Savannah Petroleum Share Discussion Threads

[x54v] 12/5/2017 16:26

Will find out soon enough.

The CEO is certainly confident on prospects with 8.8% of the company to his name.

Follow the money.

[ngms27] 12/5/2017 16:19

Talk is cheap, of course a CEO is going to 'big up' his Company and it's prospects. The question is can they deliver said farmout?

The juries out.

[x54v] 12/5/2017 16:15

Slight drift over the past 3 days on light profit taking by the looks of it.

Set up nicely for a rise next week.

And of course if JV news comes in then there's always the possibility of an almighty gap up.

[lithological heterogeneities] 12/5/2017 12:47

The SAVP CEO has repeatedly said he expects to announce a farm-in prior to drilling.In a previous video he also said it would be for atleast $250m (£175m at the exchange rate of $1.41 when he said it, currently £195m). He repeated that expects this to happen as recently as March.SAVP mkt cap now £98m at 40p so has the potential to almost double before we even begin drilling on farm-in news which could,literally, land any day now.SAVP have World Class institutional backing and over 100 "material" wells to drill with a 75% chance of success, beginning shortly with an already fully funded 3 well programme and many more once the farm-in news is announced.SAVP have repeatedly stated that once they start drilling they will not stop with over 100 wells to drill.Its not surprising that they have World Class institutional backing.This is why I have been buying heavily recently. I believe this could be absolutely massive and with well after well after well after....I expect to retire with my proceeds.

[x54v] 12/5/2017 09:35

Huge volume on the most recent rise too. And much smaller volume on the decline.

[ileeman] 12/5/2017 09:08

Looks like a typical backtest, buying op.


free stock charts from uk.advfn.com

[lithological heterogeneities] 11/5/2017 10:37

my guess is between 01-30 june.they said they intend to drill in H1 , which ends on 30 june and they are attending the big Capital Investor day on 07 Jun so i expect drilling to begin in june.

[ifthecapfits] 11/5/2017 10:30

So - when do we expect the drill bit to start turning?

[maccamcd] 09/5/2017 13:52

Jessica's Hotness is causing this raise

[lithological heterogeneities] 09/5/2017 12:24

zengasthats just what i was about to say :0)good post

[trulyscrumptious] 09/5/2017 11:51

A bit from Malcy this morning. At about 3 minutes 40 secs.

hxxp://www.malcysblog.com/2017/05/vox-podcast-malcy-on-hurricane-energy-savannah-petroleum-amerisur-resources-and-trinity-exploration-and-production/

[zengas] 09/5/2017 11:23

Not too late imo.

It has taken two and a half years to get to this point and £83m cash raised buying 4 blocks and significant seismic work. I'm in since near day one.

The 3 placings were heavily backed by some top tier blue chip investors.
1) 52.3m shares @ 56p = £29.28m.
2) 61.69m shares @ 38p = £23.44m.
3) 79.835m shares @ 38p (when the share price was 23p) = £30.33m.

Earlier investor/institutions added and overall the average cost of all money raised is 43p per share compared to todays price of 41.75p.

Director option strike price to be in the money is 114p.

With 2.185 billion bls risked recoverable.
Average 17.5% Govt share (15-20% re 4 blocks) leaves 1.8 billion bls risked.
5% minority partner stake leaves 1.71 billion bls risked recoverable.

With an estimated company and analyst valuation of $4.60/b in the ground the risked recoverable 1.71 billion bls is almost $7.9 billion or just over £6 billion.

Factoring in the Chinese success rate of up to 79% attaining 975 mmbo P2 and 4 more discoveries, reported as supposedly being an additional 200 mmbls since mid last year - therefore any farm out for up to 50% and previously talked about figures of $250m is a small price to pay for drill ready acreage, multiple prospects and multiple reservoir targets per well.

If we are left post any farmout with a minimum of 50%, the risked recoverable is some £3 billion of target value for SAVP and significantly funded by farmout funds - compared to a valuation of circa £110m now.

(There may be an update/increase to above numbers post seismic interpretation).

[ifthecapfits] 09/5/2017 09:55

A bit Johnny come lately but i've taken a modest position.

[mirabeau] 09/5/2017 09:17

In profit already which is always a nice harbinger of future gains

[x54v] 09/5/2017 08:56

The chart does look good.

Continuation of a nice uptrend with the recent consolidation helping get rid of any sellers.

Another move like the prior one before the consolidation should take the price up to 50p fairly quickly.

[diversification] 09/5/2017 08:22

Bought in, chart and news flow looks positive. This seems to be off the radar

[mirabeau] 09/5/2017 08:15

Bought some

[x54v] 09/5/2017 08:13

CEO Andrew Knott certainly very incentivised to do well with 24.2 million shares to his name.

[lithological heterogeneities] 08/5/2017 17:03

08 May 2017


SAVP mentioned 32m 30s in to audio.

[lithological heterogeneities] 08/5/2017 16:43

brilliant article:

5 Reasons to Put Savannah Petroleum #SAVP on your Watchlist
February 19, 2017

[x54v] 08/5/2017 16:05

It certainly does.

Here's Zak Mir's take:

[ileeman] 08/5/2017 15:51

Started buying in as in that drill window now + JV potential.

Chart looks very bullish.


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[x54v] 08/5/2017 15:39

"The news just keeps on coming for SAVP as today sees the announcement of signed drilling contracts with the Great Wall Drilling Company for a three well programme and a further six options. All systems are go for SAVP now and with a Capital Markets Day on June 7th and a retail event to follow all we really need after that is a spud date. Andrew Knott and his team have prepared meticulously for this scenario and I am sure that the share price will rise appropriately..."