Member Info for happysparrow

Zengas - regards your sensible posts yesterday on drilling strategy, I'm getting the impression that the Sokor Alternance plays are going to be sold off in a farm-out soon, with us keeping very few of this type of prospect, if any.
More talk of The Dinga Ridge in Niger; and oil drilling in Nigeria being explored now.
Is this possibility nonsensical?

Some points to note from Conference Call (21st Nov):
- 40 mins in: This month (December) will provide a lot more detail on Niger plans.
- 46 mins in: type of detail is mentioned (does not specifically say 'drilling plans').
- 8 min in: The Dinga Ridge, (more gas prone), the top left hand corner of R2, will be our core focus for our next stage of (exploration) activity . They are large structures with a 4-way dip which limits closure risk. Also developing 'drilling-out' the 5 current discoveries to be done.
- 41 mins in: Farm-in likely in H1 2020, a tie-in to delivering first oil in H1 2020.
- 54 mins in: a lot of significant value to be added to share price in next 3 or 4 months (to me, this is perhaps a suggestion that farm-out will be done by then?)

O&W - I thought the same and thus included this in my second email to Jessica: 'On another matter, it is worth reading a critical post by Zengas today (a highly influential poster) on the LSE site - and I think Andrew should be made aware of it, and hopefully update us soon on what is going on in Niger where there seems little visible progress over the last 12 months.' So Jessica should be aware of this bulletin board's comments if she pays any attention to what I write.

On the theory that SAVP and ir take action on the basis of volume of criticism, I too, respectfully suggest that those with regular contact or influence with SAVP also contact them to make clear the current dissatisfaction with the visible lack of progress on Niger drilling, and poor comms.

https://guardian.ng/news/ajaokuta-kaduna-kano-gas-pipeline-construction-to-commence-soon-buhari/
Buhari noted that the viability of extending the gas pipeline to North Africa was also under consideration.

https://aiimafrica.com/about/

https://www.energymixreport.com/old-mutual-owns-piece-of-nigerian-gas-infrastructure-following-close-of-seven-energy-deal/

hopefully a better link:
https://esmap.org › files › FR58200861713_Nigeria_strategicgasplanfornigeria

Somewhat old, but maybe of interest:

[PDF]Strategic Gas Plan for Nigeria--ESMAP ver 7
https://esmap.org › files › FR58200861713_Nigeria_strategicgasplanfornigeria

Joint UNDP/World Bank Energy Sector Management Assistance Programme. (ESMAP). Strategic Gas Plan for Nigeria. February 2004 ...

https://www.energyvoice.com/oilandgas/africa/212198/savannah-completes-nigerian-entry-with-seven-energy/

https://allafrica.com/stories/201911120087.html

An old article:
https://www.petroleum-economist.com/articles/upstream/licensing-rounds/2018/nigeria-targets-local-upstream-players-with-marginal-field-round

Still here, Tier, thank you. Still holding patiently, waiting for share to double/treble at least.
https://www.energymixreport.com/chevron-highlights-nigerian-gas-success-story/
'...CNL is optimistic about the future of oil and gas business in Nigeria as the opportunities are enormous...'

http://news.aniamey.com/h/94485.html

Another:
https://www.energymixreport.com/frontier-oil-gives-up-on-uquo-gas-focuses-on-oil/

https://www.petroleum-economist.com/articles/politics-economics/africa/2019/savannah-strikes-it-lucky-in-the-sahara

Thanks for translation, and article, Porschefund (will it be an electric one?).
More on Jon Fitzpatrick:
Rose Petroleum PLC (LON:ROSE) shares leapt 18.3% higher to 1.77p in late afternoon trading (10/07/19) following notification that serial AIM energy investor/executive Jon Fitzpatrick has picked up a 5% stake in the company.

Fitzpatrick is the founder and managing director of energy consultancy Gneiss Energy and was previously senior managing director and head of natural resources for Europe, Middle East and Africa at Macquarie Capital. He is also a non-executive director of Solo Oil PLC (LON:SOLO).

http://news.aniamey.com/h/94255.html
(in French)

First would help if they stopped the Nigerian soldiers, there to protect oil installations, from poaching in the nature reserves!

http://www.lesahel.org/index.php/2019/10/17/assemblee-nationale-adoption-de-la-loi-sur-la-repression-des-infractions-relatives-au-commerce-international-des-especes-de-faune-et-de-flore-sauvages-menacees-dextinction-au-niger/
and
https://news.mongabay.com/2019/08/africas-largest-reserve-may-lose-half-its-area-to-oil-development/

https://www.energyvoice.com/author/edwardreed/

Apologies, Agadem, I should have made it clearer. Page 22 of the presentation, where I got the figures from, were just production for SAVP Nigeria fields (Uquo and Stubb creek). I would think if we add on Niger and Accugas valuations then we are getting close to Zengas's £2 per share.