Savannah Petroleum Share Discussion Threads

[tsmith2] 28/8/2019 07:35

I wonder if we saw off the overhang yesterday

[bushman1] 28/8/2019 06:00

With thanks to ' Happysparrow ; on the other board.

This discovery approx 200 km west of SAVP in Nigeria.


Eni Strikes Major Gas Find In Nigeria | OilPrice.com

Agip discovers 1trn cft of gas, 60m barrels of condensates in Niger Delta | The Guardian Nigeria News - Nigeria and World News

Eni Strikes Major Gas Find In Nigeria | OilPrice.com
Italy’s Eni made a major natural gas find in the Niger Delta, with the reservoir estimated to hold about 1 trill...

Agip discovers 1trn cft of gas, 60m barrels of condensates in Niger Delta...

NAOC an affiliate of Italian oil giant, Eni, says it has discovered a significant quantity of gas and condensate...

[bushman1] 28/8/2019 05:59

With thanks to ' Happysparrow ; on the other board.

This discovery approx 200 km west of SAVP in Nigeria.


Eni Strikes Major Gas Find In Nigeria | OilPrice.com

Agip discovers 1trn cft of gas, 60m barrels of condensates in Niger Delta | The Guardian Nigeria News - Nigeria and World News

Eni Strikes Major Gas Find In Nigeria | OilPrice.com
Italy’s Eni made a major natural gas find in the Niger Delta, with the reservoir estimated to hold about 1 trill...

Agip discovers 1trn cft of gas, 60m barrels of condensates in Niger Delta...

NAOC an affiliate of Italian oil giant, Eni, says it has discovered a significant quantity of gas and condensate...

[bushman1] 27/8/2019 20:24

'' Materially undervalued: As outlined in the table on the following page, we value Savannah at a Total NAV of 92p/shr, comprising Core NAV of 56p/shr (2P reserves in Nigeria adjusted for net debt and other corporate items), Core plus development (effectively 2P+2C resources) at 75p/shr, and exploration NAV (unexplored acreage in Niger) at a further 17p/shr.

On this basis, we estimate some 320% upside from Savannah’s current 21.2p/shr share price to our unchanged Target price of 89p/shr.''

[bushman1] 27/8/2019 20:23

'' Materially undervalued: As outlined in the table on the following page, we value Savannah at a Total NAV of 92p/shr, comprising Core NAV of 56p/shr (2P reserves in Nigeria adjusted for net debt and other corporate items), Core plus development (effectively 2P+2C resources) at 75p/shr, and exploration NAV (unexplored acreage in Niger) at a further 17p/shr.

On this basis, we estimate some 320% upside from Savannah’s current 21.2p/shr share price to our unchanged Target price of 89p/shr.''

[tsmith2] 27/8/2019 20:04

https://www.savannah-petroleum.com/downloads/Mirabaud%2027.8.19.pdf

[tsmith2] 27/8/2019 17:05

1m shifted at 22.97

[divmad] 27/8/2019 16:00

Anyone got a view on Sle whilst we're talking about Nigerian investment potential?

[tsmith2] 27/8/2019 15:52

not affecting bid. Let's see

[tsmith2] 27/8/2019 15:51

Another 400k and then 373k

[tsmith2] 27/8/2019 15:51

the fact that sells are being worked - more reported

[honestmarty] 27/8/2019 15:50

Staring at the trades will drive you mad.

89p target very sensible here.

Just wait on the RNS updates.

I'll happily sell all mine for 250p each.

I'm not greedy.

[mount teide] 27/8/2019 15:49

tens - 'after filling my boots at 12p levels'

Yes, my wife has since described a similar move at that level to massively average down our holding as "outrageous good fortune" - rather than the "well researched prescient investing" I preferred to call it!

[sunbed44] 27/8/2019 15:46

what makes you think nearly done

[tsmith2] 27/8/2019 15:40

400k, 100k and 500k reported

[tsmith2] 27/8/2019 15:39

a dumper at 23p has appeared today. think nearly done

[tsmith2] 27/8/2019 15:38

each time offer drop - whoosh, buys come in. :)

[tens machine] 27/8/2019 15:06

after filling my boots at 12p levels, i am absolutely not selling these... this is the very start of the journey to a mid cap producer.
nigeria has been battered in recent years and i get the feeling the worm is turning for the country , i see rapid growth in this reinvigorated emerging market

[sunbed44] 27/8/2019 14:47

mr roper agree looks like trader selling into strength

[mr roper] 27/8/2019 14:40

Good to see the 600k being taken in a rising trend. Bodes well

[sunbed44] 27/8/2019 14:35

bigger booooo six hundred k just sold at twenty three be hard to rise much more today now me thinks but never say never