Member Info for TrustILie

Buyers come in again…….

What’s interesting is that we can easily tie in new customers quickly without much additional costs we could easily double our revenues on accugas alone through new customers we have the pipeline capacity already. This again re enforces Andrew point around accusations be a standalone $1 billion dollar business

Hopefully this is the start of a newsflow period that takes us beyond 40p, new gas sales contracts, debt refinancing news and Niger development plan should easily take us to 45 - 50p without any chad closing news.

I was wondering what was holding us back today looks like we had a couple of hefty trades to settle should move freely soon.

https://www.bloomberg.com/news/articles/2022-06-21/exxon-ceo-warns-oil-markets-may-be-tight-for-up-to-five-years

https://www.bloomberg.com/news/articles/2022-06-21/exxon-ceo-warns-oil-markets-may-be-tight-for-up-to-five-years?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=middleeast

Zengas - Seen as Perenco settled employee disputes makes me think Exxon will do the same as Perenco has now set a precedent, and judging by the article Exxon want to pay employees directly removing a question of doubt by going through the ministry where some middle men can steal the money.

That just leaves the question of the settlement which as discussed is a difference of $15M, I still feel that we will reach a swift conclusion same as perenco did. As i said part of the game theory is to spread news about the otherside in order for them to change there hand quickly, I believe a comprise will be reached within the next 1-2 weeks.

One thing I am hoping for is that if we do additional acquisitions than we are able to do sign offs quickly hopefully if we do Equatorial Guinea Zafiro deal it does not take to long to conclude and get ministerial sign offs

Perenco has completed it's acquisition of glencore assets in chad and looking to restart production to bring a total of 16,000 bopd oil production initially. This bodes well for savannah as they will have to use our pipeline to transport oil remember they also wanted our assets things definitely moving on the chadian front i believe our announcement is now few weeks away from sign off as the chad government are keen to get things moving and increase output on all fronts. exciting times ahead

https://nnn.ng/perenco-strengthens-chadian/

I reckon the divergence between tech stocks and oil stocks will be even greater in the next few days weeks and months. The rotation has started and hedge funds are moving capital into O&G at a quickest rate seen in over 15 years. The next few days weeks and months will see O&G has stocks move higher even on broader market down days. Watch this space…….

Zengas I always thought zafiro is our next acquisition. It fits the bill I reckon we have a deal in principal already and can only be announced once the cc deal is complete. Agadem dont think this will constitute a reverse takeover as Zafiro acquition will not be bigger than the enlarged company

Doesn’t change our fundamentals another dip buying opportunity…….. we should really be at 50p with chad acquisitions to close in July.

Agreed although July seems like the month that we should be able to complete the deal. Although I think the slip of the timeline maybe be counter intuitive for all parties involved including the chad government. The chad government will have to weigh up the risk reward of pushing for the additional $15m vs signing off the deal and getting savannah to push ahead with the work programme you got to remember it's also is in the government's interest to sign off the deal as soon as so Savannah can get to work increasing production which will in turn benefit them on an ongoing long term basis rather than a parachute payment.

Thanks Zengas, good to see that 01 July 2022 seems to be the official exit date touted, my gut feeling is that the deal will be completed and not worried at all. My reasons below:

1) seems like the offer is of $15m dollars so a difference of $15m dollars is the negotiation point, my gut feeling says that they will pay either full price of close enough as longshort says below. Far down the road for this deal to be terminated as the work to undo this all is far greater than closing the deal, secondly i remember andrew saying all things from savannah side are complete so it seems like if exxon really want to exit they will pay up or basically terminate the deal which looks incredibly unlikely at this stage......

2) the renewable energy deals in chad signed demonstrate that the chad ministry has accepted the fact that savannah will be the operator driving this assets going forward and i am sure savannah would have discussed there plas for doba alongside signing the renewable deals, savannah would have promised an increased work programme to generate value from the doba fields.

looks like its a simple game of poker to see who folds their cards for the 1st July 2022 exit date which is inevitable. So we are likely to get news come first week of July.

As crypto and tech stocks liquidate. True volume will come to companies that are generating FCF. I see energy stocks that are generating free cash flow with growth plans as the best place to be especially ones like savannah who are not yet fully priced up yet as safe money will park capital for the foreseeable future until fears of inflation and recession alleviate the capital allocation in growth stocks and crypto will not return.

https://www.marketwatch.com/story/lekoil-wins-ceo-dismissal-case-in-new-jersey-court-271655223012

Not much in the way till 40p should bounce back quite swiftly until the next bit of news.........

https://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=2064&customerKey=lekoil&storyID=15457096&language=en

We should start to move back up to 40p now that things have calmed a bit. expecting a strong day ahead.....

Relax peeps full year results will be released on Monday 6th June 2022 and rightly so it would be correct to release it a new week where there is no bank holidays for the news to hit the market appropriately.