Savannah Petroleum Share Discussion Threads

[divmad] 09/3/2019 19:03

I suspect we will see a totally different and galvanised PR campaign and action plan once the Seven E deal is finally completed, with the cash from that deal freed up .

[rimau1] 09/3/2019 18:42

I suspect AK is delaying thr Niger drilling timetable because they are finalising a farm out agreement

[honestmarty] 09/3/2019 12:36

Thanks Zengas.
Another pointer to the telephone numbers of potential that could be realised here over the next 2-3 years.

I'm a bit irked that a Niger drilling plan and timetable hasn't been released.

The current poor share price will dictate the dilution when we issue the new shares.

Hurry up AK . We are mid H1. Get the finger out!

[zengas] 09/3/2019 12:02

Does anyone remember United Hydrocarbon operating the neighbouring block H in Chad next to CNPCs Agadem block - they were bought into by private Delonex Energy just 2 years ago.

Delonex are backed by a private equity firm (not totally unlike Africa Investment Partners in Savp).

Delonex are part of a consortium consisting of Vitol and Africa Oil Corp that jointly paid $1.4b for a 50% interest in POGBV which has an indirect 8% interest in Nigerias OML 127 which contains the producing Agbami field. It also has an indirect 16% interest in OML 130 which contains the producing Akpo field and the Egina field which was to start production around year end 2018.

Agbami and Akpo, have been on production since 2008 and 2009, respectively, and in 2017 averaged a combined gross production rate of approximately 368,000 bopd.

Egina first oil is expected before the end of 2018 and quickly ramp up to plateau production of approximately 200,000 bopd during the first half of 2019.

( 50% of the 368,000 = 184,000 bopd. 8% of that = 14,720 bopd to the the consortium.
50% of 200,000 = 100,000 bopd. 16% of that = 16,000 bopd to the consortium. )



In that context who knows what the future holds in terms of further deals, expansion or growth for Savp backed by Africa Investment Partners (part of Old Mutual) and now Vitol having a holding in Savp post transaction. Perhaps they too see the serious potential from the opportunity to monetise some of that 40 TCF (6.6 billion boe) stranded gas into Savps Accugas system.

[zengas] 09/3/2019 11:16

Feb 26 2019

'Chadian president Idriss Deby has tasked his close guard to find a way to connect into neighbouring Niger's pipeline that transports crude from the Nigerien Agadem field. In early February, the head of state, who recently twice picked out a new minister of petroleum and energy in as many weeks signed a decree to create a committee that will oversee projects to connect Chad's hydrocarbon transportation system to its neighbours' pipelines. This new unit is headed by former prime minister and current secretary general of the president's office, Kalzeube Payimi Deubet. He will be joined by the newest minister of petroleum and energy Mahamat Hamid Koua, who will coordinate the unit, Deby's oil advisor Ateib Abdessalam, the committee rapporteur, the president's son Seid Idriss Deby, who heads Societe des hydrocarbures du Tchad (SHT) and the minister of finance Allali Mahamat Abakar.

The committee's main mission will be to oversee the legal, commercial, technical and tax framework of the pipeline connections in cooperation with Chad's neighbours. Deby is particularly envious of Niger's infrastructure and has been wanting to connect into this pipeline that runs through to Cameroon for several years.'

[rampair] 08/3/2019 16:20

Exactly Marty, very.

[honestmarty] 08/3/2019 13:25

I suspect sunbed was being ironic.

Poorly received in these parts.

[oilbagger] 08/3/2019 13:06

what high volumes!! - volumes are very low waiting on whether the 7 deal closes

[sunbed44] 08/3/2019 12:23

This time next week rodney...

[sunbed44] 07/3/2019 16:22

Big seller and big buyer both happening

[rampair] 07/3/2019 15:05

Well as long as Andrew is ok, we should have no problems i wonder if a big
shareholder grumbled about time ?

