We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Savannah Energy Plc | SAVE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 26.25 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 26.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 21/12/2024 13:07 by porschefund Investors Chronicle articleSavannah Energy suspension goes on and on When should a listed company cease to be considered publicly traded? Savannah Energy (SAVE) has now passed two years of its shares being suspended, because of a South Sudan deal considered a reverse takeover. The original agreement with Petronas announced in December 2022 fell apart in August, but Savannah has been working on an alternative deal. In an update on Friday, the company said it had “signed an agreement with another energy company to discuss collaboration in relation to the potential alternative transaction”. Another update is expected in February. This is not a new situation for Savannah shareholders – another suspension lasted six months in 2021. But maintaining the situation because another deal might happen is just bizarre. |
Posted at 20/12/2024 14:45 by rockyride Sent to:- aimregulation AT lseg DOT com earlier today:-Hi - to whom it may concern. Savannah Energy (SAVE) is listed on AIM and regulated by Strand Hanson. In December 2022 they signed a SPA and suspended from trading as the deal was deemed to be a RTO. The SPA was cancelled some months ago but SAVE have continued to be suspended on the basis of what seems to be a very flaky basis. Shareholders have been given next to no information on how they can remain suspended and the NOMAD now refuse to have contact with private investors. After over 2 years of being suspended, I personally find this situation absolutely unacceptable and would kindly ask that you look in to this situation and get back to me ASAP? If you agree that SAVE are in the right to remain suspended, surely PI's should be given more information as to how this is allowed and what is going on. If you deem the current situation to be unacceptable, maybe you should be forcing the NOMAD and the company to resume trading forthwith. Kind regards |
Posted at 19/11/2024 21:24 by mount teide 'Anyone could have halved the share price'And that's before downward adjustment for 10 years of inflation. If I were an IPO institutional investor I would be far from happy with AK's performance over the last decade. So, it was great that many PI's were able to build exposure during the Pandemic single figure lows..... and take advantage of the opportunity to invest at a circa 80% discount to the average weighted price (39p) of all the II equity raises over the last 10 years! |
Posted at 04/11/2024 22:37 by zengas Pldazzle your guess is as good as mine and are they all or some of them ? On the Petronas asset deal, i can only wait to see what's presented for shareholder approval to make that decision whether i'd like it or not (if it gets that far).Niger - Only have the present regimes statement that contracts etc with investors will be honoured. Last valuation for the assets was $153m. I don't doubt that there is anti western sentiment but if you read up on the present situation the juntas in all 3 countries have lost major support and matters now seen worse under their rule after the initial and early support for throwing out western military etc. Chad - just wonder why you assess it at between 5-10p which would be $85m to $170m at current exc rates versus $1220m claimed. If as recognised the assets were ours - then we have to start with their valuation to us. The oil field assets were $245.4m. The pipeline $288.3m. Total $533.7m There was a 9 year baseline return at $60/b oil of an average $39.1m/yr = $351.9m. There was a 9 year baseline return from the pipeline of an average $37.4m/yr = $336.6m. That's from the relisting document presentation in 2022. Add all the above and you get $1222m - the same figure that SAVE is now claiming. We will need to see what or if the capitalistion rate is/used on the expected profits over a recognised timeline the company would have expected to make and/or the discounted future earnings method. I personally expect close to the individual valuations for the oil fields and pipeline interests as two seperate asset entities = $533m which would make up the bulk of the claim as how far down can it really be discounted if one thinks about it carefully. Rather than 9 - perhaps 2.25 years miminum of the expected baseline yearly returns or $172m. Maybe as high as $700m which would be significantly ahead (if awarded) of my hoped for 25-33% of the overall $1220m figure. That's how i arrive at it from the info available and trawling through many other claims online. I'd expect an interest rate award to be applied to hinder and penalise the longer it goes unpaid. Ways and means to recover it and there's always a potential sale as discussed before on here. With that looming, there's always a chance that it may not go the full distance given Chads acknowledgement and saves willingness to discuss with them. If anyone else wants to have a stab at the compensation case - by all means but those figures appear to match the 2022 presentation and i can't see how the pipeline and oil fields could be materially undervalued from those 2 individual asset figures. Yes i beleive the 9 year expected baseline return figures could be materially reduced but then we've also had oil at nearly $75-$80+ this past 2 years. We saw how Save turned a $1m investment into a $16m loan with $4m recovered at Fenikso/Lekoil so i would expect them to be equally determined to get maximum fair value for the damage it did to us in throwing us off course not to mention shareholder sentiment with PIs especially. |
