Member Info for adoubleuk

Changiboy, (Or whoever you represent) "so what if I had a vested interest in Sekaname. Everyone else here has an interest in tlou - would you not like to here what the other side think? Or in your opinion are they so far behind that they don’t matter." Yes, they don't matter. And if they try to kick up any sh*t once the RFP comes through we'll come an sort you out. Geddit?

buzz, "Relentless isn't it " Yup. I gave Changiboy the benefit of the doubt, but I reckon you're right. Same consortium. The lack of proper background research is the giveaway.

A quote from 'Hotcopper' BB, just now. "London market closed up 7.5% at equivalent of 21.8c" Also the copy of the 'form 603' only appeared there a moment ago on the BB. The aussies are slow. No problem, though.

jeps, " remember Tlou have stated they have only submitted a proposal for an INITIAL 10 MW with the window open for more at a later date" That's true, but... Something I've been wondering about of late. Maybe someone here can help me out. We know that all going well with the RfP (an assumption I'm personally happy to make), the project will kick in at 10 MW and will be added to up to the full hundred in a modular fashion, 'organically' financed and so on. Now since buying in here I've tried to watch all the interviews with Tony G, read all the updates and so on. But I don't recall if at any point a 'timeline' for the growth period to full generating capacity has been mentioned. Has Tony been asked what sort of increments (both time-wise and also physically) are anticipated to be involved? I don't know. Does anyone here remember this being mentioned?

Bythesea, "Cant believe that news had zero reaction on ASX." Yes, rather extraordinary, isn't it? My holding's on asx, even though I correspond here, and it can cause me some confusion at times! I log in here, but Tlou isn't the first share I look at. Get round to Tlou, check for any RNS, look at the SP. So today think "Hmm, 12% up, that's nice!" But then crosscheck with asx, and find THAT hasn't moved at all! The two exchanges (ASX and AIM) certainly don't move in lockstep: that I've noticed over time. But I haven't been able to ascertain any particular pattern to it. Other than asx is very much less volatile than AIM. Ho-hum. Assuming this finishes as a blue day 'here', it'll be interesting to see if the ASX follows AIM's lead when they reopen, not that I'm going to stay awake into the early hours to check: still recovering from Christmas! The subject's all rather academic, anyway, in that we've had good news, and there's more spectacular news round the corner, hopefully. Maybe the aussies just prefer to play a 'waiting game'...

olderbutnowiser, "I don't let the gain go more than x3 before I do it.so that will mean about 29p here assuming I get my next batch at 8.00 am tomorrow. If I fail, then around 25p. Don't be too ambitious." Don't be chicken-hearted neither, though! It's somewhat 'modern tradition' , depending on how one lives, to watch a movie on Christmas day. And being alone I put on an old favorite with a Christmas flavour, 'Trading Places'. Dan Ackroyd & Eddie Murphy. There's the bit towards the end on the trading floor where Winforth (Ackroyd) says to Valentine (Murphy) "Not yet... wait for it... Now!" Just to get the timing as perfectly right as possible. 'As possible' being the operative phrase. Anyone who says he can spot the exact top of an SP spike or the bottom of a retreat is most likely a liar. But being close enough is OK for most PI's, I think. In terms of this share, I think there's still a very good 'buying window' here, maybe through all the week. Because despite Friday's very exciting RNS, I don't see a real move until about early to mid January. Because I don't see news we're all waiting on arriving until then. It mustn't be forgotten where we're dealing with. Botswana. An African country. The Christmas / New year 'break' will encompass both of them for a period of about a fortnight. Especially when it comes to business involving the Government. That might sound patronising, but isn't meant to be. And I could be quite wrong, as well. We'll see. But I hope I'm not wrong, because I want to do a top-up as well, during the week! Don't want to miss this boat... GLA

Changiboy, Wrt yr reply to Buzz on the subject of Ken. I now realise I've met my match in the sense of humour dept.

Changiboy, " try working out serious comments from those that obviously are not." Sorry, if your 'question' was meant tongue-in-cheek, my apologies for not recognising that. The thing is, one sees all sorts of people on these BB's, and some can be quite naive. A Happy Christmas to you, as well!

Changiboy, "So are u suggesting that Govt will be influenced by granting and award to someone in whom Pension Fund money is invested? Of even Govt said get invested in that company before we issue them with an award ??" What a question! Personally I wasn't aware of this RNS having been issued until just now, and the implications are perfectly clear. I'd been puzzled by the timeline of the Botswana exchange listing relative to news of the award, but now I'm not. And I don't think there's anything unethical about it: a really smart move by the parties concerned. Sure, something equivalent might raise eybrows in the UK, but Botswana isn't the UK. What a great bit of news! Things could start getting really exciting once the holiday period is over.

