Member Info for komakino

It looks that way from first glance. This is a list of the companies on AQSE and Hargreaves Lansdown seem to offer the usual trading facilities for the couple of companies listed on there I've just looked at.

https://www.aquis.eu/aquis-stock-exchange/companies-and-prices

All the main brokers trade on it

https://www.aquis.eu/aquis-stock-exchange/for-investors/retail-brokers

The 3 'Buys' had a strike price of 37.05 so labelled a buy. The 100k trade had a strike price of 37.00, so midway between the sell and buy price, so labelled 'Unknown'

'I am a general counsel and former law firm partner based in London. I work in sectors such as oil and gas, renewables, clean energy, carbon capture, transportation and infrastructure, advising on project development, deal structuring, finance, M&A, services and construction.

At the end of April I left Clyde & Co, and also brought to a close my time at law firms, after more than 27 years. I have joined Savannah Energy as General Counsel. I am looking forward to working with the various teams here to deliver growth in the business. I will be involved in the many exciting projects and acquisitions that Savannah is planning around Africa'

https://www.linkedin.com/in/stephen-jurgenson-2207865/recent-activity/

Standard Life Aberdeen plc +117,202
TT International -1,081,038
Ingalls & Snyder +7,229,179
Miton Asset Management Limited -1,677,829
Cavendish Fiduciary Jersey Limited -9,239,454
JO Hambro Capital Management +1,563,853

Total -3,088,087

NB: Cavendish Fiduciary Limited are the holding company for the EBT Shares.

Yes, there is a link to it on the Savannah website but it's for institutions only so can't access it. Would be interesting to see what the II's get to see that we might not.

Kinkell, not seen any report from Panmure regarding Savannah. The only report I can see for the 22 April is the finnCap report which is

'Nigerian gas sales contract increase Savannah’s Nigerian midstream gas business has signed an addendum to its 2020 gas sales contract with FIPL, which could see gas sales increase from up to 35 mmcfd to up to 65 mmcfd in order to supply two additional power plants in Rivers State. These incremental gas volumes can be delivered at minimal cost to Savannah and will help optimise its underutilised Nigerian midstream gas infrastructure. Accugas total revenues from gas sales have grown at a 15% CAGR over the past five years, and today’s announcement sets the stage for continued growth in future years. This, alongside the benefit of over US$100/bbl oil prices, will drive material upgrades to our forecasts, accelerating debt reduction and further fuelling Savannah’s re-rating.

- Gas sales contract addendum. Savannah’s Nigerian midstream gas business, Accugas (SAVE 80%), has signed an addendum to its existing interruptible gas sales agreement with First Independent Power Limited (FIPL), originally signed in January 2020. The original contract covered gas supplies to FIPL’s 180 MW Afam power plant of up to 35 mmcfd. The addendum allows FIPL to increase this contractual gas quantity from Accugas to up to 65 mmcfd to also supply the 136 MW Trans Amadi and 75 MW Eleme power plants, also located in Rivers State.

- High margin incremental gas sales. Accugas has six gas sales agreements in place, three of which have been signed since Savannah acquired Seven Energy in late 2019. In total, these contracts represent up to 247.5 mmcfd of daily gas deliveries. This is another example of the high margin incremental gas sales opportunities that Savannah can access, driving unit cost efficiencies and optimising underutilised gas infrastructure without additional capital expenditure.

- Material upside to estimates. Our current forecasts assume gas deliveries to FIPL of just 20 mmcfd in 2022, rising to 35 mmcfd in 2025 in annual increments of 5 mmcfd. All else being equal, if the full 65 mmcfd were to be supplied to FIPL in 2022 and 2023, our EBITDA forecasts would increase by 10% and 7% respectively, to US$397m and US$506m. This, alongside the benefit to its newly acquired Chad oil business of Brent oil prices running well above our US$70/bbl forecast for 2022 and US$60/bbl for 2023, is set to drive material upgrades to our current earnings forecasts.'

I know in a previous interview AK said he was only interested in supplying the Nigerian market, but that was before the war in Ukraine and the subsequent need for European countries to transition quickly from Russian gas. Maybe the recent addendum to the FIPL contract was a result of AK saying buy now or we sell elsewhere. All speculation but it gives another string to our bow if the Nigerian deals are not as forthcoming as quickly as we would like. Would imagine AK would want to make sure the Nigerian govt. was onside though if Savannah were to export to Europe.

Savannah continue to deliver the goods with an almost doubling of their gas supply agreement with FIPL, extending their coverage to a total of three of FIPL’s power stations in Nigeria. This is undoubtedly testament to the reliability of Accugas’ supply of non-associated gas, since the commencement of its gas deliveries to FIPL’s Afam power station at the beginning of November last year.

With the addressable market in country substantial and with a first class relationship with Sahara Power Group, the largest privately owned vertically integrated power company in Sub-Saharan Africa and part of the larger Sahara Group conglomerate, Savannah remains well placed to take advantage of the infrastructure in Nigerian power markets with its reliable gas sales.

https://www.malcysblog.com/2022/04/oil-price-savannah-iog-and-finally/

SP Angel Note but doesn't add anything new

Company News Savannah Energy (SAVE LN) 33p, Market Cap £431m: GSA expanded in Nigeria

• Savannah Energy confirmed that its Accugas subsidiary (80% WI) has expanded its existing gas sales agreement (GSA) with First Independent Power Limited (FIPL) in Nigeria.

