Savannah Petroleum Share Discussion Threads

[mount teide] 27/10/2018 12:45

'Next week is make or break, it’s going to be volatile here (either way). '

LOL! Speak for yourself - sounds more like the language of someone talking from the persecutive of their short term trading position.

[divmad] 27/10/2018 12:32

It's not, "make or break". It's just, "meeting target on time, or another delay". But it WILL get done. I am a buyer on this weakness, and more so if there is a justifiable delay.

[seven7seven] 26/10/2018 21:29

Socor Trading is a wholly owned subsidiary of the Azerbaijani National Oil Company Socar....Savannah Petroleum have been targeting the Eocene Sokor Alternances in their drilling campaign 5/5 discoveries. Socor vs. Sokor what is the connection we will just have to wait and watch. No news the 7E RTO doesn't fill with confidence and we've drifted from the curve. Next week is make or break, it's going to be volatile here (either way). So hang yo your seats guys and girls. GLA and see you next week.

[rampair] 26/10/2018 19:38

SOCAR is gigantic! They are literally in the process of opening the Star refinery with Turkey (saving that country over $1bn) they have alliances with an enormous range of Major World Oil, Gas & Petrochemical entities. If we have any connection to this, we have an absolutely brilliant partner to forward the business in both Niger and Nigeria imo.
They also signed a co operation agreement with China’s major oil co (the one on the drill for us) plus SOCAR is installing the pipeline to supply Gas to Southern Europe!

It’s fair to state that they are a fairly good partner to have on board.
Twitter feed is here for those interested in Azeri matters that may make a material
Difference to our little oil company. I just hope it all goes smoothly and considering
the size of this operation we should not concern ourselves with tiny delays - they get things done. As usual, dyor - it’s interesting!

[rampair] 26/10/2018 17:46

Excellent, sometimes in this strange World of investment you can unearth some really useful bits of information. I personally have very little doubt that with investment
coming in via such influential routes it’s really not an issue as to the exact date this completes. We are talking about Government scale investment- not just a few HNW
buyers -

Obviously opinion rather than advice.

R.

[zengas] 26/10/2018 17:18

Tha AEI article the other day is more than very interesting given they named Socar Oil Trading as the $50m lender to Savp. The 2 brothers mentioned in the article have stakes in Savp. Socar Trading is a subsidiary of the Azeri state oil giant Socar.

Socar were looking to build an oil terminal in Cotonu Benin. Socar Trading have first call on Savps Niger oil and any other in Nigeria (other than Stubb Creek)

"....the Lender will be granted a right of first refusal for any of Savannah's oil trading activities for a period of five years in Nigeria (excluding those in relation to the Seven Assets) and in Niger (for any oil produced from the R3/R4 PSC and exported to an internationally recognised export terminal only)." So where will the internationally recognised export terminal be ?

Late 2016

Azerbaijan’s energy giant SOCAR may soon expand its activities in the West African countries.

The company reported that it may consider the possibility of constructing an oil terminal in Cotonou, the largest city and economic center of Benin.

The visit is expected to create perspectives for the supplies of Azerbaijani oil and oil production to the markets of West Africa, implementation of energy projects. Moreover, it will strengthen prestige of Azerbaijan and activate commercial operation of SOCAR in the region.

SOCAR expanded its presence in Africa in 2015 by buying a 20 percent stake in Benin's Octogone Stockage de Produits Petroliers that engaged in crude storage. The project became the first direct investment of the SOCAR in West Africa.

[zengas] 26/10/2018 17:16

Not posting it verbatim but the jist is -

Socar Trading is reported by AEI to be the Geneva based oil trading firm that is behind Savps $50m funding.

Socor Trading is a wholly owned subsidiary of the Azerbaijani National Oil Company Socar.

According to AEI Turab Musayev is an executive of Socar Trading and also a shareholder via his private equity firm Luzon Investments.

Turabs brother Taleh also holds shares in Savp via his firms Aralia Capital and Peleng Holding. His share has reportedly fallen from 9% to around 2.5% but what the AEI article does not say is if this was as a result of selling or if it was due to the subsequent increase in shares from first listing in 2014 to the most recent shares issues that may have diluted his firms holding.

[rampair] 26/10/2018 17:07

“The British junior developing its deposit in the Agadem zone has well-heeled shareholders close to Baku.”

[mount teide] 26/10/2018 16:04

Someone wants to pick us stock in volume - just plonked a 1 million on the top of the bid at 30.8p.

[seven7seven] 26/10/2018 12:53

From the other BB courtesy of LuckCounts:Down 5% on less than 0.1% of 800mn shares traded by mid day. I would think with Nigerian DPR consent - news on the implementation agreement should be imminent....Here's hoping of the IA RNS Monday morning.

[seven7seven] 26/10/2018 12:22

5% drop just shows that the market expects a further delay.

[seven7seven] 26/10/2018 12:19

I think the best course of action for PIs is to demand answers from Savannah Petroleum's twitter account and post regarding the 7E RTO.

[thelung] 26/10/2018 10:44

Div, it does indeed look like another delay

[bad gateway] 26/10/2018 10:04

Not bad news but think the markets waiting to see if it gets a 7e update this month.

[seven7seven] 26/10/2018 07:11

RNS:Submission of Early Production Scheme Pre-Feasibility StudySavannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce that its Niger subsidiary ("Savannah Niger") has submitted a pre-feasibility study ("PFS") to the Ministry of Energy and Petroleum in Niger in relation to its planned early production scheme ("EPS") on the R3 portion of the R3/R4 Production Sharing Contract area of the Agadem Rift Basin ("ARB") of South East Niger. Savannah Niger undertook to prepare and submit the PFS within 90 days of the signature of its Memorandum of Understanding ("MOU") with the Republic of Niger, as announced on 8 August 2018. The MOU affirms the commitment of Savannah Niger and the Republic of Niger to realise a domestic-focused EPS using crude oil resources associated with the Company's recent discoveries. The PFS sets out Savannah Niger's plans for the Amdigh-1 well test, resource volumes expected to be developed as part of the EPS and associated potential production profiles, as per the Company's announcement of 28 September 2018 and as reviewed by Savannah's Competent Person, CGG Robertson.

