Member Info for mcb77

Hi Trek, you make some interesting points. With the election i agree, everyone must have been aware it was due in Feb 2019. Ok it was delayed a week, so i would have thought it would only have caused a minor delay with the completion date. Its not as if a different President was voted in and had different priorities and objectives.

Over 3 weeks since the last 7 update, so i see no reason why the deal would not complete very soon. The implementation agreement has been signed, and you would think in depth DD must have been undertaken from various parties, and institutions in backing the transaction.

20 % down now on my average, and may consider adding this week depending on other investments.

The halt in Niger drilling is very very frustrating considering the 100% success rate SAVP had in 2018. Give AK credit where its due, it was an impressive start in Niger.

Other than this l have been far from impressed with his timeframes on the Seven deal, and with Niger stalling. Difficult to take his comments / projections seriously atm.

Hopefully when the Seven deal finally completes, progress in Niger will resume with more excellent results to come.

AK stated 2019 would be a transformational year for the company. When he said this last December I wonder if he thought the company would be valued under 200 million nearly 3 weeks into Q2 ?

If the deal closes soon buying now could prove to be a fantastic opportunity. Share price comfortably below the last placing price of 28p in January.

Sentiment at an all time low. However that can soon change, and if positive news drops I think the share price would move very quickly upwards due to most of the shares being held by Institutions.

Completion before easter would be most welcome...

Who knows.

To be fair the people working with A.K on the board are very experienced and have impressive track records. A.K is probably a highly intelligent individual, but is let down by his very inaccurate time estimations, which at times i find quite misleading.

Nearly 2 weeks since the last update on the 7 deal. Apparently the completion was held up due to the weeks delay in the Nigerian elections, so in theory the completion RNS could occur at any time.

With the improved terms of the deal, i see no reason for a solid re rate of the share price. 40p - 60p range would be conservative in my view. Plus any further Niger success could add more to this.

SAVP has been a very frustrating share to hold, but hopefully not to long to wait now.

I am also confident the deal will complete at some point. It has come to far, and when it does complete a serious share price re rate should occur.

However i dont buy the election as an issue for non completion. They must have been fully aware of the election when they estimated Q1 for completion.

Its a bit of a fiasco to be honest. Very unprofessional. The most frustrating point is the 7 deal has effected the time lines of progressing Niger. A double negative.

Maybe a Niger farm in will occur next quarter, who knows ? Thing is AK has been hinting this since 2015 !
If it does happen, then it would be most welcome, as positive news is very thin on the ground with this company atm.

If the share price did hit 68p it would give a market cap of just under 600 million. When you consider the cash flows the Nigerian business could provide I would say thats very achievable.
As the Nigeria business grows then I would have thought there is scope for much further share price gains. Thats not even including the Niger assets.
Check out the market caps of GKP and HUR. It puts it into perspective of how undervalued this company is.

Hopefully the deal will complete very soon. AK and numerous institutions have invested and must be confident of a successful completion. Although AKs track record of hitting deadlines regarding this transaction hasn't been great.
Maybe this time they will meet the deadline, and complete on time.

Clear as mud ATM.
However the transaction has been ongoing for nearly 2 years, so you would have thought the company and all of its institutional investors would have assessed there would be a fair chance they would encounter an election during the takeover.
The CEO has invested again in the last fund raise, and several institutions have also increased their holdings during the later part of 2018 into 2019.
I would have imagined they would have a very good idea and understanding of whats going on an the risks involved.
The previous 2 elections were also delayed.

Potentially a very good buy in price atm. Huge upside potential remains from these levels.

with in 3 weeks. Largely caused by a discounted placing when we were sitting nicely in the 30s.
Held these through the Niger campaign, and 7 deal progression and still sitting on a 20% loss.
Still potentially a great entry price for new holder's.
Wouldn't it be a nice surprise to see SAVP conclude the seven deal earlier than expected.

