Savannah Petroleum Share Discussion Threads

[parisv] 21/3/2018 12:35

it's a rollover

[honestmarty] 20/3/2018 14:59

No it was positive, let us hope it remains so.

[buffythebuffoon] 20/3/2018 14:50

So the production news was negative was it?

Buffy

[honestmarty] 20/3/2018 11:45

Finally a bit of sanity returns

Now for some spudding news

Followed by something POSITIVE out of Nigeria

[lithological heterogeneities] 20/3/2018 07:07

31.25p + 37.5p (+/- 33%).:0)

[missjojo] 19/3/2018 23:13

I am hoping for 50p + for starters this could easily double on the good news.

[ifthecapfits] 19/3/2018 15:21

We should get a little boost on spud.

I'm going for 31p & 37p

fingers xxd.

[rampair] 19/3/2018 14:49

Really not following usual patten very strange, but, we mustn’t forget that
there’s a large amount of people involved
in this whole shenanigans. Not everyone
has the patience of Lithological Heterogeneity:-)

[honestmarty] 19/3/2018 14:47

Wish list. 35p then 40p

In reality, 29p, 32p

[ifthecapfits] 19/3/2018 14:46

So lets have a bit of fun.

What share price on Spud?
What share price on completion RNS?

place your bets.

[honestmarty] 19/3/2018 14:37

I must confess to my immense disappointment here.

The market can be irrational at times, but it usually isn’t.

Very worrying that there is no interest in this share.

Despite AK and his golden slide rule, buying into Nigeria has been an unmitigated disaster for the share price

[honestmarty] 19/3/2018 14:32

A sea of blue, another big buy

And nothing.

[bushman1] 15/3/2018 11:11

Having watched / listened to the interview a few times, although initially dubious about the Seven Energy tie up it does I suggest make commercial sense plus we have financing for Niger + 3 wells which is why I bought into SAVP in November 2016. Andrew Knott comes across as a shrewd, canny, CEO. I'm happier today than I have been for months. It looks as though finally, we now have a lucrative year ahead.

[paleje] 15/3/2018 10:54

Thanks ttt.

AK still not the best interviewee but he doesn't seem full of bs either, I think I prefer it that way.

[thomasthetank1] 15/3/2018 09:53

All - thought you might like to see an interview with Andrew Knott, CEO of Savannah Petroleum, on Core Finance.

hxxp://www.malcysblog.com/2018/03/core-finance-ceo-interview-andrew-knott-of-savannah-petroleum/

[zengas] 15/3/2018 08:59

Further acquisitions are going to happen imo and this company will become a very large player. Imo the 7e asset acquisition and institutional backing is going to be a significant deal to leverage off.

For $280m consisting of $50m cash, $145m paid in equity and $85m of debt - This bought 92 mmboe P2, 41 mmboe 2C and potentially 100 mmboe exploration upside with 14,000 boepd and a 20% carried interest in the Accugas gas business.

They've now increased production to nearly 21,000 boepd with it set to increase to 30,000 boepd in the next year. That will throw off a significant amount of cash.

AK when asked about newsflow in addition to the Niger drilling newsflow "There are a variety of opportunities which the business can internally deal with in terms of financing which can bolt on"

The presentation also said "significant inorganic activity" ie acquisitions.

We now have significant financial backing and reserves/production.

Realistically the company could pick up further distressed assets and possibly double it's reserves, production and perhaps it's cash flow in the process all at a time when we have full interest in Niger and where increased cash flow would really ramp up drilling there in the event of success from this current drill programme.

[ifthecapfits] 13/3/2018 11:57

Yey - yes it is.

I cant decide whether to buy a few more or not. Got a reasonable chunk (for me) already but we do seem very cheap with whats potentially in Niger.

[ifthecapfits] 13/3/2018 11:35

Boo - no its not.

[ifthecapfits] 13/3/2018 10:46

Yey - over 30p.

[fillipe] 13/3/2018 10:15

Good to see now over the 30p mark with the ask at 31p and 30.90p paid.

Bid/Ask totals in the right direction - 123k v 93k.

f