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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Savannah Energy Plc | LSE:SAVE | London | Ordinary Share | GB00BP41S218 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 26.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 212.5M | -60.87M | -0.0466 | -5.63 | 342.85M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/5/2024 15:27 | More details wrt the Abu Dhabi deal. | 1madmarky | |
06/5/2024 14:21 | South Sudan dismisses allegation of shady oil deal with UAE The alleged agreement, negotiated on the sidelines of the COP28 climate change summit in December, would see the Hamad Bin Khalifa Department of Projects (HBK DOP) lend South Sudan the money in exchange for discounted oil supplies over two decades. May 3, 2024 UBA – South Sudan has dismissed accusations of an opaque oil-for-cash deal with the UAE, calling them “unfounded&rdq The alleged agreement, negotiated on the sidelines of the COP28 climate change summit in December, would see the Hamad Bin Khalifa Department of Projects (HBK DOP) lend South Sudan the money in exchange for discounted oil supplies over two decades. This is according to a copy of the term sheet seen by Sudans Post and an unpublished U.N. report. Speaking to reporters following a weekly cabinet meeting in Juba on Friday, deputy information and communication minister Jacob Mijok Korok dismissed the reports as “social media allegations” that don’t require comment. “There is nothing credible about $13 billion or whatever this figure is. It’s circulating on social media,” Korok told reporters after the meeting shared by President Salva Kiir Mayardit. The term sheet, however, states that the agreement was signed on Dec. 28 by former finance minister Bak Barnaba and HBK DOP chairman Hamad Bin Khalifa Al Nahyan. It remains unclear if the initial $5.24 billion tranche of the loan has been received. Bloomberg reported that under the deal, South Sudan would receive $10 less per barrel of oil compared to the international benchmark. The U.N. document cited by Bloomberg states that 70% of the loan would be directed towards infrastructure projects in South Sudan. HBK DOP has previously been involved in a halted bid to buy a stake in Beitar Jerusalem Football Club due to concerns over Sheikh Khalifa’s finances. Should be noted that Pres Kiir fired the above finance minister in March. "President Salva Kiir fired Barnaba Bak Chol in March after a surge in consumer prices, a decline in the local currency’s value, and a shortage of supplies." | zengas | |
04/5/2024 04:38 | This is the thing we just have no idea not even verbal approval. I think I`m just targeting end of year to mentally deal with it. lol :) RR I hope so :) | upwego | |
02/5/2024 13:29 | Uwg- return to trading... some time in July... possibly ( deliberately not committing to a year) | 1madmarky | |
02/5/2024 08:41 | Excellent new posts on the other board to read through. | bushman1 | |
02/5/2024 08:01 | Uwg - I dont think there is no deal signing slot at the SS O&G conference at the end of June but even so, surely the SS Gov have to send some sort of signal that they are serious about investment in hydrocarbons in their country. Maybe a strong message could be sign off of our deal prior to or at the conference. Or maybe they have big plans to announce something with Wildcat PMSL. | rockyride | |
02/5/2024 06:32 | how much does anyone want to bet me will be another rns this month to say extension for another 6 weeks as we work on various work streams and government approval. I reckon another 6 months to be honest government approval takes along time if at all.I think we have more chance of dinosaurs re - evolving ha ha :) | upwego | |
30/4/2024 21:40 | Not sure at this time what the new oil & gas ltd company is for. Further acquisitions or perhaps some movement on S.Sudan ?? The Sipec acquisition last month is by the subsiduary Savannah Energy SC Ltd. "The SIPC SPA will see Savannah Energy SC Limited (a wholly owned subsidiary of Savannah) acquire a 75% equity interest in SIPEC for cash consideration of US$52 million, payable on completion and subject to customary adjustments for a transaction of this nature from 1 September 2023. The Jagal SPA will see Savannah Energy SC Limited acquire a 25% equity interest in SIPEC." | zengas | |
