Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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CYB - totally agree. Am tired of hearing about how many African people still cook by burning wood! I want to know far more about the tactical BAU / day to day stuff that SAVE is doing. Yes ESG is important but give me 80% on growing production along with FCF ambitions and 20% on ESG. I won’t be bothering to attend another AGM. I think I’ve been to more than the CEO.
Thanks CYB. Very useful to re-read this excellent ppt even 2.1/2 years on, given the dearth of information provided subsequently to investors. As you say, the Gantt chart p 23 worth reviewing, as well as your other points which are spot on.
Liabilities on slide 11 interesting. As are the final 3 slides 38, 29, 30 - of footnotes / assumptions.
Ground breaking ceremony for plant in akwa ibom in local ibeno area right in the midst of accugas pipeline, attended by Nigeria gas minister.
https://independent.ng/windek-energy-breaks-ground-for-20000-mt-liquified-gas-depot-in-aibom/
Morning all.
I'm reposting the presentation which Andrew Knott made on new year's eve 2021 at the time of the CC announcement. I don't believe that it's on the website anymore.
I posted this a few weeks back but it got a bit lost in an RNS which fell immediately afterwards. Obviously it's a very long time ago but I thought some of you might want to revisit it.
Many of the Nigerian, Nigerien and Cameroonian elements are still relevant, I assume.
The Gantt chart at slide 23 is particularly interesting. It proposes quarterly operational updates. The Niger slides also set out progress to oil. Debt profiles also give an idea of ambition.
Clearly after this was published, the company’s attitude to investor engagement changed significantly. On who's advice, I wonder...
This is worth reading in conjunction with the upcoming 2023 financials in advance of the AGM. That meeting needs to significantly outperform last year's effort.
Best wishes,
https://wp-savannah-2020.s3.eu-west-2.amazonaws.com/media/2021/12/Restoration-to-AIM-and-major-acquisition-presentation-December-2021.pdf
Https://polaris.brighterir.com/public/savannah_energy_plc/news/rns/story/xq8nklx/export
So on 28th March RNS they stated that they would update us next week. that was 4 weeks ago. isnt there some law which says they cant lie to us
Just rallied too far and too fast. Positive fundamentals behind the move remain intact. Hopefully we get some consolidation and then NGN continues its rally.
After positive moves I note its now gone the wrong way from 1050 to 1300 derrrrrrrr
Absolutely agree.
200k bopd is within 2 years
Even 10% capacity via the pipeline is 20,000 bopd. CNPC will still earn a very decent transit fee.
From memory, it was the intention to be exporting 500,000 bopd before the end of the decade .
Been invested here since the shares hit 10p or so and have been silently following all the informative posts from Rocky (aga), zen, ntm, lst etc. greatly appreciate all your research!
the Charles Stanley have had this listed as 0.00 for several months in my account, seems to be reading at 28.50p on lse at the moment anyone else?
Zen: I couldn't agree more lets hope if we don't get news beforehand it comes in the Re-admission doc, fingers crossed
Zengas - With the target of reaching 200,000 bopd by 2026, one would expect an aggressive drilling programme in the 18 months leading up to it.
Great news and to see that the pipeline will in its next phase be doing 200,000 bopd by 2026.
If ever there was an incentive for a farm in with Save or to go it alone, then no excuse and something that they categorically need to clear up by the results date in June.
Looks like Akwa Ibom government in south east Nigeria are building a LNG plant, I am sure this will unlock further opportunities for our accugas asset.
https://thestreetjournal.org/governor-umo-eno-receives-former-president-jonathan-over-planned-lng-plant-to-be-built-in-akwa-ibom/
Https://theenergyrepublic.com/nigeria-launches-new-fiscal-incentives-to-revitalise-oil-gas-sector/
Looks like first oil is now flowing to Benin port ready for first shipment
https://www.africanews.com/2024/04/24/niger-benin-pipeline-first-drops-of-oil-arrive-at-seme-krake/
SAVE has been priced at 0p on AJ Bell for 6 months or more. It's in my top 4 position wise so hasn't done wonders for my portfolio returns.
Wierdly enough guys it is still 26.26p , still suspended and nothing to worry about.
Better than IG, who have it down as 0p, so 100% margin cover required.
Ps I'm hoping London Stock Exchange send out a closing - or opening - price of 26.25 for this at some stage soon.. ideally market close today for eg... and the trading service providers will automatically then use this as latest price and the 'issue' goes away for all who have a 10p price showing as the 'current' price .. etc...
...but that may not happen, I understand too ..
Certainly off putting to see my p/f balance and my save.l holding value way down this morning on Barclays Stockbrokers, off the back of the latest price feed they received for this as 10p !
As oil bagger says, there's just one off book trade reported on the London Stock Exchange site for 3m at 10p yesterday afternoon...
But the price the London Stock Exchange show for the stock remains the 26.25p suspended price
I'm going to watch see for a bit before I ask Barclays Stockbrokers about this.. (all Barclays are doing is taking the latest price feed they receive from the London Stock Exchange)
Just checked on advfn and it shows 2 trades of +3m at 10p (see https://uk.advfn.com/stock-market/london/savannah-energy-SAVE/trades)
but on londonstockexchange (see https://www.londonstockexchange.com/stock/SAVE/savannah-energy-plc/trade-recap) it shows just one trade of 3m at 10p
While here on lse it shows 2 trades with one +3m and another -3m so it appears like the trade was a mistake and backed out
Now I am totally confused
Hopefully you’re right. Does look this way. Worried enough. Don’t need more drama. Thank you oilman.
Had be worried for a minute but looks a mistake to me as one was for +3m and the other -3m so the trade was effectively backed out
What’s going on? I’m now worried?