Savannah Petroleum Share Discussion Threads

[honestmarty] 30/7/2018 16:05

Down again!

And on the day they confirm a 4th well being spudded.

Even the idiot child, Malcy now admits that completing the RTO has clearly run into a ditch.

I understand most of Nigeria has stopped writing begging letters, and started shorting SAVP shares.

But what do I know....

Gingernuts you plonker!

[orvis] 30/7/2018 10:38

Should be some news soon.....from the update at the beginning of July:

"Good progress continues to be made in relation to the satisfaction of the relevant conditions precedent ahead of the completion of the Transaction, including, inter alia, Ministerial Consent. It is currently anticipated that the Implementation Agreement, which documents the final legal terms and steps which will be taken to effect the Transaction, will be executed by the interested parties by the end of July 2018. Savannah continues to progress the relevant documentation with all relevant stakeholders to achieve this objective. The Transaction is now expected to complete in the third quarter of 2018, and will be followed in due course by the publication of a Supplemental Admission Document."

[ifthecapfits] 30/7/2018 09:57

"Comfortably ahead of schedule" = less cost - which helps.

[thomasthetank1] 30/7/2018 09:33

Mirabaud note on this morning's SAVP announcement.

Savannah Petroleum (SAVP LN) has announced the spudding of its fourth well in the Agadem Basin, onshore Niger. This latest well is targeting the Eridal-1 prospect, and is situated between Savannah’s previous two discoveries Amdigh and Kunama in the R3 East region. As with the previous wells, Savannah has budgeted 30-35 days for drilling, however it will undoubtedly hope to continue its success in completing the wells comfortably ahead of schedule.

[ifthecapfits] 30/7/2018 08:47

Eridal-1 spud - not the news we all hope for! But nice none the less - more oil hopefully.

[rampair] 28/7/2018 11:53

Thanks Bushman, it’s tough keeping up with all these news feeds!,

[bushman1] 26/7/2018 14:21

Divmad and Rampair, the SAVP tweets yesterday and today very good reading.

[rampair] 26/7/2018 11:51

I added an extra 25000 and it moved the blooming price lol!
Happy to buy on these dips - never imagine that we could get these prices
especially with talk of a pipeline from Niger.

[divmad] 26/7/2018 11:49

Malcy blog update, AK interview, ARB/Nigeria infrastructure news, 3/3 wells drilled successfully, and another 3% II added. But zilch on the share price

What am I missing? Why the complete indifference of the market?

[nen2319] 26/7/2018 11:22

I see the trade on LSE site but shown in black and neither shown as a buy or sell. It’s not even listed on Hargreaves as a trade so very strange?..

[ifthecapfits] 26/7/2018 10:33

Trade yesterday.

[nen2319] 26/7/2018 10:26

1m what? Where?

[ifthecapfits] 25/7/2018 16:26

Oh er - whats that 1M?

[itsriskythat] 25/7/2018 15:52

A Knottism that says it all and says nothing at the same time.

[ifthecapfits] 25/7/2018 15:45

Malcy's view FWIW:

A most important MOU was signed yesterday between Niger and Nigeria in relation to development of the Agadem Rift Basin and its exports of crude oil. Oil Ministers from both countries signed the Memorandum watched on by their Presidents and of course representatives of both CNPC and SAVP. The deal envisages a pipeline from the ARB to a refinery at Katsima State in Northern Nigeria which will provide ‘one of the potential routes’ to market for discoveries so far and in the future.
For SAVP this is all excellent news, indeed as CEO Andrew Knott said ‘it compliments plans to initiate an early production system for the R3 East area of the ARB and hope that it will enable early monetisation of our recent discoveries’.
This deal should be considered a massive boost for SAVP in a number of ways, firstly it provides the answer to the first of two major export solutions and make no mistake, CNPC can and will deliver this project. Secondly it ticks all the boxes with regard to stranded hydrocarbons, there can be little, if any doubt that these significant discoveries will now come to market and in a short period of time. Finally, it answers the doubters big time in terms of Savannah’s ability to firstly find and then sell substantial amounts of oil, these early finds only scratch the surface of the opportunities in Niger.
Andrew Knott’s vision that I first saw on the wall of his office many years ago is is fast becoming a reality, the fact that the shares actually fell following this news is to be frank, ludicrous they offer an exceptional opportunity that should not be missed.

