Member Info for nen2319

Woody, do you really take any notice of what the platform says in terms of buys or sells? Surely you know better then that?

I topped up this morning at 25.84 and it shows as a sell. Work it out for yourself!

I think an important point to take from today’s news is the fact that CNPC encountered a duster here but due to the 3D seismic SAVP used and the technical interpretation from the team, we were able to find the oil up dip of the CNPC dry hole.

Despite what’s happening with 7E, it’s really impressive what’s happening in Niger.

https://players.brightcove.net/2830693144001/default_default/index.html?videoId=5821897970001

Talks about SAVP halfway through.

Someone sell £500 worth pls so I can buy a top up. Been trying for 10 mins now on H&L and no live price!

And still I was able to get a top up just at 27.44. Unbelievable!!!

So if we are all getting jumpy then what do you think is happening in the 9 II’s who each have over 3%? I’m sure they are asking the same questions?

I did send a couple of emails but got no response at all.

So if HUR sell all its assets but keep hold of the company itself, how would they return the profits to its shareholders! Special dividend etc?

Also, if they did move to the main market then sell all its assets, I guess it would lose its listing and return to AIM as an exploration company??

Anybody have any ideas?

Mike

Go on this website and talk to the Pensions advisory service. They will give you the facts then you can get professional advice if you still need to. But at least by talking to these guys you get an understanding of your issue so your not starting from scratch.

https://www.pensionsadvisoryservice.org.uk/

So we finished 0.69% up yet the bid is now 28.50! Honestly someone is taking the ****!!

I wish that Someone who is selling would actually come on here and explain why. The sad thing is that we are so unloved we haven’t even got a resident deramper!

Just what does the market see that we don’t?

Here’s Malcys view...

A most important MOU was signed yesterday between Niger and Nigeria in relation to development of the Agadem Rift Basin and its exports of crude oil. Oil Ministers from both countries signed the Memorandum watched on by their Presidents and of course representatives of both CNPC and SAVP. The deal envisages a pipeline from the ARB to a refinery at Katsima State in Northern Nigeria which will provide ‘one of the potential routes’ to market for discoveries so far and in the future.

For SAVP this is all excellent news, indeed as CEO Andrew Knott said ‘it compliments plans to initiate an early production system for the R3 East area of the ARB and hope that it will enable early monetisation of our recent discoveries’.

This deal should be considered a massive boost for SAVP in a number of ways, firstly it provides the answer to the first of two major export solutions and make no mistake, CNPC can and will deliver this project. Secondly it ticks all the boxes with regard to stranded hydrocarbons, there can be little, if any doubt that these significant discoveries will now come to market and in a short period of time. Finally, it answers the doubters big time in terms of Savannah’s ability to firstly find and then sell substantial amounts of oil, these early finds only scratch the surface of the opportunities in Niger.

Andrew Knott’s vision that I first saw on the wall of his office many years ago is is fast becoming a reality, the fact that the shares actually fell following this news is to be frank, ludicrous they offer an exceptional opportunity that should not be missed.

Thx Zengas, I got that. I’d worked out that they were sitting at 2.9% previously but then decided to spend £66k to put them just over 3%. My question was why tip themselves over the line now? Maybe nothing but was curious.

I bought a couple more this morning as well but nowhere near the £29k you just spent. They haven’t shown your buy yet so guess they are holding it back while they drop the bid once again!

So basically TT have bought another 230k odd shares to bring their holding to a notifiable level. Wonder what the reasoning is behind that? Why would they spend a paltry £66k to tip them over the 3%?..

As Zengas mentions on ADVFN that’s 9 II’s now all over 3% plus AK’s holding.

It’s an impressive list and you hope these II’s know a lot more then us humble PI’s. Just a question on waiting now for 7E to complete and to see if that is the actual catalyst we’ve been waiting for or not?

Listen from 1:01:57.

https://m.youtube.com/watch?feature=youtu.be&v=VnLdlAV7J10

But didn’t AK say previously the phones were ringing off the hook? Where have they gone?

Savannah Petroleum
Yet more good news from Savannah who have announced that Kunama-1 is an oil discovery. This is the third consecutive discovery in the R3 portion of the R3/R4 area in the Agadem Rift Basin in S E Niger. Preliminary results indicate a total estimated 9m of net oil bearing sandstones in the E1 and E5 reservoir units within the primary Eocene Sokor Alternances objective.

Reservoir properties as indicated by wireline logs, show good quality, light oil, equivalent to that found at Amdigh-1 and consistent with offset wells along trend and the depth/API trend observed across the basin. The drilling of this well was incredibly efficient, only 14 days to TD against an estimated 22 and the whole well was completed in 23 days against an estimate of 30-35 days which clearly has a knock-on effect on budgets. Clearly delighted with this campaign so far, the company has elected to exercise the first of six individual options with Great Wall and the rig will move to drill Eridal-1 also in R3 of R3/R4 PSC only 6km from Amdigh.

