Savannah Petroleum Share Discussion Threads

[alamaison5] 16/9/2018 10:52

1) update on Nigeria closure: LEK waited 4 years for OPL10. Just for 17% of AFR assets. And still waiting for the other 22%...
2) Sokor discoveries are miles away from this drill. I personally expect a duster.
3) R4 has plenty of leads but NO discoveries...
Also the RNS is vague as where they're drilling.
- on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger- What portion? They do not share any land...
So I would expect south. But South is dry.
hxxps://www.savannah-petroleum.com/en/niger
4) All 3 strikes created no or very little interests. Ask yourself an honest question. WHY?
I was holding shares in each one of them. The most I've made was 5%, lol
Commercial or not commercial?
This is the question.
I like Savp, a lot. But until we know, we don't.

[zengas] 16/9/2018 10:34

I've never understood the report about bringing in partners to the 2 Nigerian oil fields ie quote from the translation - "This is intended to lead to a partnership through which the CGSB will buy back shares in Savannah's R1 / R2 and R3 / R4 license areas in Niger and eventually in the Uquo and Stubb Creek fields in Nigeria". I think that might or could be the reference to the strategic partnership which was ongoing with ASMA? Maybe the proposed strategic partnership has shifted in favour of a large oil company such as the chinese or indians taking a stake?

As for Sinopec, they already have 49% of Stubb Creek. Universal holds the 51% that we are buying. That's why im wondering if the other 3 oilfields/OMLs that i previously mentioned where Universal had an interest (but not part of the transaction) might be in some sort of deal. It required about $200m if a deal could be agreed, so who knows maybe there could be some deal/asset swap with the chinese or others to allow them into Niger which at the same time would also boost SAVPs production and reserves from additional Nigerian fields ?.

All speculation for now but 2 Chinese and an Indian oil Company mentioned and no doubt a lot going on behind the scenes.

[thelung] 16/9/2018 10:03

06:10 Well testing and completion will be carried out in a way that allows for immediate production (no need to return with extra kit)

07:00 There's between 5-7k bopd spare capacity at the refinery which they'll fulfil in phases

07:50 Zomo-1 is a very strong prospect and there is additional upside on Amgigh (currently estimated at 22m net pay and referred to in the press as Niger's best discovery)

08:45 there'll be an update on Nigeria closure sooner rather than later which will provide people with a lot of comfort

[mount teide] 16/9/2018 09:40

The nickel and dime short term traders rarely fail to bring a little entertainment to ADVFN's boards with their high quality 'research'.

No wonder 96% of them lose money over the longer term according to industry research.

[thelung] 16/9/2018 09:28

A bientot

Enjoy Costa Rica

[alamaison5] 16/9/2018 09:16

On my way. I'll be back in 2020...

[bushman1] 16/9/2018 08:40

Ask Sinopec and ONGC .....

[alamaison5] 16/9/2018 08:35

Lol, selling what?
Untested wells? A pending license?

[bushman1] 16/9/2018 02:41

TL. In April 2018 SAVP - AK said they would sell up to 50 % of the Niger assets. With 4 successful wells now, what price would you put on this ?We don't know whether it would be R1 and R2. or. R3 and R4 or a combination of a percentage of each, however, as an approximate estimate. Then introduce Sinopec and ONGC....

[thelung] 15/9/2018 10:12

Morning 😂

[alamaison5] 15/9/2018 10:10

Lungcancer: re:
So? 2k or 6k? Make up your mind...
Stand correct of what?
I bought cheap, sold, made money. Simple.
Dusters come quicker than strikes.
Remember?
Anyway, as far as I am concerned, SAVP did find oil. We know.
Is it commercial? We don't know.
SAVP deal could be days or months away.
Dans le doute abstinents toi...
I now hold 81,000+ of LEK. Next week CPR should create a bit of interest, lol.
We also expect a confirmation of licence transfer. Opl310.
A farmout, increase in bopd, appraisal rig etc...
You welcome to have a laugh if I fail :-).
Regardless LEK will at least triple in value in less than 12 month.

[thelung] 15/9/2018 00:53

I stand corrected!

alamaison5 6 Sep '18 - 15:20 - 5378 of 5405

SAVP: Massive pressure on the up side, I have now £6k @ 26.3p

alamaison5 7 Sep '18 - 10:48 - 5384 of 5405

Sold SAVP on the rise. No news on drilling is weird... Also, the seller(s) still at it