Posted at 04/11/2024 13:56 by zengas Disputes run the length and breadth of Africa over the years as a whole MT. A massive pot ash mine in Morocco being the latest and Mali has had to compensate Endeavour mining last few months. It goes with Africa as a whole when investing there. Even Seplat Nigeria have had everything thrown at them over the years including trying to kick the CEO out of the country.Don't know what worse - the UK government anihilating investor returns on NS Cos on unfair taxes on windfalls that no longer exist. Banks, Energy, Oil Cos all fair game in short lived times of even modest plenty yet no allowance for times of loss in depressed markets. We'd call the Africans absolute charlatans if they did the same. I always think the same £1 here is as much at risk in this country when factoring in all the tax grabs throughout your entire life anyway that the govt is so keen to take at every opportunity. |
Posted at 04/11/2024 12:40 by zengas Re Wildcat MT - it might be a microcap but don't let that get in the way of what, whom or how in the background of it. The assets only came into Jubas hands just over 10 weeks ago with Petronas relinquishing them to it with compensation being sought from the Govt via future arbitration outcome. I don't doubt that Perenco might also be there looking back to the AI articles before or the UAE. That's why i still beleive SAVE are in talks on some kind of structured deal that either progresses to shareholder approval or fails long before that - otherwise there's absolutely no reason to remain suspended.I posted this on the WCAT bb at the time. Wcat aren't my cup of tea as an investment other than a trade at the time and have raised more meagre cash since. ' Savannah would be well aware of who their competitors are if any. As for WCAT. Might be laughable to some but look deeper Michael Kroupeev is an advisor to WCAT and i note he bought a very modest £50k investment over a year ago. He owns Waterford Investment. He turned Emerald Energy a serial under performer in Colombia oil by making a strategic investment and getting them involved in Syria which had similar discoveries across the border in Iraqi Kurdistan and not long before they had significant discoveries/producti 15-16 years ago I think he made £138m turning Emerald into a 25 or else 50 bagger from memory which was sold to Sinochem. (Emeralds Colombia assets were attacked/ burned down later). He didn't have the same luck however with Sterling Energy in Kurdistan which then lay stagnant for a number of years while Waterfordy exited and ex Tullow people and others turned it into Afentra. "The owner of Waterford, Mikhail Kroupeev will join WCAT as a strategic adviser to its Board of Directors and Waterford will also take a nominal equity stake in Wildcat*. The Waterford Group ("Waterford") was established in 1995 as an investment vehicle for Mr Michael Kroupeev. Waterford invests mainly in up-stream petroleum projects and since its inception, the fund has invested in over a dozen such projects, both public and private. In London, the company has invested in listed petroleum companies including Emerald Energy, Dana Petroleum, Anglo-Siberian, EuroSov Petroleum, Gulfsands Petroleum, Sterling Energy, Petroceltic and Sibir Energy. Wildcat will be able to draw upon Mr Kroupeev's extensive experience of managing listed oil companies as well as raising finance and negotiating significant petroleum sector deals. Wildcat will seek to leverage the extensive financial and petroleum network Mr Kroupeev has built up over the last 30 years, working with major investors, funds and major oil companies. Mandhir Singh, Chairman of Wildcat, commented: "The management of Wildcat is delighted to secure the backing of such a successful and experienced partner. The support provided by Waterford and Mr Kroupeev and their extensive networks will help to accelerate the process of Wildcat becoming a profitable, producing oil company with a high impact exploration division.This relationship will also allow Wildcat to tackle significant oil projects." It's this relationship i expect that people are missing about how WCAT could possibly be looking at these kind of opportunities no matter how incredible it may seem (It's not). I expect if a deal, any deal whether in Africa, Sudan or South Sudan could be financed as per Emerald Energy if anyone can remember that. While there's 2.8 billion shares in issue in WCAT, the m/cap is only £5m and it's the kind of relationship where Kroupeev could help inject significant financing/placing etc for WCAT as an investment for a similar if not risky high impact return such as Emerald? |
