Global Petroleum Share Discussion Threads

[emptyend] 29/10/2019 07:20

Yup....that was the line I picked out from this morning's release too......potential for a farmout of both blocks together with 2+ possible counterparties interested..........may need to wait for the Namibian drilling progs to start before there are further developments.Haven't checked back to compare wordings, but Gemsbok comment re seeps sounds more positive? "Repeating oil seeps on faulted flanks" etc?Italy also looks likely to move forward next year once the final legal hurdles are cleared?

[jimarilo] 28/10/2019 23:01

Again from the ASX

"further contacts were made with counterparties in relation to a potential farm-out of PEL 0094 and PEL 0029"

[jimarilo] 28/10/2019 08:32

From the ASX: Notice of Annual General Meeting/Proxy Form

[jimarilo] 28/10/2019 00:10

CEO Gil Holzman will be presenting at the London South East Oil and Gas Investor Briefing on Tuesday 12th November at Brewer's Hall, London.

Gil will be providing an update on operations in Guyana following the two significant oil discoveries made this summer on the Orinduik Block.

Additionally, Eco is hoping to replicate these successes on its four Namibian licences, where it is currently reviewing growing inbound interest. With exploration drilling planned offshore Namibia by multiple oil majors in 2020, Namibia has the potential to be the world’s next oil hotspot.

The Investor event will be held at Brewers Hall, Aldermanbury Square, London, EC2V 7HR.

Register for the event -

[jimarilo] 24/10/2019 08:08

From Gil at Eco this morning in their Guyana update

"While we are extremely pleased with our Guyana discoveries and excited by our near--term drilling plans, we also continue to advance exploration and value creation on our four Namibian offshore blocks, where we are seeing an increased inbound interest and drilling activity in the region."

[jimarilo] 23/10/2019 10:58

Great new free resource, zoom in on the map to licence areas for details of ownership and industry news

[jimarilo] 23/10/2019 10:23

23 October 2019 : Namibia PEL 90 Sale Completed
Calima Energy Ltd.
October 23rd 2019, 3:01:09 am
ASX Code: CE1

Namibia PEL 90 Sale Completed

[jimarilo] 17/10/2019 09:36

Link below to the AOW conference program, start of November

Slide 9 Impact presenting on the up coming Venus well in wells to watch

Slide 11 Azinam presenting on the Aurora Prospect, Walvis Basin, Offshore Namibia (PEL44)

[jimarilo] 16/10/2019 14:19

It would seem to me, Stellar were replaced by Paul Howlett, who is a geologist and deal maker. Is possible they needed a more technical platform

From Linkedin

Paul Howlett Director/consultant
Company NameEnergy Explorers Limited
Dates EmployedDec 2007 – Present
Employment Duration11 yrs 11 mos
LocationLondon, United Kingdom
Consulting on new business and exploration projects, mainly using geological skills, for E&P companies both public and private, investment vehicles and consulting companies. Currently working as Exploration Manager for Global Petroleum Ltd, a publically-listed (ASX & AIM) exploration company with acreage offshore Namibia and applications offshore Italy. Contracts range in duration from a few years to a couple of weeks and have included work for Third Energy, Nautical Petroleum, 7 Capital, Wilton Petroleum, PA Resources, Falkland Oil and Gas, Azonto Petroleum, Salamander Energy and Azimuth.



Edit:Azimuth group holds Azinam, etc and Seapulse and all backed by Seacrest, co founders of ECO

[squibno1] 16/10/2019 13:52

Seems a long time since they sacked off Stellar.
Is all Peters time being spent with Tower?

[jimarilo] 12/10/2019 13:39

The Seapulse alliance allows them to drill first and farm down after discoveries, to profit and recover back costs.

