Global Petroleum Share Discussion Threads

[jimarilo] 25/9/2018 19:53

Gaddy, good point, that was 30th July, be interesting what they say this time

I noticed on the 23rd August that the Stellar mandate had been removed from their website

I had the date wrong for the Finals, 2016 was the 29th Sept, last year was 20th

Interesting times

[gaddy88] 25/9/2018 19:15

Cheers for confirming. A snippet from the opening of the last quarterlies go straight to Stellar and their continued work for GBP. Will they or our removal from their website be noted? Summary-- Stellar Energy Advisors, on behalf of the Company, continued the farm-out process for Global's Namibian Licence PEL0029, with the data room remaining open to prospective farminees throughout the reporting period.

[jimarilo] 25/9/2018 17:26

Finals due this month Edit: 20th Sept last year

[gaddy88] 25/9/2018 16:58

When would the next set of quarterlies drop? Is that the end of this month?

[jimarilo] 25/9/2018 15:02

Well spotted ee

Have been busy this morning and thought an email was in order, but you have furnished me with some content, so will see what comes back ;-)

[emptyend] 25/9/2018 10:35

One interesting question from that Swedish website:"One thing I'm not sure if I heard correctly was whether they are close enough to get another 2 projects in addition to the 3 blocks they have today. If any of you at the meeting heard better than me or have better memory, please feel free to fill in or fill in that info. I could very well have heard that wrong. "..... let us know the answer if one appears, Jimarilo. :-)

[jimarilo] 25/9/2018 09:50

Gemsbok ?? ;-)

[emptyend] 25/9/2018 09:18

"largest source"? To what does that refer?

[jimarilo] 25/9/2018 08:32

No news yet, patience required as usual. Here is the take of AEC CEO Garrett Soden on C1 last night in Stockholm. This is translated from Swedish

1. Although the market sees the drilling of PEL 137 as a dry drill, they were very satisfied with all the data they received and they regarded it as a technical success when combined with other drillings in the area, they will have much more precision in next drilling in this area and then in the largest source. It seemed like they had already decided to carry out a drilling on the condition that any of the other drilling in the area provides a good match.

[jimarilo] 24/9/2018 15:40

Hindsight indeed, however I did add some this morning

This is a reply from the CEO of AEC from the 4th September, this is the answer to one of a few questions I put to him and was the second email reply from him,, very helpful chap

"We are reviewing a number of opportunities in Namibia and would announce any new investments by press release"

Makes wonder if tonight was where he planned to be for an announcement, hence the "press release" quote

Adding to that, I did mention GBP and PEL29, but he didn't go there

Also the reply was on the 4th September and they would have been waiting for Block 2011A to be signed off

10th AEC announce Intsti presentation for the 12th Sept in Norway

18th Sept AEC announce retail presentation in Stockholm for the 24th Sept 6.30pm CET

GBP rns 19th Sept we have a new block

24th Sept Tonight may be the time they announcement their investment plans

Looking at the updated website heading strategy, gives me a clue the investment could be with GBP

[chopsy] 24/9/2018 14:56

Damp squib. Wish I'd sold on Friday at 4p, like you, only not bought back yet. Hey, ho, hindsight is 20/20.

[cashandcard] 24/9/2018 14:11

So, trp ww1 - no oil in Maastrictian. TLW/PCL signs of wetgas in the deeper turbidite fan systems, indicating likely migration. As oil/gas has been generated in the area, the question is, where has it gone?



Cash

[jimarilo] 24/9/2018 14:05

Malcy on Tullow Oil

Tullow has announced that the Cormorant -1 well is water bearing in the sandstones encountered and with wet gas signatures indicative of oil being encountered in the underlying shale, indicate a working oil system in the area. Whilst this is disappointing it should not mean that the basin is sub-commercial and others with nearby licences can consider it an important marker for their prospects.

[emptyend] 24/9/2018 09:38

Yup...hence my comment about it possibly taking a few months. Arguably there could be savings from a 3D plan that included part of the new blocks too.The oil seeps seen off the flanks of Gemsbok may yet prove important indicators.

[jimarilo] 24/9/2018 09:25

And from TLW

"Gas readings while drilling continue to support the concept that there is a working oil system in the area. As a result, following the conclusion of operations, we will analyze the data gathered before deciding on any future activity," said Tullow Exploration Director Angus McCoss

[jimarilo] 24/9/2018 09:14

Block 2011A will have been part of the process and deal, they would have been waiting for it to be signed off

AEC were in Norway presenting to instos last week and presenting to retail tonight in Stockholm

Short term fits for me

[jimarilo] 24/9/2018 08:36

AEC's take on the well

Jan Maier, Africa Energy's VP Exploration, commented, "While we are disappointed that our first well this year did not discover commercial hydrocarbons, we are encouraged that it confirmed the existence of a mid-Cretaceous aged deep marine fan sandstone system with further potential in the play.

[emptyend] 24/9/2018 08:35

.......l'm not that focused on the very short term. There could easily be a plan in the wings (especially after last week's deal) but it equally may not become clear for a few months yet.It will be just as relevant to keep an eye on drilling plans of others, given the availability of rigs in the area.

[jimarilo] 24/9/2018 08:23

Indeed will see what occurs this afternoon

Someone if funding our new strategy

[jimarilo] 24/9/2018 08:07

I just put an order in/ order filled

[dunderheed] 24/9/2018 08:05

Mildy positive share price reaction?!

[emptyend] 24/9/2018 08:03

No surprise, of course, to see hot money from Friday diving for an exit today, having got their premise for buying completely wrong. The question is, what happens now......?

[jimarilo] 24/9/2018 07:47

Agreed ee, there were still positives from the result and Gemsbok will is a much deeper play in any case

GBP don't have the cash to implement all that is in the above link regarding the newly promoted strategy that is indicating the deal to me

[jimarilo] 24/9/2018 07:35

PCL down a whopping 71%

GBP down 5.3% and massive volume of 2.7m, last Friday they traded 1.4m and that was big for GBP on the ASX

GBP closing flat basically

I expect news on the open of the TSXV, from AEC

This link changed on Friday and shows a completely different strategy, which is completely in line with AEC

The recent quarterly results said we would be looking for new assets as per this link and I thought that strange at the time, but all makes sense now