Nice to Michu
12 Mar 2018
Re: Drilling campaign about to start - At la... And the share price is barely up on this RNS's .. disappointing but I'm still hopeful it will move meaningfully on up soon enough.. but I'd also offer, very ironically, that if this stock had stayed a niger explorer only, not only would it be generally a higher price now but it would have rallied nicely on such an rns too .. all imho.. that said, this has every chance of rerating soon imho..
Novy kluk
12 Mar 2018
Drilling campaign about to start - At last!! At last!!!The Niger drilling campaign is about to start! Selected extracts from today's RNS here:"The construction of the Bushiya well pad, the first well in the Company's campaign, has been completed. The well site is now fully manned and operational, with over 100 personnel on site, including Great Wall Drilling Company Niger SARL rig crew and Savannah drilling supervisors.Rig GWDC 215 is on location at Bushiya, with preparations for spud underway. Drilling continues to be on track to commence by the end of March 2018. A selection of photographs of Savannah's operations at Bushiya has been uploaded to the Company's website at [link] preparation for the rest of the drilling campaign, well pad construction for the second well, Amdigh, is over twenty per cent. progressed. Civil work operations at the site are expected to be complete by the end of March 2018, at which point the Company's contractors will commence work at the Kunama site. Further updates will be provided in due course.Each prospect is anticipated to take c.30-35 days to drill, and there will be a rig move of c.10-15 days between each well. Throughout the drilling, the Company plans to log prospective sections, with further logging as required for hydrocarbon bearing sections. Wells will be suspended in the success case for re-entry and further evaluation, which would include well testing and completion using a smaller, cheaper and dedicated testing or work-over rig."GLTA NK
Nice to Michu
06 Mar 2018
Re: I expect this to be on Malcays bucke... Towards more balance Geodude I note that the bucket list concept by Malcay is only 2 years old and the first year it was up 160+ %. Granted last year - the second - it was down about 5% in total (note in his feedback on it recently he did himself a small dis-service as Ithaca was on it and its performance was not counted / elaborated on by him as it was taken over early in year, but it was up approx. 20% on that 'year so far to takeover' based on the offer that was accepted.. also Bowleven - the other in 2017 list - list was not counted/ elaborated on by him as turned into a shell co.by raiders and that was about even on the year)Also Malcays worth is far greater than the bucket list as he covers maybe, at a guess somewhere between 50 and 100 O&G stocks on his regular updates...and offers plenty of non bucket list 'likes' that do well, and a fair few that don't too, in fairness .. but I follow him very closely and have done well off the back of this in the last two years and will happily give you two that he 'likes' and have done well in that time for every one that he likes that you list that havent a la GKP..Finally, I note that the reason many of his small caps new bucket list entries this year have not bounced well on inclusion is probably because he had a 'bad' year last year and so I accept that his currency is currently lower than it was a year ago.. but if his bucket list has a good year this year that will change again .. and my bet is it will..Ps; I was disappointed that his bucket list was a month late this year without explanation why.. my guess on lateness was he could not believe that oil could average $65 + in the first two months of 2018 and his bucket list names not tick back up at least somewhat in that window.. to both his and my amazement they didn't and indeed plenty actually ticked down in that window - and not just in his bucket list but many outside it too - which amazed me as much as, I expect, it did him. He went down in my estimation for being that month late without reason btw
Geodude
06 Mar 2018
Re: I expect this to be on Malcays bucketlis... I think it's unwise to think of Malcy as some sort of guru when it comes to his so-called bucket list.His current bucket list is down by some considerable amount and most of his recommendations appear to be based on what he is being told by his latest "scoop" with the CEO or things he's picked up from his various trips around the world to see operations which he appears not to have much understanding of. He spent years hyping GKP and after it collapsed we hear pretty much nothing ever again.If he likes SAVP however, I think it's for good reason (or maybe luck in his case).They have great prospects in Niger and with a minimum 3 well programme about to commence I can see lots of positive newsflow coming our way, something the market (and Malcy) definitely loves!
