a game of poker in terms of the amount they both settle on, but clearly Exxon and Petronas will have to pay something. Also another value accretive renewable deal could be announced shortly as Savannah has set up a new subsidiary SAVANNAH ENERGY WN LIMITED 1st November. So expect an announcement shortly............

Besides we are at our natural valuation currently we were suspended at 19p and our gas production at that point was roughly 20,000 BOEPD equivalent and since than it's increased to around 32,000 BOEPD. So based on the current price we have had about 50% increase in production yet only added 5 - 6 p to our SP, I would expect us to be around 30p just on our Nigeria assets and increase in production. currently no value is being attributed for the chad deal so even if it weren't to happen I don't see it majorly impacting our SP as it's not priced in the sp

I personally think that there is some corporate activity definitely due hence the radio silence. Wouldn’t surprise me completely if we get an all out cash buyout offer. Now that avion have got complete guidance on how to reach the finish line with our market cap heavily discounted, it presents a unique opportunity for avion. Hard to see avion walk away when they have spent so much time consulting the FDA, remember it is avion that has the relationship with the FDA not immupharma so it’s hard to see avion walk away completely after the investment of time they have spent to date. My guess is it may require additional work but avion probably now want a bigger slice that could perhaps mean global rights or even a complete buyout…….

Expecting last week's strong momentum to continue this week easily 5p+ this week.

Avion going ahead with plans will easily see this to 20p+ in very short order. We can’t be far of news or at the very least an update surely. Looking to grab as many as I can under 5p.

Of course it can be more but I would expect the higher numbers to be on completion of Phase 3. I was basing the 20p purely on next piece of news. It could definitely do more if we get additional partners and proceed the CIDP trial as well. then we are talking 50P plus easily.......

appropriation of funds in africa is really difficult and the risk that this payment ends up lining some minister pocket is high seen as there is no legal requirement for this payment under current terms.

guess that's the nature of deals in africa from savannah's perspective it seems frustrating as it's clearly preventing them from doing other transactions. I am sure savannah must be pressuring Exxon and Petronas to pay up so they can get it done. At this point they really need to wrap this up because this cannot go on forever and it seems like Chad government are playing hardball and in no rush so the ball is really with Exxon & Petronas clearly lawfully Exxon & Petronas are doing this by the book as the article mentions the contract and the country's oil code does not require them to pay any exit fees. I am sure they are getting legal advice on this as paying the separation bonus when not required to do so could also reflect badly on them as clearly this separation bonus is going to end up in somebody pocket then state treasury so there is also a optics risk for Exxon and Petronas and we know how much oil and gas companies are scrutinised to do the right thing under ESG when plenty of shady deals and payments have happened in the past in this sector especially in Africa.

If we receive updated on the next steps we could easily see 20P+

Another crack at 4p+ would be great to see today.

Would be nice to close above 4p and strongly, plenty of momentum if volume comes in can see it return back to it's natural 7p level if volume comes in.

Typical widened the spread again...... to prevent it running cant keep it down for too long.......

Expecting strong momentum again today volume and 4.5p -+ on the decks easily…….

Starting to get strong again should easily be back above 5p+ soon..........