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Congrats all the holders it’s been a long wait……

Niger will have plenty of newsflow in 2022, seems like the government are giving extensions to expedite exploration and production can only mean good news for us.

Things falling into place IMF approve credit facility for chad surely they would have received some guarantees as to viability and credit worthiness of the loan. A swift conclusion of the Exxon savannah deal and production restoration and stability helps smooth the credit facility https://www.reuters.com/markets/rates-bonds/imf-board-approves-570-mln-credit-facility-chad-2021-12-10/

Keep calm the deal is wrapped up Exxon want to exit they can’t afford to scupper it now this is just delayed reporting by Africa intelligence. Ignore the ****e being posted by some posters on here.

Seems to me that Perenco trying to discredit Savannah is to drive out the competition and lower the acquisition price for assets like Tunisia. Savannah clearly have more leg room through Vitol finance whereas Perenco may not have enough leg room to bid for assets and are afraid of being outbid for acquisitions that they both go for..... Hence the only may to stay competitive is to spread a false narrative and sling some mud at savannah. I say the only reason why they are doing this as they see us as a real competitive threat an a partner of choice for other acquisitions

It's important to remember that this deal has an infrastructure asset i.e the pipeline which cost over $4bn to build and us taking a 40% stake in this is significant. Infrastructure assets are generally geared towards favourable debt finance. So it will be interesting to see how the market prices this and not just the oil production that we are acquiring.....

Whatever the re-list price is it will be definitely be higher than 19p which we closed as this is a value accretive transaction, my conservative guess is anything between 25-30p to begin with, and steady uptrend as we see more acquisitions and operational updates.

Hoping for an update as a minimum this week. It would be good to outline what stage the transaction is at dragging on far too long now, happy to wait but need to step up communication. Has anyone reached out to IR ?

Wouldn’t surprise me if we try to have regional balance away from West Africa, and have some presence in East Africa diversification regionally could provide future stability and east Africa has always been more politically stable then west African nations, an East African acquisition or partnering could be the perfect opportunity. I hear tullow are looking for a development partner for Kenya project, wouldn’t surprise me if we are considering JV for that ?

I believe this is the start of new flow now slowly stepping up comms one by one we will get all the operational rns’s relating to all that has happened in the last 5 months, hopefully by the end of the week we see that admission document.

Here is a list of Eni all Tunisian assets, I wonder if they are just offloading the oil and gas assets or their entire Tunisian portfolio, if it's the latter that would be amazing as it will mean that we are adding a bit of renewable to the portfolio which would further strengthen our portfolio could be a master stroke.

https://www.eni.com/en-IT/eni-worldwide/africa/tunisia.html

Could we stay suspended for longer and complete this acquisition too ;) re-list all at once........

I think they still need time drafting the rns and getting the necessary sign off's for re-listing it wouldn't surprise me if we received a intra day rns.

I would rather savannah continue on an asset spree especially if they are right strategic fit and if they are going at a discount before any dividend as this a once in a lifetime window where majors are divesting and savannah clearly have access to finance as Andrew has said multiple times, remember we are still in the running for ENI Tunisia assets. Also as for the re-listing price I am not really fussed for the time being as I am fair value will be priced sooner or latter, we closed at 19p but remember since June the oil and gas prices have risen quite a fair bit if we weren’t suspended we could have easily been anywhere between 25-30p just on that alone without this acquisition. Now the market will price the new asset against stronger commodity pricing, secondly there could be more news coming from Nigeria and Niger operationally. Even if we were to re-list on par, lower or slightly higher the buying pressure factoring all this news and potential additional news on the horizon will create buying pressure and re-price the share quickly so the way I look at it if we re-list at premium great if not then it’s not the end of the world and in fact creates another buying opportunity I say this is win win don’t you ?

Positive tweets come out of savannah energy twitter, deal looks to be concluded….

https://twitter.com/Savannah_Energy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Exciting times transaction closed and looks like Exxon apologies have been told the sale has been concluded the employees slightly disgruntled. Exciting times……..

https://www.linkedin.com/posts/bianta-evelyne-b5725098_eepci-exxonmobil-chad-activity-6860210319143251969-OoX4

A LinkedIn post with old headline posted 1 day ago has interesting comments

https://www.linkedin.com/posts/vamadi-apollion-tobio-205b517a_savannah-energy-en-passe-de-soffrir-tous-activity-6859445380929601537-zEFP

Talks about next step it’s not explicit but looks like the deal is done, then the comment also say great let’s move on

very likely some weekend coverage in the media outlining the state of affairs

Personally feel we are about 2 weeks away from news, Monday morning rns is a bit too soon as they will be a lot of work to do if the deal has already been ratified unless of course they did the pre-work in anticipation of it already in which case it can't be too long before we re-list

Seems to me that the sale will be sanctioned and complete regardless. Savannah will restart operations whilst the existing employees will either A continue to strike or B return back to work once they realise that they cannot influence the closing of the transaction. Savannah will restart operation with temporary contractors, until such time the employees return from strike or they resign allowing savannah to do new permanent hires. Judging by the fact that the executive has flown back to states it tells me the deal has been ratified in private and will be announced when appropriate to do so it’s about timing they don’t want to add fuel to the the striking employees until everything is in place to kick start operations at which point the sale will also be announced