Savannah Energy PLC (AIM:SAVE) entered into a share purchase agreement to acquire Upstream and Midstream asset portfolio in Chad and Cameroon from Petronas (E&P) Overseas Ventures Sdn. Bhd, for $266 million on December 13, 2021. It is intended that the PETRONAS Acquisition will be funded through a mixture of debt and equity/equity linked financing. The PETRONAS Acquisition will be subject to shareholder approval.The transaction is currently pending regulatory approvals and fulfillment of conditions precedent, including the approval from Chad's Ministry of Petroleum and Energy. The SPA has an economic effective date of 1 January 2021. Strand Hanson and Camarco acted as advisors. Jefferies International Limited acted as financial advisor for Petronas (E&P) Overseas Ventures Sdn. Bhd,