As previously announced, the share purchase agreement with PETRONAS (E&P) Overseas Ventures for a wholly owned affiliate of Savannah to acquire PETRONAS upstream and midstream asset portfolio in Chad and Cameroon was terminated by mutual agreement on 13 December 2022. PETRONAS has informed Savannah that it has now completed the sale of these assets to Societe des Hydrocarbures du Tchad, the national oil company of Chad.