Savannah Energy Share Discussion Threads

[rockyride] 16/5/2024 08:12

ClickOur Operations thenRead More (you will see SS on a map with highlighted in dark grey which is planned operations)Click on the Map of SS but when you Read More there, SAVE have attached the wrong RNSClearly not been proof tested and not very impressive

[fft] 16/5/2024 07:38

hTTPs://www.savannah-energy.com/Don't see any mention of South Sudan or Chad in operations. Where did you see that ?

[bushman1] 16/5/2024 07:31

Post on other bb. Of interest. South Sudan showing on updated SAVE website ~ ' planned operations '. Unable to c & p.

[nigoil] 14/5/2024 13:10

How's your 2.3p PPP shares doing purple11?......LOL

Simples!........;-)

[purple11] 14/5/2024 11:53

ooo

....rolls over and lets out a little gas.

[che7win] 14/5/2024 06:40

Thanks 1MadMarky

[1madmarky] 14/5/2024 05:35

Che7win- this court action was purely related to savannah trying to freeze the assets of cotco. Next year is a decision wrt the illegal nationalising of our assets in Chad. That one we should win as savannah had enough time to check check and double check the legality of the chad purchase before pulling the trigger.

[divmad] 13/5/2024 22:26

Zengas, a question. What do you estimate the share price potential of Save based on its Nigerian assets and nothing more?

[che7win] 13/5/2024 21:12

What's the real action next year? Not v sure what this means. Thanks in advance

[1madmarky] 13/5/2024 17:56

That's a shame. Real action next year.

[1madmarky] 06/5/2024 15:27

More details wrt the Abu Dhabi deal.

[zengas] 06/5/2024 14:21

South Sudan dismisses allegation of shady oil deal with UAE
The alleged agreement, negotiated on the sidelines of the COP28 climate change summit in December, would see the Hamad Bin Khalifa Department of Projects (HBK DOP) lend South Sudan the money in exchange for discounted oil supplies over two decades.


May 3, 2024

UBA – South Sudan has dismissed accusations of an opaque oil-for-cash deal with the UAE, calling them “unfounded” and “an attempt to damage relations between the two countries.”

The alleged agreement, negotiated on the sidelines of the COP28 climate change summit in December, would see the Hamad Bin Khalifa Department of Projects (HBK DOP) lend South Sudan the money in exchange for discounted oil supplies over two decades.
This is according to a copy of the term sheet seen by Sudans Post and an unpublished U.N. report.

Speaking to reporters following a weekly cabinet meeting in Juba on Friday, deputy information and communication minister Jacob Mijok Korok dismissed the reports as “social media allegations” that don’t require comment.

“There is nothing credible about $13 billion or whatever this figure is. It’s circulating on social media,” Korok told reporters after the meeting shared by President Salva Kiir Mayardit.

The term sheet, however, states that the agreement was signed on Dec. 28 by former finance minister Bak Barnaba and HBK DOP chairman Hamad Bin Khalifa Al Nahyan.
It remains unclear if the initial $5.24 billion tranche of the loan has been received.
Bloomberg reported that under the deal, South Sudan would receive $10 less per barrel of oil compared to the international benchmark.

The U.N. document cited by Bloomberg states that 70% of the loan would be directed towards infrastructure projects in South Sudan.

HBK DOP has previously been involved in a halted bid to buy a stake in Beitar Jerusalem Football Club due to concerns over Sheikh Khalifa’s finances.



Should be noted that Pres Kiir fired the above finance minister in March.
"President Salva Kiir fired Barnaba Bak Chol in March after a surge in consumer prices, a decline in the local currency’s value, and a shortage of supplies."

[upwego] 04/5/2024 04:38

This is the thing we just have no idea not even verbal approval. I think I`m just targeting end of year to mentally deal with it. lol :)

RR I hope so :)

[1madmarky] 02/5/2024 13:29

Uwg- return to trading... some time in July... possibly ( deliberately not committing to a year)

[bushman1] 02/5/2024 08:41

Excellent new posts on the other board to read through.

[rockyride] 02/5/2024 08:01

Uwg - I dont think there is no deal signing slot at the SS O&G conference at the end of June but even so, surely the SS Gov have to send some sort of signal that they are serious about investment in hydrocarbons in their country. Maybe a strong message could be sign off of our deal prior to or at the conference. Or maybe they have big plans to announce something with Wildcat PMSL.

[upwego] 02/5/2024 06:32

how much does anyone want to bet me will be another rns this month to say extension for another 6 weeks as we work on various work streams and government approval.

I reckon another 6 months to be honest government approval takes along time if at all.I think we have more chance of dinosaurs re - evolving ha ha :)

[zengas] 30/4/2024 21:40

Not sure at this time what the new oil & gas ltd company is for. Further acquisitions or perhaps some movement on S.Sudan ??


The Sipec acquisition last month is by the subsiduary Savannah Energy SC Ltd.

"The SIPC SPA will see Savannah Energy SC Limited (a wholly owned subsidiary of Savannah) acquire a 75% equity interest in SIPEC for cash consideration of US$52 million, payable on completion and subject to customary adjustments for a transaction of this nature from 1 September 2023. The Jagal SPA will see Savannah Energy SC Limited acquire a 25% equity interest in SIPEC."

[zengas] 30/4/2024 20:57

New Company -

Savannah Energy Oil & Gas Ltd incorporated at Companies house on the 25th April 2024.

Major shareholders on the company website updated yesterday.

[divmad] 29/4/2024 18:54

Jees. The opportunities for corruption have just gone off the scale.