Savannah Petroleum Share Discussion Threads

[zengas] 01/12/2017 20:33

From United Hydrocarbons

Left hand side of page showing Block H direct extension of Agadem block. Also showing the pipeline plan.

*Large scale commercial production development in Block H, will economically support a new export pipeline.
*The proposed NOTCO (Niger-Chad) pipeline from Agadem in Niger to Chad will route directly through Block H.
*There are three oil discoveries on Block H: Kanem and Kumia, as well as the Seidigi (Non-UHCL) discovery contained within the small, government owned, block inside Block H.
*The Kanem discovery showed oil in the Cretaceous and tested oil in the Eocene zone and the Kumia discovery tested oil in the Cretaceous Sedigi Formation.
*Through the use of automated closure detection from multiple phases of seismic interpretation, United investigated 6 distinct horizons and identified 531 closures.
*3rd Party (McDaniel) NI 51-101 compliant, analysis of the six horizons on the block indicates a total Unrisked Mean Prospective Resource of 4,715 MMbbls of oil on the block.
*3rd Party (Geoseis) has identified 6,600 MMbbls of Unrisked Mean Prospective Resource Oil and 1,427 MMbbls of Risked Mean Resource in six leads that included the largest of these closures.
*The Termit Basin, although underexplored in Chad, has been extensively explored in Niger with tremendous success yielding numerous oil and gas discoveries.



A bit more from AEI earlier in the summer.

"After desperately seeking a partner for months, Canadian firm "United Hydrocarbon International Corp (UHIC) has just signed the deal of the century with "Delonex Energy, an offshoot of the Warburg Pincus galaxy. Delonex has undertaken to purchase UHIC's entire Chadian portfolio, including a permit in the Doba basin, for $35 million cash plus several tens of millions of dollars if production gets off the ground. UHIC still retains a stake in the blocks."

Delonex wouldn't be coming in here if they didn't see a route to market. This would also benefit CNPC in shouldering the pipeline cost as they did not want to go it alone earlier in the year at the then current oil price.

[honestmarty] 01/12/2017 10:06

Looks like we are delisting next Friday.

Hard not to be anxious.

I’m still hoping that this deadline and the lack of bond holder acceptances will cause the deal to be abandoned next week.

If the RNS is accompanied by confirmation of spudding in Niger, who knows, the share price could actually go up.

[parisv] 30/11/2017 16:39

yep they are turning up on lse chat at the mo with brand new id's to talk it down.

[gray1107] 30/11/2017 16:17

Paris, don't forget Brent is also up significantly (~40%) since the suspension in addition to the drilling campaign. Who in their right mind would sell now.

Shorters are running scared (they should be).

[honestmarty] 30/11/2017 08:25

Just watching the SQZ RTO coming back to market in weeks, not months.

And look at the share price

Take note AK, you must try harder.

[lithological heterogeneities] 30/11/2017 07:30

Still nothing

[taudelta1] 29/11/2017 08:56

very complex deal ... but think there will be plenty of time to assess it after relisting .. because the prospectus that will be published at the same time will announce the issue price i.e. the price that IIs have said behind the scenes that they are willing to pay for new shares, and the share price will tend to migrate around that issue price for a little while ... GLA

[buffythebuffoon] 29/11/2017 08:53

I think, given Seven Energy’s presentation, we agree that we are likely to relist towards the end of Dec or maybe early Jan, and we all know there will be a drilling programme (although how many wells and where is still not clear). The hope, maybe expectation, is that we will relist at a premium.

What we don’t know is what we don’t know (Ask Donald). Until we have more information, we just have a snippet of knowledge that suggests AK has sorted out a value enhancing deal.

Shareholders deserve, and I’m sure will get, more relevant information. Until then we just have to wait.

Buffy

[parisv] 29/11/2017 08:46

Well I believe it's coming back in December and it will be at a premium. After that there's a multi-well drilling campaign to start, with a decent chance of success.

[buffythebuffoon] 29/11/2017 08:40

For the Goldilocks scenario we are going to have to have specific, unequivocal, information about the three (or more) drills at Agadem.

Buffy

[bushranger] 29/11/2017 00:34

Parisv- I agree with others until the deal is fully known it is impossible to answer thst question. If this returns at a lower price many will just want out as a lot of good will has slready been lost. If AK pulls off a blinder and this relists substancialy higher many will seek to exit with profits. The sweet spot will be a deal that shows PIs it was worth waiting for with an increase in share price and some good initial upside. Then those who wish to exit can and those who want to stay invested or make an investment also feel confident to do so. Big ask though.

[honestmarty] 28/11/2017 21:40

Parisv
I owned 0.2% of the old Savp.
I will be voting against the RTO.
I would prefer to ride the Niger drilling without the dilution of 7E.

But,

As I think IF, the RTO proceeds to a vote the outcome will be rigged in advance with II support already agreed.

Whether I hold or at least try to dump my holdings will, obviously, depend on the deal and the opening share price and liquidity.

[parisv] 28/11/2017 21:33

Looking forward to seeing this trading again in December. I don't see any reason to sell on open other than the fact others have had money locked in for a long time and will want out? But fundamentally there isn't a sell case is there?

[lithological heterogeneities] 27/11/2017 07:24

still nothing

[lithological heterogeneities] 25/11/2017 14:12

still nothing

[diversification] 25/11/2017 10:43

What makes me laugh is after all this talk about instability and income uncertainty that led to SE downfall. Not once during the Militia attack’s was the 11,000 net gas production affected and now we have a PRG to boot.

We purchased these assets at seriously distressed prices and have delevereged the business to accommodate for the new oil price environment. We now have a cash generating business with a government that is looking to diversify its future revenue streams away from oil and the way they will achieve that is through the generation of electricity. I.e. our gas!

What is their not to like? I’m struggling to see it!

[divmad] 25/11/2017 08:04

lh, we haven't buried our heads in the sand here. We are simply waiting patiently for the re-listing, whenever it comes, and reassess the situation then, mindful of the shares held by AK and the IIs who won't want to lose money over any proposed new deal.

Now just accept that and move on....

[lithological heterogeneities] 25/11/2017 07:55

Cannot wait to get out of this stock and leave all you sad investors who have buried your head in the sand and up your own/each others backsides.

If you think Nigeria is such a good idea then feel free to emigrate there.