Global Petroleum Share Discussion Threads

[jimarilo] 18/9/2018 08:00

Looks to me that ECO and AEC are going to make their moves before the C1 results and they then anticipate Exxon and Total currently sitting on the fence to make their moves after the C1 result

Taking out GBP or even taking 40/50% of the company and farming down to the Majors will see them recoup their investment and have a significant interest in PEL29

Obviously AEC are on the inside regarding C1

[jimarilo] 17/9/2018 13:45

Very interesting article here regarding ECO

Namibia: "At the moment, we are busy looking at least two additional opportunities." The recent interview Gil said they hope to announce an acquisition this month

This is totally consistent with AEC's replies and strategy, who are also looking at new opportunities in Namibia

Both expect the value of the opportunities to increase in value with success at C1 even if just a technical success, hence closing a deal before the results so news will be soon.... IF they are looking at GBP news will be soon here as well imo

[daniel levi bmd] 17/9/2018 08:29

FYI

Angus Energy, Bergen, Liargas & The Dirty Tricks That Fooled ShareProphets! Placing Ahoy!

Dan
x

[jimarilo] 16/9/2018 23:02

Nice picture of the West Eclipse in Walvis Bay, with Poseidon in the back ground, sometime before she headed to the C1 field



The Eclipse is drill ready, I wonder how soon this rig will be sprung into action

Exxon has just finished a two year contract with the rig and Shell has had recent dealings with the owners Seadrill. The Jasper Explorer drillship is also on stand by in the Bay

[jimarilo] 15/9/2018 13:22

Here is a look at the CPR for Tower Resources PEL10

The licence map shows in blue Jupiter Petroleum (GBP) next door to PEL10 for those that are new here

Just shows the fantastic potential here and next door in GBP's PEL29



Global's CPR PEL29

[jimarilo] 14/9/2018 09:41

What the Majors want ..Traps capable of hosting giant-scale oil (page 6)

Giant scale structural traps, Gemsbok ticks that box



Edit: Good read

[jimarilo] 14/9/2018 08:09

Agreed, we simply don't know, but the clock is certainly ticking

Eco look to be announcing a deal this month, but with whom we don't know, but there could be several in any case

Edit:

Certainly AEC have confirmed that they want to complete a deal ahead of the C1 results and rift basins are one of their preferred plays

[emptyend] 14/9/2018 07:55

Whilst I am sure potential partners/buyers will regard C1 as an important pivot point, there could easily be a difference of opinion over terms - and one that can only be settled after getting the results of C1. So whilst it would be better (ex post) for one party or the other to have dealt before C1 results were known, it may simply be impossible.

[jimarilo] 14/9/2018 07:45

Time will tell if today was the last day to buy at a discount. Closing a deal ahead of C1 results will be a priority

Removal of the mandate on Stellar's website says to me, we are off the market and very much in negotiations

There must be around 10 trading days left after today, before they get a sniff of success at C1.

Will they take it to the wire or will it be closed well before then ?

[jimarilo] 12/9/2018 09:35

Spread is tightening 2.5p to sell 2.52p to buy online

[jimarilo] 11/9/2018 23:18

In fact USA based company links not sure why they mention GBP

[jimarilo] 11/9/2018 08:59

I wonder if at tomorrows AEC presentation and they are looking to raise funds they will have to declare their new positions

My email reply said they would announce any new investments by press release

So one to look out for

[jimarilo] 10/9/2018 23:32

How about this one

Some months ago TRP replied to me confirming they had relinquished PEL10 as operator again and were looking to apply for new blocks

Here is their new presentation NOTICE they are re-applying for PEL10 and new blocks
I have noticed on a recent presentation describing new comers to Namibia including Repsol and thought it old news, but are they coming back ?

PEL10 is next door to GBP PEL29, both are hugely prospective

Peter Taylor holds 4% TRP and 20% GBP



Here is the ECO presentation just a couple of days old (click on the two small arrows in the middle of the picture. Page 15 New entries includes Repsol



With cheaper rig rates I always thought Repsol could come back, will there be a deal with Repsol in PEL 29 and PEL10 ??

[jimarilo] 10/9/2018 11:50

AEC announced this morning they are to present on the 12th at Pareto Securities Oil & Offshore Conference



They presented there last March and raised $45m with Pareto, looks like they are going for another raise.......I wonder why ??

