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Great article from 30 November 2020, highlighting source of funds, my guess is they are crossing the t&c https://africaoilgasreport.com/2020/11/oil-patch-sub-sahara/otakikpo-phase-2-drilling-just-a-little-delay/#.X8lRFhh61sQ.twitter

SP Angel Corporate Finance LLP Would not have signed up otherwise and they have probably helped broker the funds for the 2 well drilling programme in otakikpo

Sure can, that would only make our market cap £50-60m if we get offtake funding for 2 additional well for otakikpo, that will make our production about 5000 bopd.

Still difficult to get any real size wouldn't surprise me if in the next few sessions, we head towards 5p+, offtake funding for otakikpo will land imminently, which will up our production levels to 5000 bopd, for a company which is profitable on low oil prices and the oil price has improved considerably, I think we will see some fair value multiple to current sp

been trying to add here but struggling to get anything

Perhaps some big order being filled

Otakikpo funding news should be next

The pipeline will mean we could have export market to over 13 countries for our gas which will run parallel to our licence. No wonder they consolidated all licence into a mega licence for morocco, they see the future potential of a multi tcf gas development with multiple routes to market

https://northafricapost.com/46023-morocco-nigeria-gas-pipeline-wins-ecowas-support.html

https://www.africanews.com/2020/12/08/pipeline-enthusiasm-to-drive-investments-worth-several-billion-usd-into-niger/

Just another 300,000 shares left under 9p. Looking to take it out and top up

https://nairametrics.com/2020/11/16/pib-may-be-passed-by-first-quarter-of-2021-sylva/

https://m.guardian.ng/news/nigeria/nigerias-gas-fiscal-provisions-will-be-one-of-the-best-in-africa-osinbajo/

There should be some news this week hopefully well overdue in my opinion

1) gas/offtake agreements with customers signed
2) debt finance for anchois project
3) appraisal well partner
4) new projects execution with / finance debt and equity

Cabert - it’s interesting that he mentions 42p because if that breaks than we have a gap to fill all the way up to £1.

I have lost count the number of day's we have spent i the 8-9p range even when there was material uncertainty since march, we have since received a lot of positive news and still are i the same range, which seems to me that the disconnect is caused by the seller.

we need some strong newsflow now from AK to create buyers and get rid of the sellers once and for all. Anyone spoken to AK recently I reckon we are due some news this month realistically we only have 5 weeks of proper market time left in 2020, as I always tend to discount the last 2 weeks as the holiday period where the company and management tend to take annual leave over christmas and new year. I wish AK can deliver something that can get us away from this stagnation.

There is no downside at current levels. There is only stagnation so I am not too worried at this stage to be honest, it’s only a matter of time before we see our true value

Shore Capital broker note from October thinks our price target of 35p

Given the company’s blue chip institutional register and a management team that has very
much put its money where its mouth is, Savannah’s share price will be a frustration for
more than just us sell-side analysts. We do, however, suspect that a scarcity of broker
forecasts won’t be helping as CEO Andrew Knott and team continue to articulate a great
story. We have therefore decided to break cover and issue fully updated estimates for
FY2020F and FY2021F, following the recent publication of interim results for the six
months to June. The interims (issued at the end of September) were notable in that they
provided the first clean-and-complete set of numbers for Savannah following completion
of the Seven Energy acquisition, taking in a full six months of Nigerian revenues whilst
avoiding last year’s transaction-related costs. Our forecasts have admittedly been
reduced, partly as a result of slower progress towards first oil in Niger, but nevertheless
paint a picture of solid earnings growth and cash flow, accompanied by rapid
deleveraging. Savannah lacks (temporarily at least) high impact drilling excitement but –
to quote the views of one value-biased fund manager – the best catalyst can sometimes
be no catalyst at all. In our opinion, the numbers must eventually speak for themselves,
with a prodigious free cash flow yield forecast and the potential for a maiden dividend
next year. Our rebased Risked NAV estimate stands at 35p/share. Reiterated BUY.

Additional gas deals to be announced shortly can see plenty of upside still to come