Totalnew, "Final point .. Jim, adoubleuk, etc .. Have you all now sold, as you said you would?" I certainly have, though it took an hour to be executed, and had to do the order by phone as the internet hadn't caught up with the relist. At 30.5p. So about an 18% loss since I got in. Hey well, win some, lose some. But that's the name of this AIM game. I admit that this morning's RNS took me completely by surprise, because as you'll have read from recent posts I didn't think it would happen so quickly. So I was wrong on that, but don't expect to see posts from me here again. Although I may 'hover in the background' a bit. Just in case the company actually does go drilling. But I'll only consider buying back in on news of spud, and I haven't totally wasted all of the last six months. Now have a contact who can tell me truthfully if there's a rig in place that's started work. Good luck all 'remainers', you may need it. And have a Happy Christmas and a Prosperous New Year.

Juste, Haha. However I've just been on the phone with my broker, which being in France seemed to have been caught on the hop by this resumption of trade. As I have been, I have to admit. But have put in an order to dump my entire savp holding asap. It'll probably take 'em about an hour, but I said I wanted out and I'm actioning that.

Pyrrhic Victory, "wow..... pretty quiet......" Not exactly much to discuss right now, is there. As pijoe has pointed out, this is a 'Class 1 Transaction'. If you don't know what that means, look it up. I had to. But it's fairly staraightforward. Essentially it means all the ducks have to be in line before things (including re-admission to trading) can proceed. Now let's see. In RNS is said that the EGM would be 'on or around' 5th Jan, but of course all that represents is yet another deadline for the company to miss. And then we'll still be waiting of all sorts of paper-pushing to be done in Nigeria, and hoping that the people with signatory authority have received their brown envelopes. This could (probably will) drag on... and on... and on. But we're used to that by now.

Specutater, "Perhaps us PIs would get a better deal if AK waited to buy select Seven Energy assets out of impending liquidation." Oh good grief! Don't give AK an excuse to keep people waiting even longer! :-)

pijoe, "Adoubleuk - what do you think reading the english as you do?" If we're taking it from Malcy's blog, I read it in the same way as Hazdogg and Diversified: ie the $30 mil being over and above the $125 mil. Though I have to admit that with the latest RNS's I'm finding fairly hard to keep up with who will be paying what, and especially WHEN. I've only just logged in again, and did so because once again I feel very doubtful regarding the wording of today's RNS. No doubt others here will howl with derision in the same way they did last Friday when I pointed out that nowhere in Thursday's RNS was it stated that trading would restart yesterday 19th. But trading didn't reopen yesterday, so I was correct in my interpretation. So OK, today's dog's dinner of a document. This is the paragraph which bothers me. "Seven has notified the Nigerian DPR of the Agreed Transaction and has received a "Letter of Authorisation to Proceed" with the same. The letter welcomes Savannah's proposed investment in Nigeria, and paves the way for Seven to submit a formal application for Ministerial consent to effect the Agreed Transaction, which is expected to be made after the execution of the binding implementation agreement relating to the Agreed Transaction." It's this term 'Agreed Transaction' term which gets me thinking. The 'agreement' bit. OK, it seems that Seven and Savp have come to some sort of agreement over what they're going to present to the Ministry. (They took their time over it: just 6 months.) But we're not out of the woods yet. Essentially this still isn't a 'done deal'. First they've got to 'execute the binding implementation agreement', whatever that means, when it's at home. Only when that's done will they make a formal application to said Ministry in the hope of obtaining consent to go ahead and 'effect' the whole thing. And there's absolutely no reason to think that the Minister is going to just glance at this application letter and sign off on it immediately, just like that. It's the goverment, remember? Governments aren't noted for their speed in actionning things, are they? And especially not in Nigeria. Probably the first question to be asked will be "what's in it for me?" It's how things tend to work in that country. So essentially my message is that there are still more hurdles to be crossed, and I don't reckon it's any stretch of the imagination to think that Savp won't reopen trading before all the paperwork is well and truly signed off. The transaction may be 'agreed', but the Minister has yet to 'agree' for it to take place. OK, having written all that, I now await further jibes and insults. We'll probably be getting more 'tick-tock' posts as well, if 'Agadem' dares show his face here again.

