For investors concerned by the extended suspension of Savannah’s shares: fear not, it has been worth the wait. Savannah is acquiring both ExxonMobil and Petronas’s oil businesses in Chad and Cameroon for up to US$700m and has raised US$65m gross via an equity placing to help fund the transaction. The assets being acquired are highly cash generative, meaning the cash outlay come completion in mid-2022 is expected to be just ~US$330m. These deals will transform Savannah into a significant West and ....