These discoveries will now almost certainly mean that the company can seriously consider an early production system that can be put in place quite quickly as the three wells should underpin a commercial development in a short space of time.

This is not the only piece of good news for SAVP this week as yesterday the Group MD of NNPC detailed the seven critical projects, 5 by them and 2 by NPDC one of which includes ‘full utilisation of the Uquo Gas Plant to deliver 200 mmscfd through its Utapate gas in OML 13’. This is aimed at bridging the supply shortage in the domestic market and will be achieved by expanding the Uquo gas processing facilities owned by Accugas, currently being taken over by SAVP and AIIM as part of the Seven Energy deal. Under the Seven agreement SAVP are carried by AIIM for any expansion costs which would make Uquo of strategic value as a local infrastructure hub.

The market are clearly waiting for Seven to close but investors should be aware that the tide is turning very strongly in Savannah’s favour and the shares should be significantly higher.

RNS Number : 2344U Savannah Petroleum PLC 11 July 2018 11 July 2018 Savannah Petroleum PLC ("Savannah" or "the Company") Kunama Oil Discovery and Exercise of Drilling Rig Option Third oil discovery made in Niger, drilling campaign extended Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce the result of the Kunama-1 exploration well as an oil discovery. Kunama-1 is the third consecutive discovery Savannah has made in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin ("ARB"), South East Niger Well Result Preliminary results based on the interpretation of the available data set (which includes wireline logs, fluid sampling and pressure data) indicate that the well has encountered a total estimated 9m of net oil bearing reservoir sandstones in the E1 and E5 reservoir units within the primary Eocene Sokor Alternances objective. Wireline logs indicate the reservoir properties to be good quality and the available data indicates light oil equivalent to the Amdigh-1 well (the second discovery well announced by Savannah on 6 June 2018), and consistent with offset wells along trend and the depth/API trend observed across the basin. Oil samples from the E1 and E5 reservoir units have been taken and returned to surface using wireline testing equipment. Drilling Performance The well was drilled by the GW 215 Rig to a total measured depth of 2,460m, and encountered the main objective targets at, or near, their prognosed depths. The well took a total of 14 days to reach target depth, and all operations are expected to be completed within 23 days of spud. This compares with a pre-drill expectation of 22 days to reach target depth and 30 - 35 days to complete all drilling operations. No significant geological or drilling hazards were encountered. Next Steps, Exercise of Drilling Rig Option and Eridal-1 Kunama-1 is currently being suspended for future re-entry. Consistent with standard industry practice in the ARB, a production test is expected to be performed on the well as part of a batch campaign using a dedicated test rig. This extended well testing programme is currently being planned for later in the year and the Company intends to provide further details in due course. Following testing, a downhole completion assembly to Amdigh-1 is expected to be installed so as to enable the well to function as a production well in the future. Savannah does not expect to provide a discovered resource and volumes report until its expected well test programme has been completed. Following the successful results of the three exploration wells drilled to date on the R3 East area, Savannah has elected to exercise the first of the six individual options under its contract with Great Wall Drilling Company Niger SARL. The GW 215 rig will now mobilise to the

Some notes I made during the call - didn't catch it all and couldn't write fast enough ! If i have anything wrong pls correct and add your thoughts. 1. Whats changed from 2015 when you said you would prove up and sell? AK, SAVP in 2018 is a different company operating in a different environment. Now we are looking to start an Early Production System in Niger which will enable us to realise cash flow from the assets. 2. AK, Given the success we have had, the SP is frustrating to us all. All we can do is to continue to execute the strategy in place and add underlying value to the company. The SP will catch up or we'll be taken out. 3. Are 7E bondholders selling in the market? - AK - No I don't believe so, they are locked into their agreements and I don't think they are breaching them. 4. Is the 7E RTO still on course for 2QTR. AK, Yes, we are very confident everything will be in place from our side, But remember the Govt still have to sign it off from their side as well. 5. Acquisitions may follow - still opportunities out there. 6. Interest from various parties. 7. Once 7E completes, there will be regular updates on production volumes. 8. R2 regions - AK, we've extended another year and could extend another year if required. The South east of R2 is not something we'll target without a partner. Success rate is more like 1 in 5/6/7. Its not a major concern 9. Why is SP still low? AK, We've made progress - frustrating for all including me. As a mgmt team we need to get the story out a more amongst II's. We have a coordinated communication plan. An II has bought 3% of the company over the last few months. If any PI's have any suggestions to improve the visibility then pls inform IR. 10. We will be generating significant cash flows and have a strong mgmt team.

See you on the call Agadem!

And by the looks of it, there've all got their fingers in the trough!