[haideralifool] 25/7/2018 14:12

"closing the acquisition in Nigeria sooner rather than later" AK.

[thomasthetank1] 25/7/2018 13:56

Vox Markets podcast with Andrew Knott, CEO of Savannah Petroleum. Link below.

hxxps://www.voxmarkets.co.uk/blogs/savannah-petroleum-savp-chris-bailey-itv-itv-vodafone-vod-indivior-indv/

[thomasthetank1] 25/7/2018 08:32

Mirabaud note out today

Savannah Petroleum (SAVP LN) has confirmed that it attended yesterday the signing of an MoU between Niger and Nigeria for the construction of a new export pipeline to service the Agadem Rift Basin (which includes Savannah’s R1/R2 and R3/R4 permits), as well as a dedicated refinery in Katsina State, northern Nigeria. The MoU was witnessed by Presidents Issoufou of Niger and Buhari of Nigeria, with CNPC delegates also present at the signing, indicating the high level of support for the project from both governments and industry participants. The pipeline is reportedly being designed to handle in the region of 110 kbopd, and could be operational in as little as two years, with the Steering and Technical Committees already inaugurated, and CNPC no stranger to the construction of international pipelines. In our opinion, yesterday’s news addresses one of the key hurdles which have hampered development of the basin hitherto. It clearly demonstrates that momentum is building around the full scale development of the basin, and, with Savannah recently recording its third discovery (out of three), could not be more timely.

[ifthecapfits] 24/7/2018 16:41

Look at all those 'A' trades kick in on that RNS - might have a good day tomorrow....does feel that its all about to happen.

[ifthecapfits] 24/7/2018 16:36

Nice - but not the RNS I was hoping for.

[gray1107] 24/7/2018 16:30

RNS Number : 6317V
Savannah Petroleum PLC
24 July 2018


24 July 2018

Savannah Petroleum PLC

("Savannah" or "the Company")



Signature of Memorandum of Understanding Between Niger and Nigeria

Development of Agadem Rift Basin crude oil export solution



Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to note the signature earlier today of a Memorandum of Understanding (the "MOU") between the Governments of the Republic of Niger and the Federal Republic of Nigeria in relation to the export of crude oil from the Agadem Rift Basin ("ARB") of South East Niger to Nigeria (the "Niger-Nigeria Export Project").



The MOU was signed by the Minister of Petroleum of Niger, Mr. Foumakoye Gado, and the Minister of State for Petroleum Resources of Nigeria, Dr. Emmanuel Ibe Kachikwu, and witnessed by President Mahamadou Issoufou of Niger and President Muhammadu Buhari of Nigeria. Savannah, China National Petroleum Corporation ("CNPC") and various other project stakeholders and dignitaries were also in attendance.



The MOU envisages the construction of an export pipeline from the ARB to a refinery in Katsina State, Northern Nigeria. The Steering and Technical Committees in relation to the project were also inaugurated at today's ceremony.



The MOU follows the upstream approval granted by the Republic of Niger to CNPC earlier this year in relation to the Agadem PSC Exclusive Exploitation Area 3, the entire production from which is expected to be exported from Niger using newbuild infrastructure to Northern Nigeria or though export terminals in either Benin or Cameroon.



Andrew Knott, CEO of Savannah Petroleum, said:

"We expect the Niger-Nigeria Export Project to provide one of the potential routes to market for Savannah's existing and future discoveries in Niger. The degree of high level support for the project from both countries is clear, as is the significant positive economic impact it has the potential to deliver. We expect significant progress to be made over the course of the next six months.

This project compliments our plans to initiate an early production system for the R3 East area of our R3/R4 PSC in the ARB, which we hope will enable early monetisation of our recent discoveries."

[ifthecapfits] 24/7/2018 15:45

And there is the replacement.

[ifthecapfits] 24/7/2018 15:21

Coz they wanted an RNS released perhaps. Psychology at work to give the shares/their holding some publicity.

[nen2319] 24/7/2018 15:20

So basically TT have bought another 230k odd shares to bring their holding to a notifiable level. Wonder what the reasoning is behind that? Why would they spend a paltry £66k to tip them over the 3%?..

[nen2319] 24/7/2018 14:58

They will correct the RNS.