Savannah Petroleum Share Discussion Threads

[buffythebuffoon] 02/3/2018 11:05

What’s that, something like £100m risked for Niger.

I like the Nigeria deal, but a honed down company, while riskier, would have given a far better response to drilling success in Niger.

Let’s face it, three drills in an area with a 93% success rate would be very very unlikely to fail.

We’d better be paid for the Nigerian production!

Buffy

[maccamcd] 02/3/2018 10:49

Mirabaud BUY note just out.

We re-initiate coverage with a BUY recommendation and an updated target price of 55p/shr – offering 95% upside. This is underpinned by 43p/shr of risked Core & Development value (Nigeria, plus corporate adjustments) and 12p/shr of risked exploration upside attributable to the three well campaign in Niger.

[rampair] 28/2/2018 17:50

Lithological, if we all picked winners, we’d be kidding ourselves- no one is perfect, you & other shareholders of early SAVP were dumped on. It was not doing what you hoped it would- drill Niger.
To drill Niger needs cash, Savannah, in the deal it got acquired a very decent cash flow.
A Director cannot just go in to Niger and drill - they are legally obliged to keep the Company a “Going concern” I believe that now they have secured the companies future
- they are in a better position financially to exploit the Niger asset. If it comes in dry, or full of water - we are not wiped out in a refinancing.

If they come in as hoped then I believe that from Todays price you will make a decent return. Imho obviously.
I’ve lost heavily - indeed I’ve had companies delist before. Over the years we all
have been in this situation- it’s what we get for not buying ETF’s!

Fingers crossed we all make a few quid, and, importantly some Nigerians get a decent job at least, if Seven had liquidated that chance would have gone perhaps?

R.

[buffythebuffoon] 27/2/2018 12:21

Website updated. We are.

Buffy

[buffythebuffoon] 27/2/2018 12:20

Someone posted on LSE that SAVP are presenting at the Oil Capital Conference on 14th March. It’s not showing on their website, at least when I looked. Anyone else aware of this commitment?

Buffy

[lithological heterogeneities] 27/2/2018 10:26

The past is not gone.All my shares from the past at 40-42p are still showing as is my substantial loss should I now sell in the present .That's my present from the past from SAVP.

[rampair] 26/2/2018 23:55

Well, I can’t fault your work ethic Lithological.... Unfailingly you manage to find yet more ways to express your disappointment!

Looked at glass full, if the company were to find quantities of oil in Niger we now
have an income to perhaps develop that find - increasing value to shareholders- instead of finding a partner who could fund development of that field.

The other side of having taken the chance on getting the assets at a decent price in Nigeria. As a latecomer to this share from my point of view, it seems to me that my
shares, should Niger come up short will be underpinned by income, should they hit it big in Niger of course - they will have developing cash.

Either way, if you look at it like that it’s not so bad! In effect, We have hit oil/
just in Nigeria! Not to everyone’s taste, but from a cash perspective- it’s going to come in at a decent rate, bought at a good price. Isn’t that what we’re here for?
Either we get it or some other entity gets it.

Distressed sales aren’t very pleasant but we’ve got the asset now, let’s get going to 🇳🇪 Niger.

The past is gone, the stock market doesn’t take pity on us when we are in the wrong
place, you just carry on - or give up and buy a fund.

I Genuinely wish you better luck.

R.

[lithological heterogeneities] 26/2/2018 15:09

and any rise will now be 3x LESS than pre-RTO, due to the trebling of shares in issue, should SAVP strike any oil.

a pre-RTO 36p rise on an oil strike will now be worth 12p.
a pre-RTO 24p rise on an oil strike will now be worth 8p.
a pre-RTO 12p rise on an oil strike will now be worth 4p.

don't expect a great rise on a good result anymore.
that has been killed off.

[bushman1] 26/2/2018 14:53

Niger. As you're aware. Our three well programme to begin in four weeks.

[uen_investor2] 19/2/2018 15:21

Dont miss UEN, no more than 5,000 shares avaliable online.. They are already asking the full amount again to be filled

At 13m quid its hard to see a downside.

3 - 4 million shares available to the market. This on its own means there is very little available for large chunks. No warrants, no dilution

This will keep rising,

Here is why.

This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own
UEN oil sold at a PREMIUM to brent


Worth reading this over and over again..

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117

Urals remains one of the highest ranked E&P companies (4th) on the AIM market by 2P Reserves
Russian 2P Reserves volumes dominate the AIM E&P sector and continue to trade at a significant discount
to the market average
Urals generates more operating cash flow per barrel produced than its AIM listed peers
Urals 2P Reserves trade at a discount to the market and its regional Russian and FSU peer groups
Urals have continued to outperform its Russian peer group during 2017

[ifthecapfits] 15/2/2018 17:40

I lost a fortune on bpc.

[bushman1] 15/2/2018 17:34

IH, not to discuss other companies on this bb but to mention BPC have had the majors in their data room 2017 and no takers. Suggest proceed with caution but great news if they can now get a farm-in partner.

[lithological heterogeneities] 15/2/2018 15:48

BPC looks good.

Bahamas government to sign a $5 billion oil infrastructure contract on Monday with more news to come in the coming weeks and BPC in advanced talks with multiple oil companies and up to 28 billion barrels of oil.

At 1.05p BPC were £17m mkt cap. Now 1.4p.

Potential life changing opportunity if you get in before monday then wait a few weeks and they get BPC farm in news.

[trulyscrumptious] 13/2/2018 09:03

hxxp://www.malcysblog.com/2018/02/vox-markets-podcast-savannah-petroleum-pantheon-resources-eco-atlantic-oil-gas-frontera-resources-echo-energy/

Vox podcast with Malcy, 'I think it will be highly successful, very positive'.

[rampair] 12/2/2018 14:40

Excellent ( hi!)

[gersemi] 12/2/2018 13:38

2 v 4

109k v 45k

huge buy order sat at 28.50 - 490k

[rampair] 10/2/2018 13:43

Crikey, I’m normally completely wrong!

R.

[mount teide] 10/2/2018 12:40

Malcy's View - Worthy Bucket List Inclusion

Savannah Petroleum - 9 Feb 2018

A Seven Energy production update from SAVP this morning for the assets in the three months Nov-Jan which give us a first idea of the scale of the acquisition. November was 14.2 kboed, December 16.7 and January 17.2 and the February number so far is 20.7 (all net numbers) largely driven by sales to Calabar NIPP which is supported by a World Bank Partial Risk payment guarantee.

CEO Andrew Knott says that ‘this is highly encouraging for the 2018 outlook’ and it certainly seems that new Savannah is already up and running.

With the first of the three back to back wells in Niger on track to spud in Q1 and the formal completion of the Seven deal expected in April these are exciting times for SAVP and will be a worthy inclusion in the bucket list…