Munchbox, "On a duster this is going 15p" What's a duster got to do with it? I forget what I put in as my guess for the SP when (though I still am forced to think 'if) trading reopens, but I won't be surprised to see the price fall to 15p or lower within the first hour. A very simple and inescapable fact is that for the SP to remain even vaguely close to 35p in the face what I think will be massive selling, somebody will have to be buying. And given the past six months' fiasco and untruths (still ongoing), just who in their right mind will want to buy these shares? And see no point in adopting an attitude of 'Oh, it'll all work out OK when drilling starts', because again, who in their right mind will believe that Savp will EVER start drilling? Or if they do, then provide meaningful and honest progress reports? I note that as well as the project being sized back and the further seismic campaign rejected, we STILL see no mention of the CPR based on the seismic campaign conducted at the start of the year...

Delboi, "When the going gets weird, the weird turn pro." Well quoted. But there's another slightly more obscure and tongue-in-cheek epithet, which applies completely to the CEO of Savp. "When the going gets tough, the tough go shopping."

tradeemup, Thanks. " Here's hoping you specialise in fiction but the lack of news is indeed alarming." I read fiction, (lots of it, across all genres) but my writing is confined (if that's the correct word) mainly to technical oilfield stuff, photojournalism articles, and truck-racing. Plus the drivel I write on BBs like this, because it concerns my money, in correspondence with other people whose money is tied up ( only partially, one hopes) in the same companies as interest me. "never invest what you can't afford to lose" Utterly correct. Same as the old thing about never walking into a casino with more money than you're prepared to lose. And I know lots about that, being a serious poker-player. Twice a week minimum, and the place is 50 miles away, so no drink, and that's already some money (the fuel) that I have to plan on making up to start with. No games of chance, neither, at which one's sure to lose, eventually. But share investment (even O&G on AIM) isn't a casino. Or it shouldn't be. I've walked out of a casino more than once, having lost. Usually because I've played badly, or misjudged a crucial hand. Or simply been out-played. But I'll analyse that during the sorrowful drive home, and try not to make the same mistakes again. But here is a bit like having walked in and sat down at the poker-table, racked up my chips, only to find the croupier has confiscated them all and I can now only be a spectator in some completely different sort of game, where he's bottom-dealing as well, and so on. Plus I've been handcuffed to my chair and have no choice but to watch, while being told it's OK, the 'normal' poker game will restart... sometime. It's nighmarish. Sure. SAVP can delist, and I can lose all my investment. And that won't render me a pauper. But it'll hurt quite a lot. And worst of all, it'll be none of my own fault, other than having believed a company prospectus which I believed to have been genuine, but has proved to be quite the opposite. In other words, I feel myself to have been cheated. Conned. Robbed and financially raped. Am I supposed to feel happy about this? Old card-player's adage: 'The best thing in the world is winning at poker. The next best thing is losing at poker.' It's very true. But losing my money to Andrew Knott will have involved no fun whatsoever.

Delboi, "Have you ever heard of Hunter S Thompson? Same sleeping pattern anyway. " Have I ever? Just happen to own every one of his published books, including some very obscure ones, one signed by his widow. The fact that I appear to hold the same odd sleeping-patterns as the good Doc may be partly explained by my living a slightly similar lifestyle. But only slightly, mind. I'm not a millionaire, I don't live in Aspen, I don't like motorcycles (or rather, motorcycles don't like me), and I can't stand Chivas whisky. I do like firearms and Living Life on the Edge, though. Oh, and I haven't made a self-publicising video-clip of myself, neither. Hadn't seen that one before! Good old Doc. Quite untrue, of course.

tradeemup, "the wording of the last RNS implied a likely relist date " Is that so? Can you point me to where? Or even better, give fellow BB-readers a personal guess as to what you reckon the 'implied date' might be? I've read that worthless document three times already today, and it's as open-ended as open-ended can be. Just look at this part... "The current expectation is that Savannah and the Investors will enter into the required documentation (including but not limited to subscription agreements or some similar form) within 30 days (or such later date as the parties may agree) of the Company's shareholder general meeting to be convened in due course to approve the Placing and the Agreed Transaction." So now we've got another RNS to look forward to. The date of a General Meeting. To vote and give approval (or otherwise) for a share-placing (whose book-build hasn't been announced as achieved) and in regard to a transaction which although termed as 'agreed' obviously hasn't been if it's dependent on a shareholder vote which hasn't yet happened. Smoke, mirrors, and a Caucus-Race involving lots of running around in circles, getting nowhere. There's only one bit of news I properly anticipate now, not with any pleasure but just to put everyone out of their misery. A terse announcement by the governors of AIM that SAVP has been delisted from their books. And then of course the realisation that our shares are worth exactly their listing price, which is 0.01 of a penny. Recuperating which sum won't even be worth getting out of bed for.

Agadem, "sentences should never begin with but or because" Says who? Go tell that to James Joyce's corpse. Or Hunter Thompson's, except you can't because it was blasted into space.