A bit of a fluff piece, but does suggest that the oil is flowing. |
Cordwainer I've also got some shares in my SIPP (iWeb), fortunately I can hold US stock. If you're worried transfer to a new provider, do an 'In Specie' transfer. Depends on how much you could potentially loose against the cost and nausea of transferring. Hope this helps. |
Hopefully ours will be more straightforward |
Production average 22,700 boepd for 10 months. 23,100 boepd 12 months.Implying Nov and Dec production was 25.1kboepd |
As I'm holding this in a Fidelity SIPP I'm fearful of a relisting on NYSE, making me a forced seller at the wrong price. |
Also, our net debt does include the Chad acquisition. So that's $200 million odd. So, our net debt is really not that bad. |
End October 2024 v End Dec 2024 update.
Production average 22,700 boepd for 10 months. 23,100 boepd 12 months.
Total Income $320.3m 10 months. $393.6m 12 months. (Means $73.3m invoiced last 2 months).
Cash Balance $53.4m end October to $32.6m end of December.
Cash Collection end of October $239.8m with an additiional $8.7m collected by end of December to $248.5m.
Net debt end of October 2024 $568.7m with $80.5m due in = $488.2m.
Net debt end of December 2024 $634m with $145.1m due in = $488.9m = an increase of underlying net debt of $0.7m since the previous update and net debt of $473.7m end of Dec 2023. |
If I was being obtuse, I'd summarise and say our cash has dropped 70 million and our debt has gone up 140 million. Our total income has increased by apx 100million.Production down by close to 2.5%. |
Che7win "No real growth in revenues" hence the obsession with getting something out of SS. If Chad had not gone sideways that would have been significant growth. Ho hum, roll on March |
Statement is steady and inline, but so frustrating to be in the dark on acquisition, having waited this long.No real growth in revenues |
Pretty sure the net debt increase is due to other income having slipped into the next period and the FX losses.
So, hopefully the Chad compensation will move us to a zero net debt situation. |
These tw@ts are bang out of order. I've never known a share be suspended for over two years in my life. |
Some more SS oil info |
South sudan might actually be making progress on oil exports |
Well the Naira is pretty much where it was at the end of June so..... we better not have significant FX losses for the 6 months to Dec. |
 Blah blah blah - even the stock market isn't interested in looking and replying as to why the company remain suspended based on a conversation and no signed SPA etc. This company is bullet proof and AK will simply continue to do as he feels with absolutely nobody holding him to account IMHO. It's ever likely he has always said he has no plans to move the company to the main market where he would face correct scrutiny and have to abide by proper regulation!Thank you for your email, copied below, regarding Savannah Energy plc (the "Company"). AIM Regulation considers all enquiries as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies ("AIM Rules") and for Nominated Advisers ("Nomad Rules"), and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation, and that of other regulators and competent authorities, can be found at the following: AIM Regulatory Landscape. We understand you are concerned with the length of time that the Company's securities have been suspended from trading on AIM. You will appreciate that, for reasons of confidentiality, we are unable to comment on Company specific enquiries. We understand that this may be frustrating but our approach to confidentiality, which is similar to that of other regulators, is designed to protect the integrity of our work. As you will note from the Company's notifications its suspension is due to the fact it has been pursuing for a significant period of time, a transformational transaction which will represent a reverse takeover and in respect of which an admission document will need to be published in order for the Company to seek restoration to trading on AIM. If you have not done so already, you may wish to refer to the Company's notification on 20 December 2024 (available here) that confirmed the Company expects to provide a further update by the end of February 2025. Further, we would refer you to the "What happens to my shares if the AIM company has been suspended?" section of our AIM Regulatory Landscape FAQ's (available here), which provides relevant information on suspensions of an AIM companies securities from trading. Kind regards AIM REGULATION |
Merry Christmas to all patient and frustrated holders!
Maybe just maybe will see some light and the end of the tunnel in 2025!
Here's hoping :) |
Happy Christmas all SAVE ers. |
If Save was overseen by the Church of England instead of AIM, I'm pretty sure that MSM would have been all over the case by now. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