Credit to XXNJR from ADVFN.

www.rystadenergy.com

Very good article covering the top oil and gas explorers from 2018. SAVP gets a mention.

' Niger R3 / R4 discoveries valued at more than $10 boe '

Sorry, had problems with the link.

Not suprised SAVP have missed another deadline regarding the seven deal. It must be embarrassing for the company to continually set completion dates, and fail to deliver each time.
January was disappointing with regards the 28p raise, and another missed deadline. Hopefully we will get the IA rns soon, and February will turn out to be much more rewarding for suffering LTHs.

The strong institutional support does give me alot of confidence in holding shares here, even though I am15% down atm.
Things can turn round quickly. Hopefully everyone's Paitence will be well rewarded.

15% drop in share price since last week. I appreciate the raise was required, but SAVP have continually raised at lower prices since the IPO. 28p was very poor in my opinion. I notice the normally vocal Malcy has failed to mention it.

Time for talking is over, and the Seven deal needs to be concluded soon. Hopefully this week they can stick to a target date and issue good news regarding the Seven transaction.

Here's hoping..

To Agadem, that is..

With the revised terms of the seven energy deal, I believe the current Nav to be circa £800 million. This potentially gives huge upside from the current 32p share price.
Even if the market valued the seven assets at a 50 % discount, that would give a share price in the 50p area. And thats with out including the Niger assets.
With regular cash flows from the Nigeria business, and further success in Niger I can see where Zengas is coming from with the potential value of SAVP.
Hopefully the deal completes soon, and shareholders can see some decent share price gains.

Also thanks the Agadem for the detailed reporting last Thursday. Much appreciated.

The Institutions that have invested here over the last few years must be heavily underwater. Surely they cant be impressed atm with the share price performance, our the continued lack of news with the 7 deal.

It does give me some reassurance that some have continued to add further throughout 2018. Maybe they see big upside in the not to distant future.

I think all long term holders deserve a positive update this week. This share certainly tests one's patience !

20 Dec 17, 35p placing $125 million. Yet to start Niger drilling campaign.

7th Dec 18, share price 24.5p. Brent similar price.
Plus 5 discoverys in Niger, with much improved economics with route to market.
Institutions adding throughout the year.

You would think at this price there must be considerable upside.
Great shame the 7 deal is taking so long to complete. I think its effecting the companies credibility, hence why the share price is languishing at these levels.

Surely there has to be a point where they have to say enough is enough and move on. On paper it looks a great deal, but in reality its starting to become a farce.
They even stated a dividend would be paid q1 2019. What are they going to pay with, smarties ?

Yes, 25% below the last placing price of 35p. Market cap of 220 million. And after the excellent drilling campaign in Niger. It goes to show what the market thinks of this deal atm.

This deal has hammered the share price due to the constant delays and uncertainty. Its a shame because the value the 7deal could bring to the company is substantial. Probably 3x current market cap.

Maybe they would have had more success looking for opportunities in the North Sea.

Given the progress this year. Export routes from Niger looking viable, 5 successful drills, rumoured interest from NOCs in our assets, and we are sitting at 27p. Despite all this I am still not in profit. Over 3 weeks since the last delay RNS on the 7 deal.
It will be a huge relief when this transaction is finally completed.

It is frustrating, especially when you consider the great results we have had in Niger. I personally think we would have been looking at a share price in the 50s now if it wasn't for the seven deal. Lets hope it gets completed soon, and the Nav for Nigeria is reflected in the share price.
Strong institutional backing does give me alot of confidence in this company.

Very impressed with the progress in Niger so far. 5 succeses in the last 5 months. Enredibly low costs to find the oil ($1 per barrel) with huge potential upside. Also since the IPO an improved route to market has been established.
Nigeria deal economics are looking very promising, with excellent cash flow potential.
You can see why the huge Chinese and Indian companies would want to farm in.
Share price has the potential to be many multiples of the current price. Strong buy.