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“Whilst the primary play will undoubtedly be of all its business digitally within the upcoming Ali Hassan Mahmoud, Chairman of the Board
the late Cretaceous turbiditic channels found two years.” of Directors of the Libyan Investment Author-
in Jubilee, we are also excited about the possi- National Oil Corp., December 08 2020 ity, with the presence of some of the advisors,
bility of extensive late Cretaceous and Tertiary legal professionals and specialists in the relevant
basin floor fans containing very large volumes of Savannah Energy departments of both parties.
hydrocarbons, which could exceed the existing During the meeting, several topics were dis-
discoveries offshore Ghana. Application of our appoints joint brokers and cussed, most notably the developing and con-
new imaging technologies is required to improve solidating of joint co-operation between the
subsurface understanding and increase explora- directorate change National Oil Corporation and its strategic part-
tion success rates. The upcoming new Multi-Cli- ners, also to open new horizons for investment
ent 3D seismic acquisition programme will help Savannah Energy, the African-focused Brit- in Libya as the NOC strives to increase produc-
unlock and accelerate development of what will ish independent energy company sustainably tion rates, to support the national economy.
surely be the next wave of major oil discoveries developing high-quality, high potential energy National Oil Corp., December 06 2020
in Ghana. projects in Nigeria and Niger, is pleased to
TG-GeoPartners, December 02 2020 announce that it has appointed finnCap Ltd and
Panmure Gordon (UK) Ltd to act as its joint LEGAL
corporate brokers with immediate effect. Strand
COMPANIES Hanson Limited continues to act as the Compa- Seplat comments on
ny’s Nomad and Financial Adviser.
National Oil Corp., KPMG Wachtel has resigned effective today from the sealing of building at
The Company also announces that Michael
Tunisia sign contract on board of directors. Steve Jenkins, Chairman of 16A Temple Road
Savannah, added: “The Board would like to wel-
development of financial come finnCap and Panmure Gordon as Savan- On December 2, 2020, the building in which
nah’s new joint brokers. We would also like to Seplat Corporate Headquarters is located, at 16A
and administrative systems thank Michael for his services to Savannah and Temple Road, Ikoyi, Lagos, was sealed in con-
wish him well in his future endeavours.”
nection with a court case by Access Bank against
On Tuesday, December 8, 2020, at the head- Savannah Energy, December 03 2020 Cardinal Drilling Services, a third party provid-
quarters of National Oil Corp. (NOC) in Trip- ing drilling services to Seplat.
oli, a signing ceremony was signed between the We understand that Cardinal Drilling has
NOC and KPMG International for a project to POLICY outstanding loan obligations to Access Bank.
develop an integrated system for financial and However, Seplat is neither a shareholder in Car-
administrative systems, human resources, man- National Oil Corp. and dinal Drilling, nor has outstanding loan obliga-
ufacturing, and production, in the presence of tions or guarantees to Access Bank and did not at
the Chairman of the Board of Directors Mustafa Libyan Investment Authority any time make any commitments or guarantees
Sanalla, Mohammed Al-Zamuri, Chairman of in respect of Cardinal Drilling’s loan obligations
the Board of Directors of KPMG Tunisia, and the discuss ways to develop to Access Bank.
members of the Board of Directors of the NOC, Seplat strongly believes that there is no merit
Abulgasem Shengeer, Elamari Mohamed and co-operation or justification for this action against it and has
Jadallah Al-Awkali. taken prompt legal action to vacate the court
Sanalla opened the signing ceremony with As part of the efforts of National Oil Corp. order pursuant to which the building was sealed.
a speech welcoming the audience, in which he (NOC) through co-ordination and co-operation This action was taken by Access Bank without
explained that by concluding this important with the Libyan Investment Authority (LIA), to any prior notice to Seplat, as required under
agreement and implementing it, the NOC will develop and support ways of joint co-operation Nigerian law.
be able to mechanise all its works and introduce with its partners. Seplat will vigorously defend against this
modern digital technology for all its financial, On Sunday, December 6, 2020, the Chair- improper action to the full extent of the law and
administrative and technical systems related to man of the Board of Directors Mustafa Sanalla, will seek all appropriate legal remedies.
the fields of exploration, production, industri- have met at the headquarters of the National Oil Seplat Petroleum Development, December 03
alisation, international marketing and human Corporation in the Libyan capital Tripoli, with 2020
resources, which will contribute to strengthen-
ing the status of the NOC globally, as the first
sovereign institution in Libya that have applied
the concept of transparency and good govern-
ance with professionalism, and in line with the
standards that major energy companies are
working with Internationally.
Commenting on this, Sanalla said: “KPMG
has been selected to implement this project,
being one of the top four companies in the world
and with extensive experience in this field, and
we hope that the company will be able to achieve
the objectives of the NOC in the transformation

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