Savannah Energy Share Discussion Threads

[croasdalelfc] 20/5/2024 21:33

hTTps://x.com/javierblas/status/1792654126498632011?s=61&t=K8cQEGwi4MkTYlqZi6cmKgNiger-Benin export pipeline operational

[mount teide] 17/5/2024 10:41

'Also I have been wondering if any of the delay is due to the damaged pipeline. Would you as a CEO want to sign on the dotted line for $1.25bn of oil assets with no current route to market. There would have to be some serious T&C’s build in to any final sign off.'

Only if SAVE were getting the assets for a small fraction of the headline price, due to the amount of cash-flow accrued to SAVE from the effective economic date of the deal.....as is likely.

Plus, assuming the deal receives the expected Government approvals and consents, it would be a smart and not unreasonable move from SAVE to secure some form of 'insurance policy' from Petronas, to cover/share the ongoing financial impact of the damaged pipeline, should it continue beyond the completion date of the deal.

The South Sudan Government's $13bn 'cash for oil' deal signed with the Qatari firm is potentially a strong positive development in this connection - as it offers a very high incentive for the Government to secure the early repair/remediation of the export pipeline and, and to upgrade the level of security deployed to protect the staff and operational infrastructure in the producing fields and, the export pipeline.

[buffythebuffoon] 17/5/2024 10:07

RR,

‘ Buffy - I started to invest soon after IPO and my timeline was always Dec 2024’

In July 2014 your timeline was set at Dec 2024? I assume that must have been based on age rather than operational/SP metrics!

Buffy

[rockyride] 17/5/2024 08:56

Buffy - I started to invest soon after IPO and my timeline was always Dec 2024, I have quoted that date for years. And although I still to conduct to quite serious restructuring of finances, I've put plans in place now to give myself some leeway. If everything worked out perfectly for me, I conduct my finance stuff outside selling any SAVE and then SAVE comes good and pays a strong dividend moving forward. That would be a serious stroke of luck for myself and if all goes well I can honestly see SAVE distributing a minimum of $100m pa which fully diluted at fx 1.27 = 5.6p per share.

[upwego] 17/5/2024 08:45

Looks like it will be end of year if were lucky, I expect this to go on for some time yet.. oh well I still want to see some verbal communications that SAVE are excepted as the purchasers of this asset and still I see nothing..

[buffythebuffoon] 17/5/2024 08:31

RR,

TXP & SAVP looked so exciting as an investment all those years ago. I finally jumped ship on the former and will do so as soon as possible on the latter.

SAVE will come good, but I’m afraid that what with the timeline seemingly still being as far away as it appeared to be all those years ago I need to sell as my timeline isn’t.

Buffy

[haideralifool] 17/5/2024 08:14

"is working towards publishing an AIM Admission Document in Q3 2024"

It was 'early Q3' in the previous RNS. So this is an oversight (like the map on the website) or a delay?

[rockyride] 17/5/2024 08:08

Personally I think this is a cracking RNS and gives me great confidence in the company and the quality their reporting, communications.It also demonstrates the dedicated and professional Approach to keeping the PI community updated with quality communications. IMHO it gives the company another 4 to 5 months to:-Produce some more lovely ESG documentsAttend multiple conferences all over Africa and in LondonAllow then to say fxxx all again at the AGM and AK see no reason to attend againGive the Naira some more breathing space to weaken further against the $Allow the opportunity for POO to possible fallGive the IR team plenty of time to proof read the new WEB site and check for obvious errorsGive AK a bit more time to plan first oil in Niger or contemplate bringing in a partnerRun the rule over a few more very-high risk very expensive M&A opportunitiesPermit a few people within the group to go on sponsored training courses all over the WorldBring in another consultancy company to work out the share option scheme on re-listSo all in all this breathing space should allow the company to get all their admin and housekeeping in order. And then when we re-list everybody should have an empty in-tray and we can then start thinking about how we run a successful O&G company.So all good in my World and cant wait to see another RNS on 30th September extending the suspension to a new date surpassing the 2 year birthday of the first suspension.GLA all and keep smiling...

[rockyride] 17/5/2024 07:02

Further to its announcement on 5 April 2024, the Company advises that its ordinary shares remain suspended from trading on AIM while it advances the various workstreams associated with completion of the proposed transaction and is working towards publishing an AIM Admission Document in Q3 2024. A further update on transaction progress, and associated matters, is expected to be made within the next four weeks.

[fireplace22] 17/5/2024 06:28

'A broken pipeline that exports about two-thirds of South Sudan’s crude production could heighten the risk of renewed fighting in the world’s newest nation if not repaired urgently, according to the International Crisis Group.'
It was apparently ruptured in February.

[cplloyd21] 17/5/2024 06:25

hxxps://www.crisisgroup.org/africa/horn-africa/south-sudan/south-sudan-edge-its-neighbours-war-disrupts-oil-exports

Grim reading

[croasdalelfc] 17/5/2024 06:13

Paywall unfortunately: hTTps://www.bloomberg.com/news/articles/2024-05-16/burst-oil-pipeline-risks-south-sudan-violence-economic-meltdown

[1madmarky] 16/5/2024 12:10

Cheers for the update Rocky, much appreciated!

[rockyride] 16/5/2024 11:43

Quick call with IRErrors on WEB site fed back to them and should get corrected soonNew suspension date RNS later today / tomorrow - SAVE just waiting for the date from AIMAK been in Nigeria for some time but back in SS at the momentI suspect no Gov sign off still but AK would only inform a very limited few if we had itOperations going well in NigeriaNo new drilling taken place in Niger yet - progress proving to be quite slow2023 finals / accounts expected this month and detailed update on Niger will be published thenThe other set of accounts mentioned in previous RNS wont be issued until late Q2 / early Q3I did not speak to here but Sally does still work for Savannah - ha ha haLet's see what the RNS says but I suspect it will simply give us a new date in a few weeks timeGLA

[fft] 16/5/2024 09:03

RR, thanks. Previously I had just clicked on the "+" button and that does NOT include SS. Wonder which one is right.....

[rockyride] 16/5/2024 08:12

ClickOur Operations thenRead More (you will see SS on a map with highlighted in dark grey which is planned operations)Click on the Map of SS but when you Read More there, SAVE have attached the wrong RNSClearly not been proof tested and not very impressive

[fft] 16/5/2024 07:38

hTTPs://www.savannah-energy.com/Don't see any mention of South Sudan or Chad in operations. Where did you see that ?

[bushman1] 16/5/2024 07:31

Post on other bb. Of interest. South Sudan showing on updated SAVE website ~ ' planned operations '. Unable to c & p.

[nigoil] 14/5/2024 13:10

How's your 2.3p PPP shares doing purple11?......LOL

Simples!........;-)

[purple11] 14/5/2024 11:53

ooo

....rolls over and lets out a little gas.

[che7win] 14/5/2024 06:40

Thanks 1MadMarky

[1madmarky] 14/5/2024 05:35

Che7win- this court action was purely related to savannah trying to freeze the assets of cotco. Next year is a decision wrt the illegal nationalising of our assets in Chad. That one we should win as savannah had enough time to check check and double check the legality of the chad purchase before pulling the trigger.