Member Info for telegraphist50

I thought when AK talked about a 'transformational deal' he meant positively impacting the company MCAP!....this is getting a little concerning....

Totalnew - In yesterday's RNS, AK stated he was 'highly confident' that the deal will complete during this quarter. I think the bit you refer to near the end of the RNS is just a nod to say it's not yet 'back of the net' but fingers crossed it soon will be. I don't think everyone will have wasted all this effort since the summer of 2017 for it not to get over the line. Time will tell.....

With regards to RH, I don't know the exact amount he has left but my 'source' says it's definitely more than 128 shares. Hope this helps....;)

It's frustrating there's still no sign of the IA. However, the lack of an update now that February is here, suggests to me that it is imminent (hopefully). Things sure do seem to move slow in this part of the world....

I think the recent PH note has put a question mark about the amount of current finances. We'll just have to wait and see for when AMER post the figures to see if PH are close to or wide of the mark. It's clear that there's a question mark over Platanillo and what appears to be falling output

tbf, Malcy mentioned it the next day:

Savannah Petroleum
Savannah has announced the successful placing of 62.8m shares with new and existing shareholders at 28p raising $23m. The raise is for working capital and the company remains on schedule to sign the Seven Energy implementation agreement by the end of January and complete the deal in the current quarter. When the deal is completed the company will receive a$90m cash injection and will then be strongly placed to bed in the transaction. Highlights include the exposure to the gas value chain in south east Nigeria and will exponentially increase value in the company especially when the successful campaign in Niger is added to later this year.

I didn't expect it to fall quite so much today, hopefully just a temporary blip but if the IA doesn't get signed off by Thursday, we might see a further drop....

buy or sell?

with the bit about 2018 share performance....

SDX had $17m of cash at the year end, no debt and an undrawn $10m facility for Morocco from the EBRD so is very strongly placed financially, having received $4.5m of backdated Egyptian receivables in Q4 and expecting to see further reduction in its balance this year. Finally, the company is planning to relocate from Canada to the UK where a predominance of shareholders are to be found, the move is expected to be completed in Q2 2019 and ‘will result in meaningful annual savings in admin costs, management time and a more tax efficient corporate structure’. With 2019 expected to be a ‘landmark year’ according to the company it should see further benefits to shareholders after a pretty good 2018, the outlook for SDX is indeed very positive.

Unless you traded this last year, I don't see that 2018 was a 'pretty good 2018' for shareholders....didn't we end the year lower than we started 2018?!

But they did tell us that the rig mast had been raised on 31/10/18 in readiness for spudding of Indico. Anyways, it'll be when it is, the result is more important than a few days here or there

Are we going to roll into February, only 3 trading days of January left.....

Must admit, when I saw all the planned Capex, I was expecting to see mention of a placing at the bottom of the RNS! phew, for now!

If you say it often enough, one of these days you might be right!....;)

the record is for the world's longest RTO?.....we must be in the running....anyway, for what it's worth (for better/for worse), I've just took another 10k (shares) at a smidge under what AK got his yesterday/today....:)

Sorry guys, meant for the savp board....oops!

the record is for the world's longest RTO?.....we must be in the running....anyway, for what it's worth (for better/for worse), I've just took another 10k (shares) at a smidge under what AK got his yesterday/today....:)

was the raise price.….nice work if you can get it!

At this rate, if a takeover/offer does come, it'll be about 25p!

No.....just saying

No just a b...sh.tt.r....thinks share prices can be compared company to company without considering MCAP, number of shares in issue etc as per below:

"We are still WAY off our valuation here. Aaog is 4pence behind us. They hit 50bopd, we hit 4600"

That post above was comparing AMER's SP with AAOG

'This is the best opportunity on aim IMO fully funded' - really?....now that really is rose tinted