Africa Energy - Conversation with Mgmt and Insiders
Details of the conversations with the Africa Energy management, analysts and South Africa insiders.
https://fitinvestmentideas.com/2024/07/08/africa-energy-talks-with-insiders-what-is-next/
https://fitinvestmentideas.com/2024/07/08/africa-energy-talks-with-insiders-what-is-next/
NordicGuy
08.07.2024 kl 12:12
938
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
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
Mr Big
08.07.2024 kl 14:43
905
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.
NordicGuy
08.07.2024 kl 14:57
887
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.
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.
NordicGuy
09.07.2024 kl 08:35
839
SeekingAlpha republished the blog article today:
https://seekingalpha.com/article/4703062-africa-energy-talks-with-insiders-what-is-next
https://seekingalpha.com/article/4703062-africa-energy-talks-with-insiders-what-is-next
NordicGuy
09.07.2024 kl 09:44
805
Unlocked article published on AEC today
https://seekingalpha.com/article/4703062?gt=443deed2fad91740
https://seekingalpha.com/article/4703062?gt=443deed2fad91740
NordicGuy
31.07.2024 kl 16:47
621
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.
NordicGuy
03.09.2024 kl 09:09
432
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/
https://www.dailymaverick.co.za/article/2024-08-05-totalenergies-takes-its-foot-off-the-gas-why-sa-lost-a-huge-energy-deal/