[jimarilo] 10/9/2018 08:58

"Strategic Alliance Agreement with AOC to bid jointly on any new assets or ventures proposed to be acquired by Eco"

"Africa Oil Corp. recently invested CAD $14m in Eco Atlantic and is a ~19% shareholder of the Company. Currently with over $400m cash in hand, it has formed a Strategic Alliance with Eco Atlantic to seek new mutual exploration opportunities"

[jimarilo] 09/9/2018 21:23

Upbeat Outlook for Oil & Gas Prospects in Namibia

Where this level of micro seepage has been discovered in other regions around the world, more than 80% have been associated with significant discoveries of hydrocarbons.

[jimarilo] 09/9/2018 18:51

Very important link, interview with Gil from Eco



Near the end of the interview he said the company have been busy in recent months as per the recent results, looking at and negotiating new opportunities

Says he hopefully has news to present to the market in the coming months and corrected that to this coming month. The interview was on the 31st August

Having had a couple of email replies from both AEC and ECO. AEC look to be certainly increasing their foot print in Namibia before the C1 result, Eco confirmed their would be corporate activity going towards the up coming wells

However this is the first time Gil has said he hope to have news this month

This looks to be a combined effort from the two companys that are connected and their both backed by AOI who have $400m free cash to spend

As I posted before AEC specialise in two play types, one of then being "Rift Basins"

That is our play type

[jimarilo] 08/9/2018 19:22

Good post from Marmited from the GBP BB on LSE

With a bit of research it is easy to find some key evidence of what the majors look out for. As per my previous ramblings, the second 2D survey 2017 conducted to assist in filling in the blanks is a very real game changer here. Repeating Oil seeps across the faulted flanks of Gemsbok, some 200km in size
will be of interest.

As I posted previously, a review of 2,700 US and international exploration wells with a microseepage anomaly drilled around the world, 82% were completed as gas or oil discoveries. Only 11% without associated seepage resulted in a discovery.




With the help of Pancontinental (see link below), looking at diagram B on page 2, it shows all the interpreted oil seepages across the Namibian coastline from 1996 – 2010. You will see the licences which the Majors have snapped up are in locations of clusters of oil seeps. Tullow, Galp, Exxon, Total and Shell, multiple targets/structures within the licence areas.

Take Note: What is missing on diagram B is GBP’s oil seeps. The oil seepage along the faulted flanks of Gemsbok were not interpreted until the 2017 survey. Whilst we remain under the radar with investors, I very much doubt the same can be said of the oil industry, indeed, Pancontinental’s ASX announcement states ‘Diagram B highlights one of the key technical factors focussing the industry’s attention. This is published offshore oil seep data showing the seeps are clustered in the same general areas and on the same trends. In other words, where oil is most likely to be found”.



GLOBAL OFFSHORE SEEPS DATABASE - Gemsbrok will have been added.

We utilize Synthetic Aperture Radar (SAR) images to detect naturally occurring oil seepage in deep and ultra-deep waters, and in untested offshore frontier basins. This technique led to the development of our Global Offshore Seeps Database (GOSD) and its incorporation into Seep Explorer, which has rapidly become the industry standard with support from the majority of the world’s oil companies.

The early detection of active oil and gas seeps in frontier or under-explored basins can greatly reduce exploration risk by establishing both the presence of a mature source and, by inference, the existence of oil and gas accumulations (from which the seeps originate).

[jimarilo] 07/9/2018 20:46

Don't know why ECO holders (same holder) have to come here to drum up followers and slate little old GBP, touch insecure ? ;-)

[emptyend] 07/9/2018 19:34

?...erm ......at least GBP's block is in the same basin as Cormorant. Most/all of the wells to come in this round are actually in a different basin......

[penfold6] 07/9/2018 19:11

'Success at C1 will reduce the geological risk on some of these opportunities but make them more expensive.'

'some'...Not GBP...it's 100+ miles away in different geology. #noviceinvestorspumpanddump

If people want a punt on C1 hitting pay(although unlikely with only 15% COS), they should either invest in CHAR(next to drill with higher COS) or ECO(higher COS).

C1 will tell a lot though if it hits something, but Dry would be bad for those solely focused on Namibia.

[cashandcard] 07/9/2018 16:02

Jim,

"We want to be early in frontier regions so that we are not paying a premium"


ECO Atlantic?


Cash

[jimarilo] 07/9/2018 15:50

27th August 2018

WFW advises Azinam on Namibian offshore farm-out agreement with ExxonMobil

We have advised on a number of oil and gas transactions in Namibia recently and we expect that the activity in the region will only increase as the market heats up in the run up to various drilling campaigns planned over the coming months”.

[daar] 07/9/2018 14:43

Golden cross baby!!