[sunbed44] 07/3/2019 14:46

Minesterial consent has already been signed just needs votes to be good next Thursday then all done with RNS confirmation Thursday or Friday next week punching money

[shareideas1] 07/3/2019 14:03

Deal signoff and subsequent completion by month end is the single most important catalyst to drive a rerating... presidential elections behind us and local govt elections this weekend, then we should hope for ministerial consent (a formality if you believe the company) any time thereafter... exciting

[ifthecapfits] 07/3/2019 14:00

I expect so.

[sunbed44] 07/3/2019 13:52

If you invest today you'll double your investment in 1 month

[ifthecapfits] 07/3/2019 13:49

Going a bit slow this one. Still can't be long now - as they say.

[sunbed44] 07/3/2019 13:28

love the high volumes

[mount teide] 05/3/2019 23:02

Savannah Petroleum PLC

05 March 2019

Appointment of Chief Financial Officer and Service Agreement Amendment

Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to announce the appointment of Isatou Semega-Janneh as Chief Financial Officer ("CFO") with immediate effect. Isatou has acted as interim CFO for the Company since 21 December 2017, when she was appointed to Savannah's Board of Directors, and also acts as Savannah's Company Secretary.

Isatou is an accountant with over 17 years' experience who has led Savannah's finance function since joining the Company in January 2015 as VP Finance. Prior to joining Savannah, she spent 9 years with BP in a variety of roles, most recently as Financial Controller for BP's operations in North Africa (Algeria, Libya and Morocco). Isatou has extensive experience of managing large, multi-country finance teams and of implementing and managing financial and regulatory compliance systems in emerging market oil and gas environments.

Service Agreement Amendment

Savannah also announces that the service agreement put in place between the Company and Andrew Knott at the time of the Company's AIM IPO in August 2014, which provided for a 12-month notice period and an initial fixed term of two years, has been further amended by the Remuneration Committee so that the 12 month notice period cannot expire any earlier than 28 February 2021 (the "Service Agreement Amendment"). All other material terms of the service agreement remain the same.

The Service Agreement Amendment is deemed to be a related party transaction under the AIM Rules for Companies. The Directors, other than Andrew Knott, consider, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, that the terms of the Service Agreement Amendment are fair and reasonable insofar as the Company's shareholders are concerned.

Steve Jenkins, Chairman of Savannah Petroleum plc, commented:

"I am delighted to announce Isatou's appointment to Chief Financial Officer of the Company at this exciting time in Savannah's development. I am confident that she will continue to be a highly valuable member of the Company's Board and senior management team. In her role as interim CFO, Isatou has shown demonstrable leadership of the finance function and has played a key role in finalising the Seven Energy transaction. Her proven experience will be an asset to Savannah as we continue to grow and develop the business."

[mount teide] 02/3/2019 13:21

Mr May would know!

[divmad] 02/3/2019 12:04

Can you imagine what it must be like to live with such a pathologically scheming and deceiving individual?

[mount teide] 02/3/2019 09:58

Who posted:

'AK needs to address the crisis of confidence in his leadership immediately.'

'Clearly Andrew has created a monster from the stinking corpse that was 7E.'

'If they cannot complete the RTO disaster, there will be a bidding war alright, but it could be in single figures. Very worried deal is floundering and company saying nothing as implications terrifying.'

'A fourth delay could prove disastrous.'

'I did try to warn you all.'

'The 7E RTO has failed to complete for a FOURTH time.'

'All these wonderful plans are just distracting the gullible from the underlying disaster.'

'Smoke and mirrors job. Be very afraid.'

Then after all that we get:
'I've just held my AFREN scarred nose. And bought back in.'

Lol! You couldn't make it up !

[sunbed44] 28/2/2019 16:06

Forgot to add mms struggling to hold price sub 28p

[sunbed44] 28/2/2019 16:04

The 1k+ bots have firmly got hold of this be interesting how long they keep control and how high it goes another buyer here taking small buys to get to a significant new position or adding

[honestmarty] 28/2/2019 08:18

Petit moi??

[nen2319] 28/2/2019 07:57

Marty. You ramper 😂😂