Global Petroleum Share Discussion Threads

[neo26] 26/2/2018 09:20

Why the sudden drop?I must say these two directors that own 44%of Co should resign they have made this a lifestyle company for themselves.Have achieved absolutely nothing last 4 years...

[jimarilo] 23/2/2018 17:31

The link below page 2 confirms the Poseidon will be ready stacked (drill ready) in Walvis Bay

Unfortunately you have to register to read it

"2.The Ocean Rig Poseidon has finished its recent one-well drilling contract with Statoil (NYSE:STO) offshore Tanzania and will be ready-stacked in Walvis Bay, Namibia."

[jimarilo] 23/2/2018 08:22

xxnjr1, from the Tullow BB

I hope he is right, we could have a super as operator

xxnjr1
22 Feb '18 - 11:24 - 31757 of 31763

Jimarilo - just had a look. Those *Chariot blocks/prospects for farm out look to be in more or less same water depth (or play fairway) as Exxon seem to be gunning for.

*Edit: Brain fade - I meant Global Petroleum blocks!

[jimarilo] 23/2/2018 08:14

Up coming conference 27th Feb-1st March Appex Global 2018

Prospect Forum Tuesday 27 February (11:40)
Duncan Wallace, Chariot Oil and Gas
"Drilling a Key Structural Test of an Emerging Play, Walvis Basin, Namibia"

Day3 Thursday 1st March
10:22 - 10:33 IP: Partnering with NAMCOR to unlock the potential offshore NAMIBIA Martin Negonga, Namcor

[jimarilo] 21/2/2018 13:49

The Ocean Rig Poseidon drillship, which recently completed a Statoil drilling contract in Tanzania, is en-route to Namibia, where it will remain “ready to
drill.”



Wonder if this Drillship is for Char ? If so could be drilling ahead of the Tullow well

[daniel levi bmd] 21/2/2018 13:37

FYI

LOL!!!

UKOG, LordLieALot (Lenigas) & Angus Energy, Game Over.....

Dan
x

[jimarilo] 19/2/2018 17:47

Stellar are in contact with 300 active buyers. The link below suggests 70% of companies that sign CAs, enter the data room. What ever the number you have to believe it all bodes well. Certainly you would expect Repsol, XON and TLW to be in the mix

They claim to have direct access to decision makers across the globe. Their most recent deal, was brokering the Tullow Namibian farm out

[emptyend] 19/2/2018 14:46

Would be quite interesting to know how many companies sign CAs....

[jimarilo] 19/2/2018 10:20

The timetable for each project is bespoke, designed to meet the Clients needs. The period from the initial meeting to making a first offer is around 8 to 10 weeks.



Possibly some news in March

[jimarilo] 19/2/2018 09:43

Spectrum discuss the hunt for a proof of trap (an up-dip bypass zone for the deposition of sediment or fault bounded) & the prize at the end, Namibian oil. (April 19, 2017)



"The presence of mature oil generative source rock below thick clean quartz rich sands is proven in the basin. All that this basin requires is the proof of a trap – an up-dip bypass zone for the deposition of sediment or fault bounded. The hunt for this last risk element is on and the prize will be spectacular."

[jimarilo] 16/2/2018 07:44

Up coming conference 27th Feb-1st March Appex Global 2018

Prospect Forum Tuesday 27 February (11:40)
Duncan Wallace, Chariot Oil and Gas
"Drilling a Key Structural Test of an Emerging Play, Walvis Basin, Namibia"

Day3 Thursday 1st March
10:22 - 10:33 IP: Partnering with NAMCOR to unlock the potential offshore NAMIBIA Martin Negonga, Namcor

[jimarilo] 15/2/2018 23:28

Repsol have blocks (Pel 10) back to back with Global, which also have fantastic potential. They will have a better knowledge of the area than most, having drilled the Welwitschia-1A

"An updated Competent Person's Report produced in 2011 identified a number of prospects in the Licence, including five targets in the Delta structure which, if oil and gas bearing, are estimated to contain some 9.3 billion barrels of recoverable oil and 14.5 TCF of gas."



The well come up dry, but had a catalogue of mishaps and delays from the very start, including a re-spud, as can be read below. This was also the fist outing for the new drillship. However, valuable information will have been gleaned. Could Repsol be a potential partner?

[ssrover] 14/2/2018 22:36

while we await further news here NUOG broke 1.2p resistance with HUGE volume of 66m shares. see this heading to 2p prior to transformational news which the company have stated in recent RNS's. up to 5 updates due anytime. 5p-8p short term target.

