Member Info for cautionyourblast

Dear SAVE
I know we're suspended, so we're a bit like a private equity asset right now.
However, that doesn't preclude an update on the ops about which you *can* comment at present. Mainly Nigeria and possibly Niger (as mentioned immediately below).

The December 2022 update didn't include June 2022 daily gas supplied versus, say, November. Exit numbers are powerful when a number of the new customers are coming onstream. Exit numbers now (or just Q1, versus 2022 average) would be encouraging.

A Niger road map including the timetable for building the spur to the pipe going to Benin is now a reasonable request.

Maybe others are hoping for a full shock-and-awe RNS when we relist and don't mind the silence. But I'd like an update on the existing ops that can be disclosed, regardless of the suspension.
Best wishes

What a pity.

I can speculate as well as everybody who is invested here, but I suppose it really boils down to whether we end up with a few million dollars of extra cash after all the hassle.

Do we end up with a chunk of Cameroonian pipeline income still?

I hope this does not in any way interfere with SS negs.

So many questions. Perhaps I should just shut up and wait until autumn.

Best wishes, all.

If true, this is stonking good news. I haven't seen more than the headline, mind.

Good morning from Bangkok.

https://metro.co.uk/2022/12/28/six-hour-queues-show-what-its-really-like-owning-a-tesla-at-christmas-18004669/?ito=article.app.share.appbar.generic

Hi Agadem
I didn't agree with your initial interpretation of that RNS but I also thought that the response to you was disrespectful and not at all typical of this particular bulletin board. I didn't upvote the response.

I've made posts here myself that have subsequently proven to be wrong or at least not a good interpretation of affairs. That said, it's good to get ideas out there as we all learn from each other.

Please know that you are very well respected by the vast majority of other posters on this BB. I fully understand if you don't want to post details of your IR conversations going forward; entirely up to you, but I've really appreciated all you have posted and your thoughts in general.

I would encourage everyone posting to be civil and constructive, even if we disagree. Otherwise the BB ends up like most of the others which are generally mostly garbage.

If anyone in SAVE's IR team is reading the BB, please know that we'd prefer to learn things from the company directly, rather than Africa Intelligence, TchadInfo or some other newswire: thanks.

Blimey. I'd better not mention the Nigerian presidential and general elections on 25 February then.

Thanks, Zen. This is encouraging in a week otherwise filled with...

So, I hoping that by Easter we’ll have SS completed, be relisted, have a clear updated Niger plan for 2023 oil and continue to see Nigeria gassing away and maybe even another customer added.

Call me Walter Mitty on the above, but....Chad-Cameroon, including the renewables of course, is dead I think. I base this on reflecting on what the true consequences of Wednesday’s actions are. IMO of course.

Happy Christmas, everyone. Thank you all for making this an informative, educative, entertaining and good-hearted bulletin board. Here’s to better progress next year.

I'd expect an RNS to this effect fairly soon too. With some caveats.

I imagine that at least some of those who have left the country are the authorised signatories to the bank accounts (which will have been taken over by the Chad government).

My gut feeling is that this is all over. The assets have been [taken away] yesterday: insert your own past participle. My question now is what is Savannah's liability beyond the legal fees.

It may well be all over, but I'd expect the legal and PR soap opera to run and run.

I certainly don't blame Savannah's management and team for any of this. We can use all kinds of words to describe what the Chadians are doing, but that serves no purpose. Escargots, anyone?

The small matter of who is funding day-to-day operations and paying salaries going forward seems pertinent...

They'll surely have to put out and RNS, but I imagine it will say as little as possible.

Totally agree with you, TIL: the more that's resolved prior to relisting, the better.

https://twitter.com/Savannah_Energy/status/1605140222290927618?s=20&t=vgMbmA_Cd0JG1u-9vXC6vw

Quite right, noix.

I *think* it's more a "we don't know yet", rather than an "it might get taken away".

Good to have some year-end guidance. Net debt reduction most encouraging. Capex obviously well-down due to "events, dear boy, events".

Good morning, everyone.

Agreed!
https://twitter.com/Savannah_Energy/status/1604812719370051584?s=20&t=t4Av7NbpgbtGZ7ye-4GO7Q

...so it on Facebook and, zut alors, un website de news. I couldn't see it on https://petrole.gouv.td/

May be it really is from the Chadian government or perhaps its a "donnez moi un break" moment.

I've yet to decide...

Terse rebuttal.

From a poster on advfn: I have not verified,
"Block 5A - Petronas 67%

The Block will produce more than 8,000 barrels per day (bpd) by the end of 2021, 16,000 bpd by mid-2022; 30,000 bpd by 2025 – and is expected to reach a peak of 45,000 bpd in 2028 once four field development projects have been completed"

Apparently, you can't say "f@g". Blimmin' wokies.

Very rough, huge assumptions

If their average working interest is 40% x 153.2kbopd x 320 days x usd30/bbl (say), that's a netback of usd588m p.a. on a price tag of up to 1.2busd.

Holy cr@p