[thelung] 15/9/2018 00:39

Present in Niger since 2014 following the acquisition of its first license (R1 / R2) from Agadem, Savannah Petroleum, which began its drilling campaign this year, can boast of having already made four discoveries over four attempts. . One hundred percent success that has not failed to salute the specialists of the sector on the international level. The Amdigh field in particular is the culmination of this success because it is considered one of the greatest discoveries ever made in Niger. It is therefore not surprising that these successive discoveries fuel the lust of certain "majors".
The other operator in the Agadem Rift Basin is China National Petroleum Corporation, which has discovered more than 1.50 billion barrels of oil in Niger.
The attractiveness of the British company was strengthened after the signing with the Nigerian state, on August 8, 2018, of a treaty allowing it to start the production of oil at the end of 2018, first at the Zinder refinery. and then from 2021 with the next Kaduna refinery, in accordance with the agreement signed between Nigeria and Niger through Presidents Muhammadu Buhari and Issoufou Mahamadou.
This progress has revived the greed of the largest Indian oil company, one of the largest in the world, ONGC (Oïl and Natural Gas Corporation). Moreover, some well-introduced sources said that discussions to create a partnership between the two companies have already been revived.
The interest of the Indian company is not surprising considering the geological similarities with those of the Cambay Basin in India and various basins of Southern Sudan where ONGC is involved. This is intended to lead to a partnership through which the CGSB will buy back shares in Savannah's R1 / R2 and R3 / R4 license areas in Niger and eventually in the Uquo and Stubb Creek fields in Nigeria. A series of meetings in Niamey, London and Delhi is planned for the end of September 2018. Savannah and CGSB have already had discussions that reached an advanced stage last year, through several meetings often attended by representatives. of the Ministry of Petroleum of Niger, both in Niamey and in Delhi.
While the Indian trail is tightening, the Chinese are also displaying their claims more and more. Indeed, on the sidelines of the China-Africa forum held on September 3 and 4 in Beijing, meetings were held between officials of the Ministry of Petroleum of Niger, the Chinese oil company Zhenhua and Seniors of the management of Savannah Petroleum Niger . At the center of the exchanges, the prospect for the Chinese company to participate in the management of blocks R1 / R2 and R3 / R4.
Eager to establish an even greater presence in the current Nigerian oil and gas industry, Beijing also wants to use SINOPEC, in addition to CNPC has been present since 2008 with more than 6 billion US dollars of investment. These meetings aim to pave the way for a possible agreement to finance 10 boreholes by Zhenua valued at US $ 75 million
SINOPEC wants to take a stake in the four discoveries already made, but the British junior seems not to be interested because it aims to develop them herself by the end of the year.
How will this felted battle between Chinese and Indian for the control of Savannah Petroleum evolve? The coming months will build us more on the outcome of this struggle for this British Junior who has become more attractive on the international market.

[bushman1] 15/9/2018 00:34

The Lung, can you post in English translation please ? Many thanks.

[thelung] 14/9/2018 23:50

Le champ d'Amdigh en particulier constitue le point d'orgue de ce succès, car il est considéré comme l'une des plus grandes découvertes jamais réalisé;es au Niger

AK recently said they'll be returning to Amdigh for reasons other than just testing

[thelung] 14/9/2018 23:34

Zomo spudded 8th Sept and given performance of the previous 4 drills (Eridal reached TD in 14 days and all ops were completed after 23 days), TD should be reached by end of month which should tie in with update on EPS plans and 7 deal closure like you said bushman.

A la, you'll never see 20p for your £2k 'tranche' 😁

[bushman1] 14/9/2018 22:22

Zomo 1 spudded on 10th September. TD is estimated after 30/35 days. 10 th - 15th October. Hence we could see 7E sign off + Niger commitment + Zomo 1 result within the space of two weeks at / from end September.

[divmad] 14/9/2018 21:33

You expressed it better than me, bushman.

[bushman1] 14/9/2018 21:26

48 % or 49 % Chinese investment as of several years ago ( from memory only, please DYOR )

[bushman1] 14/9/2018 21:24

Divmad, yes, agreed, but wasn't the reason due to Niger govt not allowing a larger share of the countries GDP to be apportioned to Chinese investment, 51 % , hence allowing the opportunity for SAVP to buy the licences at that time ? If the GDP figure has increased overall for Niger these past few years, then perhaps proportionately, further Chinese investment is therefore now feasible ?

[divmad] 14/9/2018 20:59

I can't see a tie-up with a Chinese state outfit. After all, SAVP was granted the ARB licenses by reason of legally enforced CNPC's relinquishment of 100% ownership of said prospects by the Niger government. I am assuming they didn't want, and still don't want, Chinese state-sponsored entities to be their only O&G partner as the importance of the sector grows over time.

[bushman1] 14/9/2018 20:11

During the recess, there always were High Court judges in situ back to full strength as of last Monday.

[bushman1] 14/9/2018 19:24

Andrew Knott would beg to differ as I'm sure so would the rest of the board ..

[alamaison5] 14/9/2018 18:51

bush: before that mate! I guess before the end of next week.
Also, no news on 7 deal before a while. Nigerian judges only coming back to work on Monday after long summer holiday.
Nothing has been booked yet for the court hearing. This is Nigeria...
It could take another 6 month... No kidding...
I will start buying in tranches from end of month.
At 20p...

[bushman1] 14/9/2018 16:27

Look at the estimated timings. 7E deal should be signed by end Sept. possible Niger commitment from Indian, Nigerian or Chinese major by end Sept approx, as well. Drilling result of 5th well in Niger est. by 10 th October.