Global Petroleum Share Discussion Threads

[jimarilo] 06/1/2020 11:05

Survey vessels in block 2112A PEL37 and going south currently

[jimarilo] 05/1/2020 19:13

The PGS survey seemed to have a bit of time out, but are now back at it and following up the 200m contour line now entering the lower PEL37. So a wider survey than I first thought

Certainly the Welwitschia deep prospect has been well covered, which is interesting as it has already had 3D coverage. Would great news if the Gemsbok and PEL29 is covered, before the survey is concluded

Something is definitely cooking and may be the precursor for some corporate activity GH was talking about

[jimarilo] 03/1/2020 17:14

The survey vessels have turned south at the northern border of PEL94. So have not entered into TRP blocks
Apart from Namcor I would like to know who is directing this show

It very much looks like they could be checking out the fairway between GBP blocks and PEL82&44 , Exxon have an interest in both blocks

Time will tell

[jimarilo] 03/1/2020 09:52

Currently back in PEL94

[jimarilo] 03/1/2020 00:19

PGS signed a 10yr contract with Namcor 2012



This link is regarding the Namibe basin just completed for Namcor, but Exxon will be all over this for sure



Other surveys completed in 2012 & 2013





The new survey in the Walvis basin currently in operation probably a 3D shoot

[jimarilo] 02/1/2020 22:00

Currently over Oranto's PEL43....S21 / E011 , makes you wonder who is the client is and is it still Exxon ?

Certainly this is now a Walvis Basin survey and is working on the deeper blocks including ours

[jimarilo] 02/1/2020 17:57

Worth keeping an eye these PGS vessels, still shooting seismic surveys. They reached as far as the bottom of PEL34 down the eastern boarder line and now on the return journey north again



Licence map with the longitude and latitude references on the circumference

[jimarilo] 31/12/2019 14:28

Quarterlies end of January

[jimarilo] 31/12/2019 06:51

PGS vessels currently surveying through Welwitschia deep in PEL94

[jimarilo] 31/12/2019 00:53

Seems to be a standard policy adoption on the ASX currently, many other companies complying

[jimarilo] 30/12/2019 20:07

Counting the pictures from the end up 15 and 21 GBP in attendance by way of Paul Howlett at the recent Frontier Big 5 awards. Paul pictured with Impact oil & gas Mike Doherty clearly having a good time and Envoi's Mike Lakin, currently working on the Serica farm out



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[jimarilo] 30/12/2019 19:46

The link shows four blue vessels heading south and the pink dots shows it is shooting a seismic survey. Placing the cursor over the vessels then shows the longitude and latitude positions in the top right corner. Two of the vessels are the Sanco Swift and the Sanco Scorpio. They may have finished in the Exxon blocks and are possibly heading home, will have to wait and see. However currently they are running down the dividing line between block 1910A and 1911 (TRP), which puts them on course for the boarder between our PEL29 & 94 . They did this before when heading north to the Exxon blocks some weeks ago



Licence map with the longitude and latitude references on the circumference

[jimarilo] 29/12/2019 01:02

With 3 days to go for the IMO 2020 Low Sulphur Fuel Oil Regs to take effect, LSFO prices at Fujairah(Saudi) and Singapore are rising into the stratosphere!

New sales price records have been set virtually every day over the past few weeks.

LSFO at Fujairah, the largest ship bunkering facility in the Persian Gulf is currently averaging $117/bbl with prices up to $127/bbl paid for smaller sized orders. The spread with heavy(3.5% Sulphur) fuel oil reached an astonishing $71/bbl today.

At Singapore, LSFO is currently averaging a record $106/bbl with prices up to $110/bbl paid for small orders. The spread with heavy fuel oil also set a record $51/bbl today.

MGO is currently $104/bbl and $113/bbl respectively at Fujairah and Singapore.

[jimarilo] 27/12/2019 03:21

I prefer to buy something thats gone down, not up

Buy some PHAR ;-)

[fardels bear] 26/12/2019 23:50

Buy some JSE and PTAL, Jim..

[jimarilo] 26/12/2019 23:23

S/A moving the goal posts. Not good news for Total, Azinam, TRP, Impact, AEC and AOI


https%3A%2F%2Fwww.google.com&_tf=Fr%C3%A5n%20%251%24s&share=https%3A%2F%2F
www.bloomberg.com%2Fnews%2Farticles%2F2019-12-24%2Fsouth-africa-proposes-20-carried-interest-in-oil-and-gas-law

[jimarilo] 23/12/2019 11:51

Total on a spending spree, just increased their foot print in Angola, now enter Suriname $5bn carry for Apache



If they like the look of Venus 1......anything could happen

[jimarilo] 12/12/2019 12:02

End of year event for Nampoa 9th Dec, GBP is a member

Yolanda, Azinam's Accountant addressing the party, including Exxons rep in the pink

[jimarilo] 12/12/2019 08:54

Interesting this popped up this morning on Linkedin from Frontier and the E&P summit back in May. An interview with Jan Maier of AEC

ER: ARE YOU LOOKING AT FURTHER EXPANSION?
JM: Well, we have a lot on our plate with the follow-on prospects at Block 11B/12B. Of course, we’re assessing opportunities that we’re familiar with in terms of the play. We’re looking at areas where the petroleum system is working in blocks that have some running room. We’re looking purely at exploration in conjunction with Africa Oil Corp., which is our largest shareholder.

[jimarilo] 11/12/2019 08:26

11 December, 2019

Maersk Drilling signs up Halliburton and Petrofac for the Seapulse exploration drilling programme



Namibian news due soon from Seapulse and Azinam ?

[jimarilo] 10/12/2019 23:15

This is a great diagram showing the wells drilled in Namibia and the depths in relation to the Aptian shale seal. This shows how fantastically short the Welwitschia well of reaching the now perceived target

[jimarilo] 10/12/2019 10:09

Namibia Quickly Emerging as Africa's Next Oil Hot Spot for Majors

[jimarilo] 06/12/2019 15:11

Namibia & South Africa New Ventures

Alan Driscole,Beagle Geoscience Limited,Africa E&P Summit,23rd May 2019

[jimarilo] 06/12/2019 09:41

The high costs associated with deep-water drilling moved focus to shallow waters in the down turn and left GBP stranded for years without a chance of a farm out
The majors know that the bigger prize is found in the deep-water and the associated drilling costs are down significantly. Exxon are the biggest player in the North of Namibia, but don't expect them to have it all their way

Total/QP have partnerships with Lundin based companies (AOI, AEC, ECO, Impact) and so do Azinam...co founders of ECO

Of course there is Shell/Kosmos and others yet to set foot in Namibia

[jimarilo] 06/12/2019 08:35

the trend of shallow water exploration is now shifting to deep-water and ultra-deep waters for the western offshore of Africa due to the current market scenario and fluctuating crude oil prices is also reflecting positively on the West Africa offshore mooring systems market.



Looking at The Walvis basin, there are not many deepwater blocks on offer and most of the blocks taken are in the near shore area.......are they now in the wrong blocks ?

GBP appear to be sitting where the majors are turning their focus imo