Savannah Petroleum Share Discussion Threads

[nen2319] 31/10/2017 09:07

IH filtered.

[lithological heterogeneities] 31/10/2017 08:06

Still nothing

[lithological heterogeneities] 31/10/2017 06:32

"accelerated"

[lithological heterogeneities] 31/10/2017 06:29

A reminder:

08 Jun 17 RNS

"Savannah has been undertaking legal, financial and technical due diligence on the Proposed Transaction since January 2017"...and is "seeking to complete the Proposed Transaction on an accelerated timescale."

[diversification] 30/10/2017 18:31

I think our current NOMAD has a big part to play for the current news blackout. Given the size of the new proposed entity a main market listing is highly likely imo! However it’s ability to get things done in the next 25 days would be a miracle imo!

I hope I’m wrong and these negotiations have a deadline, they pull a rabbit out of the hat and we put this all behind us, a new bigger entity or not!

[bushranger] 30/10/2017 18:27

I wouldn't be surprised if a possibility of SAVPs wording. 'Working with our Nomad and advisers so that the delist date wont be an issue' refers to the Nomad and advisors using AIM rules to somehow not relist on time but avoid delisting. Obviously such a senerio would obviously only be for a relative short time. But would give LH more than 25 "still nothing"s.

[buffythebuffoon] 30/10/2017 15:52

Are you saying we won’t have to delist after six months?

Buffy

[bushranger] 30/10/2017 14:51

Why omly 25? It wouldn't surprise me if SAVP crossed over the delist time without an RNS. Even if the odds on that are small.

[buffythebuffoon] 30/10/2017 14:10

25 to go.

Buffy

[lithological heterogeneities] 30/10/2017 14:06

still nothing

[buffythebuffoon] 30/10/2017 08:37

lh,

Don’t let us down; I’m counting...

Buffy

[lithological heterogeneities] 30/10/2017 08:34

Why are you so glum on this stock ?;0)

[honestmarty] 30/10/2017 07:52

Guess who?

Oh god, we're all doomed, there is no news, never has been any news, never will be any news.

473k completely worthless SAVP shares to the winner.

[lithological heterogeneities] 28/10/2017 11:13

still nothing.

[bushranger] 28/10/2017 10:45

I agree Mount Tiede that this will be made a little clearer by next month. I hope though it is not that negotiations are continuing in the meantime our NOMAD states we wont delist. Wether shorters sweat will depend on the deal which everyone who holds is waiting for. If the deal is good no ramping will be needed. If it doesnt go ahead and we return to a small explorer it will depend on funding and then success. If AK can pull off a good deal without dilluting current holders too much then great. We should all gind ot ne

[mount teide] 28/10/2017 09:19

Energy Sector - the new rising tide?

Even the Wall Street investment banks are now joining the party! First Goldman Sachs now Morgan Stanley:

Morgan Stanley: Oil Stocks Are Very Interesting Now

'The oil industry is a pretty interesting sector now as it has lagged year to date, it’s under-owned, and has much better value historically, Andrew Sheets, chief cross asset strategist at Morgan Stanley, told CNBC on Friday, joining the growing chorus of other analysts who have recently turned bullish on European and U.S. oil stocks.

The oil sector has lagged the move in oil prices which have been creeping higher and now sit higher than a year ago, Sheets said.

The industry is also interesting because now it is in a very different part of the cycle compared to the very aggressive capital spending when oil prices were $100 per barrel. Now spending is being rolled back and efficiencies have been found, according to Morgan Stanley’s strategist.

Morgan Stanley upgraded the oil sector in Europe to “overweight221; a couple of weeks ago, and the bank is also “overweight221; on the sector in the U.S., Sheets noted.

“We do think it’s a very interesting sector that is both under-owned and historically much better valued than a lot of other sectors,” the strategist told CNBC.

There is a kind of difficult window for oil prices in the first quarter next year, when new projects and supply is due to come to the market, but demand growth this year has been “incredibly strong.” Morgan Stanley’s current assumption is that the strength in global demand will be enough to offset some of the supply coming online and ultimately, lend some kind of support to oil prices, Sheets said.

Morgan Stanley is joining Goldman Sachs in its view on oil stocks. Earlier this month, Goldman said that shares in oil companies had underperformed the recent oil price rally, so some of those stocks were set to rise in a long-term oil price of $50-55. Goldman Sachs has also recently turned bullish on European majors and on Big Oil’s competitive positioning.

As early as in August, analysts were saying that the oil sector globally is an attractive play for investors right now, with “great value in supermajor oil companies.” '

Not looking good for those sitting on the barrel packed with 12,500,000 SAVP RTO short explosives primed to go off at any time in the next month!

[bushranger] 27/10/2017 15:59

My gut feeling, and it is just that, is that the shares for whatever reason, perhaps falling SP, or not, were suspended earlier than SAVP intended. Thus the negotiations which can go on for months behind closed doors before any announcement were actually only in the early stages.

[bushranger] 27/10/2017 14:54

This year another share I owned completed a substancial RTO this September. That being CAML. From suspension to readmission was 21 DAYS. They did not announce an "accelerated" RTO, just did it. CEO said it was one of 150 companies examined. SAVP RTO may still come good but it does make you question what is going on and genuine ability to deliver.

[lithological heterogeneities] 27/10/2017 14:35

its now been 10 months.
talks began in January.

[haideralifool] 27/10/2017 13:52

If the average RTO takes 8-9 months as some have said. And delisting here will happen well before then.

What happened in those other cases to shareholders presumably they could not sell the shares they had in a delisted company?

[bushranger] 27/10/2017 12:46

I assume that there will have to be some form of RNS at least when the delist date is reached whatever stage the RTO is at at that point? From the corespondence I received from SAVP my interpretation after thinking on it would be relisting prior to the delist date unlikely and that is why the NOMAD and Advisers being consulted. Unless the whole thing falls through in which case I see relisting at the last minute with an RNS regards drilling program. If that does eventuate it will please some not others but funding will then be the key issue.

[mount teide] 27/10/2017 12:36

dishonestjimm - i'm sure you will have closely tracked today that the 'sell off' in TXP has been completely bought up and we are back to where we were before, with the MM's once again short of stock - its called Value Investing!

Looking forward to management at Sav P priming the 12,500,000 barrel of RTO 'short' explosives quite soon, by way of an RNS update! Very timely with November 5th just a week away - should make a spectacular sight when that lot goes up!

[buffythebuffoon] 27/10/2017 08:35

I don’t usually remember dreams, but last night I had a dream that the RNS came out and it was a Friday. This was preceded by a teaser on Africa Intelligence a day or so before. On the Sunday there were several articles in the papers discussing the deal and Mondays relist.

Well...as our dear resident poster will confirm (the one who specialises in stating the bleeding obvious - morning lh), there was no RNS today. That leaves just five Friday RNS slots.

I wonder which it will be?

Buffy