Savannah Petroleum Share Discussion Threads

[buffythebuffoon] 19/9/2017 10:10

What moron voted Divmad's post down?

Buffy

[divmad] 19/9/2017 03:38

What has that long diatribe got to do with an O&G explorer that is undergoing a RTO and wil come back to the market presumably at a premium?

[mount teide] 18/9/2017 11:10

Only invest what you can afford to lose or tie up for at least 5 years

96% of short term traders lose money - LOTS OF IT! Its like Fixed odds betting machines - virtually guaranteed to lose money over the longer term.

Every stock market made $billionaire has largely been a buy and hold long term investor - something that is deeply unfashionable today despite it having repeatedly proved the test of time over many decades.

Since inception Terry Smith's Fundsmith Fund is 175% up in less than 5 years, during which he has only changed a handful of constituent companies, mainly as a result of takeover activity. That's a GAGR of circa 25% a year - not too shabby when compared to cash isa's that are generating circa 1.25% annually in a 2.9% inflation rate environment( a figure that bears little reality to the real inflation level most UK residents experience as a result of much of their income getting spent on essentials that are unavoidable - i have calculated my current personal inflation rate at 7.5%).

Once UK interest rates start to go up, the UK property market will enter what could easily be a decades long recession - over the last decade gravity has been temporarily suspended by 365 year low interest rates. Until very recently it was cheaper to service a £500,000 interest only mortgage than a £50,000 mortgage in the 1980's when inflation last reared its ugly head. Prior to the financial crash average long term interest rates, were many, many multiples of current rates - youngsters looking to get on the housing market should ignore such data at their peril.


AIMHO

[parisv] 18/9/2017 10:27

just write it down as a big loss for now until it comes back. I have a huge chunk of my pf in this but there's absolutely nothing we can do.

[lithological heterogeneities] 18/9/2017 08:20

RE-LIST !!!!!!!!!

[parisv] 12/9/2017 16:45

World Bank assurance Seven Energy

[lithological heterogeneities] 12/9/2017 07:45

RE-LIST FFS !

[lithological heterogeneities] 08/9/2017 15:13

and still absolutely sweet FA

[zengas] 07/9/2017 09:41

I have a small holding in San Leon (SLE) bought before suspension as a trading punt based on a possible offer by China Great United Petroleum indicated at a 67-76p range. Currently 34p (suspended).

In Jan 2016 SLE announced a Nigerian deal to acquire 9.72% of OML-18. This is their main asset and have a few very small/minor assets (with nothing in comparison to Savps Niger blocks).

Gross production 54,000 bopd & 55 mmcf/d (total 63,000 boepd).

In July 2016 there was 62.33m shares in issue. The deal was classed as a RTO and SLE raised £170m @ 45p issuing 378.4m shares in August 2016. Currently 456.2m shares in issue.

OML-18 figures =
Gross production 54,000 bopd & 55 mmcf/d = total 63,000 boepd (SLE having 9.72%).
Gross 2P reserves = 576 mmbo & 4.72 TCF gas = 1.276 mmboe (125 mmboe -SLE).

Gross 2C resources = 203 mmbo & 1.6 TCF gas = 304 mmboe.

Total 2P+ 2C gross = 1.58 billion boe ( SLE have 9.72% so approx 154 mboe ).

30th June 2017 = "Receipt of conditional offer for the Company and publication of annual accounts. China Great United has proposed an indicative purchase price of approximately 67-76 pence per share"

7th September 2017. "After the reporting period we announced that we were in discussions with a further three entities, and in June 2017 we announced a conditional offer from China Great United Petroleum (Holding) Limited. Following the end of the 45-day due diligence period San Leon anticipates an update from China Great United Petroleum (Holding) Limited in the near-term".

With 456.2m shares an offer of 67-76p would be valuing their 9.72% Nigerian interest at £305m - £346m.

Given the size of Seven Energys assets, we might know soon if we are getting a bargain or not.

AK reported as seeking Chinese finance by Africa Intelligence. Well documented in recent posts and links about serious Chinese investment particularly into Nigerias gas sector both in fields and pipeline building. Now an indicative offer by a Chinese company for an OML interest.

Worth noting that SLEs RTO on the Nigerian deal was done at a 54.5% premium to it's share price at time of suspension (45p v 29.15p pre RTO).

26/8/16
"Conditionally raised approximately £170.3 million (US$221.4 million) through an issue of 378,400,000 new ordinary shares by way of a placing at a placing price of 45 pence per Ordinary Share, a 54.5% premium to the last traded price of 29.125p".

[diversification] 05/9/2017 10:51

Email from Jessica yesterday,

We are not being charged for the equipment that has been delivered to site.The charge will begin as we start drilling.

------------

It would appear that we have very good support from GWDC a subsidiary of CNPC who are quite obviously keen to promote a successful outcome in the Republic of Niger given the est. $8billion investment to date. The more oil that is found in Niger and the higher number of companies operating in the country, the greater chance of commercially exporting oil imo. It is also interesting to note that SINOPEC operates the Stubb Creek asset on behalf of SE.

[parisv] 05/9/2017 09:30

Oil & Gas Sector authority Malcy talks about the following stocks: Savannah Petroleum #SAVP SDX Energy #SDX Premier Oil #PMO Rockhopper Exploration #RKH & Empyrean Energy #EME

(Interview starts at 20 minutes 11 seconds)

[buffythebuffoon] 04/9/2017 14:27

Hi TS,

It's a well known expression meant to emphasise just that.

I've known Malcy for many years. He's a very well connected and experienced bloke in the business; and well liked. Oh, and very very sociable.

I still stand by what I said, despite the moron who voted the post down (unless it's you Malcy...)

Buffy

[trulyscrumptious] 04/9/2017 14:18

Why the square root of zero when that is Zero alredy?

[buffythebuffoon] 04/9/2017 14:15

Malcy usually adds the square root of zero to the informed investor, even when he's not talking about a no information holding RNS.

Buffy

[trulyscrumptious] 04/9/2017 13:37

Thanks for the link lh. Looks as though we could soon all be very rich.

[lithological heterogeneities] 04/9/2017 13:19

Still nothing. ;0)

[lithological heterogeneities] 04/9/2017 13:19

Expects a re-list in a "matter of weeks" along with a new CPR with the re-admission document and a "potentially transformational" and "game changing" deal.

[lithological heterogeneities] 04/9/2017 13:12

New Vox podcast just out with Malcy talking about SAVP at 20 mins 45 secs:

[lithological heterogeneities] 04/9/2017 10:30

thx gray. good luck to you too.

I did not expect to tie up such a large amount of money for such a long time and with no obvious end in sight.

[gray1107] 04/9/2017 10:15

I can relate, good luck to you lh.

[lithological heterogeneities] 04/9/2017 08:34

divmad

yes, I know. this is causing me serious problems.