Savannah Petroleum Share Discussion Threads

[plentymorefish] 22/1/2020 14:19

At least he'll be hurting too as he's got quite a shareholding here.....

[kirkuk] 22/1/2020 14:19

Starting to flee! LOL On 780,000 shares traded!!

More like deramping to increase their shorts profit
enabled by mm's.

This stock has a history of shorters and the mms
helping them out!!

[ngms27] 22/1/2020 14:17

AKs watching Rome burn. This Empires looking short lived.

[honestmarty] 22/1/2020 14:15

Still dropping hard

What was the previous s intraday low?

12p

Could beat it

[honestmarty] 22/1/2020 14:13

To get out in volume you will see single figures.

Very worrying.

[honestmarty] 22/1/2020 14:07

Punters starting to flee.

[plentymorefish] 22/1/2020 14:04

I think the clue was the 'stabilising the business' line that the company came out with when the 7e deal completed. A reduction in the FCF is guess, what will that do to the repayment of debt they've taken on?!

[mutley walters] 22/1/2020 14:02

Its bad enough without you gloating and trying to push it down faster. The fact is that we don't know what is happening at the moment but I agree it looks ominous

[honestmarty] 22/1/2020 14:00

The inevitable bad news RNS is going to brutally damage value here.

AK deserves a prize.

Gingenstein, Oscar for best horror show.

Hence forth known as a Knotty.

[honestmarty] 22/1/2020 13:57

T
I
M
B
E
R

[plentymorefish] 22/1/2020 13:57

It will all come out in the wash....

[honestmarty] 22/1/2020 13:53

Panic starting

A heavy sell off with no buyers...

Single figures

[honestmarty] 22/1/2020 13:53

Panic starting

A heavy sell off with no buyers...

Single figures

[honestmarty] 22/1/2020 13:49

Gingenstein

[pembury] 22/1/2020 13:29

what a p.o.s this has turned out to be

[mutley walters] 21/1/2020 23:08

Your posts certainly support your desire for a 15p entry and why not I understand that you see a worthwhile investmenr

[jotoha2] 21/1/2020 17:00

Mount T , although my Broker is in love with this company , I see it rather differently , to many unknowns at the moment , with no guidance coming from the BOD , so far, hope it comes good , will take a few if it hits 15p for a short term punt.

[zengas] 21/1/2020 16:25

Given that we are seeking a farm-in partner, the status and duration of the blocks will need to be tied down. We haven't heard anything on these since the first period ended so maybe thats why we haven'thad any news of a partner so far.

Going back to that $5m short term loan, this is something that could be needed to perhaps pay towards any extension. There's no way DIG Oil would have been getting any relinquished parts for free so begs the question why not try and farm in with SAVP ?

Uunless Savp already have a partner in waiting now that these blocks are supposedly no longer on the negotiation table ?

Or they are off the negotiation table due to some other unknow company coming in, but i'm sure AEI would have picked up on this by now.

[zengas] 21/1/2020 15:13

Following on from a post re Dig Oil in early January where they were interested in any hive off of relinquished zones of Savps 4 blocks in Niger -

From AEI today

'To increase its chances of obtaining blocks in Niger, the South African junior Dig Oil has joined forces with a firm well-connected in West Africa.
Trade Oil
that is who Andrea Brown's firm Dig Oil sought out for help to pick up the northern Nigerien blocks Grein and Taffassasset. The trading house headed by Ivorian businessman Namory Kone has been active in West Africa since 2003. Trade Oil debuted its activities in Niger in 2018 with the offshoot Trade Oil Niger, headed by Traore Abdoulaye Whakhan, who previously directed Ivorian trader Aureole.

When it first opened its doors, Trade Oil Niger's corporate mandate only covered downstream activities. Kone is now branching its activities out into exploration & production. Trade Oil will not just act as an intermediary for Dig Oil but will be its partner if the two firms get the Nigerien blocks in current negotiation. One of Trade Oil's vice presidents is Barinder Dhami, who is also the business development manager for the Venezuelan trading house Venro Petroleum.

Dig Oil, Trade Oil and Niger entered a new round of talks in January in South Africa. As we revealed (AEI 855), Dig Oil board member Alphonse Kisolokele jetted off to Niamey in November to discuss investment opportunities with the minister for petroleum Pierre Foumakoye Gado and his powerful director of hydrocarbons Adolphe Gbaguidi. Considering the future relinquished zones on blocks R1, R2, R3 and R4 of the Agadem field operated by Savannah Petroleum, blocks that were apparently no longer on the negotiation table, the two parties agreed to focus their meeting on Grein et Taffassasset.

Dig Oil holds a stake in DRC block 3 in the east of the country, on which Total was also active. The company has assets in Central African Republic and is working to get a block in Congo.'

[mount teide] 21/1/2020 14:07

What a difference a week makes in the world of a short term market trader!

Today:
'It's called living in cloud c land.....this lot need to perform, so far little sign of that happening.'

And just 6 days earlier this equity investment market 'Guru' offered us this pearl of wisdom:
'My Broker says this is the best run company on AIM, and will make me a millionaire'

You couldn't make it up!

[jotoha2] 21/1/2020 12:53

It's called living in cloud c land , do you remember ophir , insti bought at around 200p , and we are talking hundreds of millions , and the management destroyed the share price , and in the end sold out for around 50p , and all the time so called analysts were pumping up the company !

This lot need to perform , so far little sign of that happening.

[mutley walters] 21/1/2020 12:45

Why would experienced African investment house AIIM spend $54 million buying apiece of the next AFREN?