Savannah Petroleum Share Discussion Threads

[dorset64] 11/4/2017 10:11

All going in the right direction but a tad surprised at the share price action today although, in the long game, todays share price is an opportunity, not a problem.

Nice write up from Malcy this morning, thanks for posting that paleje.

[paleje] 11/4/2017 08:35

Malcys comment this morning:-

Savannah Petroleum
SAVP has announced an update of its drilling campaign scheduled to start this quarter in Niger. Unsurprisingly they have opted to focus the initial three well drilling campaign on the R3 PSC which appears to be ideally located in the ‘sweet spot’ of the basin. With large discoveries both to the north and south and producing fields and infrastructure nearby this is ideal, as is the decision to keep this phase of the exploration programme within R3 in order to minimise expensive rig movements.

The R3 East seismic survey is still being evaluated and I understand more data will be released before long but they must be pleased with the initial indications on this block, declaring as they have that they ‘confirm the existence of multiple fault blocks’.

The company also announce that they are using the GW 215 rig instead of the GW 89 unit, this has to be good news, the new rig is ‘warm’ and coming off another contract and has an experienced crew which must help matters. In addition the camp construction has commenced and drilling is on target to commence in 1H of this year.

Savannah is strongly financed and has been supported by its blue chip shareholder base which includes CEO Andrew Knott with significant skin in the game. Now that things are starting to happen at SAVP I expect much more news from the company as they get closer to giving more news on seismic and of course when the drill bit turns. This ‘slow burner’ is about to get a whole lot more exciting, when a space in the bucket list appears it might just be the perfect time to be a ‘super-subR17;.

[maccamcd] 11/4/2017 07:41

The Sweet spot is something to look forward to! Very very high chances of success in oil speak. Didn't the Chinese have something close to an 80% hit rate?

[a2584728] 11/4/2017 07:22

There you go chaps. This should see them rise over the coming days

[nen2319] 09/4/2017 17:45

Once the raw data is received by SAVP it has to be interpreted by their own in house people then a comprehensive update will be issued. I expect that to be shortly!

[divmad] 09/4/2017 17:38

Fast track 3D seismic results were expected by the end of Q1 2017.

Do they necessarily have to be reported to the market, via an RNS, or kept within the company, pending a later RNS about drill locations, once the data has been analysed?

I assume that SAVP already has the data, and that the firming share price tells us something.

Tick tock...

[nen2319] 09/4/2017 16:54

Great finish considering the R3 seismic is a little late. Expecting a comprehensive update shortly!

[okuta] 08/4/2017 12:03

decent finish to the week /rgds

[timberwolf3] 01/4/2017 17:43

I should add that Dundee corporation owns 85% of the shares in United Hydrocarbons and have been looking for farmout partners on it's Chad licences, so far without success.

[timberwolf3] 01/4/2017 17:35

United Hydrocarbons are a private Canadian company, who are of interest as they are operating in the same basin as SAVP, but just across the border in Chad on what is known as the H block, lots of similarities to SAVP, link is to their website ;

[ch1rp] 29/3/2017 15:23

Well into the 40s tomorrow:)

[captain james t kirk] 29/3/2017 13:06

They are currently 39.4 to buy.

[mdumont] 29/3/2017 11:32

Very difficult to tell what's buys and sells.

[theblackbaron] 28/3/2017 12:40

looks like 3d is on its way by the end of the week

[simonparker5] 27/3/2017 09:10

By the end of the week, as per the recent RNS.
Also could have joint venture news very soon as well.

[theblackbaron] 27/3/2017 08:59

When is the 3D going to be rns ??????? with oip increases ??????

[captain james t kirk] 25/3/2017 12:48

In your previous post I note that you state there could be around a dozen ii's and significant shareholders below the 3% reporting threshold and I agree. The total SAVP institutional holdings could comfortably be in the 80% plus range.
I'm following SDX very closely. They disclose down to 1% and do themselves have 12 holders between 1% and 2.9%, including the likes of JP Morgan, Axa and Allianz Global.
I see the last shareholder update on the SAVP site was 22nd August 2016, so there might be another one posted shortly.

[zengas] 25/3/2017 10:41

My mistake captain and thanks for pointing that out.

I misread them as being duplicate holdings (CEO/Peleng) when they are not so this reduces the free float even further.

Now looks as follows -

Directors hold 10.18%, Standard Life 9.91%, Fidelity 9.69%, Capital GC Inc 8%, Legal & General 6.61%, Petro Ventures 6.24%, Henderson Global 4.95%, Aralia Capital 4.57% and Ludivine Capital 4.17%.

Above 9 holdings account for 64.32%.

Morgan Stanley were previously over 5% at 10.75m shares but no longer reportable as they fell below 3% when the 2nd placing happened diluting their percentage holding - so they could still be here (or not).

Also Fil Investments International had 7.437m which if still held is under a notifiable 3% interest due to the last placing causing percentage holding changes.
Fil Pension Management had a separate holding of 2.295m.

If those 3 holdings alone remain intact, that accounts for a further 20.5m shares or 7.5%.

Possible therefore that as little as 12 holdings account for just shy of 72%.

[captain james t kirk] 25/3/2017 08:08

zengas
Any reason you didn't include Aralia Capital 4.57% and Ludivine Capital 4.17% in your listing ?

[greatfull dead] 24/3/2017 17:24

On the fence here, only reason is no funds currently available.

GLA,
GD

[divmad] 24/3/2017 14:30

Just hoping the twitterati crowd don't discover this one.

[zengas] 24/3/2017 09:27

The 38p placing which was done when the actual share price had slipped to 23p, was oversubscribed and prior to that there was a limited free float. I think the fall at that time was due to small sales and little buying/liquidity during that period otherwise how could they get a massive $40m capital raise away at that price ?.

"This fund raise was oversubscribed and has been extremely well supported by both existing and new shareholders".

Now that a significant drilling campaign nears and also the possibility of a farm in, the free float may be as tight as before.

Directors hold 10.18%

Standard Life 9.91%, Fidelity 9.69%, Capital 8%, Legal & General 6.61%, Petro Ventures 6.24%, Henderson Global 4.95%.

All the above holdings represent 55.58% from the above 7 shareholders.

Those are just the main shareholders listed, so how many more institutions are under a notifiable interest ? Given the blue chip list above, it wouldn't surprise me to think there could be a dozen or more possibly holding an un-notifiable few per cent each and possibly a tightening supply of stock ?

edit - Morgan Stanley were previously over 5% at 10.75m shares but no longer reportable as they fell below 3% when the 2nd placing happened diluting their percentage holding - so they could still be here (or not).

Also Fil Investments International had 7.437m which if still held is under a notifiable 3% interest due to the last placing causing percentage holding changes.
Fil Pension Management had a separate holding of 2.295m.

If those 3 holdings alone remain intact, that accounts for a further 20.5m shares or 7.5% in relation to tight free float and my thinking on other significant but un-notifiable interests.

[dorset64] 24/3/2017 08:40

Tried to buy another modes amount this morning (only £2.5k) and straight to negotiated trades? Are we really in that short of supply here??

edit: Cant buy even £2k now....

[miti 1000] 23/3/2017 14:06

Nice to see the placing level breached...just bought another 50k.