Member Info for DelBoi

For anyone unaware. The Video is up on the website, Bushiya drill pipe being stacked. Encouraging stuff. http://www.savannah-petroleum.com/

Very impressive. We won't be down here for much longer.

I certainly haven't lost faith here, banking on this closing by the end of this month.

My buys showing as sells today.

After hours 3,667,000 buy reported @ 35p £1.283m

Google translate of the heading Savannah Raises Commando to Conquer Seven As she prepares to buy the interests of Nigerian junior Seven Energy in the fields of Uquo and Stubb Creek [.

big news together. Below is an extract from Malaysian licensing article. Suggests to me that we could be in contention for new acreage and improved fiscal terms. Forming part of the 6 min rounds in Sarawak. "The upstream sector is dominated by the national oil company PETRONAS, while the position of ExxonMobil and Shell illustrate the instrumental role the majors have played in the development of Malaysia’s upstream industry. Prior to 1998, only five companies operated Malaysian PSCs, with ExxonMobil, Shell and PETRONAS Carigali dominating acreage positions and production. In recent years however a trend has formed of awarding blocks to new entrants, with the likes of ENGIE, Salamander (acquired by Ophir Energy), Uzma, Octanex, Santos and Thailand’s PTTEP picking up blocks. The 2016 licensing round opened in October 2015, with nine blocks offered; four offshore Peninsular Malaysia, three onshore Sarawak and two offshore Sabah. The blocks have failed to attract interest as investor appetite is currently low and the package consists of acreage offered in prior rounds. In May 2016, PETRONAS announced an additional seven blocks offshore Peninsular Malaysia and Sarawak, to be offered in mini-rounds over six months. According to Wood Mackenzie, the blocks located offshore Sarawak in the Central Luconia carbonate reef play should attract the most interest but potential entrants are looking for new acreage and improved fiscal terms, which may be offered in the 2017 licensing round." https://thelawreviews.co.uk/edition/the-oil-and-gas-law-review-edition-4/1140335/malaysia

With any luck we might see confirmation of the elusive BR farm in this week.

IMO end of this month, but the skeptic in me says end of February.

Huge respect for Dr SS, he's true gentleman and a perfectionist. Our patience will be rewarded.

My 2 buys showing as sells this morning FWw.

I suggest you read the RNS dated 28th December 2017, it gives a good overview of PVR and their assets.

Savannah is pleased to provide an update on the timing for the launch and expected completion of the exchange offer to be made by the Company to effect the amendment and purchase of the 10.25 per cent. SSNs (the "Exchange Offer"), as more fully described in the Company's AIM admission document dated 22 December 2017 ("Admission Document"). The Company intends to launch the Exchange Offer in the next 7 days and it will remain open for a period of not less than 10 business days (previously assumed to be 20 business days in the Admission Document, but following advice the Company has been able to shorten this period). As such, the settlement date of the Exchange Offer is still expected to be early February 2018. Savannah is also pleased to announce that as at 5 p.m. on Friday 12 January 2018, 92.9 per cent. of the holders of Seven's SSNs had acceded to the Lock-up Agreement (vs. 90.2 per cent. as announced on 21 December 2017). Assuming successful settlement of the Exchange Offer, the Second Tranche Placing Shares and the consideration shares in respect of the Exchange Offer (and the Warrants) are expected to be issued and admitted to trading on AIM shortly thereafter.

Cheers MB, not quite up to my ears yet, been scaling in since the 28th. Crucial point for me is BR will be drilled one way or another, 2018/2019, with an ITT �planned to be issued in early Q1 2018�. I�m pretty comfortable with that statement, geopolitically sound and guided by top quality executives in Angus Mc and Pat P, I view this as a rare opportunity. Appreciate TN comments on IIs, however I�m not prepared to start second guessing greedy institutions, just concentrating on getting there before them. Confirmed 280mmbol 2C flowing at 4000bopd from a vertical well and 14,500bopd calculated from a horizontal well. No debt, �30-35m cash. �68 million MC, go figure. If this doesn�t come off then I may as well give up.

I actually think we're splitting hairs here, the reality is, post confirmation of a Farm-in we can wave goodbye to these prices. A frustrating wait for many, as Im sure those words have been heard many times before.

Just trying to follow your logic Tirnanog, I agree with you on a view of poor sentiment post DD, but are you assuming that institutions just want to double their money, paying no attention to the intrinsic asset value to and cash balances? In my experience, the more stock in institutional hands the better.

Dilution set aside. Were sitting at a £67 million MC currently,on a successful BR farmout with PVR taking a non operating interest.% pending IMO fair value here will be in the region of £150-£200 million. I also see Mirabaud being brought in as a measure to support institutional investment. Hard to find another company offering this level of risk reward. Perceived failed Atlantic margin, ref the D,D wild cat drill? Total and a few other super majors might disagree with that logic. Exciting times ahead.

MB, Brent touching $69.80 today. "Agreement reached on key commercial terms for a multi-well programme at Barryroe". IMO discussions must be centred around spud, permits, regulation and dates. Remember, this multi well programme sits outside PVR current work scope. I'm expecting lots of detail in the next update.

One step at a time, but always good to keep an eye on the bigger picture. EV of just £30 million, with six other assets, undoubtedly a deal on BR will be the catalyst.

Not connected mbev, just persistent. I also highly rate Pat Plunkett.