Global Petroleum Share Discussion Threads

[jimarilo] 28/9/2018 22:44

Here is a link to Azinam's /Eco PEL30 bordering the eastern side of GBP's block 2011A

Said to have 1bln barrels of recoverable resources



GBP's PEL29 to the west of 2011A 3.66bln prospective barrels

Oranto bordering the south with 2.5Bln barrels

2011A it's self has at least the same as PEL29

We seem to be sitting in the middle of a potentially massive oil field and we are valued @ around cash

Not sure this can carry on much longer imo

[gaddy88] 28/9/2018 20:25

That was a long week

[jimarilo] 28/9/2018 15:51

Oranto are directly below our new block 2011A and they claim to have 2.5bln barrel potential

Since they wee looking for a farm out deal they have stuck a deal with Rosneft across all their African prospects

[yesyesno] 28/9/2018 15:09

A statement isn't chatting. but a reply is so here fill ya boots.

I still hold, but bloody idiots talking about buys & sells does my noggin.

Best wishes.

[jimarilo] 28/9/2018 14:26

"YESYESNO - 18 Jun 2018 - 13:46:18 - 6155 of 6622 Global Petroleum - GBP
That's me out of ADVFN, can't be doing with this click this rubbish.

Happy investing everyone, I'll find chat elsewhere."

Welcome back yesyesno, with your glad tidings

[yesyesno] 28/9/2018 09:09

God, the are some nieve people on these boards and stupid ones to who treat them as experts.

[jimarilo] 28/9/2018 08:31

I feel we are like a sitting duck at this price and shooting season happens to start on Monday

They are still happy to take 100k at a time online, which is unusual, someone is taking them

[jimarilo] 28/9/2018 08:18

From Serica this morning, " Exploration activity has increased in the region, with exploration wells being drilled in the near term and an increase in M&A activity"

Do they know something we don't ???

Namibia

Luderitz Basin: Blocks 2512A, 2513A, 2513B and 2612A (part), Serica 85%

Serica obtained a one-year extension to the first renewal period of the licence running until the end of 2019. This licence period does not include a commitment to drill a well. The excellent 3D seismic data acquired in a major seismic programme operated by Serica has identified giant carbonate prospects as well as large Cretaceous fan prospects supported by seismic anomalies. Regional studies have shown that the location of the licence in the Luderitz basin is ideally placed for source rock maturity. Exploration activity has increased in the region, with exploration wells being drilled in the near term and an increase in M&A activity. Serica is seeking partners to participate in a further exploration and has secured the services of a specialist A&D company to assist in marketing these opportunities.

[jimarilo] 28/9/2018 07:12

Char confirms the above



TPR this morning

We are also working to conclude the terms of a new Petroleum Agreement with the Government of the Republic of Namibia. We remain very excited about the prospectivity of the blocks covered by the agreement and Namibia in general.

They are in for the rest of PEL10, which used to include our 2011A block, but they are aslo in for a further block, be interesting to see where

Block 2011A will be surrounded by TRP, ECO and Oranto to the south who have recently partnered with Rosneft

[jimarilo] 27/9/2018 22:03

The Poseidon has moved from the C1 location, the ship is moving under the disguise of Tugs and Special Craft

[jimarilo] 27/9/2018 15:09

Demand will be back for sure, whether from a mystery buyer or herd etc, once the Poseidon is underway from C1, which must be anytime now

MM's maybe trying to win some shares on the cheap, before hand

[gaddy88] 27/9/2018 12:05

Joe - Probably a combination of both to be fair. Looks like we may have a pause until more news flow is due from us and the surrounding interests later into Q4. I won't be topping up personally as I have other targets in mind but a good price to do so as it has been shown how quickly it can move.

[stephen2010] 27/9/2018 10:54

Check out UKOG Extended flow test about to start anyday now on the Kimerage zones which flowed at over 1300 bopd agregate in 2016 on the short term flow test. Also official declaration of commerciality to be announced anyday, on the recently sucessful flow test of the portland zone, on their Horse Hill descovery well.
About to re-rate so be quick. Fully funded into 2019. Huge huge upside! DYOY :)

[joestalin] 27/9/2018 09:40

SP has been creeping down in the last few days. MMs playing games, or just lack of interest?

[jimarilo] 27/9/2018 07:25

Eco's PEL30 near 1bln barrels adjacent to our block 2011A, get their drill clearance

I imagine they have a very good idea what lye's within 2011A

Eco and its partners have identified the "Osprey" prospect on the Cooper Block, an 882 Million-barrel Aptian/Albian target within a sand filled channel and fan system in the Cretaceous sequence. The prospect is estimated to contain as much as 882 million barrels of oil equivalent (Gross Prospective - Best). The licence partners on the Cooper Block continue to contribute their own independent analysis and to work towards determining an exact location for the drilling of an exploration well on the "Osprey" prospect.

[jimarilo] 27/9/2018 01:09

Even if the Chariot's Prospect S comes back as another dud, a flurry of offshore asset deals support by improving oil prices, will likely see in a new wave of frontier drilling by deeper-pocketed oil majors further down the road.

[oilretire] 26/9/2018 09:56

Told you I'd not being paying attention :-)

[jimarilo] 26/9/2018 09:53

Changed days from the Falklands campaign, am sure there weren't any companies with assets there pre-drill with a m/cap @ £4.5m

Oil I posted the results this morning, from the ASX

[oilretire] 26/9/2018 09:52

and November......

[oilretire] 26/9/2018 09:51

Final results out..........

Italy tribunal hearing next month - not sure if that's new or I've not being paying attention :-)

[jimarilo] 26/9/2018 07:46

He emailed me early September saying they wanted to be in before the C1 results to take advantage of cheaper prices

I expect the same strategy to apply regarding Prospect S they will need to be in before the results

Char has a greater cos than C1 which was 15%, PS is 29%

Gil has already said the Majors are sitting on the fence until the results of both wells,

I can't see AEC etc waiting the full term of the well particularly with the chance it could drill very quickly as per C1, which has caught everyone out

Time will tell

[jimarilo] 26/9/2018 07:19

"It is believed that potential farminees have decided to await the results of the drilling being carried out in Q3 and Q4 2018 by operators nearby."

You were right ee little bit longer wait, however if Char strike there would be a mad rush. Is AEC going to act before Prospect S results, as they were going to do before C1 results

Soden, seemed happy enough with the C1 results above

Finals

[jimarilo] 25/9/2018 20:05

Very short interview with Garrett Soden, not giving much away

He already confirm to me that he is looking at new opportunities in Namibia and would make a press release when they make an investment, but makes sure he doesn't mention Namibia here ;-)



Email reply, don't want to show whole thing, said as much as he could, none committal on the quotes,

Edit:

"We will continue to process the data in Namibia to determine the best course of action with our acreage position there

Of course, we continue to review new venture opportunities and hope to add assets to the portfolio"