Savannah Petroleum Share Discussion Threads

[nen2319] 10/1/2020 14:33

I’ve also sent The questions to SAVP and pressed them to fully answer them. I would ask everyone on here to do the same. It’s about time SAVP get the bloody message!

[stockport loser] 10/1/2020 14:04

There's a magnet around 21p.

[mount teide] 09/1/2020 17:17

bushman1 - he's included the questions I would like answers to - will be interesting to see what comes back.

[stockport loser] 09/1/2020 13:10

To be fair, below 30p is just catching up on fundamentals

[mr roper] 09/1/2020 12:14

Something happening here, what it is...ain't exactly clear

[stockport loser] 09/1/2020 09:50

That's some buying.

[divmad] 08/1/2020 15:02

Frankly, we've had so many false dawns with news that would be transformational for savp that now it would take a truly phantasmagorical RNS to get the share price out of its ongoing doldrums.

[mount teide] 08/1/2020 14:40

We're well overdue some business development news and action on the ground in both Nigeria and Niger - the market is now in week 8 post Completion of the Seven Energy Transaction and to date has seen just a Trading and Operations Update in early December.

For a management (that is circa 50% underwater with their personal company investments and way underwater with their share options), to state that a comprehensive business development plan is prepared and ready to go on completion of the Seven Energy deal, they have been remarkably slow off the mark proving it to the market!

[stockport loser] 08/1/2020 13:54

Or get totally AFR'd up the....

[nen2319] 08/1/2020 13:22

Let's just hope we don't get our ARS handed to us.

Or get the SXX kicked out of us!

[divmad] 08/1/2020 03:09

Let's just hope we don't get our ARS handed to us.

[mount teide] 07/1/2020 12:30

Added materially this week - risk/reward looks highly compelling over an 18 month view with all the pieces of the jigsaw finally in place.

[zengas] 07/1/2020 10:43

From AEI. Interest in Savp's Niger blocks from a SA Junior on any future relinquishment.

7-1-20
Dig Oil wants Savannah Petroleum's relinquished zones

The South African group is sparing no expenses to push through with its entry into the Sahel region.
According to sources within the Nigerien ministry of petroleum, a Dig Oil board member, Congolese national Alphonse Kisolokele, quietly travelled to Niamey in November to meet with the minister of petroleum Pierre Fumakoye Gado and his powerful director of hydrocarbons Adolphe Gbaguidi.

Kisolokele wanted to get the ball rolling on discussions about the future relinquished zones of blocks R1, R2, R3, R4, currently operated by Savannah Petroleum. China's CNPC, operator of the giant Agadem zone, previously held these four areas. The Dig Oil board member also spoke of Grein and Taffassasset, two blocks that sit near the Algerian border across from the Kufra block operated by Algerian's national oil company Sonatrach. He also raised the idea with the Nigerien ministry officials of a visit from Dig Oil's South African boss Andrea Brown in 2020.

Dig Oil's focus has largely been on block 3 in eastern DRC and three permits in the Central Cuvette basin, blocks 8, 22 and 23. For nearly a year now, it has been negotiating terms for Kinshasa to pay a $600 million fine ruled by the International Chamber of Commerce (ICC) in Paris. The harsh sentence came as a result of the company having to wait more than 10 years for a presidential decree to be able to operate its Cuvette blocks. The hefty fine is also to compensate the fact that Dig Oil never managed to get its hands on Lake Albert block 1 for which it had signed a production sharing contract in 2007. While the junior is not riding much hope on ever seeing the fine paid, it is trying to find a means with the new president Félix Tshisekedi and his teams to compensate the loss with other permits.

Dig Oil has already ventured further afield in Africa, having owned a block in Central African Republic since 2012 and been in talks for another asset in Congo since 2014

[bushman1] 07/1/2020 03:08

Please note Agadem's below post from the other forum.

If anyone has a question for Jessica, please pen a message to him accordingly before Friday :

'' Z - Re your initial post on this thread. Personally, I’ll be very disappointed if we use shares to pay back the 1st drawdown of $5m + $350k interest = $5.35m.

I guess they may use shares but why would they. I completely get your numbers etc but with the cash we have, I firmly believe we should pay it back and not dilute for the settlement of this loan. I also see no need to use the 2nd drawdown and waste more cash by paying another $350k of interest.

With $54m in the bank, minus costs and tax etc, another $20m on the way and $10m pcm of FCF, we’ve no need to dilute. At $5m per well, we have plenty of cash to go at to drill quite a few should we go it alone, especially when we monetise EPS from Amdigh in the near future too.

Added to that, I don’t think we’ll go it alone and I believe we will introduce a partner in H1 and hopefully in Q1. We can then use the cash injection from partner, FCF from Nigeria and monetisation from Amdigh to pay debt down and also pay our $800k pcm to run the company.

If we do use shares to pay back the $5.35m, it will give me serious concerns about the forecast incomes from Nigeria as I see no other reason to use shares unless we have grave revenue implications.

My other worry is that II’s, albeit they invest for the long term, could well be getting itchy feet here. They will only hang around for so long before taking a hit on their investments and moving on. It would only take 1 or 2 of our long term II holders to sell now and the share price would come under serious downward pressure.

I’ll be calling or writing to Jessica on Friday, so if any people have any questions, please post on here and I’ll add to my list.

I’ll post my questions and Jessica’s answers on here for all to see.

GLA but we need good news here and we need it soon. ''

[buffythebuffoon] 06/1/2020 21:42

So given you think the 'Seven deal' is earnings enhancing, and you believe the prodigious cashflows to come, it’s not logical to say AK is empire building. I rest my case m’lud.

[ngms27] 06/1/2020 15:29

In a word no.

[buffythebuffoon] 06/1/2020 14:39

No, you are not an idiot, but I think you are being somewhat disingenuous.

Sure, at any one moment in time, the share price is all that matters, but investors are, or at least, should be, forward looking. I'll agree that on AIM, in particular, the market is less forward looking than previously, but looking at those cash flows do you really contend that the market reflects the value of the company?

Even if there wasn't a firm grasp on the control of the company by the board's and friendly institutions' holdings, the slightest whiff of a bid would see the share price rocket.

We've talked to death about the multi-bagger we'd quite probably have got if we had stuck with just the Niger assets, but don't forget that we didn't have the funding in place at the time.

Be honest, do you think the 'Seven deal' isn't earnings enhancing? Do you not believe the prodigious cashflows to come?

Buffy

[ngms27] 06/1/2020 14:35

Rust needs water so is it really desert ;)

[honestmarty] 06/1/2020 14:31

2 big concerns.

Failure to advance Niger - 5 rusty pipes sticking up out of the desert.

Rolling back on the 12.5 million in dividends.


Addressing both of these issues would drastically improve sentiment.

Gingenstein trundles on towards Jerusalem

[nen2319] 06/1/2020 13:59

Well he’s built his empire now. Let’s see if he pays the $5m loan back in shares or cash.

[ngms27] 06/1/2020 13:55

I don't call 3 years short term personally.

[breezer_42] 06/1/2020 13:43

Only if you have to sell them or are otherwise focused on the short term I'd have thought?

Clearly there will be different views from different sorts of investors so I can't claim to be "right", but in my view value is intrinsic to the business, and is not impacted by what people are willing to pay for it.

[ngms27] 06/1/2020 13:34

If you hold shares it absolutely is.

[breezer_42] 06/1/2020 13:30

Price isn't the same as value...

[ngms27] 06/1/2020 12:35

Well I'm an idiot then as in 3 years he has destroyed shareholder value.