KALAN
21 Dec 2017
Re: oups ditto.The 35p is a disappointment - looks like it's going to be a slow burner and we may be in for the longer haul.Bought for the thrill of the drill and now going to be waiting for production figures and profits to come through with the drills adding spice. As usual - nothing we can do but wait.
Nice to Michu
20 Dec 2017
oups that RNS was disappointing to me to say the least...with the delay many will of course say they could have guessed the way this was going.. and the book build is disappointingly still ongoing .. so we're not even over that line yet.. but it looks to me like the deal will complete and I expect we will relist next week or perhaps early in NY .. trading on re list might now be 'uninspiring' though.. and the earlier congrats. I offered were premature.. but maybe in due course this works out well or even very well.. hopefully..
Nice to Michu
20 Dec 2017
Re: congrats to all holders here as in jam manyana KalanI'm more surprised by nothing last night or first thing this morning and am now thinking not to mind manyana but manyana, maynana - as in before christmas - is a maybe/hopefully more than a certainly...
KALAN
19 Dec 2017
Re: congrats to all holders here manyana Michu manyana
Nice to Michu
19 Dec 2017
Re: congrats to all holders here A bit surprised that we haven't received an RNS confirming the Institutional Bookbuild price - and re-admittance to trading info. - already today.. maybe after market close... or maybe not..Speculating on possible reasons - there are many potential reasons in my mind - and whether a good or bad thing in the end is futile imho.. all I can say is that things are not going exactly as originally anticipated... We've waited this long so what's a bit longer .. and nothing we can do anyway...so academic..
II Editor
18 Dec 2017
NEW ARTICLE: The Oil Man: Echo Energy, Zenith Energy, Savannah Petroleum "WTI $57.30 +26c, Brent $62.23 -8c, Diff -$5.93 -34c, NG $2.61 -7cFor a benchmark crude that is facing 2/3 weeks of production down by around 450,000Â barrels per day, Brent is surprisingly flat. It probably gives off warning signs that the market ..."[link]
Balone
14 Dec 2017
Re: congrats to all holders here Thanks for posting Michu. On the surface looks very good indeed. The placing should underpin the share price and so the higher the better obviously. Will be nice to see a couple of analyst reports too as to how good the placing is. One question. Is the indicative value for the whole company and the placing to be at a discount, ie 35p ? or is the indicative price referred to for the placing outright. I'm locked in like yourselves so will be very happy to see a placing between 40p & 50p. Analyst reports would be useful her too so hopefully something forthcoming once terms and product are a little more defined.best to all
Nice to Michu
14 Dec 2017
Re: congrats to all holders here Those 1500 shares will each be priced at whatever the opening price is on the morning savp is readmitted to trading.. probably somewhere in 40-50p range but could be very volatie at open and so pre open auction might throw out an opening price very different to the achieved institutional book build price that's now in progress and will conclude tomorrow evening with a price somewhere in the 40-50 p range.
jaytee41
14 Dec 2017
Re: congrats to all holders here Sorry but I'm a bit thick. What will happen to my 1500 shares that I had prior to suspension ? Or are they stating that when the shares come online the sp will be between 40-50p ?
Nice to Michu
14 Dec 2017
congrats to all holders here I cut and paste from this mornings RNS's here.. a good premium to price on suspension and I think/hope more upside to come on relisting and thru 2018.. I like this company going forward and will not be selling out in a hurry ( might sell some if it goes way up on relisting next week but guess it will go decently up more than way up.. shorters buying back to close out will help too .. )''Following the Company's announcement on 4 December 2017 of its intention to conduct the Placing, the indicative price range has been set at 40 pence to 50 pence per Ordinary Share;· Based on this indicative price range, Savannah's implied market capitalisation upon re-admission to trading following completion of the Agreed Transaction, after the issue of new Ordinary Shares in the Placing and the issue of new Ordinary Shares to the holders of Seven's current 10.25 per cent. Senior Secured Notes ("SSNs"
and to the lender of Seven's second bilateral facility agreement, would be approximately £375m to £400m;· Institutional bookbuilding for the Placing (the "Bookbuild" will commence today and is expected to close on 15 December 2017 at 5 p.m. (London time);· The final price for the Placing (the "Placing Price" is expected to be announced on or around 18 December 2017, with publication of the admission document in respect of the Placing and the Agreed Transaction (the "Admission Document" and restoration of Savannah's shares to trading expected on 19 December 2017.''
Nice to Michu
04 Dec 2017
Looks good and i'm confident here now Obviously the price per share they achieve from II's for the raise is the key thing.. and we wait to see that ... and they're hoping to relist this month too, so maybe they get a short extension on end of this week deadline... if the have all relevant documentation complete this week ish I guess etc [link]
Nice to Michu
20 Nov 2017
Malcay likeay and therefore me too!(someone posted this on LSE board and I copy here.. ps: listen on for SDX and President, two other stocks im in and like a lot)[link] we're going to have this relisted by 7th Dec. deadline too !!
KALAN
15 Nov 2017
Re: Suspension Looks like it's going ahead with money to be raised and new shares to be issued and debt holders to be bought off.Either the CEO wants to be a big business man on high wages or this is a real bargain for SAVP - let's hope it's the latter - got at least 4-5 months to wait and of course it could be longer. Worth the wait if the sp doubles or trebles - going to ask my step-daughter to take a look at the letter (insolvency lawyer) to see what her take is. Looks to me as though all involved are going to take a smaller cut of the debt they are owed in order to keep the operations afloat rather than going through insolvency.
Nice to Michu
09 Nov 2017
Re: Suspension I'm starting to pay some attention here now.. and no deal is a growing possibility in my mind now.. and there might well be a decent downward step in s/p on relisting, in that case.But my gut tells me that a deal will still be done and hopefully within the next 4 weeks.. ...or perhaps even this delists and then in 'due course' - and that could be some considerable time - relists as a mid cap oiler - maybe even on the main market - ...which would would be hairy/a journey into unknown for me... but I guess, in this scenario, our savp shares would be converted into new entity shares as part of a new listing?
tullowtosell
08 Nov 2017
Re: Suspension Thought this would have been sorted before now. Beginning to think it's going to be a no deal and the inevitable share price drop when suspension lifted.