It's a numbers game the more wells they drill the higher chance of success across their portfolio

[jimarilo] 12/10/2019 12:59

In the recent post regarding ECO they said they were reviewing a farm out over their blocks in Namibia, with a like minded company

Below is an example of Seapulse farming into Azinor in the UK. Both companies under the same group as Azinam (Seacrest)



Seapulse were due to drill at least two wells this year in Namibia and are a like minded company, as the backers Seacreast were also part founders of Eco and own Azinam (3% holders eco)etc

Are Seapulse now to deal with Azinam/ Eco, rather than M&P/Exxon/Azinam ? Might have been a stretch to think Exxon would deal with Seapulse considering the interest available. The ECO/Azinam partnership looks more likely with Seapulse, alike minded company and there being enough interest available to satisfy their alliance partners Maersk and Enquest

If the above plays out that would reduce the farm out potential for majors in the Walvis basin and offers more leverage for the likes of GBP & TRP. TRP are not currently marketing their blocks and have a major knocking on their door

Alice Carroll head of Marketing, in September moved over to ECO from Azimuth/Seapulse and has been promoting for Eco at events already as shown on twitter

[fardels bear] 12/10/2019 11:22

I quite like Bridgestone for my Beemer but I only ever run Michelins on the Porsche.

[emptyend] 12/10/2019 11:19

I'd be pretty sure that everyone is active now, as potential farminees will be kicking all the available tyres. Once drilling starts, they have to know what moves to make in the event of interesting results.

[jimarilo] 10/10/2019 00:42

Does this mean TRP,GBP and now ECO are all in farm out talks ?

ECO twitter page





Eco is reviewing potential farm out of its blocks and is considering a like-minded partner to join the Company on its licenses. Page 13



The Orange basin keeps coming back to me currently and it wouldn't surprise me if Total are first up to drill a well, full of confidence since their S/Africa discovery. A discovery here will be the long awaited catalyst

[yesyesno] 08/10/2019 16:34

Thanks for confirmed you are the idiot I always thought.

[jimarilo] 08/10/2019 11:57

This the conference where Paul Howlett was making his presentation (walvis basin) with Namcor and a presentation on the orange basin last week



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[jimarilo] 08/10/2019 09:12

Notice GBP on the ASX up 28% with a 100k buy

[jimarilo] 07/10/2019 23:29

With some detection work have found PH (employed by GBP) was presenting in London last week, on stage with Namcor. Promoting the Walvis Bay. I asked for a copy of the presentation and again it is an industry only item

I see Azinam presenting in Oslo today, "As the leading South West Africa-focused Oil & Gas exploration company"


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[jimarilo] 07/10/2019 20:45

YASRUB7 Oct '19 - 10:01 - 7203 of 7205

GBP is a play on whether the Peters can produce a farm out deal or complete take out. As said tiny market cap and 40% held, Namibia coming back in focus and perhaps the Italian interests might have some value to those looking at that area in due course when all the legalities are resolved. I have historically taken the view management due to holdings and age will get a deal done with my preference for a complete take out, for any larger player this can be taken out for pin money.

Good post Yasrub, I think you are quite right

Having accrued an additional block, the take out price will have increased since we last discussed it, potentially

[jimarilo] 07/10/2019 20:29

Think you need to read my post again, I asked if you were long or short ??

[yesyesno] 07/10/2019 19:38

Jimarilo, if that's aimed about me I've never shorted a stock in 30 years. I'm no longer trading, haven't for years now. Just got these dogs for fun bought way before ROSE was ROSE. Maybe one day aye?

Still waiting for your apology mate and the bet is still open - prove I'm shorting any stock and I'll be happy to donate £1k, lets make it £5k as I've just bought a property £40k under the valuation.

BTW - I here the arabs are going to invest in Nigeria big time maybe.

[yasrub] 07/10/2019 10:01

GBP is a play on whether the Peters can produce a farm out deal or complete take out. As said tiny market cap and 40% held, Namibia coming back in focus and perhaps the Italian interests might have some value to those looking at that area in due course when all the legalities are resolved. I have historically taken the view management due to holdings and age will get a deal done with my preference for a complete take out, for any larger player this can be taken out for pin money.

[jimarilo] 07/10/2019 08:50

Just looking at TRP, they have near three times more shares in issue than that of GBP, this is about to increase further in a fund raising for their Cameroon asset

GBP has a small free float as the Peters hold 40% and news of a deal here should have more of an impact

Holding 40% will have a significant effect in negotiations imo