Savannah Petroleum Share Discussion Threads

[buffythebuffoon] 15/3/2020 11:06

hxxps://www.legit.ng/1311459-opinion-the-nigerian-local-content-act-curious-case-seven-energy-by-hassan-abubakar.html

Specially for you Ngms/JonnyT.

Buffy

[ifthecapfits] 13/3/2020 11:54

So very nearly considerably averaged down yesterday at 7p. oh well. may get another chance.

[stockport loser] 12/3/2020 19:15

but you are no longer a shareholder so foxtrot oscar

[swindon41] 12/3/2020 17:17

Am shocked at how low this has sunk.......and why on earth has the CEO hidden instead of updating the market on cash position, payments received, and contingency plans if debts can't be serviced. I sold out and remain "out" and am deeply unhappy with lack of care and transparency shown by CEO. I felt best to exit albeit at a large loss, due to incompetent CEO and complete lack of trust in him. By the way, where are the CEO share purchases, where is the readmission document and why was the"immaterial" short term loan even remotely necessary if Nigerian Govt has never missed a payment once invoiced by SAVP? Niger now on back burner, Government coffers in Nigeria looking rather shaky, where does this leave SAVP shareholders or will the bondholders end up shafting equity like GKP etc etc? Shareholders need answers.

[plentymorefish] 12/3/2020 15:14

Aye, where has sunbed gone?!…..really worried for him, great bloke....

[divmad] 12/3/2020 15:12

Still no news from the big man himself.

[swindon41] 12/3/2020 14:06

Am shocked at how low this has sunk.......and why on earth has the CEO hidden instead of updating the market on cash position, payments received, and contingency plans if debts can't be serviced. I sold out at 11p but am deeply unhappy with lack of care and transparency shown by CEO, as I felt I had to exit at a large loss, due to incompetent CEO and complete lack of trust in him. By the way, where are the CEO share purchases, where is the readmission document and why was the"immaterial" short term loan even remotely necessary if Nigerian Govt has never missed a payment once invoiced by SAVP? Niger now on back burner, Government coffers in Nigeria looking rather shaky, where does this leave SAVP shareholders or will the bondholders end up shafting equity like GKP etc etc? Shareholders need answers.

[ifthecapfits] 08/3/2020 11:32

Jeez. Who would have thought falling so low.

[stockport loser] 07/3/2020 10:17

or Hayley Cropper...

[barnes4] 07/3/2020 09:26

Are you Kirkie off corrie

[chopsy] 07/3/2020 09:23

Could someone kindly explain a bit about this RNS?

[kirkuk] 06/3/2020 17:46

A few insiders obviously aware of the RNS
before the close. As usual.

[plentymorefish] 06/3/2020 12:33

All support gone....where next eh?!….worth the wait my ar*e....

[bushman1] 27/2/2020 07:23

Unless as the Head of SAVP, IR the trip was on business with meetings being held in either Niger or Nigeria or both. If this was the case, we could then expect an RNS.

[buffythebuffoon] 27/2/2020 07:10

You aren’t going to get an RNS just because someone in IR returns from a holiday.

Unless she’s been to Lombardy or certain parts of China perhaps, and then popped in to visit SAVP operational staff.

Buffy

[bushman1] 27/2/2020 07:07

If of any interest, Sally Marshak, heading up IR whilst Jessica is away on maternity leave has again been travelling, returns to the office today. I hope once again, some Niger information of substance finally makes its way from the SAVP IR office into an RNS either tomorrow morning or on Monday.

[divmad] 25/2/2020 05:41

14 day quarantine of Chinese workers in Niger required? Then sorted.

[4mrb] 24/2/2020 22:35

Coronavirus Grinds African Pipeline Construction to a Halt. Only a month after it received the required construction permit from Niger’s government, the Chinese CNODC (a JV of CNPC and Petrochina, NYSE:PTR) was forced to stop the construction of the Niger-Benin pipeline, expected to be commissioned in early 2022, for fear of coronavirus spreading amongst the staff as it could not guarantee that newly-arriving specialists from China would not be carrying the virus into Western Africa.

hxxps://oilprice.com/Energy/Energy-General/Oil-Prices-Fall-As-OPEC-Refuses-To-Act.html

[andyforster1] 23/2/2020 06:45

The traders are 100% looking for the gap close at 12.7p for an entry. SAVP trades with a huge spread and the amount of money looking for that entry means orders are placed in the 13.5p and the gap will still close. I have many orders placed between here and 12.5p to catch as much stock as I can but I've a hefty holding because the fundamentals will takeover at some point, that could be Monday or in 3 weeks but I don't wanna be out for the sake of 10-15%

[mr roper] 22/2/2020 19:08

It’ll close the gap on the chart before any upturn imho

[bushman1] 22/2/2020 18:12

Sally Marshak, in charge of IR SAVP whilst Jessica is away on maternity leave, has been out of the office and returning this coming Monday. One can only hope an RNS on Niger will follow shortly thereafter.

[andyforster1] 22/2/2020 17:53

The volume since the transaction leaves me to think that their can't be much left and when it turns, it will turn fast. I imagine theirs a lot of money waiting for 13 on the ask but you run a risk of farm out news landing and it doing 100% or more. I'm happy with the downside risk from here so happy to accumulate

[divmad] 22/2/2020 17:31

I wonder what would happen if SAVp entered into a share buyback facility for a limited time, in amount equal to the perceived remaining amount of bond holders shares, with some of the cash flow currently being generated in the Nigerian asset.

[andyforster1] 22/2/2020 11:05

Bond holders tells broker "Just sell into liquidity". Pi's sell, the price goes down, buyers step in, create liquidity and then the bond holders broker is mandated to sell into said liquidity. It's self fulfilling UNTIL IT ISNT

[andyforster1] 22/2/2020 10:44

This is why I've been buying over the last 2-3 weeks. Fear of a huge short position (Pi's sell). Fear of Institutional selling (Pi's sell) Fear of somebody knowing something (Pi's sell). The reality is very different. Savannah the parent company is sitting on roughly £40M in cash, Savannah Nigeria is sitting on £11M cash whilst producing £8M a month in free cash flow. The company added a new customer 3 weeks ago and stated everything is on track to fully contract the CPF by the end of 2020. The team is actively trying to renegotiate the debt package which in turn tells me they are getting paid. In an interview on the 31st January the CEO said they expect to introduce a partner, start an early production facility and continue exploration drilling in Niger. The company is now in a strong position in terms of farm out negotiations but are unlikely to update the market until the outcome is known. Likewise if a JV wasn't on the table I'd have expected a strategy update by now. SAVP investors have got themselves in a right tizzy the last few weeks. From my observations the seller is happy to churn on daily volumes but Pi's selling is driving it down. Institutions have been happy to add to holdings at higher prices and they have far better access than many here. Seems to me like opportunity knocks and I'm happy to accumulate more until I see reason that the story has changed.