Savannah Energy Share Discussion Threads

[thommie] 02/8/2024 07:50

Im not sure why you are so angry about this rns. SAVE made it clear on the agm, that they are only waiting for government approval. It's totally out of their hand. Thats nothing new and nothing that will change till it's given. If Salva Kiir maybe gets enough money through various workstreams for him personally and might finally give his signature we will see a rns out of nowhere, nothing planned after a 6 weeks timeline... Im not sure if waiting for the presidential sign off really is the right strategy here, but who am I? In the end waiting seems beneficial for SS, as it opens up a way for them to do the same what chad did with the petronas interest. Just say no and then go to the seller yourself and just take over the part of save on the same terms with the same effective date as save had, not needing big financial backings to take it over anymore, if you delayed it long enough. Petronas wont care, as they didnt in chad, they just want to get rid off their stake and dont care who will carry on, if the terms are the same. Sad, but there is a high probability thats true, as otherwise they cant get rid off it.

[buffythebuffoon] 02/8/2024 06:55

17 June 2024

Savannah Energy PLC

("Savannah" or "the Company")

South Sudan Acquisition Update



Further to its announcement on 17 May 2024, the Company advises that its ordinary shares remain suspended from trading on AIM while it advances the various workstreams associated with completion of the proposed transaction and is working towards publishing an AIM Admission Document in Q3 2024. A further update on transaction progress, and associated matters, is expected to be made within the next six weeks.

[haideralifool] 02/8/2024 06:51

OK so resisting is dependent on other parties etc. But what about this? Presumably this is wholly in their control.

"A further update on transaction progress, and associated matters, is expected to be made in early September."

[buffythebuffoon] 02/8/2024 06:46

Is it an update to say that nothing has changed?

Do we have any idea on whether anything has changed at all?

The first one to mention AKs underpants gets a choice of the spike at Dunnett Head, Lizard Point or Corrachadh Mòr….

Buffy

[lloydypool] 02/8/2024 06:28

Great news, shares should fly this morning on it … or at least flatline!

[buffythebuffoon] 02/8/2024 06:18

If I’d been holding on to a piece of cloth from the moment we were suspended then it would now look as manky as the one that William Wallace/Mel Gibson held in Braveheart. Let’s all march down Regent St with banners and flags demanding that Andrew Knott be hung drawn and quartered, with his body parts put on spikes at the furthest points NSE&W of the UK.

Alternatively we could send a polite email to the LSE asking if it’s now possible to keep a company’s investors from accessing their money for a lifetime.

Never in the history of RNS writing has so little editing been required to a previous one.

The first one to say that we must be close to a resolution or an extension wouldn’t have been granted will find him or herself testing out one of the spikes. It won’t be the one at Lowestoft though as I don’t want to die of boredom trying to find something interesting to see or do there.

Buffy

[fft] 02/8/2024 06:07

That news is a great relief.I had been concerned that there might have actually been some progress :-)

[rockyride] 02/8/2024 06:03

Excellent update of SS:-Further to its announcement on 17 June 2024, the Company advises that its ordinary shares remain suspended from trading on AIM while it advances the various workstreams associated with completion of the proposed transaction and is working towards publishing an AIM Admission Document in Q3 / early Q4 2024. A further update on transaction progress, and associated matters, is expected to be made in early September.

[fireplace22] 01/8/2024 10:21

Not been very good to date on that front, Chad, Niger, Cameroon, SS. Fifth time lucky maybe?

[upwego] 01/8/2024 08:16

I cant help but to feel the S.S government are not bothered and not acknowledging Ak or SAVE seriously surely we would have heard some media reports..

Oh well you never know one can only wait and see what comes out in the wash.

[rockyride] 01/8/2024 07:27

Let's just hope that should SS fall through that we don't go back to back into another RTO and continuous suspension. I think even the regulator are getting frustrated with AK and they've got the measure of him now.

[upwego] 01/8/2024 07:25

Maybe waiting till Friday bad RNS stating there pulling out..

Were all pretty much in the dark tbh..

[upwego] 01/8/2024 07:03

no update - slightly frustrating - we will be no further and when an update does come it will come with the same BS

We are working on the various work streams la la la.

Ad doc meant to be Q3 that won`t happen either unless we get approval from the Government.

this is so strange to have even nothing verbally, nothing through Africa Intelligence

How I`m seeing it they are trying to get approval first and then it will all start working and if they don`t then it will be re-list and another asset shortly after to chase, let`s hope we can nail it or it will be 2 years and a total of 3 years wasted.

[rockyride] 31/7/2024 07:47

6 weeks from 17th June was up last Friday mate.

[croasdalelfc] 31/7/2024 07:13

6 weeks is up by Friday at the latest . Bets for another 6 weeks ?

[rockyride] 28/7/2024 05:49

Oil prices would rocket (pardon the pun) if this lot kicks off:-https://www.bbc.com/news/articles/c29dydz84ngo

[zengas] 26/7/2024 13:26

I'm not sure RR. I would think if they do, they would have one quite quickly if S.Sudan didn't complete with that section not required, hence ready to go ?

[1madmarky] 26/7/2024 13:00

I would have thought that they would have to issue an AD as the market has not been properly informed wrt stubb creak and refinancing etc.

[crankylad] 26/7/2024 10:45

They should NOT be allowed to stay suspended for so long, they should be kicked off the market!!

[rockyride] 26/7/2024 10:20

Z - should SS fall through, do SAVE still need to issue an AD to re-list the company?

[zengas] 26/7/2024 09:48

Out of the last 40+ RNSs, They have only put 3 out on a Friday after hours in the last 2 years. A Cotco update 2nd June 2023 @ 6.10pm, Exxon completion 9th Dec 2022 @ 6.30pm and a holdings RNS 2nd Sept 2022 @ 4.45pm.

Unless it's the adm doc, completion or both re S.Sudan it won't make any difference during suspension.

[1hercule] 26/7/2024 09:19

That they do, with little or no information.

[dcarn] 26/7/2024 08:57

After hours today it is then, they love a Friday 16:30 RNS.