Nice to Michu
05 Mar 2018
Re: Presentation - 14th March in London Should be a strong story in this presentation and the Niger Drill(s) will be kicking off soon.Therefore I expect this to s/p start waking up in in coming weeks and have topped up here today. This is currently significantly undervalued imho eg Mirabaud last week said:Following a 6 month absence, during which it secured the RTO (reverse takeover) of assets from Seven Energy, Savannah Petroleum recently returned to trading on AIM. The company bears its old hallmarks, with the Niger exploration assets likely to take centre stage over the coming weeks. However, the business has diversified and matured through the Seven deal. Now the 8th largest London-listed E&P by production volumes, Savannah will boast over 90 mmbbls of 2P reserves, 21 kboepd of net production, and has committed to returning cash to shareholders via a dividend scheme.Lining up alongside the exploration portfolio, Savannah�s new Nigerian assets include stable, low cost oil and gas production, and a carried interest in a major strategic gas processing and distribution network in the southeast of the Niger Delta. Unlike all of Savannah�s Nigerian focussed peers, the portfolio is 90% gas with long term, secure, take or pay contracts (92% of sales are expected to be to investment grade customers). In our mind, this mitigates against the key risks of operating in-country; those being security of payments, and the threat of oil bunkering and sabotage. Crucially, Savannah�s gas sales agreements also allow for a highly predictable cash flow stream, largely insensitive to volatility in commodity prices, which clearly makes budgeting, including returning cash to shareholders, far more straightforward.Importantly, Savannah is now underpinned with cash flow, and benefits from material near term catalysts, which we believe will see the stock recover strongly (today the company is trading at a substantial 27% discount to Core (2P) NAV alone). The dust is now settling on the Seven transaction, and over the coming months trading statements and operational updates should provide confidence in the company�s ability to meet strong cash flow forecasts. On our numbers, Savannah is set to generate US$74m of EBITDAX in FY18, rising to US$125m in FY19 � more than sufficient to support a healthy dividend (a total payout of US$12.5m is intended to be announced later this year, equivalent to a 3.5% yield), as well as capex budgets with respect to production growth in Nigeria and exploration and appraisal in Niger. These filter through to net profits of US$43m in FY18, rising to US$70m in FY19. At today�s share price this is equivalent to underlying EV/EBITDAX ratios of just 4.5x and 2.7x, respectively, and P/E ratios of 9.7x falling to 5.9x, making the stock highly attractive on multiples alone, ignoring any medium term growth and exploration upside.With regards to exploration upside, the back to back drilling campaign in Niger is set to kick off before the end of March, with results due out c.30 days post spud. The campaign is centred in a sweet spot where CNPC has recorded a 93% success rate (higher than its basin wide success rate of 75%)
Novy kluk
27 Feb 2018
Presentation - 14th March in London Oil Capital Conference organised by Proactive Investors (Contact Thomas Coleman). SAVP are presenting.March 14th from 8.30amThe Brewery, 52 Chiswell str.London EC1Y 4SDWould be great if some one could attend and kindly share their findings herel!Unfortunately I'll be out of the country at that time.GLTA NK.
KALAN
22 Feb 2018
Re: I expect this to be on Malcays bucke... Not that I know of.From experience warrants very often pass their buy by dates and become worthless.You can buy warrants from others for some companies through the stockmarket - a good way of gearing your play on a stock - but risky.
KALAN
20 Feb 2018
Way oversold Expecting a bounce.
Ripley94
17 Feb 2018
Re: I expect this to be on Malcays bucke... Hi Kalan.Wonder if you could answer a question for me.Quite often in further issues they give warrants at a much higher price.Are there are stats on how many are ever excised when she price moves to make that worthwhile. R
KALAN
16 Feb 2018
Re: I expect this to be on Malcays bucketlis... 4 catalysts for a boost in the sp:a) reporting some profits - a way down the road yet.b) all details of reverse takeover completed so institutions have a clear view of the situation.c) Good write ups re the company prospects (cue malcy).d) Drilling campaign gets underway.2 or 3 of the above could see us surge up to and past 40p IMO - just got to be patient. Up to my limit here but would add now otherwise.
Nice to Michu
16 Feb 2018
I expect this to be on Malcays bucketlist out any day - or week - now...and perhaps that will give it some sort of pick up.. hopefully he has more followers than Gary Newman 
Very disappointing where this s/p at now, all things considered.. and so getting it even back above 30p and staying there from current 27 p ish shouldnt be that hard.. Imho...famous last words
Ripley94
16 Feb 2018
Re: ABB @ 35p As it fell today to the price i thought Gary Newman bought at.Put a limit in and bought for 27.5p
Ripley94
14 Jan 2018
Re: ABB @ 35p Ramp by Gary Newman S.P They must of bought it @ around 28p after the drop... 27th Dec and again on the 4th Jan.
senn1965
14 Jan 2018
Re: Transition deal On Monday, I attended the Savannah (SAVP) general meeting which, apart from doing the mandatory technical stuff, enabled us to listen to AK giving the first full presentation on the deal. My comments are below, but I urge you to take a look at the full presentation which has some great graphics I just can't reproduce here.Post the deal, SAVP looks like the real McCoy as a full cycle, self funded E&P company. The existing acreage in the highly prospective Agadem Rift Basin in SE Niger is about to be tested as the three well drilling programme is iminent, and will give us a good idea of the prospectivity there.The deal means that the company is about to acquire interests in the Uquo and Stubb Creek oil and gas fields as well as a 20% interest in the Accugas midstream business in SE Nigeria.As I said, this will make Savannah into a "cash flow generative, full cycle E&P company capable self funding all operational activities and paying a dividend".The acquisition gives net 2P reserves of 92 million barrels of oil equivalent, 2C resources of 44 million barrels of oil equivalent and net production guidance for 2018 of more than 20,000 barrels per day of hydrocarbons.Accugas comprises a 200 million standard cubic feet per day gas processing facility, and a 260 km gas pipeline network capable of supplying c.10% of Nigeria's power generation capacity.The process has led to the company raising $125 million (£92 million) of equity capital from new and existing shareholders, which is a testament to the deal that the management have brought to the table.The scale of this acquisition is significant and should not be underestimated, SAVP's management have taken advantage of limited competition in the area, seen Seven in distress and completed some deal.In paying $280 million to acquire assets with a CPR valuation of $663 million and 'material' upside potential shareholders should be delighted. This is a 'unique opportunity' to acquire a substantial asset package'.There is no doubt that this is a transformational deal for SAVP and its shareholders, both in terms of assets and production acquired at an incredibly low cost, and comes with beefed up staffing including directors and investors and will be a welcome addition to the bucket list__________ ________Not a massive fan of this Malcy but a nice summary for anyone new to this shareSenn
senn1965
14 Jan 2018
Transition deal On paper this looks like great value, I would expect a major rerate once completed similar to Serica.Free cash flow of 88 mil a divi, And this is without exploration drilling in Niger Q1 in an existing major oil hub.Strong buy imho
