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SAVE Savannah Energy Plc

26.25
0.00 (0.00%)
12 Jul 2024 - Closed
Delayed by 15 minutes
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 -0.0464 -5.66 344.45M
Savannah Energy Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker SAVE. The last closing price for Savannah Energy was 26.25p. Over the last year, Savannah Energy shares have traded in a share price range of 26.25p to 26.25p.

Savannah Energy currently has 1,312,194,545 shares in issue. The market capitalisation of Savannah Energy is £344.45 million. Savannah Energy has a price to earnings ratio (PE ratio) of -5.66.

Savannah Energy Share Discussion Threads

Showing 10601 to 10623 of 10625 messages
Chat Pages: 425  424  423  422  421  420  419  418  417  416  415  414  Older
DateSubjectAuthorDiscuss
12/7/2024
19:12
Perhaps they should diversify into to the politically safe and welcoming UK?
fireplace22
12/7/2024
18:46
Africa is riddled with corrupt leaders who sponge off naive supranational organisations who never learn. Eventually the whole of Africa will be under the Chinese sphere of influence totally. It's just a matter of time, of which the Chinese have plenty of experience. Save should know this by now but you wouldn't have guessed it.
divmad
12/7/2024
18:41
President Deby has postponed his planned visit to France on July 15th according to AI where he was due to meet Macron. Says it's a direct result of the French Prosecutors Office that launched an investigation in January of which Deby only learned of at the start of July. Investigation into misappropriation of public funds and concealment.

Also from

zengas
05/7/2024
13:54
Sounds like good news for SAVE
gisjob2
04/7/2024
18:27
If SAVE does acquire Calabar Generation Company Limited (the owners of the Calabar power station), SAVE’s balance sheet could be further enhanced by the possible write-off of Contract Liabilities of circa $365m. The majority of which (as the largest TOP customer) relates to Calabar IFRS 15 take or pay gas not taken. If the value of Contract Liabilities is not written off by both Calabar and SAVE it would seem likely that the figure would at least disappear on consolidation.
porschefund
04/7/2024
15:11
Z - great post and ties well into your strong posts that this is definitely not a sell on re-list, as there is simply too much going on - a lot of which should come to fruition in the next 18 months or so. I'll be amazed if we're not waving goodbye to a £1 at the end of next year.
rockyride
04/7/2024
15:02
Going back to TrustILies post on 27th June (LSE) re the set up of 3 new power companies and the possibility of buying Calabar power plant (or others) as not being that far fectched. I have a feeling something may in the bag here. It could be very interesting to our balance sheet.

From memory we were owed a very substantial amount of legacy debt that was parked up even pre Accugas acquisition accrued to SAVE.

One point struck me from that post - " there are a few teething problems such as the bid quotes and payment mode and other issues which are already being resolved".

I don't think it's far fetched at all given the companies are already formed by Savannah.

In tandem to the power plant sales, the government is paying down this legacy debt gradually which currently stands at about $1.3b to the sector.

From 6 weeks ago - "The payment for legacy debt is actually going to be made but from future royalties and exchange of incomes in the gas sub sector which is quite satisfactory to the gas supply companies."

"Furthermore, the Minister explained that the ministry has received presedential approval to proceed with payments, contingent upon the reconcilliation of outstanding debts bewteen the government and the power generating companies."



I see the government is going to pay some of the historical legacy debt in cash and the rest in a guaranteed debt instrument (surely if applicable, we can sell this debt instrument onwards ?).

The legacy debt and the current debts (current debts 3+ months) - from the same article above - "According to the minister, the President has endorsed the proposal which is to clear the outstanding debts owed to gas suppiers by the power sector. He explained that the payments would be divided into two categories: the legacy debts and the current debts".

zengas
28/6/2024
14:15
Sudan - Major repairs to export pipeline complete. Engineers currently unable to secure access to carry out the work to restart oil flows due to heavy fighting in the area around the refinery.


South Sudan unable to restart Dar Blend crude exports - Argus 26th June 2024

'South Sudan is unable to restart exports of its heavy sweet Dar Blend crude grade because of fighting around war-torn Sudan's Khartoum refinery, oil ministry undersecretary William Anyak Deng told Argus.

Problems along the Petrodar pipeline — which passes through the refinery — have prevented around 100,000 b/d of Dar Blend from reaching Sudan's Bashayer export terminal on the Red Sea since February.

Landlocked South Sudan is entirely reliant on Sudan to export its crude and depends on oil sales for more than 90pc of government revenues. Sudan has been enveloped in a bloody civil war since April 2023, pitting the army against the paramilitary Rapid Support Forces.

"The major repair work to the pipeline has been done, but we are not able to restart flows due to intense fighting around the Khartoum refinery," Deng said, adding that this was obstructing remaining work. He was unable to give a timeline for a restart.

South Sudan had been hoping to restart the pipeline earlier this month. Its closure has forced DPOC, the Chinese-led consortium that produces Dar Blend, to shut down output due to a lack of alternative export outlets.

