Further to its announcement on 3 December 2024, the Company advises that its ordinary shares remain suspended
from trading on AIM pending publication of an AIM Admission Document setting out, inter alia, details of a proposed
alternative transaction in respect of the ex-PETRONAS assets in South Sudan, should it be concluded, or confirmation
is provided that a proposed alternative transaction is not proceeding.
In this regard, since the last announcement, an affiliate of Savannah has signed an agreement with another energy
company to discuss collaboration in relation to the potential alternative transaction. A further update on progress,
and associated matters, is expected to be made by the end of February 2025.
