These tw@ts are bang out of order. I've never known a share be suspended for over two years in my life. |
Some more SS oil info |
South sudan might actually be making progress on oil exports |
Well the Naira is pretty much where it was at the end of June so..... we better not have significant FX losses for the 6 months to Dec. |
 Blah blah blah - even the stock market isn't interested in looking and replying as to why the company remain suspended based on a conversation and no signed SPA etc. This company is bullet proof and AK will simply continue to do as he feels with absolutely nobody holding him to account IMHO. It's ever likely he has always said he has no plans to move the company to the main market where he would face correct scrutiny and have to abide by proper regulation!Thank you for your email, copied below, regarding Savannah Energy plc (the "Company"). AIM Regulation considers all enquiries as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies ("AIM Rules") and for Nominated Advisers ("Nomad Rules"), and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation, and that of other regulators and competent authorities, can be found at the following: AIM Regulatory Landscape. We understand you are concerned with the length of time that the Company's securities have been suspended from trading on AIM. You will appreciate that, for reasons of confidentiality, we are unable to comment on Company specific enquiries. We understand that this may be frustrating but our approach to confidentiality, which is similar to that of other regulators, is designed to protect the integrity of our work. As you will note from the Company's notifications its suspension is due to the fact it has been pursuing for a significant period of time, a transformational transaction which will represent a reverse takeover and in respect of which an admission document will need to be published in order for the Company to seek restoration to trading on AIM. If you have not done so already, you may wish to refer to the Company's notification on 20 December 2024 (available here) that confirmed the Company expects to provide a further update by the end of February 2025. Further, we would refer you to the "What happens to my shares if the AIM company has been suspended?" section of our AIM Regulatory Landscape FAQ's (available here), which provides relevant information on suspensions of an AIM companies securities from trading. Kind regards AIM REGULATION |
Merry Christmas to all patient and frustrated holders!
Maybe just maybe will see some light and the end of the tunnel in 2025!
Here's hoping :) |
Happy Christmas all SAVE ers. |
If Save was overseen by the Church of England instead of AIM, I'm pretty sure that MSM would have been all over the case by now. |
Very tired of all this now, despite what might or might not be 'going on', I think the shareholders are being very much taken for granted. |
Investors Chronicle article
Savannah Energy suspension goes on and on
When should a listed company cease to be considered publicly traded? Savannah Energy (SAVE) has now passed two years of its shares being suspended, because of a South Sudan deal considered a reverse takeover. The original agreement with Petronas announced in December 2022 fell apart in August, but Savannah has been working on an alternative deal.
In an update on Friday, the company said it had “signed an agreement with another energy company to discuss collaboration in relation to the potential alternative transaction”. Another update is expected in February. This is not a new situation for Savannah shareholders – another suspension lasted six months in 2021. But maintaining the situation because another deal might happen is just bizarre. |
Upwego,I am not sure that I want a company I have shares in to want to buy assets that *no one* else wants. That seems to me like playing poker. AK has less experience than the companies you mentioned, yet he thinks he has found the holy grail. I don't think the market would believe him. |
As frustrating as it is, I`m starting to think slightly differently now, Petronas just walked away, and I have no doubt that CNPC, Sinopec, and ONGC which hold the remainder would probably want out, after seeing Petronas just walk away, why would these 3 big companies want savannah in? why wouldn't they all just not buy petronas`s stake and all of them 3 companies own a bigger interest? They don`t want what we have and who would after a rocky 12 months of uncertainty, these big boys are looking to ditch there non - performers and concentrate on better assets in better locations, out with the old and in with the new??
I think Savannah is bringing on muscle and financial backing to take the lot, it`s the only way I can see a RTO transaction still deemed to be larger than the current market cap. Maybe Vitol coming to the dance floor, as they would find away to market the oil with or without a pipeline?? Certainly interesting but still frustrating at the same time.
In this regard, since the last announcement, an affiliate of Savannah has signed an agreement with another energy company to discuss collaboration in relation to the potential alternative transaction. A further update on progress, and associated matters, is expected to be made by the end of February 2025. |
EDIT - ignore my previous post a few moments ago and just read this one - damned predictive! And I do not know how to edit posts!Cjtk - it is my prerogative to ask the question of AIM regulation, that is why the team exists. I feel I have the right to pose my question. If the stock market agree with the continued suspension I am simply asking for more information to be given to PI's via more detailed RNS. And if they look in to this a bit deeper they may deem that the company must resume trading. After-all there is a human element here and our NOMAD / AK maybe using too much of their potential poetic license. I hope the AIM look in to this in more detail if they are not 100% upto speed with everything that is really going on. |
Cjtk - it is my prerogative to ask the question of AIM regulation, that is why the team exists. I feel I have the right to pose my question. If the stock market agree with the continued suspension I am simply asking for more information to be given to PI's via more detailed RNS. And if they look in to this a bit deeper they may deem that the company must resume trading. After-all there is a human element here and our NOMAD / AK maybe using too much of their potential poetic license. I hope the AIM look in to this in more detailed RNS if they are not 100% upto speed with everything that is really going on. |
Surely Aim regulation are complicit in allowing the continuation of the suspension, if SAVE were not compliant with the rules then AIM should have ben jumping on them. To say they will open a file on something they should be consistently monitoring reeks of irresponsibility. |
Whilst extremely frustrating, I take comfort from the fact that 65% of the shares are held by 3%+ blue chip institutions and the directors, who to varying degrees have "skin in the game". They and other insiders have continued to support the board and who am I to disagree with them.
Experience has taught me that when pi's make waves, they sometimes create a tsunami, with the danger that it could submerge us all. The law of unintended consequences has a habit of biting one in the derriere.
Today's rns announced some progress : "since the last announcement, an affiliate of Savannah has signed an agreement with another energy company to discuss collaboration in relation to the potential alternative transaction".
The end of February takes us that much closer to a decision from the ICC and who knows what else may be in the pipeline.
Those insiders for sure.
I fail to see any benefit in attacking the Company in this manner, when it is by law required to operate in the best interests of its shareholders. |
Yes thanks RR |
And the reply received from AIM regulation:-Thank you for your email regarding Savannah Energy plc. AIM Regulation will now open a file and consider this. Kind regards AIM REGULATION |
Sent to:- aimregulation AT lseg DOT com earlier today:-Hi - to whom it may concern. Savannah Energy (SAVE) is listed on AIM and regulated by Strand Hanson. In December 2022 they signed a SPA and suspended from trading as the deal was deemed to be a RTO. The SPA was cancelled some months ago but SAVE have continued to be suspended on the basis of what seems to be a very flaky basis. Shareholders have been given next to no information on how they can remain suspended and the NOMAD now refuse to have contact with private investors. After over 2 years of being suspended, I personally find this situation absolutely unacceptable and would kindly ask that you look in to this situation and get back to me ASAP? If you agree that SAVE are in the right to remain suspended, surely PI's should be given more information as to how this is allowed and what is going on. If you deem the current situation to be unacceptable, maybe you should be forcing the NOMAD and the company to resume trading forthwith. Kind regards |
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