very goog summary of the situation

https://www.dailymaverick.co.za/article/2024-08-05-totalenergies-takes-its-foot-off-the-gas-why-sa-lost-a-huge-energy-deal/

Spoke to SA insider. The Total´s withdrawal is subject to the SA regulator's approval. It may take up to a year. There is still a big scope for negotiations.

Blir en fin dag i dag også.

Unlocked article published on AEC today

https://seekingalpha.com/article/4703062?gt=443deed2fad91740

SeekingAlpha republished the blog article today:

https://seekingalpha.com/article/4703062-africa-energy-talks-with-insiders-what-is-next

ANOTHER POSTIVE PART FROM THE ARTICLE:

There are positive signs — the new Democratic Alliance (DA) coalition government should be more friendly to business and encourage foreign investment. The DA appointed the new Electricity Minister and the deputy Energy Minister. But mainly DA appointed Minister of Electricity role now also includes Energy taken away from Mantashe, who retains Mining and Petroleum. Taking away Energy from Mantashe, might be quite positive. So reason may prevail to help the Block 11B/12B project.

AEC skal tilbake til 3 SEK hvor den var før den negative meldingen. Den er opp 126% akkurat nå. Kunn 0,52 SEk nå. Anbefaller kjøp på det sterkeste.

Excellent summary. I like this:

In the article published yesterday, Thulebona Nxumalo, an official at the National Energy Regulator of South Africa is quoted:

“We contacted them (TotalEnergies) to try and get clarification about what is it that is happening there. And what they indicated is that they had initially planned to exit but following engagements that they’ve had with government and other stakeholders, they’ve decided to stay. So, it sounds like they will be staying for now on that Brulpadda project,”
Source: https://headtopics.com/za/offshore-gas-finds-nersa-says-totalenergies-staying-for-55383421