Global Petroleum Share Discussion Threads

[jimarilo] 07/10/2019 08:06

No Not me ;-)

[chopsy] 07/10/2019 07:52

Good write up by Oilman Jim today. That's not you is it?

[jimarilo] 06/10/2019 17:28

Management of both companies are in talks with potential farmee's

News is due of up coming wells and farm out deals apparently

I am now hoping that Eco don't drill Osprey or Sharon ahead of others as they are in a similar water depth to Cormorant and maybe a reason for Tullow walking away from Osprey (PEL30). Majors looking at ultra deep water plays imo

[jimarilo] 06/10/2019 17:28

double post, doh!

[cashandcard] 06/10/2019 16:42

Jimarilo,Once a large discovery is confirmed, small and microcap stocks like GBP/TRP will skyrocket.The problem until then is dealing with the internal issues. TRP boss is a liability and they are running on fumes. GBP management are commatose and their fate is in the hands of others.Cash

[jimarilo] 05/10/2019 23:58

Certainly, however BPC has a m/cap of £32m and last year £110m when in talks with a major

GBP want to farm out two blocks requiring at least two wells drilled, which may add value to the share price Eco have just had two discoveries with a 15% interest and have near £300m m/cap

You pays your money......or not

[fardels bear] 05/10/2019 19:34

Different times, Jim.. Every man and his dog was in oil stocks in those days. Chariot went from 30p to 324p Istr..

[jimarilo] 05/10/2019 16:25

Welwitschia prospect now in our PEL94, JA describes as a super giant structure

In PEL29 Gemsbok could be in a similar league, with additional prospects Lion and Dik Dik

Choje and Pangolin currently described as leads, but from an old map Choje looks significant and at least similar size to Gemsbok

Running up to drilling Welwitschia TRP had a m/cap of £200m and here we are sitting at £3m

Focus now, whether north or south Namibia, seems to be deep water exploration

It seems the game is coming to GBP, as it is now ticking more boxes for IOC's looking to expand or to enter into Namibia

[jimarilo] 04/10/2019 18:08

Another JA interview

[jimarilo] 04/10/2019 00:01

Interview with JA

Notice he mentions the Repsol well, but doesn't mention the targets they didn't reach

[emptyend] 03/10/2019 18:23

Hahahaha.....

[jimarilo] 03/10/2019 17:03

Were you long or short "ROSE" since 2013 ?

[yesyesno] 03/10/2019 16:25

As a management accountant I know how to read accounts. Clearly you don't.

[emptyend] 03/10/2019 14:20

...those who own the bulk of the equity take very little. Read the accounts.The two directors who have c.40% of the shares take c.$90k between them out of the $535k director remuneration total.

[yesyesno] 03/10/2019 12:22

Why would the directors choose to stop milking two fat cows to kill one off and half their earning proportional. GBP spent about $2m last year again and only about $200k was spent on exploration duties which is supposed to be their claimed purpose. Add to that what they have taken out of Tower and you'll see they even surpasses your average ex-tory chancellor's earnings.

[jimarilo] 03/10/2019 11:22

Africa-focused Tower Resources has engaged in talks with a “major international oil company” with regards to its blocks offshore Namibia.

[squibno1] 03/10/2019 11:06

"I'm tempted to think that a consortium of majors will end up taking out both Tower and GBP at the same time."
Hasn't that been our dream for oh so many years?
Surely if TRP are getting sniffs then it has got to be our turn soon.

[jimarilo] 03/10/2019 09:57

Ah....that makes all the difference thanks

In Namibia, seismic analysis on PEL-44 has led to the recommendation to drill 1 or 2 wells in 2020.

[emptyend] 03/10/2019 09:52

If I recall correctly, I think the word "net" was in there somewhere.

[jimarilo] 03/10/2019 09:49

GBP had two directors in the TRP camp and both companies added Namibian blocks last year, could this have been a joint effort to see both companies make the most of their position ?

GBP have "11,607 square kilometres (that’s nearly 3 million acres) make it one of the largest acreage holders in the region"

The above statement doesn't make sense, it is indeed a huge amount, but there are many others that hold more. If the blocks were combined with TRP, the acreage would indeed be one of the largest holders in the region

[jimarilo] 03/10/2019 09:12

"Tower has disclosed technical and commercial information to a major international oil company, in order to explore the potential to co-operate in respect of Tower's Namibian Blocks. This follows preliminary discussions initiated by that company and held earlier this summer."

GBP also started preliminary discussions at a similar time as per the June quarterly statement

[jimarilo] 03/10/2019 08:46

Wow, sharing directors it would not be a surprise, if there were joint talks going on for sure

The area would make for an excellent production hub, as all the surrounding blocks have CPR's with multi billion barrel potential

[emptyend] 03/10/2019 08:04

.....these are the blocks immediately to the north of GBP's.I'm tempted to think that a consortium of majors will end up taking out both Tower and GBP at the same time.

[emptyend] 03/10/2019 07:51

....developments at Tower, it seems.... hTTps://www.investegate.co.uk/tower-resources-plc--trp-/rns/namibia-update/201910030700015526O/

[jimarilo] 02/10/2019 18:06

Global Petroleum is a company rarely mentioned. It’s capitalised at just £3 million, but has a lot of assets, particularly its licences offshore Namibia, which cover 11,607 square kilometres (that’s nearly 3 million acres) and make it one of the largest acreage holders in the region