Share Name Share Symbol Market Type Share ISIN Share Description
Global Pet. LSE:GBP London Ordinary Share AU000000GBP6 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.75p 1.50p 2.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.8 -0.9 - 3.07

Global Pet. Share Discussion Threads

Showing 9951 to 9975 of 9975 messages
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older
DateSubjectAuthorDiscuss
17/3/2017
15:35
Fair point re an all-paper deal with loss of control - but even the Peters will care about 7 figures.Not sure why the CEO has been paid that.....Or for what. He hasn't had a long "to do" list.....Nor accomplished much of it, I suspect.
emptyend
17/3/2017
09:30
Also cash will deplete by a fair bit this year. If you include the costs of the anticipated 2D seismic in Namibia then cash will be down to about 2p per share ($5M) by the end of the year. It's worth bearing in mind that 3 years ago, just before the oil price crash, they had $20M. Can you point out anything of value this lot have created since then? It's not like they've spent anything on drilling or production? According to the last account, the CEO Peter Hill's renumeration was $575,903 last year and $574,573 the year before. Not bad considering. At least somebody is doing well out of this.
hugepants
17/3/2017
09:26
Directors own 40%+.....of course they care! I'm beginning to wonder if these guys' GBP shareholdings are just a small part of their overall wealth. Also I think this is a good case of smaller shareholders interests not being aligned with the larger ones. What may be a great offer for smaller shareholders probably won't work for these guys. If it's an all paper deal they will be left with significant illiquid shareholdings but no control.
hugepants
16/3/2017
09:40
From Tullow results:During the year, there was a focus on interpreting previously acquired seismic surveys to prepare prospects in advance of making the decision on whether to drill. Encouraging oil plays have been identified in Blocks C3 and C10 in Mauritania and in the PEL30 and PEL37 licences in Namibia....will warm words translate into action if a rig becomes available in Namibia without material mob costs?
emptyend
16/3/2017
09:27
Directors own 40%+.....of course they care!In fact they are probably more frustrated than the rest of us. More relevantly, as and when something positive actually happens, it'll be tough to buy a decent stake.I suspect that the key to progress will either be a more constructive view of Namibia (what has happened with the well planned there by Tullow?) or finally clearing the Italian regulatory issues.If the acreage starts to look attractive and prospective, the current market valuation is option money.
emptyend
14/3/2017
14:20
Interims out. Still hopeless but I don't think they care http://www.investegate.co.uk/global-petroleum-ltd--gbp-/rns/half-year-report/201703140811353717Z/
hugepants
05/3/2017
17:58
GBP - some v nice namibian exposure and as always, wait for the strike from a big gun, then these will rocket back to all time highs.
dingo75
05/3/2017
17:56
CHAR will get there. v clever deals. gigantic upside. well spread multi billion barrel acreage.
dingo75
05/3/2017
17:22
Yea now they do. Dates set only recently.
ileeman
04/3/2017
10:57
The difference is that MATD has two paid drills happening this year!
squibno1
03/3/2017
15:30
Considering the rises in some small cap oilers GBP looks like a good punt. MATD JOG All forgetten companies that have gone vertical. MATD was in a similar position to GBP, all time lows, cashed over cap, 3d siesmic results due. Very much unloved until it started hitting 10p, 20p then every wanted in.
ileeman
02/3/2017
17:34
.....between yesterday in London and today in Aus.
emptyend
02/3/2017
16:11
I see over 1mn shares traded today in Aus. That hasn't happened very often in the last few years....and represents nearly 2% of the free float.
emptyend
02/3/2017
11:40
CHAR up another 13%
ileeman
01/3/2017
13:44
Interesting to see that Chariot was up 37% on Friday, thanks to an Investors Chronicle tip. Similar sort of assets to GBP? apart from a fully paid up Morocco drill next year and some juicy stake in Brazil !
squibno1
01/3/2017
13:38
Had a few nibbles here. Silly not to considering board own 40% and cash almost double cap. As someone else mentioned owning so much of the company it is in their own interest to either start pushing out news on their current assets and/or aquire another asset, especially with oil/gas bouncing from major lows.
ileeman
28/2/2017
15:11
Looks interesting with the cash position and assets. Boring company over the years but that is the best way to be since O&G collapsed. They are well placed now.
ileeman
05/2/2017
13:58
Interesting to see that Chariot was up 37% on Friday, thanks to an Investors Chronicle tip. Similar sort of assets to GBP?
emptyend
24/1/2017
16:50
Note the new phrase near the end......."well-placed....to implement a change of focus through acquisition"......intriguing!
emptyend
24/1/2017
13:59
A bit of realism would be welcome after watching the BBC trying to pretend that Gina Miller possesses any kind of credibility. I continue to hold, but only until the cash runs out.
joestalin
24/1/2017
13:11
Fair point on the Peters - and a highly likely complication. However, it is my view that the best environment for doing a deal is the one we seem to be getting in the near term - ie oil prices in the third quartile of the recent range but with expectations that it will soon be in the second quartile. In other words, middle of the range - encouraging realism from all parties
emptyend
24/1/2017
11:07
Possibly the 2 Peters are only going to sanction a deal that keeps them in control ie. they may not be interested in a reverse-takeover type deal that leaves them out of a job even though it would give them a good price for their shares.
hugepants
24/1/2017
10:59
It's not easy to be optimistic here. They can't do a deal when the industry is bouyant with $100 oil and they can't do a deal when oil is half that price and the industry is in the doldrums! Two and half years ago they had over $15.5M cash and were banging on about how strong a position they were in relative to their peers. Sound familiar?
hugepants
24/1/2017
07:25
As I know from elsewhere, it is correct to say that there have been improvements in the outlook for development financings.....but it is still slow.However, they surely must by now have a clear idea of everything there is out there - and so what deals they think are preferable and viable.Certainly the fact that they are now spending some cash on seismic suggests that all is not lost re the prospects for their acreage in Namibia (written down though it is).If we start to see the prospect of a material move in oil prices (as the OPEC moves of late last year work down the excess inventories) that might kickstart action before services costs rise again?
emptyend
24/1/2017
02:57
Dec Quarterly reports out in OZ. 1,Italy delays /appeals - not at all unusual/to be expected there of course . 2.FC Cash down to 7.4m$ at end of this qtr because of big chunk of explo > 1m$ - presumably fc 2D shooting offshore Namibia. 3.Perhaps because they are rapidly running out of road in terms of cash the commentary here seems less negative than usual and suggests they are actually going to DO something for once - perish the thought . However, oil prices increased in the latter part of 2016, and market conditions for E&P financings have shown some improvement recently. Global remains in a strong cash position in comparison to many of its peers, and is thus well placed to fund work activity on its Namibian acreage, its Italian application interests (subject to award), and to implement a change of focus through acquisition. We have continued over the latter period to engage with counterparties holding what we consider to be attractive assets, and remain confident of making a key investment in due course TRP is such a rock bottom valuation (~ 3m$) after their knock down placing it must be a consideration but that would require some visibility on TRP's own cash req for 2D in Cameroon of course. Elsewhere I see Tullow are still after farming out their Namibian interests which might explain their dilatory behaviour with PCL. http://www.stellarlimited.com/Mandates%20Tullow-Namibia.htm Africa Oil still must be a farmin option you'd have thought.
ohisay
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