Global Petroleum Share Discussion Threads

[squibno1] 26/11/2019 12:38

RD - That comment still makes me shudder !

[ride daice] 26/11/2019 12:31

It's glowing in the dark.

[jimarilo] 26/11/2019 12:13

COS would will be vastly increase if one of the up coming wells makes a discovery, which is looking very likely as the majors are now in control of the drill bit

Shooting additional 3D will also have an impact

[fillipe] 26/11/2019 12:09

Folks starting to take some serious interest here.

f

[jammydodger1] 26/11/2019 12:05

15% COS too high risk

[jimarilo] 26/11/2019 11:52

Maersk drilling results tomorrow might get a steer on the Voyager and if it's next well is Total's Venus 1

also GBP AGM Friday

EE, considering our additional block and upgraded assets, where would you see a potential price estimate for a clean buy out ......a conservative 15p ?

[aimbagger] 26/11/2019 11:17

IG want 2.15p for £500's worth! Could this be about to move in a big way?

[aimbagger] 26/11/2019 11:00

Volume picking up here, people starting to take note of the level of prospective resources and the Mcap? Cash balance almost covers the cap on its own. She'll have been looking at Namibia in recent times, Namibian plays could come into vogue in the short term.

[emptyend] 26/11/2019 10:45

This is true. But one must also have an eye on the potential value if someone wants the assets. Sub £4mn market cap, including cash, is roughly nothing if Namibia should turn hot....

[jimarilo] 26/11/2019 09:16

Agreed, again the company don't mention funding, as if they have it covered

Partner or buyer works for me

[squibno1] 26/11/2019 09:00

as the GBP cash balance slowly erodes over time, the company's need for a funding partner becomes ever more critical. IMO share price unlikely to go anywhere until this happens.

[jimarilo] 26/11/2019 08:26

Same could be said for PEL29, mid case 3.66bn bbls to 9.64bn bbls

[jimarilo] 26/11/2019 08:18

I wonder if these additional potential reserves have been know to the counter parties through the summer and only now were able to announce to the wider market. We know there has been presentations to the industry, that Namcor didn't want the wider market to benefit

Circumstances may have changed

[emptyend] 26/11/2019 08:14

One of the striking things about these resource estimates (and indeed the other on their licences, IIRC) is that there is huge uncertainty about the volumes. If you look at the P10s today then they add to c 2bn bbls.....but the P90s are uninspiring.It would be quite helpful if next year's wells in nearby areas exceeded expectations, I suspect......

[jimarilo] 25/11/2019 23:42

Initial findings in the new PEL94 adds a further 1Bn barrels, this is just from 2D and mainly from Welwitschia deep in the Western half, the Eastern half is the same play as Cormorant and Osprey and still to have a seismic survey. Eco and others will drill their wells ahead of commitments on PEL94 giving a free heads up

Obviously PEL29 is the licence that needs drilling first, due to near term commitment

Combined potential so far 4.5 Bln barrels in two adjacent blocks

[investoroilandgas] 25/11/2019 16:26

It won't be long until the Majors start drilling in offshore Namibia, excellent news imo.

[jimarilo] 25/11/2019 11:11

Maersk Drilling results presentation Wednesday may get a steer on the sequence of events for the Voyager

[jimarilo] 24/11/2019 09:28

Maersk Voyager will be in the Walvis Bay today, to make preparations for it's next well

Hoping for it to be the Venus 1 well

[jimarilo] 20/11/2019 12:16

Total following Exxon into the Namibe basin, will they follow into the Walvis Basin ?

Angola’s National Petroleum, Gas and Biofuels Agency (ANPG) validated Wednesday in Luanda the proposals submitted by Sonangol, Italy’s ENI and France’s TOTAL for oil exploration in the Namibe and Benguela sea basins.

[jimarilo] 20/11/2019 11:58

Dear Colleague,

It is going to be an excellent evening at the Big Five Board Awards 2019 with +100 attendees from Africa's oil/gas gathering for high level industry networking, a Keynote from Ade Adeola of Standard Chartered and a charity auction. If you've still not registered, there are a few more hours to do so, registration closes at midnight.

Be in Good Company at the Big Five Board Awards
Ministry of Mines and Energy, Namibia
Africa Oil Corp.
Africa Matters
ACAS-Law
Africa Oil & Gas
Aminex Group
Azinam
Azinam/ Seacrest Capital
BP
Celicourt
CGG
Clifford Chance
Cofarco SAS
Dentons
Discover Exploration
Eco Atlantic
Eliotus
Eliotus
Energy Aspects
Energy Law Solutions
ERC Equipoise,
ExxonMobil
EY
GeoExpro Magazine
GeoSafaris
GeoPartners
Global Petroleum
GMP FirstEnergy
GPW + Co
Halliburton
Hannam & Partners
Helios Investment Partners
High Power Petroleum & Seapulse
IFP School Petroleum Economics and Management
Impact Oil & Gas
JJG Consulting International
KeyFacts Energy
Kosmos Energy
McKinsey & Co
Menas Associates
MGGS bv
Oando
Orca Exploration Group,
Oxford Business Group
PGS
Progressive TSL
RPS Energy
Seplat Petroleum
Seacrest Capital
Stellar Energy Advisors
SLR Consulting
Standard Bank
Standard Chartered Bank,
Svenska Petroleum
TGS
Total
Tullow Oil
The Business Year
Vieira de Almeida & Associados
Zenith Energy

...and many more.

For those who can't make it the Big Five Charity Auction is available online and we welcome you to bid on some items for a good cause.

Yours sincerely,

Gayle Meikle
CEO, Frontier

[jimarilo] 20/11/2019 11:56

Couldn't work a link below, to include the list of those attending tonight's awards evening

Namibia's Maggy Shino is one of the finalists...... Edit "Winner"

Global Pet one of the attendees as well as all the other Namibian players

[jimarilo] 20/11/2019 02:34

Strange the Bourbon vessels already in Walvis Bay (Bourbon Herald, Bourbon 504, Bourbon 506) and looking on Marine traffic the Maersk Voyager is heading to Walvis Bay

Could Voyager spud Venus 1 first ?

A279;

[jimarilo] 19/11/2019 08:09

Tooling up for Venus well looks to be early in New Year

[jimarilo] 18/11/2019 19:03

From ECO BB on ADVFN....... poster maccamcd18 Nov '19 - 16:58 - 5972 of 5981

I had a very comforting meeting with Gil & Peter Nicol (Scottish oil man) ...........and then went on regarding Guyana

Regarding Namibia

"Namibia hot property at the moment. Intimating some good news for us 3-7 weeks"

This is significant as we could be directly involved here at best, if not, could still have a very positive knock on effect. Certainly shows there is much activity going on in the back ground ;-)

Here is Gil last Wednesday speaks Namibia 8 mins in......mentions upcoming wells and corporate activity and all sorts of partnerships

[jimarilo] 18/11/2019 00:03

Seems Oranto extended their blocks in PEL43, which expired December 2018 and they have two renewal periods of two years each they, may enter into. A firm well is required to renew each period

If they took this option they need to drill a well this coming year in PEL43 adjacent to our 94

This is an old mandate (but highlights the above) and since has seen Rosneft sign an agreement with Oranto across their African interests