Posted at 02/11/2024 21:40 by kinkell Unfortunately what has been a brilliant board seems to be coming apart at the seams, quite unnecessarily.The thing is that there is no share price and cannot be until current negotiations are concluded and the same applies to assessing the underlying value of the business. So there is nothing of much sustance to debate, unless as Zen says, you want to rant... I think the sisparaging remarks about our CEO without any solid evidence are very disappointing. He has been described as dedicated and a workaholic seem more appropriate. Of course the delays are very disapointing but every o&g company I have followed have experienced similar. Securing Niger, reorganising the licences, delaying development until the pipeline was secured seems to me to place the asset in an ideal position for a farmout, which AK says he wants. Now we know farmouts are difficult to come by recently and take a very long time.If success comes this would be truly transformative and seems the best way forward in view of the size of the asset. The skill and success of the complex negotiations in Nigeria is a notable achievement. The same applies to the recent acquisition in Nigeria. The careful handling of the set back in Chad with minimal financial exposure but pivoted into a strong position for a significant court award is also notable. Meantime the company is building a very large renewable business which AK expects to earn 40% IRR. is superb in its own right and will in due course make the shares more appealing to Instis. So it seems to me there is much to be pleased about, not to mention staff development and admirable involvement in communities in which it invests. If you listen to the views of Charlie Munger, one of the most successful investors of our time, he lays great emphasis on patience. Lets mend fences and revert to the previous high standards of this board. |
Posted at 06/10/2024 16:08 by fft Why would they do that without being re-listed ? Seems odd to me. Especially if they adopt the give as little info as possible approach.Potential investors can't invest until relisted and so seems more like a look at me event for AK, and that sort of thing has ended in tears before. |
Posted at 18/9/2024 11:38 by zengas Savannah would be well aware of who their competitors are if any.As for WCAT. Might be laughable to some but look deeper Michael Kroupeev is an advisor to WCAT and i note he bought a very modest £50k investment over a year ago. He owns Waterford Investment. He turned Emerald Energy a serial under performer in Colombia oil by making a strategic investment and getting them involved in Syria which had similar discoveries across the border in Iraqi Kurdistan and not long before they had significant discoveries/producti 15-16 years ago I think he made £138m turning Emerald into a 25 or else 50 bagger from memory which was sold to Sinochem. (Emeralds Colombia assets were attacked/ burned down later). He didn't have the same luck however with Sterling Energy in Kurdistan which then lay stagnant for a number of years while Waterfordy exited and ex Tullow people and others turned it into Afentra. "The owner of Waterford, Mikhail Kroupeev will join WCAT as a strategic adviser to its Board of Directors and Waterford will also take a nominal equity stake in Wildcat*. The Waterford Group ("Waterford") was established in 1995 as an investment vehicle for Mr Michael Kroupeev. Waterford invests mainly in up-stream petroleum projects and since its inception, the fund has invested in over a dozen such projects, both public and private. In London, the company has invested in listed petroleum companies including Emerald Energy, Dana Petroleum, Anglo-Siberian, EuroSov Petroleum, Gulfsands Petroleum, Sterling Energy, Petroceltic and Sibir Energy. Wildcat will be able to draw upon Mr Kroupeev's extensive experience of managing listed oil companies as well as raising finance and negotiating significant petroleum sector deals. Wildcat will seek to leverage the extensive financial and petroleum network Mr Kroupeev has built up over the last 30 years, working with major investors, funds and major oil companies. Mandhir Singh, Chairman of Wildcat, commented: "The management of Wildcat is delighted to secure the backing of such a successful and experienced partner. The support provided by Waterford and Mr Kroupeev and their extensive networks will help to accelerate the process of Wildcat becoming a profitable, producing oil company with a high impact exploration division.This relationship will also allow Wildcat to tackle significant oil projects." It's this relationship i expect that people are missing about how WCAT could possibly be looking at these kind of opportunities no matter how incredible it may seem (It's not). I expect if a deal, any deal whether in Africa, Sudan or South Sudan could be financed as per Emerald Energy if anyone can remember that. While there's 2.8 billion shares in issue in WCAT, the m/cap is only £5m and it's the kind of relationship where Kroupeev could help inject significant financing/placing etc for WCAT as an investment for a similar if not risky high impact return such as Emerald? |
Posted at 03/8/2024 19:48 by tim000 OK, but who is going to be incentivised to invest in these assets if the government plays tricks with prospective investors? But that will encourage existing investors to exit. The likely end game that I foresee would be SS becoming entirely beholden to CNPC. African countries dependent on the Chinese does not end well for them. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
