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Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Petroleum Plc LSE:SAVP London Ordinary Share GB00BP41S218 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 8.90 8.16 8.98 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -19.3 -2.4 - 78

Savannah Petroleum Share Discussion Threads

Showing 6151 to 6172 of 6475 messages
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DateSubjectAuthorDiscuss
21/1/2020
11:12
Is this the next Afren?
mr roper
21/1/2020
10:16
Ask them, I did.
stockport loser
21/1/2020
10:08
Do they know more now than they did when they stumped up 28p last January, 35p the year before and was it 58p originally?!
plentymorefish
21/1/2020
10:07
News required before it heads back to 15p , great buying opportunity for sure !
jotoha2
21/1/2020
10:04
They know a lot more than you and I.
stockport loser
21/1/2020
10:03
They know little more than you and I , the share price is reflecting what is going on here , which is not a lot !
jotoha2
21/1/2020
09:46
Why don't you ask the iis who just spent up on another 57m shares.
stockport loser
21/1/2020
08:25
ngms27 , do you belief the cash is really coming ?
jotoha2
20/1/2020
21:28
Watch the ACTUAL FCF figures in the coming months versus the 'touted' numbers.....there's only one reason you hold onto what was supposed to be a 'short term loan' taken 'exclusively' (cough) for working capital whilst they awaited $74,000,000 that was due on completion of the 7e deal.....the conclusion can ONLY be that the fcf numbers have been overly optimistic and/or will never get to the 'bottom line'....what other reason could they need for the £5,000,000 (which has further diluted shareholders) for with so much cash coming in?!
plentymorefish
20/1/2020
21:12
Cheap paper for every bill they get doesn’t fill me with confidence when they’re supposed to be building a big machine
mr roper
20/1/2020
20:56
A side effect of issuing shares now is that it allows a tidy amount of equity to be picked up cheaply without moving the share price (judging by what happened on Friday). Handy if there are favours to be returned.
haideralifool
20/1/2020
19:57
Divmad, greetings. This per the article of todays' date : January 20 th 2020 ( links provided ) Energy-Mix-New-Logo HOME AFRICAN NEWS OIL & GAS ALTERNATIVE ENERGY POWER FEATURES ARTICLES Home » Oil & Gas AIIM acquires minority interests in Savannah Petroleum’s Nigerian gas assets Jan 20, 2020 African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria majority-owned by Savannah Petroleum Plc. This comprises a 20% stake in Seven Uquo Gas Limited, the entity that holds a 40% participating interest and a 100% gas economic interest in the Uquo gas field located in South-East Nigeria and a further 20% stake in Accugas, the integrated processing and distribution infrastructure for Uquo gas. https://oglinks.news/nigeria/news/aiim-acquires-gas-assets-in-a-petroleum-company-in https://www.energymixreport.com/aiim-acquires-minority-interests-in-savannah-petroleums-nigerian-gas-assets/
bushman1
20/1/2020
19:54
It's known news, this is all coming from the summit taking place, so it's all good exposure.
stockport loser
20/1/2020
19:32
Yep - old news
4mrb
20/1/2020
18:47
Isn't this old news?
divmad
20/1/2020
18:46
AIIM update an absolute positive. With the Niger CPR following hopefully in the very near future, no reason not to see the share price back up above 30 p over the next few weeks onwards .
bushman1
20/1/2020
18:45
“ AIIM invested $54 million of equity into the transaction through its flagship pan-African infrastructure fund” So where’s all the money gone Andrew? Do you really need to issue more shares to keep hold of a tiny $5m short term loan??
nen2319
20/1/2020
18:20
The empires not big enough. Let's do this again and get the share price below 10p
ngms27
20/1/2020
18:19
'' AIIM acquires minority interests in Savannah Petroleum’s Nigerian gas assets Jan 20, 2020 African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria majority-owned by Savannah Petroleum Plc. This comprises a 20% stake in Seven Uquo Gas Limited, the entity that holds a 40% participating interest and a 100% gas economic interest in the Uquo gas field located in South-East Nigeria and a further 20% stake in Accugas, the integrated processing and distribution infrastructure for Uquo gas. AIIM purchased the interests from Savannah Petroleum Plc, which owns the remaining 80% of each company. AIIM invested $54 million of equity into the transaction through its flagship pan-African infrastructure fund, AIIF3. Accugas has a 200 mmscf/d gas processing capacity plant and a pipeline network of over 250km. The investments will enable the company to continue to support critical power plants that generate more than 10% of Nigeria’s on-grid power supply as well as other leading industrial offtakers. AIIM’s West African Director Olusola Lawson, said: “This deal firmly supports AIIF3’s investment strategy, which targets significant influence investments across the power, transport and midstream energy sectors – three focus verticals across sub-Saharan Africa where AIIM sees the greatest disconnect between the demand for critical infrastructure and available capital for these projects.” Investment and strategy are key topics at the African Utility Week and POWERGEN Africa conference. Click here to register to attend or for more information about the event. Lawson continued: “In Nigeria, estimated peak energy demand is estimated to be over 20,000MW, but this is only met with less than 5,000MW of peak supply. This highlights the power demand gap on the national grid, which is partially due to the unavailability of gas to some of the existing generation plants. AIIM’s investments will help to bridge this gap, creating positive impact outcomes for businesses, communities and individuals on the ground.” Andrew Knott, CEO of Savannah Petroleum, said: “We are very pleased to be working with AIIM, as they have an impressive track record in the African power sector. The gas to power sector in West Africa is primed for considerable growth over the coming years, so we believe that both Accugas and Uquo offer investors exposure to a fast-growing economy in need of additional power supplies. Both AIIM and Savannah are fully aligned and remain focused on delivering sizeable growth and cash flows at these high margin assets.” AIIM acquires minority interests in Savannah Petroleum’s Nigerian gas assets AIIM acquires minority interests in Savannah Petroleum’s Nigerian gas as... African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria major...'' PLEASE DYOR.
bushman1
18/1/2020
12:43
Many thanks Zengas. Cash is always king as the old saying goes, especially when so much is yet to be accomplished.
bushman1
18/1/2020
10:24
Retaining the cash will at least make sure the CEO continues to keep his nose in the huge salary trough
mr roper
18/1/2020
10:00
I said a while back Savp could issue the shares simply because they have a lot of work to get on with and in a meaningful way. Reasons - They have a 2 x $5m tranche = $10m available. Why pay off the first one in cash when you could do this in shares and retain the cash and make use of the 2nd tranche later on and choose to pay it off in cash. My reasons for them keeping the cash (at least the 1st $5m tranche) - Build up a sufficient cash pile and start the Niger drilling campaign/1st oil. How long are they really prepared to hold off for a partner ? We know they got something like $74m cash inflow. (any deal outflow costs ?) $15m cash on the books of the assets year end 2019. $103m forecast cash this year from Nigeria (before new customers). $50m facility from the oil trading group (1st tranche available is $20m). There's a work programme to conduct this H1 for Nigeria so not sure if that's from the $103m cashflow or that cashflow is net after all expenditure. I think they said it was circa a net $10m to first oil in Niger re the EPS via truck. New drilling and seismic campaign in Niger. Savp could perhaps see the short term funding as better in the bank to bolster its coffers with or without a Niger partner. A share price of 25p/50p/100p on 994m shares reduces to 24.5p/49p/98p with an extra 20m shares issued. That's how they could view it as a small price to pay to keep this $5m, use the 2nd $5m tranche in due course but repay the 2nd one. I could be wrong, but that's been my thinking this last number of months.
zengas
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