jaytee41
17 May 2018
Interesting rise Been following this for sometime - any reason for the rise or is it the MMs trying to entice people to buy
KALAN
11 May 2018
Re: NEW ARTICLE: The Oil Man: Savannah P... Not me buying Michu - the sp is being a little monkey - it was on it's way to closing the gap and has had another rally on buying enthusiasm - sitting in half way house - half in and half out as the short term is difficult to read - patience is needed as usual - this buying may be temporary. We will see - over the next month or two we could see that surge happen.
Nice to Michu
11 May 2018
Re: NEW ARTICLE: The Oil Man: Savannah Petro... Is that big buy just gone through at 32p you doing a small top up Kalan 
? If yes, no harm you doing some more small top ups in the coming hours/days !!!Ps; As others Oilers tick on up and this hasn't it's becoming a more and more compelling buy imho... Hopefully someone with deep pockets is agreeing again and again with me now. I'd love it if they announced final completion on Seven transaction this month.. That would surely help get this s/p moving on up very decently indeed.As ever DYOR
II Editor
03 May 2018
NEW ARTICLE: The Oil Man: Savannah Petroleum, Ophir Energy, Bahamas Petroleum "WTI $67.93 +68c, Brent $73.36 +23c, Diff -$5.43 -45c, NG $2.75 -5cA day of two halves yesterday, the EIA inventory data looked a bit grim at first glance with a crude draw of 6.2 million barrels being not only worse that the API number but worse ..."[link]
KALAN
23 Apr 2018
Re: Equally bewildered Those who may have bought ahead of drill results may have been caught out by the quicker than expected drill and aren't aware or think it's too late now news is out - hoping for a gradual continuation of price build as news sinks in and the Seven deal is signed off.
Nice to Michu
23 Apr 2018
Equally bewildered Good/Very good news this morning but s/p uptick so far very disappointing, but only somewhat surprising. Roll on final completion of Seven Deal asap ( hopefully after that this s/p wakes up.. it is -perhaps very after todays news- meaningfully too low now imho ) I intend adding some more here after final Seven deal completion.
Novy kluk
23 Apr 2018
Amazing!! I'm absolutely amazed at the muted response this morning to the Bushiya discovery announcement!!I'm a holder in Bluejay mining which also announced a massive resource upgrade this morning.......also with a muted response! That however was very likely already "priced in". That's quite logical.At Savannah's current depressed price level, there's no way this discovery has been priced in!!Bewildered........NK.
Novy kluk
20 Apr 2018
Surprise at lack of interest in SAVP A Post earlier today from a well known Financial Tip Sheet:Apologies to them for the ""plagiarism"!!" I'm surprised at the current lack of interest in Savannah PetroleumFriday 20 April 2018Given the rise in oil price that we’ve seen over the past week or so, and the highest levels that it has been at in quite some time, I’m a little surprised to see Savannah Petroleum (SAVP) still languishing at around the 12-month low. With a market cap of nearly £230 million it isn’t as likely to see such large movements as you get on the AIM micro caps, but it is still small enough that I would expect the higher commodity price to have had some impact, given that it produces significant amounts of oil already.It also has the first of three exploration drills at the R3 portion of its R3/R4 permit in Niger underway, with Bushiya-1 having been spudded a couple of weeks back. This drill is expected to take 35-40 days to complete and I suspect that investors have got so used to drilling failures and share price collapses as a result in recent years, that many are now avoiding these types of plays altogether.But there is plenty of upside here as the drill is targeting 36 million barrels of unrisked recoverable resources at this location, and any success across the two potential reservoirs being targeted would also help to de-risk the whole of this block, and its 1.1 billion barrels of gross risked recoverable prospective resources. Any success would then see this well suspended for further testing using a different rig, although logging will be carried out along the way.Given that this is just the first in a three well programme, with each drill costing $6-8 million, and the company having funding in place, the risk versus reward here – given sentiment towards oil in general – looks attractive to me for anyone interested in this type of play, and is probably a safer bet than some of the smaller AIM outfits that are either drilling or are about to do so.This part of the world has plenty of form for large discoveries, and the company also has its R1/R2 block with even more gross risked recoverable prospective resources – almost 1.7 billion barrels. Although still very early days in Niger, any discovery would still be big for the company as it would ultimately give it a second string to its bow, given that it already has producing assets in Nigeria from its acquisition of Seven Energy for the equivalent of $280 million, consisting of a mixture of cash, shares and