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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Savannah Petroleum Plc | LSE:SAVP | London | Ordinary Share | GB00BP41S218 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.90 | 8.16 | 8.98 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
31/10/2018 07:49 | Seven deal on bloomberg It all depends on this! Do you believe it will complete in the end or will it crash and burn and the company will not survive? I think with Millions of their own money invested the board will do whatever it takes to get the deal done so I’m sticking with it. I’m here for at least another couple of years and really intrigued to see what they can build this company into | nen2319 | |
31/10/2018 07:45 | Gingenstein lurches towards Bethlehem. Be very afraid. | honestmarty | |
31/10/2018 07:35 | Pleased that the Board has kept PI's informed and used carefully worded positive language. Maybe recent downturn in market/oil prices has impacted? Remain strongly convinced of the company's prospects. | zeusfurla | |
31/10/2018 07:22 | Agreed - importantly sticking to completion by year end and a promise of more value enhancement... | shareideas1 | |
31/10/2018 07:20 | Another delaying RNS but at least they updated. Could have mushroomed us which would have been worse. | bad gateway | |
31/10/2018 07:15 | Further to the Company's announcement on 20 September 2018 regarding the gas for oil swap with Frontier Oil Limited and the buy-out of minority shareholders in Universal Energy Resources Limited, Savannah is pleased to confirm that it is seeking certain further amendments to the terms of the Transaction, which the Board considers to be in Savannah's immediate commercial interests and are expected to significantly enhance the Company's competitive position in Nigeria. As such, finalisation of the Implementation Agreement will now take place once these amendments have been agreed and announced. Further updates in relation to this will be provided in the coming weeks. The Company continues to anticipate that formal Transaction completion will occur in the fourth quarter of 2018, which will be followed in due course by the publication of a supplemental admission document. | haideralifool | |
31/10/2018 06:35 | 31.10.2018. Share price : 31.00 p. RNS at 07.00 hrs. ? | bushman1 | |
30/10/2018 12:26 | We have new neighbours in the Agadem Rift Basin; | timberwolf3 | |
29/10/2018 10:50 | Zengas, my post to you wasn’t commenting either way on SAVPs involvement or non involvement in contentious assets/issues;it just pointed out that it did mention the assets we are trying to buy. I’m pretty sure I know AK as well as any here, and he has integrity, and is very sharp. More importantly, he has more personal money committed than pretty much anyone here has in total assets. That’s all I need to know. We have a partial World Bank guarantee on production, and his strategic moves appear to be exemplary, consistent with building a good size mid cap company, to be packaged up and ready to sell. Buffy | buffythebuffoon | |
28/10/2018 12:57 | I believe that Savannah is buying the least controversial part of Seven and without knowing full details (confidentiality clauses etc)we, as PI’s cannot have a full picture. What we can have is a view of our CEO and to this investor at least, he seems to be a Person with integrity and certainly very bright. I don’t think it’s worth any U.K. Director to risk taking their company into any transactions without full appraisal of the asset. These situations occur and we have been able to satisfy the Ministry to the point where it’s awaiting the Ministers signature- I’d certainly trust the Minister to know his own business and therefore will remain a holder. Someone has to run this, so why not SAVP? | rampair | |
28/10/2018 12:17 | In the piece referred to, SAVP issued a statement,: Savannah Petroleum was also sent a Right of Reply. It responded: “We are not acquiring all of Seven Energy’s assets. For example, neither the shares in Seven Exploration & Production Limited (Formerly Septa Energy Nigeria Limited) (‘SEPL’) nor any interest in the Strategic Alliance Agreement (the ‘SAA’) is included within the scope of Savannah’s acquisition. We are therefore not in a position to respond to any of the questions raised by you in relation to the SAA or SEPL. In preparation for this transaction, we undertook appropriate ‘know you customer’ (or in this case ‘know your counter-party’ Savannah Petroleum also stressed that “Savannah had no involvement with SEIL [Seven Energy International Limited], its subsidiaries or activities” prior to Savannah’s current negotiations to acquire Seven’s Uquo and Stubb Creek oil and gas fields and its 20% interest in the Accugas midstream business. (See Box: Right of Reply Responses for Savannah Petroleum’s full response). | rampair | |