Production of South Sudan's medium sweet Nile Blend crude grade has not been impacted, as it is transported to Bashayer through a different pipeline, which remains online.

Deng put Opec+ member South Sudan's current crude output — all of which is Nile Blend — at 60,000-65,000 b/d, compared with around 150,000 b/d before the closure of the Petrodar pipeline.

The restart of the pipeline and the viability of South Sudan's remaining exports are increasingly tied to the trajectory of Sudan's civil war. But efforts to end the fighting have so far failed.

Sudan's 100,000 b/d Khartoum refinery, which was partly supplied with crude by South Sudan, has been repeatedly bombed since the start of war and remains offline. Deng said South Sudan does not have a full assessment of the state of the refinery but understands that some of its crude and fuel tanks have been destroyed.

Sudan has crude production of its own, which is typically around 50,000 b/d and mostly feeds into the Nile Blend stream, but it too has been affected by the civil war. Argus assessed Sudan's crude output at 20,000 b/d in May.'

mount teide
28/6/2024
14:01
1MM - many thanks.
mount teide
28/6/2024
13:41
My rather poor notes from the AGM.
Please note these are just my notes and I may well have gotten the wrong end of the stick which is why it's important to go to AGMs, so that a consensus can be obtained. As such, read this post accordingly.

south sudan
Regulator wants the deal signed before relisting. Relisting September this year... hopefully. Reason it is taking sooo long is that South Sudan has this one big asset ( oil) and he ( the president) really doesn't want to screw up. So he is being extremely cautious.

WRT AI article- feel the publication should be taken with a pinch of salt. IMO there might be some degree of internal political agenda associated with it.


Niger

Previously the 5k per day, was due to percieved trucking constraints. Now that the pipeline is there it could be a higher number.... wip
Development first then additional exploration
Looking like we are still going the trucking route.??? I'm not sure on this... I may have got confused.
Wind farm US gov, world bank and us 33% 33% 33%. We retained 100 % of interest in project however.

Now that there is a pipeline, we have greater access to finance ( more options).
Not intending to bring in any other financials??? Think this was more a case of getting the asset to pay for its own development.

Niger- open for JVs - it's a huge field

Pipeline issues - expect it to eventually blow over. Sooner rather than later. As both countries massively benefit from it's operation. IMHO the local communities need to benefit more then perhaps there will be less issues. NB in Nigeria we are very much engaged with the local communities.

The tie in pipeline- 6 months to lay pipe - zap lock.

Need flow test first

Partner landscape- flow test-> pipeline-> Partner. There has been more interest in exploration in last 6 - 12 months. Oil majors doing it via proxy companies.

National oil company will most likely partner.

Chad
IMO - we have reached out. Not got anything back. Think this is just part of the process. We are showing that we are prepared to negotiate. Just more info for the ICC. So IMHO, ignore till Paris as nothing is going to happen.

Nigeria

Stubb creek will add gas to the Uquo gas field once it drops production. Entirely debt funded. Pay back 2 years. So IMHO we will not see capital expenditure on an additional gas pipeline for a while.

Uquo compression implications.
Pressure management mainly. Improving performance of the wells. Still on schedule.

More bolt on's in Nigeria, not going after big fish in this market place.

More assets coming to market than there are financially capable buyers.

Africa in general- more power assets available vs buyers. So plenty of other opportunities for Savannah.

Not a shortage of demand.

Green hydrogen- commercialisation issues, not a priority for the company.
Order of priority is…
Hydro and wind- then solar- then hydrogen- not investing money

Oil sales (stubb creak) - in dollars
Gas sales- true up mech covers our fx losses.

Transitional Facility- 2 parts. Existing banks convert to Naira, then move it into long dated paper ( pension funds and the such like ).
Assume conversion to Naira by end of year, should be completed. Then place bonds.

I think I made a tactical mistake talking to Steve rather than AK. So I hope others present were able to get more info out of him.

1madmarky
26/6/2024
10:21
Thanks Zen - Much appreciated
porschefund
25/6/2024
16:14
Porcshe

The note was dated 4/1/22 so doesn't seem to have made any allowances for any increase in revenue from new gas contracts that kicked in since then.

They have a net $570.7m for Accugas and $391m for the Stubb Creek and Uquo 2P = $961.7m as per my post (2929).

By comparrison to the CPR valuation it has $398m for the 2P reseves and $552.5m for Accugas NET to Save = $950.5m net .

There is only a difference between the broker note and the CPR by + $11.7m in favour of the broker note.

Seems to me that there is no valuation upside from that price of $60-$65/b oil used and no extra gas contracts that kicked off with increased supplys in mid 22.

Another thing i noticed in the broker note was that with the 22,500 bopd acquisition of Petronas/Exxon in Chad - we were to be net cash positive in 2025 barely 6-12 months from now and based $70/b in 2023, and $65/b in 2024.

The effective date of the Chad SPAs were 1/1/21 which were announced on 13/12/21.