• Accugas will now deliver up to 65mmcf/d of gas (from 35mmcf/d) to also supply the Trans Amadi and Eleme power plants, in addition to its existing GSA for FIPL’s Afam power plant.

Another positive development for Savannah, which continues to grow its Nigerian gas business through existing infrastructure. Currently, the Company provides gas contributing to over 10% of Nigeria’s daily national average power generation, highlighting the resilience of the business.

From Mount Teide on the other board

'Tremendous news - the Accugas business has an 80%+ operating margin - this additional 30 MMscfpd contract supply uplift will be at minimal additional cost and so mostly fall straight to the bottom line... materially raising the sky high operating margin still further.'

Indeed! Here's the FinCapp note:

Nigerian gas sales contract increase Savannah’s Nigerian midstream gas business has signed an addendum to its 2020 gas sales contract with FIPL, which could see gas sales increase from up to 35 mmcfd to up to 65 mmcfd in order to supply two additional power plants in Rivers State. These incremental gas volumes can be delivered at minimal cost to Savannah and will help optimise its underutilised Nigerian midstream gas infrastructure. Accugas total revenues from gas sales have grown at a 15% CAGR over the past five years, and today’s announcement sets the stage for continued growth in future years. This, alongside the benefit of over US$100/bbl oil prices, will drive material upgrades to our forecasts, accelerating debt reduction and further fuelling Savannah’s re-rating.

- Gas sales contract addendum. Savannah’s Nigerian midstream gas business, Accugas (SAVE 80%), has signed an addendum to its existing interruptible gas sales agreement with First Independent Power Limited (FIPL), originally signed in January 2020. The original contract covered gas supplies to FIPL’s 180 MW Afam power plant of up to 35 mmcfd. The addendum allows FIPL to increase this contractual gas quantity from Accugas to up to 65 mmcfd to also supply the 136 MW Trans Amadi and 75 MW Eleme power plants, also located in Rivers State.

- High margin incremental gas sales. Accugas has six gas sales agreements in place, three of which have been signed since Savannah acquired Seven Energy in late 2019. In total, these contracts represent up to 247.5 mmcfd of daily gas deliveries. This is another example of the high margin incremental gas sales opportunities that Savannah can access, driving unit cost efficiencies and optimising underutilised gas infrastructure without additional capital expenditure.

- Material upside to estimates. Our current forecasts assume gas deliveries to FIPL of just 20 mmcfd in 2022, rising to 35 mmcfd in 2025 in annual increments of 5 mmcfd. All else being equal, if the full 65 mmcfd were to be supplied to FIPL in 2022 and 2023, our EBITDA forecasts would increase by 10% and 7% respectively, to US$397m and US$506m. This, alongside the benefit to its newly acquired Chad oil business of Brent oil prices running well above our US$70/bbl forecast for 2022 and US$60/bbl for 2023, is set to drive material upgrades to our current earnings forecasts.

Changes from 11th March

Standard Life Aberdeen plc - 159k
Miton Asset Management Limited -5.8m
Ingalls & Snyder + 9.7m
Cavendish Fiduciary Jersey Limited +9.2m
JO Hambro Capital Management +1.7m

Net Change +14.8m

My dad was a sports fanatic and recall him mentioning John Landy a lot though I never really knew much about him as he became the second person to run under 4 minutes some 6 years before I was born. Wonderful era where drug taking was unknown and it was just athletes running to their best ability.

Personally I would not trust anything issued from URU as factual, but that's my view and fully accept others can disagree. Notwithstanding, it's still imo a pump and dump in that the twitterati are trying to get people to buy in so they can sell some stock. This is years, and some serious investment, away from being investable given Zorbas' past history. He has been drilling the odd hole here and there for years now with no signs of actually moving anything forward past inferred and indicative resources, purely, imo, to generate some liquidity for his own purposes.

Yes they have but it's simply as expected, another attempt at a pump and dump. Note Hogan and crew all active yesterday on twitter etc as guzzler pointed out, and no doubt Zorbas selling into the small rise. Must have to pay the butler.

https://www.investorx.ca/doc/2204121820086120

It's actually a divestment of 0.10% from the previous RNS on 1st April.

Yes, I did read it. There was no substance there at all, no citations, no provenance, and given the fact it contained a malicious piece of software it's most likely nothing journalistic at all, just a means to an end from someone trying to infect and steal info from people's computers.

That was my thought exactly, Tier. Hardly a reasoned article, if you could actually call it that. My anti-virus blocked a malware attack when clicking on it as well, so doesn't suggest a reputable site.

Yes, it's not ideal though I think the defaults referred to are not recent, as the last article I saw referencing a potential default to Accugas was around a couple of years ago, and the accounts suggest that Accugas is getting paid but it doesn't leave much headroom for the Nigerian govt in terms of funds. I wouldn't be surprised if SAVE were involved in one of the solar initiatives in some way, so something to look out for possibly in the near term.