28/10/2018 11:34 | The thing is it's fine that the deal takes as long as it takes to get it right but I wish AK would stop mentioning arbitrary dates for completion that mean nothing on Nigeria time. | gisjob2 | |
28/10/2018 10:27 | Buffy of course it mentions Savp. You say Savps involvement - Involvement in what exactly ? I read it in its entirety but it is nothing to do with the assets we are buying. The matter is the SAAs (not only Sevens which have since been terminated but the whole question of SAAs in Nigeria) and a previous director at 7 back to circa 2011 and the investment by IFC in 2014. This isn't a new story as it has been out there since 2016 at least. As the article states and in relation to that 2014 investment - "Our concern is solely with the World Bank group's decision to invest in Seven Energy - and the adequacy of the IFCs and MIGAs due diligence procedures. Our focus is therefore on the IFCs handling of the investment". | zengas | |
28/10/2018 08:39 | OK, MT. Apologies. | divmad | |
28/10/2018 08:18 | Hi Zengas, That’s unlike you to be wrong, but I guess you must have skim read it. It does refer to the assets we are buying, and refers to SAVPs involvement. I’m pretty sure that AK is far too astute to get involved in anything that isn’t financially safe, absolutely watertight safe legally, but he very much hankers after getting his, our, hands on the SAAs. That’s a biggie, but is currently mired pretty much in the centre of the assets that have been subject to so much corruption. If that can be unequivocally unpicked and parcelled off, expect another period of anxious waiting. Buffy | buffythebuffoon | |
27/10/2018 21:06 | 777 - indeed - patience is an important investment skill that has to be developed - as one person’s impatience often proves another’s buying opportunity. Divmad - ??? - i was replying to 777's post - the clue was in his copied quote. | mount teide | |
27/10/2018 20:30 | Only thing is, that article has nothing to do with the assets that Savp are currently acquiring nor makes any mention of it because they are unrelated. Revised terms were announced on 20/9/18 and the Nigerian Dept Petroleum Resources are happy with the DD on the 11/10/18 and passing them to the minister for final approval. The revised terms are buying out UERLs minority remaining interest and the Frontier - SUGL oil for gas swap. Those negotiations are nothing to do with the article. | zengas | |
27/10/2018 19:50 | Oh boy. AK must really want the assets of 7E to be prepared to go through all this history and ongoing legal and corruption issues. I would think that ensuring a full and clean title to the transferred assets is more important than meeting any particular deadline for completion. | divmad | |
27/10/2018 19:26 | I think adding things etc always causes another two rounds with the various legal teams, it is prolonged thats for sure! | rampair | |
27/10/2018 18:58 | Please check this link to get an insight into Seven Energy and the paper trail involved in completing the 7E assets RTO.https://www.pros | seven7seven | |
27/10/2018 16:31 | You and me together, Seven7. | divmad | |
27/10/2018 16:25 | MT - we all have an exit and entry price short term or long term, I'm not trading. When the Sp moves adrift I'm like most of the other PI's who are invested frustrated and impatient. No doubt the 7E RTO will be wrapped up anytime soon, but AK has been setting a deadline since April this year and not delivering. Sure the goal posts have moved but would've expected the deal wrapped by now.Div - I'm just growing frustrated as I'm quite heavily loaded here. Patience is the key and I shouldn't let my frustration get the better of me. | seven7seven | |
27/10/2018 14:37 | MT, you have absolutely NO IDEA how long I have been invested here. Go suck eggs.... | divmad | |
27/10/2018 14:07 | Short,Short Term trading position! Just for those interested in What the Eocene period & what Savannah Petroleum is dealing with - from 2016 there is a really very good presentation to help understand the thing we are drilling into. R (holder) | rampair |
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