30/4/2024 20:57 | New Company - Savannah Energy Oil & Gas Ltd incorporated at Companies house on the 25th April 2024. Major shareholders on the company website updated yesterday. | zengas | |
29/4/2024 18:54 | Jees. The opportunities for corruption have just gone off the scale. | divmad | |
29/4/2024 06:44 | Zoom webinar 30.06.23(With Thanks to Atrust from the other thread)https://youtu | affc21 | |
28/4/2024 18:38 | Also, if SS have agreed a $10 hair cut on their crude to UAE. Would it be on just their share or would all partners taking a hair cut? | 1madmarky | |
28/4/2024 15:49 | Reading the various articles on this loan deal. UAE are supportive of the RSF as opposed to the SAF. that might help keep the oil pipelines running. | 1madmarky | |
28/4/2024 14:35 | When did a government - let alone that of South Sudan (!!) - ever run anything well? There’s no chance they’ll want to displace foreign private expertise if they ever want to increase oil production. | tim000 | |
28/4/2024 14:14 | The SS Government announced a plan in 2020 to have state-owned Nile Petroleum take over some of the nation’s most prolific oil blocks when their operators’ contracts expired in 2027. However, a u-turn in late 2023 saw the Government change its priorities, to a focus on reversing a decline in oil output, for which they publicly conceded they needed the continued expertise of the existing operators and partners. However, the operators and partners were unwilling to make the investment required to materially increase production, without a long extension to the oil field contracts - this was granted late in 2023. Earlier this year the new Energy Minister re-stated, that it would take many years before the NOC would be in a position, if at all, to put in place the set-up and operational expertise to operate one of its own major oil fields, since it had made little progress in thus regard under his predecessor, and it was no longer a high priority. So, no, I think it's more likely the SS Government will be far too busy spending its new mega loan on other things than oil field assets to run itself. AIMHO/DYOR | mount teide | |
28/4/2024 14:09 | That is a risk of course, however as this supposive deal was in the making for the last 4 months. I would have thought there would have been comment from the SS government spelling out its intent. Just like last time. | 1madmarky | |
28/4/2024 14:08 | I would also think that having UAE support would make them think about keeping everything in house. But, the UAE may insist on skilled experienced people being in charge of development and production. Which may also not be good for SAVE.... | fft | |
28/4/2024 13:22 | Are we assuming that this is good for SAVE? Or does this mean that with this financial support the SS Government will be more inclined to re-nationlize the Petronas assets? | gisjob2 | |
28/4/2024 12:57 | Well Hamad Bin Khalifa Al Nahyan, certainly likes to take risks. A discount of $10 per barrel (vs benchmark crude) for oil produced. Noting the current situation wrt export capability, this Seems a risky proposition to me. Assuming it's not more BS from the SS government, it would certainly motivate exploration and development which would be good for us. A case of wait and see me thinks 🤔 | 1madmarky | |
28/4/2024 11:09 | With $13bn soon to be burning a big hole in the South Sudan Government's 'Treasury', Ferrari and Porsche dealers and, upmarket mansion builders across the country, will be rubbing their hands at the news of a huge oil revenue loan deal signed with a Middle Eastern company run by a relative of the Abu Dhabi ruling family, worth nearly double the annual GDP of South Sudan. This 'kings ransom' could well likely prove the trigger for the Government to give SAVE/PETRONAS Approval for their oil asset deal - as the 'loose change' shakedown potential of the SAVE/PET deal pales into insignificance by comparison. UAE company agreed to loan $13B to South Sudan in exchange for oil - Almonitor 27 April 2024 A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country. | mount teide | |
25/4/2024 16:09 | The can sell at 10p Accugas is worth more than that :) | upwego | |
23/4/2024 20:48 | The shares were supposedly changing hands at 28.5p the other week. Either fat fingers or someone on the wind-up. Trade was reversed anyway. | 1madmarky | |
23/4/2024 18:28 | Anyone called the company? Any idea what’s going on? Who’s selling at 10p? Know something that we don’t? | tiers |
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