Savannah Petroleum Share Discussion Threads

[parisv] 08/1/2018 17:11

first targets in a 93% hit rate area

[lithological heterogeneities] 08/1/2018 16:15

"High impact, 3 well drilling campaign in Niger due to start in Q1 2018"

Not even a hint of a date.

[lithological heterogeneities] 08/1/2018 16:11

presentation just uploaded a couple of mins ago:

[honestmarty] 08/1/2018 16:05

Underwhelmed

[honestmarty] 08/1/2018 15:43

As expected
RNS
The cart continues to trundle down the road

[honestmarty] 08/1/2018 15:18

Where’s our RNS?
Come on Jessica, my nerves won’t take another suspension RTO.

[bushman1] 08/1/2018 13:58

Good afternoon. Could anyone attending the GM this afternoon at 15.00 hrs please post an update ? Many thanks.

The General Meeting will be held at the Hilton London Canary Wharf, Marsh Wall, London E14 9SH at 3.00 p.m. on 8 January 2018.

For further detail on the resolutions to be proposed, including the resolution to approve the Agreed Transaction and the issue of the Second Tranche Placing Shares and the Warrants, please refer to the
Company’s AIM Admission Document.

[dorset64] 08/1/2018 13:32

Dorset64 3 Jan '18 - 13:02 - 2016 of 2030

I wouldn't tip any for fear of people not researching properly HM, BUT I can safely say Asiamet Resources, ARS, is as close to a safe bet as you can get going forward.
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I hope you were able to buy some ARS shares HonestMarty and also LH as the news flow there has just begun once more imo.

[honestmarty] 05/1/2018 16:18

patience LH, patience

[lithological heterogeneities] 05/1/2018 16:06

It's gone up from 42p to 28.5p.

[diversification] 05/1/2018 15:50

Today's share price reaction is probably an acknowledgement of the following statement from the admission document:

1.8 The Lock-Up Amendment Agreement provides SSN holders who are currently party to the Lock-Up Agreement with the ability to withdraw from the Lock-Up Agreement until 5.00p.m., 5 January 2018

The Lock-Up Amendment Agreement provides all SSN holders who are not signatory to it with the opportunity to withdraw their accession to the Lock-Up Agreement until 5.00 p.m on 5 January 2018. If an SSN holder withdraws their accession to the Lock-Up Agreement, they will no longer be bound by its terms. If one or more SSN holders choose to withdraw from the Lock-Up Agreement it could have an adverse impact on the timing and implementation of the Transaction.

It is my opinion that as the transaction progresses through the milestones, the transaction becomes de-risked and the share price will move to reflect an improved chance of this transaction completing on time and on budget. I have no doubt that the assets to be purchased at distressed levels are not justified by the current share price.

[honestmarty] 05/1/2018 15:31

I beg to differ LH.
I would have preferred just drilling Niger, but that isn't how it has panned out, unfortunately.
I don't want any Nigerian experiences ever again.
Yes, we were advised that a Nigerian opportunity could present, but burying all of SAVP in 7E was unexpected.

[lithological heterogeneities] 05/1/2018 15:15

I doubt if this deal will even go through. Too many risks.

[lithological heterogeneities] 05/1/2018 15:14

An even stronger sell at 35p.

[ifthecapfits] 05/1/2018 13:47

...and beyond. Fingers xxd.

[honestmarty] 05/1/2018 12:10

Are people aware we are likely to get a spud date and more RTO details Monday? I can see a spike this afternoon as positions are taken.
A strong buy up to 35p

[honestmarty] 05/1/2018 10:26

Ticking up nicely ahead of major update Monday.
I can’t see there being many sellers left this side of 35p now?

[lithological heterogeneities] 05/1/2018 08:09

still nothing

[lithological heterogeneities] 04/1/2018 07:15

still nothing

[paleje] 03/1/2018 14:12

Dorset,

Well said in 2014, much as I sympathise, no point constant whining what's done is done.

[gray1107] 03/1/2018 13:11

I bought for the UNDILUTED and IMMEDIATE drilling of Niger

Unfortunately that was never on offer.

[honestmarty] 03/1/2018 13:05

Thx
I’ll enjoy having a look at it.

EME has potential, but don’t bet the house.

Good to see some heavy duty buys appearing

[dorset64] 03/1/2018 13:02

I wouldn't tip any for fear of people not researching properly HM, BUT I can safely say Asiamet Resources, ARS, is as close to a safe bet as you can get going forward. I do hold about another 6 or so shares currently but would put ARS above all else in mine.

[dorset64] 03/1/2018 12:47

Simple LH, if you were true to your feelings you could had sold on re-list day but you chose not too. Now that the share price has tumbled some more you're back to whinging on about how hard done by you've been.

It's your choice to hold so stop bloody moaning or simply sell up, buy another share and make your money back elsewhere, there's plenty of other great shares out there going to double, treble or more this year, just look!

[honestmarty] 03/1/2018 12:47

LH
I think you are slightly apocalyptic in respect of the current prospects here.
Jessica assured me that next weeks update will greatly clarify many of the concerns that have created this share price disaster. We can expect specific details on Niger drilling. In retrospect the current price could prove a bargain.