assumed debt.This gave the company a 40% interest in the Uquo field, 31.875% of Stubb Creek and 20% of the Accugas pipeline, and net production for 2018 is expected to be in the region of 20,000boepd. That comes from 2P reserves of 92mmboe and 2C contingent resources of 44mmboe, and given that this equates to it having paid circa $3.1/boe, that would seem to have been a good deal given the subsequent rise in oil prices, along with many predicting even higher prices to come. It is forecast that will produce average free cash flows of $88 million per annum over the next few years, but that could be even higher as the predictions are based upon a $60/barrel oil price. The recent annual report also indicated that the company is planning to start paying an annual dividend of $12.5 million in 2019, and at the current share price that would equate to a yield of just under 4%.The transaction with Seven Energy is yet to be completed, but that is expected to happen shortly as everything is in place to allow it to happen as planned. So, given what the company is likely to have by way of production and revenue generation, and the potential upside from its exploration activity, I am surprised that it still seems to be unloved by the market at the moment.The current share price of around 27p to buy, looks to offer good value to me and a lot of that should be underpinned by the Seven Energy assets, so even taking into account the usual risks associated with an e
Nice to Michu
20 Apr 2018
Re: $4bn header pasted from another board message by mistake.. apols.. should read : Even SAVP is going up today!
Nice to Michu
20 Apr 2018
$4bn granted it takes oil now well into 70's to get this to move back above 27p ... ridiculous .. into 80's required to get it over 30p perhaps I very much hope this deal closes soon!Most all my oilers have ticked up decently/well recently - even the Amerisur doggie - but not SAVP, so far..i'm disappointed in this share to say the least.. but still feel it's best I just sit, wait and hope...
MutleyWalters1
17 Apr 2018
Re: Chart That hit the nail on the head Kalan
KALAN
12 Apr 2018
Re: Chart 100% agree - was expecting a quick surge on the drill (which was happening - it went from 30 to 40 in no time after my first purchase) and look for the next opportunity. Looks like I am committed here for far longer than I intended - but have added again now and I think the drills have been timed for after the completion - they wanted that out of the way before the excitement started.Encouraged by the CEO and his target of 68p for entitlement to his full allotment of shares. Unlike JLP where they are intent on growing the company come what may - the deal should focus the CEO on shareholder value rather than just expansion.
Nice to Michu
12 Apr 2018
Re: Chart ''On AIM honesty is a distinct barrier and leads to some of the communication problems you speak of.''Very well put and totally agree.. indeed, on reflection, Mr Colin Bird has used lack of timely updates and on top of that woolly RNS's to paper over slower progress than hoped for imho... even a Yorkshireman at it shows what a state Aim is (on average AIM is a cesspit imho.. but nobody is making any of us participate in the game and there are some big wins to be had, one way or other) Not to mind the complication of the Seven deal. since relisting this is a FAR trickier share than I envisaged. Maybe final completion of the Seven deal is required ahead of any meaningful up movement.... indeed I'd go as far saying I very much hope it completes ahead of first Niger drill results...
KALAN
11 Apr 2018
Re: Chart Good work on Lonmin - every dog has its day!The combination of a company in a good niche position and management talented enough and dedicated enough to bring it to fruition are rare. On AIM honesty is a distinct barrier and leads to some of the communication problems you speak of.Hoping SAVP can clarify the position to investors over coming months - good position with proactive management but I don't think investors really understand what has happened here (myself included).May be starting to turn the corner today?
Nice to Michu
11 Apr 2018
Re: Chart Indeed Kalan. Nigeria is a tricky country for everything not least getting final regulatory completion.. eg Lekoil - a smallish play of mine - are taking the Nigerian government to the High court for old Afren assets they have legal title to but the government is now not recognising.I have chased Lonmin down recently - keep low average and get out readily on any sort of decent bounce - and expect to be out of it completely by summer ie before SGL completes the likely takeover - dog that it is, via luck/timing it has been very good to be in fairness - and will maybe put some in JLP instead as my play in that space. But I'm already tied in with a Colin Bird vehicle in xtract, which I believe will come very good in the end, albeit more slowly than I'd hoped . And while I think he's good at getting businesses turned round I also think his attitude to shareholders could be better and his written communication skills clearer... so two CB companies in my PF might be one too many, by gum
