Member Info for hereandnow

Superb, the next 18 months will see LOGP back to fair value. Boom time today, 3p first target.

He would think he was on The Apprentice!

Phase 1 is agreed, set in stone and just needs the exchange of letters. WSG has sorted out banking, finance and supply chain following sanctions re-imposition. What they do does not break sanctions yet sanctions impinges on their ability to function so they have had to amend some banking, finance and supply chain issues. In the mean time Iran are passing laws to comply with FAFT legislation which will allow the EU to set up a supported banking/payment system.

For a long time the contract was bigger than £35million per annum and then got broken down into more digestible bite sized pieces. The question I have is, have they been negotiating phase 2 already?

WOW...good spot. The Iranian government are putting FAFT in place which is an absolute requirement before the EU puts this new banking arrangement in place. Quack quack quack , those ducks are lining up. Presumably that might explain those chunky buys over the last few days.

is really building quite nicely.

Just remember if the timings guidance had changed, they would have had to have informed the market. Q3 it remains.

Anyone get the feeling that something is brewing here?

I expect revenue growth YOY, but still a loss though reduced, projections as before EBITDA positive second half.

I expect a full and positive update on Iran and see guidance on other MSC/s promised by year end.

I also expect some guidance on what was behind the two placings and what the money was for.

I wonder if we will hear anything about Phase 2 of the Iran contract. It looks like everything is being put into place to fulfil phase 1 so , when they exchange letters they can 'hit the ground running'.

TBH I do not expect the letters to be exchanged until we know more detail re FATF and EU banking arrangements/guarantees and what extra sanctions will the US put into place in early NOV

Both the big 'two' leaders in Iran approve the new legislation , it is a shoe in. It will allow the EU, notably Germany and France and maybe others to set up banking arrangements for SMEs to do business with Iran via small/boutique banks, backed by their own central banks. FAFT was/is the pre cursor . Kerching, game on!

From what I could gather there were some issues with local partners in Nigeria that needed resolving but the solutions are in hand and they expect resolution in a time line as stated in recent RNSs.

Those articles....wow, because this company has failed to follow through on early promise i.e. they are late, no one is watching, so under the radar but apparently not to Chinese and Indian super majors, go figure!

RNS tomorrow then......and then we will have cash for 3/4/5/ wells but only 15%.

And the COS will go up massively on some of those prospects, Latuk in particularr

Huge trades this afternoon, 100k, 150k, 250k and 300k. Clearly institutions are buying in here. Prospects look good.

I'm not. I copy and pasted a comment piece which was quite nicely written.

As I said, ECO own 40% of Orinduik atm.

All time highs reached at the close 51/53p spread

So it looks like , if SAVP hangs tight, doesn't spunk all their money and just progresses the assets, there could be a good bidding war for SAVP one day between National super majors of two different countries.

Eager to establish an even greater presence in the current Nigerian oil and gas industry, Beijing also wants to use SINOPEC, in addition to CNPC has been present since 2008 with more than 6 billion US dollars of investment. These meetings are intended to pave the way for a potential agreement to fund 10 wells by Zhenua valued at US $ 75 million.
SINOPEC wants to take a stake in the four discoveries already made, but the British junior seems not interested because it aims to develop it itself by the end of the year.
How will this felted battle between Chinese and Indian for the control of Savannah Petroleum evolve? The coming months will build us more on the outcome of this struggle for this British Junior who has become more attractive on the international market.
Onep

This progress has revived the greed of the largest Indian oil company, one of the largest in the world, ONGC (Oïl and Natural Gas Corporation). Moreover, some well-introduced sources said that discussions to create a partnership between the two companies have already been revived.
The interest of the Indian company is not surprising considering the geological similarities with those of the Cambay Basin in India and various basins of Southern Sudan where ONGC is involved. This is intended to lead to a partnership through which the CGSB will buy back shares in Savannah's R1 / R2 and R3 / R4 license areas in Niger and eventually in the Uquo and Stubb Creek fields in Nigeria. A series of meetings in Niamey, London and Delhi is planned for the end of September 2018. Savannah and CGSB have already had discussions that reached an advanced stage last year, through several meetings often attended by representatives. of the Ministry of Petroleum of Niger, both in Niamey and in Delhi.

While the Indian trail is tightening, the Chinese are also displaying their claims more and more. Indeed, on the sidelines of the China-Africa forum held on September 3 and 4 in Beijing, meetings were held between officials of the Ministry of Petroleum of Niger, the Chinese oil company Zhenhua and Seniors of the management of Savannah Petroleum Niger . At the center of the exchanges, the prospect for the Chinese company to participate in the management
blocks R1 / R2 and R3 / R4.
Eager to establish a presence

ONGC Oil and Natural Gas Corporation NigerPresent in Niger since 2014 following the acquisition of its first license (R1 / R2) from Agadem, Savannah Petroleum, which began its drilling campaign this year, can boast of already having at its active four discoveries out of four attempts. One hundred percent success that has not failed to salute the specialists of the sector on the international level. The Amdigh field in particular is the culmination of this success because it is considered one of the greatest discoveries ever made in Niger. It is therefore not surprising that these successive discoveries fuel the lust of certain "majors".
The other operator in the Agadem Rift Basin is China National Petroleum Corporation, which has discovered more than 1.50 billion barrels of oil in Niger.
The attractiveness of the British company was strengthened after the signing with the Nigerian state, on August 8, 2018, of a treaty allowing it to start the production of oil at the end of 2018, first at the Zinder refinery. and then from 2021 with the next Kaduna refinery, in accordance with the agreement signed between Nigeria and Niger through Presidents Muhammadu Buhari and Issoufou Mahamadou.

We have 40% atm.

Cheers jhaylock, I am a dab hand at the copy and paste! And we are back to 50p which was tested the other day

3p first target, profit taking and pull back and then push on to 5p pre drilling which will hopefully start in June next year from what I can gather