Also Neal Silverstein‏
@nsilverst2
Following Following @nsilverst2
More
So I hear that the CEO of MFDEVCO met with AKER today in London, I wonder what they’ve got in common oh it’s #NUOG go join the dots. So it won’t be GHF drill results, my guess is 1st MF deal 🚀

[jimarilo] 09/2/2018 16:15

Still valued under cash and sitting on 3bn bbls potential

Some odd dealing over the couple of days, some of it was me changing accounts

Nice to finish blue if we can

[emptyend] 07/2/2018 15:35

Not sure about that.....but the Tullow well will be lower cost than Gemsbok - though it is also targeting smaller amounts of OOIP. Somewhat swings and roundabouts but one would think that if a major was looking for a play in Namibia, 3bn bbls potential would be big enough to attract!

[jimarilo] 07/2/2018 14:32

Tullow's 35% seems some what poultry, compared to Global's Gemsbok prospect, not including Lion and Dik-Dik

Their deal would have been struck before GBP's significant upgrade of their prospects

They must be kicking themselves

[emptyend] 07/2/2018 13:47

Pancontinental said that the Cormorant submarine fan target was highly prospective for oil, with high quality underlying mature oil source rocks and an interpreted high integrity seal overlying the prospect.The water depth at the prospect is moderate at approximately 550 meters, and the total drill depth will be 3,830 meters below sea level. Drilling time to total depth is estimated at 30 days.In the event of success, several other, similar, large volume-potential turbidite prospects are available for drilling within the 3D seismic area covering Cormorant, and further prospective features are mapped on 2D seismic.The Kudu Shale source rock is interpreted to have charged Cormorant with oil of high quality by reference to regional wells. However, Pancontinental added that only drilling would be able to determine if this interpretation is correct.The company added that Cormorant was estimated to contain prospective resources of 124 mmbls of recoverable oil on an un-risked best estimate basis. The cumulative best estimate oil resource potential of the leading four mapped prospects in the block total 915 mmbbls of recoverable oil......Tullow have 35% of this 124mn bbls recoverable "high impact" prospect.....

[jimarilo] 07/2/2018 13:27

Tullow multiple high impact exploration campaigns

[splatted] 07/2/2018 12:06

Very much looking forward to this cork popping. It's gonna be one of the years biggest imho of course

[jimarilo] 07/2/2018 11:18

"Global Petroleum Limited ("Global") is offering a select group of companies the opportunity"

Yes Tullow will be one of the select group of companies, Exxon another. Companies with deep pockets,to move this forward

Tullow very up beat this morning and sound like could even have follow up wells penciled in

The potential upside from here below cash, could easily be in the double figures
Global must be the cheapest ticket in town to a ringside seat to a potential 3bn bbl block in Namibia

Interesting times

[emptyend] 07/2/2018 10:38

......I think the point about the outlook here is that all the companies that might be interested in drilling will be all over the dataroom before Tullow spud Cormorant in H2. The decision will then be whether the Cormorant well has a bearing on the technical prospectivity of Gemsbok - and I've yet to look at the details to assess that. But in the event that Cormorant is successful, that must surely help everything in the basin.....and with GBP potentially sitting on 85% of 3bn bbls, it should surely be possible to do something! We ought to be expecting a substantial rise from here over the next 6-9 months, given a cap of only £4mn and a chunk of cash cover.....

[the_boy_plunger] 07/2/2018 10:26

the paint taking time to dry

after all said n done, this needs to rise soon from here.......

[emptyend] 07/2/2018 10:07

....and also worth noting that Cormorant is in block 2012A, which is a block and a bit directly inboard from the 1bn+ bbl Gemsbok prospect (and the other 2bn bbl leads on GBP's blocks):http://www.globalpetroleum.com.au/operations/namibia....what would a drilling option on that be worth if TLW look like getting some success at Cormorant?

[emptyend] 07/2/2018 09:42

Worth noting from Tullow's results:NamibiaTullow plans to drill the high-impact Cormorant prospect in the PEL37 licence in Namibia in the second half of 2018 and preparations for drilling are under way. The well will target light oil and there are a number of similarly-sized follow-up prospects in close proximity. Also in Namibia, Tullow agreed a farm-down of a 15% interest in the neighbouring PEL30 licence to ONGC Videsh in November 2017. The farm-down is subject to Government and partner approvals with completion expected in the first quarter of 2018. This followed the farm-down of a 30% interest in PEL37 in October 2017, also to ONGC Videsh........Cormorant was in the headlines of the Tullow release too - so they clearly have high hopes of "high-impact"..........and, that being the case, you would think they would already be booked into GBP's dataroom!