So about 4 years to 2025 to be net cash positive (net debt free). Oil prices have also been substantially higher than forecast . With Chads action, that threw that forecast into disarray.

The S. Sudan SPA was announced on 12/12/22 and you would assume that this had been some time in the making and i would have thought the effective date would have been 1/1/22.

Provided it goes through, and If that's the case re the effective date then i would think this should leave us net cash positive (net debt free) in 2026 (1 year later than the FinnCap note) solely from the S.Sudan/Nigeria producing assets regardless of anything awarded re Chad.

Therefore any compensation from Chad could leave us sitting on a major cash pile.

So my tuppence worth is a few variations on where we are/could be

If South Sudan goes through - we should be net debt free in 2 years (regardless of Chad).

If South Sudan goes through and we gain up to a third of Chad compensation - we should be debt free and possibly have $300-$400m cash.

If South Sudan doesn't go through - we need Chad 25% compensation to leave us net debt free.

If neither S.Sudan or Chad work out - then we need about 3 more years combined with the Sipec Acquistion to leave us net debt free.

That's not taking into account say a sale or farm in for Niger re net debt reduction.

Not taking into account a further oil asset that does go through.

Not taking into account much greater Nigerian gas sales given our spare capacity.

zengas
25/6/2024
15:12
RR, great set of questions, thanks for iterating them. I'm looking forward to your feedback as to their answers. TIA.
chopsy
25/6/2024
14:31
Zen - In your post 2943 you refer to 3 TOP cases/Accugas as having a value determined by Finncap of $570.7. Do you have any background on how they calculated that figure and any thoughts by how much it may have increased by with the current customers.
porschefund
25/6/2024
09:24
Questions I've submitted for Fridays AGM:-Why has comms via RNS been so scarce over the last 18 months or so?Can Nick Beattie please explain the Naira situation in detail and in simple terms so that we have a chance of understanding what's going on?How confident are you that the CPF facility upgrade will be completed this year and do we have new oven-ready contracts to sign upon completion?Is the Stubb Creek completion still on track for Q3 2024?In view of the new disruptions in Niger are we still progressing and on track to complete a well-test program by the end of there year?Where are we at with the tie-in pipeline from our Agadem wells to the main pipeline?Do we have a new drilling program planned for Agadem and when may this begin?Back to the old chestnut, how advanced are your thoughts / negotiations in bringing in a partner in Niger and could CNPC be a possible option?Are we in negotiation with the chad Government re an out of court settlement and what % chance would you put on this happening?Is the current suspension preventing the "at least one more hydrocarbon deal being signed this year" being announced?How long would you consider, or AIM / NOMAD allow you continue the suspension before we have to come back to market? Surely the Government stand-off re explicit sign-off can't go on ad infinitum!In view of what's transpired with our proposed Chad, Cameroon and South Sudan deals, are you looking to de-risk future M&A deals?Andrew, we floated at 56p 10 years ago and the suspension price is 53% down from there. Should we resume trading less than 26.35p, will you be considering your position?
rockyride
23/6/2024
17:23
I intend to be at the AGM, I will stand out and will certainly not be wearing a suit... just like last year.
Hoping that a few others turn up.

1madmarky
21/6/2024
15:28
Hi allThe AGM is next Friday and would any of you like to pose any questions for AK? If you'd like to post them on here, I don't mind collating a master list and sending in on behalf of the 2 bulletin boards.
rockyride
20/6/2024
16:43
HG - if AK pulls SS off, I suspect most will forgive him. However, after the collapse of the Chad deals, if the SS deal collapses, he should show some accountability to the people that have been funding his huge salary and film star bonus scheme, while the stock has been suspended for most of the last 3-4 years.
mount teide
18/6/2024
07:33
Nice one RR or should that be Sunbed with the aspirations of owning a chip shop... Brilliant, lolI still can't get over that double act!!!
affc21
17/6/2024
18:40
HiNice to hear from you and glad all is good with you.Sorry not to see you at the AGM this year but we are planning to have a live webcast if you would like to view the proceedings and you may submit questions in advance if you wish. Please register on the AGM page of our corporate website (Link: https://www.savannah-energy.com/investors/shareholder-information/general-meeting/)You will be sent an access link a short while (approximately 30 minutes) before the AGM is due to commence.Andrew will be in attendance, but it may be via video link.Kind regards,Sally
rockyride
17/6/2024
14:44
How long can a share be suspended? This is getting ridiculous
sooty snipes
17/6/2024
07:18
‘ Buffy - if ss completes, I would imagine any other aquisition would probably not be bigger than the market cap, if the deal goes through if you know what I mean.’

Andrew Knott said that to me when the Seven deal was proposed!

AK reminds me of John Malkovich playing Pascal Sauvage in Johnny English. Hell, he even had a fragrance named after him. 😂

Buffy

buffythebuffoon
16/6/2024
16:51
So no reverse suspension.
chopsy
Chat Pages: 425  424  423  422  421  420  419  418  417  416  415  414  Older

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