Global Petroleum Share Discussion Threads

[jimarilo] 02/10/2019 13:41

It's confirmed the Poseidon drillship will be in Walvis Bay this afternoon and will stay until it secures a new contract

[jimarilo] 01/10/2019 18:35

Underplating and contourites: controlling the distribution of source and reservoir rocks in the northern Walvis Basin, Namibia
Paul Howlett, Royal Holloway University

Olympia London | 1st - 2nd October 2019 Africa E&P Conference

Listed at the foot slide 3 of 3


As per Paul's profile here, he is currently working for GBP

[fardels bear] 30/9/2019 18:12

They get bonuses? What for?

[yesyesno] 30/9/2019 14:45

Seems an hell of a long time since these sold their FOGL shares for over £20m doesn't it? Every year since all their account need to say was;

Paid Salary & Bonuses.
Spent as much as possible.
Did fug all.

Andy Gotawawithit
CEO

[jimarilo] 30/9/2019 09:34

Certainly there is news coming generally in the region, farm out news and up coming drilling plans as per Gil Holzmans interview

Can GBP be part of that news is the big question

[squibno1] 30/9/2019 09:02

During the year ended 30 June 2019, the Group recorded a loss after tax of US$1,734,589 (2018: US$1,965,570). The cash balance at 30 June 2018 amounted to US$2,786,791 (2018: US$4,928,998).
GBP need this funding partner soon, very soon.

[jimarilo] 30/9/2019 08:32

"The Company remains very positive with regard to the prospectively of its Namibian assets, noting that oil & gas majors continue to make significant acreage acquisitions offshore Namibia. Global continues to monitor opportunities which might complement its existing portfolio of exploration assets, and remains open to strategic growth of a more structural nature."

They are still very positive, with the director connection of TRP and given TRP's delay in funding are we about to do a deal in Namibia and take on a share of TRP's Cameroon drill ?

[emptyend] 30/9/2019 08:22

The first six months of next year will either be make or break here, I think. Lets see what the other Namibia drilling turns up.

[fardels bear] 29/9/2019 21:36

Cheers Jim.

[jimarilo] 29/9/2019 21:27

This may help, it's Eco's recent Presentation

Their PEL30 is adjacent to our PEL94 and 29

[fardels bear] 29/9/2019 21:26

I'll have a look at that thanks Jim. I believe I still hold some TRP but they've probably consolidated me down to about five shares over the last ten years. GBP looks interesting, as a punt.

[jimarilo] 29/9/2019 21:19

Hi FB, not much at all, apart from what is on the website "Operations"

The company are not big on talking the company up it seems, however the previous quarterly results announced in one line, that they started initial talks with counter parties regarding farming out both our Namibian blocks

There should be final results announced early this morning on the ASX


Here is the PEL29 CPR



Here is the updated Tower Resources CPR for the Welwitschia prospect (formally Delta), which covers the Western half of our PEL94 (previously part of the old PEL10)

[fardels bear] 29/9/2019 20:53

This is interesting, Jim, and you look like you need someone to talk to. Are there any presentations or broker notes anywhere?

[jimarilo] 29/9/2019 17:51

The Poseidon due back to the Walvis Bay Wednesday

[jimarilo] 28/9/2019 09:51

This is the presentation from the Africa E&P Summit May 2019 (not on the Azinam website) and before Exxon farmed into PEL44

Not seen this posted anywhere before

[jimarilo] 26/9/2019 21:10

Paul Howlett presenting next week

Underplating and contourites: controlling the distribution of source and reservoir rocks in the northern Walvis Basin, Namibia
Paul Howlett, Royal Holloway University

Olympia London | 1st - 2nd October 2019 Africa E&P Conference

Listed at the foot slide 3 of 3




However as usual presentation for industry players only

[jimarilo] 26/9/2019 08:06

Interesting the Poseidon drillship is heading south from Angola currently

[jimarilo] 25/9/2019 14:24

The AziNam presentation (Namibian Oil & Gas Conference 23rd April 2019) shows on slide 7, a line up of wells, Osprey (PEL30), Channel 2 (PEL44), Prospect W (PEL71 Char), Wolf S/Africa, Marula S/Africa, Target 5 & 6 are in negotiation (as per slide 4), Fan 7 not sure what that is as yet



So, Osprey and Channel 2 are penciled and if you count the lined up wells on slide 7 and miss out Prospect W, (which I think will be way down the line) that corrects the list and has target 5&6 in order.

However where are the two target wells 5&6 ? As they are under negotiation are they on potentially new blocks, with a new partner ???

Edit: the presentation date works with GBP's quarterly announcement, that the company started farm-out talks in the second quarter

[jimarilo] 24/9/2019 09:08

From SQZ results today

Serica is running an active farm-out process with an open data-room and a number of oil and gas companies are reviewing the opportunity to drill an exploration well on the licence. Recent drilling results offshore Namibia have strengthened the case for drilling the giant Prospect B, Serica's highest ranked prospect on the blocks. Evidence points towards a regional seal rock that would trap migrating hydrocarbons, thus benefitting deeper prospects. Prospect B lies below the seal rock and in close proximity to prognosed rich oil-generating source rocks, making it an ideally placed prospect.

Namibia is being taken seriously. As has been said before all the premium blocks have been taken and buy out or farm out is the only options to take a position

[jimarilo] 23/9/2019 12:32

In Namibia, ECO has 4 large oil blocks, all have been worked up and two are drill ready. They are in the process of farming out the blocks. Total, Shell, and Exxon are among the majors that have taken positions off-shore Namibia. There will be 3 or 4 wells drilled there over the next year or so. Azinam, Eco’s partner and a subsidiary of Seacrest are planning two wells, one of which hopefully will be on Cooper, a block they share with ECO. I expect some news here in terms of a farm-in partner and firm drilling plans within the next 6 months.



Someone else thinks PEL30 is going to be one of the first wells to be spud in the up coming wells . Gils time lines are much closer than in this link. But we are more interested in our deal in any case ;-)

The number of wells will be more than stated above, two Seapulse/Azinam/M&P/Exxon, two Galp/Exxon, two Shell/Kosmos, one Total

[jimarilo] 22/9/2019 20:47

“We are very pleased with the award of this vessel of opportunity contract from Nabirm, which further strengthens our belief that we are well placed to deliver significant value to customers operating offshore Africa, and that the importance of the African market will increase going forward.We are working on developing a 2020 multi-client campaign offshore Namibia, which will allow us to deploy a vessel to the region.”

[jimarilo] 21/9/2019 10:24

Gil Holzman interview

Mainly Guyana but listen from 10 mins ref Namibia..

"Its the Second hottest exploration area after Guyana.. News coming out on farm outs, new partners, well plans etc.."



It is about time, obviously much going on in the back ground, looking like deals being done ahead of a drilling campaign, season window between now and Q1

[jimarilo] 21/9/2019 10:22

Total..Together with neighboring Namibia, Southern Africa is today considered a deep offshore exploration hotspot

[jimarilo] 19/9/2019 12:45

Seabird won this contract earlier this year which was due to start Q2 2019


Again just announced a further contract in Africa


They have been using the Nordic Explorer, which has been all over the shop in offshore Namibia in recent weeks/months. Both announcements say Africa or West Africa and no mention of client. The vessel is currently berthed in Walvis Bay, set to go again