[rampair] 25/10/2018 18:33

We seem to have attracted well heeled shareholders from Baku if this is correct?
I expect we will find out soon enough,


R.

[mount teide] 25/10/2018 14:59

Presumably including you - since you're still here?

[ngms27] 24/10/2018 17:00

Yes the same one that 7E's assets would be integrated and everything completed by April 2018. It's good enough for most on here...

[buffythebuffoon] 24/10/2018 09:51

Does that come with a guarantee?

Buffy

[bushman1] 24/10/2018 06:40

Morgan Stanley advises Oil price will be $ 85.00 by year end.

[divmad] 23/10/2018 14:48

7 more days to another kicking the ball down the road?

[shareideas1] 23/10/2018 07:51

BHP Billiton (BLT) petroleum chief vows to outperform rivals. The head of BHP Billiton's petroleum business has set out his plans to develop the division, claiming that it could outperform the largest dedicated oil and gas companies. The world's biggest listed miner has faced calls from investors such as Elliott to shed the oil business and focus on mining. It agreed in the summer to sell its United States fracking assets to BP. Steve Pastor, head of petroleum operations, told The Times that its oil and gas business was "material and core to the BHP group because of the earnings and cash that it generates". He said that the division would be boosted by an exploration programme and that it could potentially enter Brazil or West Africa. The division would produce "superior returns against the whole playing field of oil and gas competitors and peers", he added.

[gmr64] 19/10/2018 16:25

Financial Times
African PE leads the way in ESG investment
19 October 2018
Paul Boynton

Enduring role of development finance has made responsible investment a priority

Adoption of environmental, social and governance criteria in private equity is on the rise. At the beginning of this year, a Preqin survey of more than 300 fund managers globally showed that 53 per cent of respondents had established an ESG policy or had one pending. As well as a tool to mitigate risk and provide downside protection, managers are increasingly embracing the upside potential of investing in sustainable businesses.
But while the debate rages on about whether impact and other forms of responsible or ESG investing compromise or propel financial returns, what seems to be missing from the discussion is how different markets compare with each other in terms of ESG integration. When it comes to this, I’d argue that African private equity has been ahead of the curve for over 20 years, all thanks to its origins.
The industry is rooted in funding from the world’s development finance institutions, which have a major, longstanding focus on ESG principles as the key to sustainable development in African countries. The UK’s CDC Group, among other DFIs, which has been involved in African private equity since the beginning, announced in August plans to increase significantly its investment into Africa — aiming to invest up to £3.5bn on the continent over four years. So, it’s clear that although the African private equity industry continues to grow and mature, the role and influence of DFIs in this space is strengthening, not diminishing. In fact, DFIs would still account for a significant majority of the capital in many of the funds that have been raised.
Since the 1990s, the number of funds has grown from around a dozen Africa-focused PE firms, managing about $1bn, to more than 200 firms with some level of focus on Africa, managing more than $30bn. However, it remains the case that for many of these funds, including the very biggest, DFIs are still the first source of capital, and the first barrier to it. They understand that if they’re not serious about ESG, they’re not going to raise capital.

Furthermore, DFIs — which exist to promote sustainable development — are themselves becoming more sophisticated in their ESG requirements. Rather than narrowly monitoring a manager’s ESG systems and capabilities, their emphasis is increasingly on identifying broader ESG risks and opportunities in the context of Africa’s urbanising and industrialising economies.
As well as undertaking more direct investments themselves, DFIs are becoming more heavily engaged with a fund’s investment process. In the case of first-time managers, DFIs are requesting to review ESG due diligence and giving feedback to the investment committee — this is certainly a new development. Their increasingly hands-on approach also includes providing grants, information sharing or training to investment companies where required. As DFIs’ focus broadens from purely risk mitigation towards value creation, demonstrating a record of positive ESG outcomes is becoming more valuable for future fundraising.
Simply put, the more sophisticated investors become regarding ESG, the more sophisticated managers become. And in Africa, where the scope for impact is enormous, the outcome of these developments can have significant consequences that extend beyond investee companies to the communities and countries they operate in.
Corruption, for example, is often cited as one of the major risks associated with investing in Africa. While the perceived risk may be greater than the actual risk, there is no denying that good governance is a major problem for some of Africa’s 54 countries, particularly when compared with more developed markets. Here is where ESG-focused private equity managers can, and do, make a tangible difference. As mostly closed-ended funds with a limited number of investments, the fund manager has real scope for influence — often sitting on a company’s board and present in forums like the remuneration and audit committee, where governance takes place.
Another area where the ESG focus of African private equity is delivering significant outcomes is in the renewable energy sector. The capital for the majority of deals here has come from private equity managers because banks and other sponsors are unwilling, or unable, to put the 20-25 per cent equity cheque that is required for such deals on to their balance sheets.
Due to their DFI origins and Africa’s investment profile, African PE mangers typically invest for developmental outcomes in addition to financial returns. According to a report from the African Private Equity and Venture Capital Association, fund managers on the continent allocate more time and effort to ESG issues than in more developed markets, even for funds that are not explicitly impact focused.
Taking a lead from veteran DFIs, African managers are well positioned to remain ahead of the curve when it comes to ESG integration.

[haideralifool] 19/10/2018 08:51

Oops, yes. Should have thought about the market cap implication before taking the shares issue figure off this site.