Savannah Petroleum Share Discussion Threads

[lithological heterogeneities] 16/10/2017 11:16

Personally I hope it all falls through and AK gets sacked.

[thelung] 16/10/2017 11:01

....or TheEye, having seen right through you along with other posters :-))

For fear of taking LH's mantle as the most useless poster, i'll leave it there and wish you luck with your short.

honestmarty16 Oct '17 - 10:33 - 1304 of 1306 0 0 (Filtered)

honestmarty16 Oct '17 - 10:50 - 1305 of 1306 0 0 (Filtered)

[honestmarty] 16/10/2017 10:50

I see that I’m not the only one with a negative view on the RTO.
Given AK’s previous experience in Alaska, I’m surprised he is even considering a Nigerian adventure.
Perhaps he didn’t learn his lesson.

[honestmarty] 16/10/2017 10:33

TheLung

I find it easy to understand why your nickname isn’t TheBrain

[thelung] 16/10/2017 10:26

bushranger, there's a difference between you and the Cuckoo in the nest - it / it's employers have shorts to close and need holders to sell on relist, where as you just don't buy the hype which is fair enough.

[honestmarty] 16/10/2017 10:19

Nigeria/ Afren

I know which way I’m voting

[parisv] 16/10/2017 10:15

Little early to say you'll be voting against it, you don't know the details yet.

[honestmarty] 16/10/2017 09:55

Bush ranger

I must disagree strongly with you.
If the RTO fails, we are straight to drilling, price will rise, substantially if a financial partner has been added.
If the RTO is signed off, it will include funding for extended drilling in Niger, that’s why SAVP have been chosen as the vehicle, and up the share price goes.
Personally I’ll be voting against The RTO. But I’m unlikely to win

[bushranger] 16/10/2017 09:46

Unfortunately anybody who tries to have a sensible discussion about the SAVP deal is immeadiately denounced as a fraud or deramper if they dont gush about the many multiples of the current frozen share price it will relist at. I am not expecting a big increase in the share price on relist and have resigned myself to a possible drop. It will be the RTO deal (or it falling through) that will determine the price. Anybody who beleives a RTO means instant multiples of a current shareprice is s fool or lier.

[trulyscrumptious] 15/10/2017 21:31

At least the share price never falls, a very safe stock!

[thelung] 15/10/2017 20:41

Cuckoo cuckoo

[honestmarty] 15/10/2017 19:27

Jim88, I feel sorry for you, but no, I am not Mount Teide either.

Clearly the long wait on news is taking its toll.

MT, your reaction surprises me. In these non-binary times can you not appreciate the perils of a false dichotomy?

There I was, buying into a lovely Niger drilling adventure with an share price held back by plummeting oil prices. A much delayed drilling campaign I might stress, but now contract signed and a date to spud. And up popped the bloody RTO again and it's bloody Nigeria. As someone who lived through AFREN, my heart missed a beat.
AK gets far too much praise in my view, I hate to damm a man for one episode of poor judgement, but if this turns into another "Disasta in Alaska", and given the incidence of con artists in Nigeria, AK's talents at spotting a scam, there is cause to worry.
I did express my concerns to JH, who ignored them.
Then I settled my nerves ( what else could I do with suspension), firstly, I understand SJ is calling the shots, and I reason that Nigeria is so rotten that only an idiot would use their own money to buy a bankrupt Nigerian disaster, so it must be that they aren't actually buying anything.
No, I believe, on entirely circumstantial evidence, that the energy hungry Chinese are buying more Niger assets and strengthening their powerful encroachment into Nigeria.
AK is just the not so pretty face on the Chinese invasion.

Time will tell if I'm right.

[thelung] 15/10/2017 18:02

Cuckoo in the nest :-)

[honestmarty] 15/10/2017 17:50

MT

I am not Jim88, or anyone else on lse.
I have 473,000 reasons to be honestly long on this share.
But I suspect your mind is gone, 4 months in the hot Niger desert can do that to a man.

[mount teide] 15/10/2017 17:11

Little bounce in my step? That's what many longs usually get from reading your posts and those of the other derampers on LSE masquerading disingenuously as concerned longs!

honestmarty err sorry jim88, like the rest of us who post on both sites, in the interests of demonstrating integrity and transparency, why did't you keep your LSE name when joining and immediately posting on ADVFN today?

[honestmarty] 15/10/2017 16:00

Illogical outbreak of doom and gloom on Lse.

Somebody, somewhere is very worried, ? Shorty???

Or fast buck City spivs hoping to lower their entry point.

I feel a little bounce in my step.

I wonder if AK, JH and the team are working this weekend?

[honestmarty] 15/10/2017 15:53

Thanks MT

If they started building it in January then clearly it was in big trouble up until the suspension.

I would be sleeping very poorly if I had a major short here, The drilling will start on resumption of trading and will be very rapid. Likely to be buying pressure throughout on anticipation of results. A difficult time to be closing a 6% short?

Unless,

They know something about a cheap placing?

Definitely will be exciting times ahead.

[mount teide] 15/10/2017 14:35

honestmarty - the short position started getting built in Januaury 2017 and had already reached over 6.3% by mid March, where it remained at or very, very close to that level through to suspension in mid June, and at the announcement of the RTO.

[diversification] 15/10/2017 11:18

I do not currently trust newly opened accounts on the SAVP threads. It’s difficult to know his/her agenda. Especially as so much has happened to trigger an active SAVP discussion already. Lse is a classic example of multiple new accounts aimed at creating fear!!

Maybe genuine but honest Marty is filtered for now!!

[honestmarty] 15/10/2017 10:32

The delay and news blackout is killing me on this one.
Lots to speculate about.

Why 7E?

Who has deep enough pockets to consider taking a pop at it? Certainly not SAVP as it currently sits.

You must be talking a minimum of 500 to 600 million dollars to buy out distressed bondholders and have sufficient capital to rectify ongoing issues.

Or are the bondholders being given a D4E? The CPR upgrade would suggest this. D4E on a new entity with a slice of Niger as the tasty topping?

But why not go ahead with the drilling? SAVP would be in a much stronger position with an oil find in Niger?

Who has the balls to take on a failing business in Nigeria, even allowing for debt reduction? Again , not the team at SAVP, their talents are plenty but they absolutely do not have the human resources to swallow 7E.

That means an existing player in Nigeria, an international oiler, or a state entity?

My money would be on the Chinese. They have the muscle and deep pockets to manage this task. They are active in Nigeria. Only they would be happy to take on the unproven Niger assets. The Chinese have been drilling there successfully for years.

The deal once announced will see our current SAVP transformed into a Chinese controlled giant

Why SAVP?

What do they bring to the table?

Niger assets, China is desperate for oil resources, their long-term survival depends on it. Given the success of the Niger assets, looking over the valley to SAVP's holdings must be mouth-watering.

Nigerian contacts.
SAVP have key relationships with State oil bodies

Financial engineering expertise.
Cobbling to get a refinancing deal will be complex and difficult.


Less than £1.25 a share on relisting and I will be disappointed

[kirkuk] 14/10/2017 11:06

Chill LH. The darkest hour's just before dawn!!

[lithological heterogeneities] 12/10/2017 22:47

lol.

these puns could go All Night Long.