Savannah Petroleum Share Discussion Threads

[bushman1] 27/1/2020 21:06

So mate, whilst we would all love to see a much better price, do give it a rest criticising MT. You might be in relaxed positionbut there's many of we smaller investors who aren't, having held on to the last few days.

[honestmarty] 27/1/2020 18:15

AK better not conjure up an RNS before I take a bite.

Market hysteria driving everything down.

Thinning the herd by 2-3% is probably what the welfare state that is Western Europe needs.

[mr roper] 27/1/2020 18:03

Think there's a gap around 12-13p.

[jotoha2] 27/1/2020 17:53

In two days it should be 15p , nice !

[honestmarty] 26/1/2020 23:22

Poor MT.

Yet another eternal ramper bites the dust.

If it wasn't for his wonderful investment skills

he might even have lost money. Barely believable?

Pompous punters throwing in the towel, stops being hit.....

Probably explains the relentless drip, drip

Starting to look attractive for a short-term trade.

I'm 're.. viewing, the situ..ation....

[zengas] 26/1/2020 12:43

Hasn't moved as fast as we like but i still view the investment as compelling. I actually think some investors understand the simpler form of just investing in a pure exploration company such as the Niger assets - ie find lots of oil, increase the value and sell on to a bigger player and i think this is one of the main drags on the performance of the share price for the company as Niger progress has been slow.

I remain firmly convinced that this is a big company in the making and that means studying all the elements and strands of the business.

If we were just an oil/gas explorer - that's one thing.
But also a significant gas producer (and oil producer in the making).

Accugas - an opportunity as big in sales/revenue as to being just an explorer/producer.

Calabar Cross River state - 561 MW power station. 5 gas turbines of 25-30 mmcf/d each. 125 - 150 mmcf/d (20,800 - 25,000 boepd).

Alaoji Ibom state - 450 MW (currently avaialbile) power station. 4 gas turbines of 25-30 mmcf/d each. 100-120 mmcf/d (16,600 - 20,000 boepd).
Alaoji design cpacity is 1,074 MW so in effect a future full potential with additional turbines installed would mean an additional potential supply requirement of 23,000 - 27,500 boepd in addtion to above.

That is down the road but with 25,000 MW planned - Siemens apparently supported by the German government is to help build a 1350 MW p/station at Abuja, 1350 MW at Kaduna, 1350 MW at Kano and 450 MW at Lagos. The shortfall to 25,000 MW will be made up from upgrading existing stations and building new smaller stations with investment funding.

It's clear that existing power stations also have to be upgraded if they are to deliver. Siemens aren't only involved with new power stations but entire infrastructure from lines, sub-stations to metering etc.

We also supply Ibom Power as well as the Unicem cement plant on long term contracts.

In the Accugas element -Through it's existing customers Savp could more than double or triple it's production over time and this i beleive is why AAIM have been a significant direct investor. We have key infrastructure. That's a big buisness oppportunity solely for the Accugas side that we own (80%).

Additional gas and oil field opportunities down the road to grow reserves/production.

If we were just an oil/gas explorer - that's one thing.
But also a significant gas producer (and oil producer in the making).
Accugas - an opportunity as big in sales/revenue as to being just a stand alone explorer/producer.

[langland] 24/1/2020 14:52

From a technical perspective this looks as though it either has bottomed or will do on Monday in very high 16s.

[stockport loser] 24/1/2020 11:16

The JV partner was scheduled for H1 2020, its January....

[nametrade] 24/1/2020 09:10

Bushman, I think that is wishful thinking rather than anything with any substance after all this time.

[bushman1] 24/1/2020 04:52

Yesterday, a few small sells countered by several large buys. Overhang yet to be fully cleared, IMO Niger farm-in partner DD being carried out hence the wait for the RNS. ( PLease DYOR )

[divmad] 24/1/2020 04:35

Well there's something material that's been happening here in the last week to cause a 20% share price drop, and it ain't good news. Problem is we PIs will be the last to find out.

[jotoha2] 23/1/2020 13:28

Getting close to buying price , ready steady ............

[nametrade] 23/1/2020 08:56

Did you remind them of the illusive new gas contract?
also that the proof will be in the pudding re FCF and debt paydown..
market will be looking for signs of this.

edit, thank you for the info though.
regards.

[mr roper] 23/1/2020 08:53

Riverfort are basically an institutional wonga though aren't they.

Sounds like the co are saying nothing to see here move along.

[gmr64] 23/1/2020 08:46

Spoken to the company. They have pointed out that the Riverfort facility is not material in the context of the group (ie around 1 percent of group debt) and therefore is not something they are required/should be commenting on individually via RNS. However, they have also reminded me of the USD74m cash inflow on close of the transaction, the significant cashflow generation and debt paydown indicated via RNS in December and that were the company to issue equity it would be required to RNS this.

In other words the company is saying the loan is immaterial now post deal and Riverfort are not shorting stock.

[jotoha2] 22/1/2020 16:21

Its all down to the BOD , they really are a bunch of bad boys.

[honestmarty] 22/1/2020 14:44

Thanks nen.

I can feel the love and respect.

[nen2319] 22/1/2020 14:32

HonestMarty. The only reason I read this board. Quality!

[westmoreland lad] 22/1/2020 14:27

Well said Bushman !

[bushman1] 22/1/2020 14:26

As of yesterday, the Foreign Ministers of both India and China were in Niamey, for further detail do please read the posts by Agadem on LSE.

[bushman1] 22/1/2020 14:21

These sell trades today I suggest are really based on nothing of any substance. We can expect an update with the Niger CPR currently being processed and other details in due course. Hugely frustrating but ' good will ' owt '.