Global Petroleum Share Discussion Threads

[jimarilo] 12/1/2020 17:36

Agreed !, but not ramping just stating facts ;-)

[aimshares] 12/1/2020 16:59

Jim I see your ramping GBP on the Trp board on Advfn and LSE B.B. and peeps are getting annoyed.I hold GBP and TRP let them make up there own minds if they want GBP or not .

[jimarilo] 12/1/2020 13:28

Compared with TRP, GBP have over 4Bln barrel potential in two adjacent licences in Namibia and four licence applications in Italy

TRP have significantly less potential barrels spread over four different countries. This significantly increase expenses for TRP compared with GBP

Plus GBP has 1Bln less shares in issue

[jimarilo] 11/1/2020 03:59

In 2020, a similar number of high impact wells are expected to spread across 10 countries with potentially six frontier play tests in Guinea Bissau, Kenya, Namibia, and Gabon. Total is testing a new play concept at a well in Block 48, Congo Basin Angola, notable for being the deepest water exploration well ever at over 3,600 meters.

This will be a similar concept for the Venus 1 well Namibia, also ultra deep water using the same rig

[jimarilo] 11/1/2020 02:07

The link shows even Cormorant was drilled short of the new concept target

Better still shows our Welwitschia deep prospect is up dip from Cormorant, where they found evidence of migrated oil ;-)

[jimarilo] 11/1/2020 01:43

The main reason, I guess is the lack of success in the region and with very little effective activity for many years

However exploration is very much back on the agenda and about time some would say. Majors are now lining up to stamp their authority on the region on the back of Totals Brulpadda discovery in S/A and Total looks to have the key to unlock Namibia

If you scroll down to the 5th post on this link it shows wells drilled in the region in relation to the new concept target Aptian seal. It shows how much further Repsol should have drilled the Welwitschia well in 2014. This may explain why PGS were shooting a 3D survey of this GBP prospect in recent days

[yasrub] 10/1/2020 19:09

Key for me free float limited, results in 10k buys moving the share price I still think compared to some other small caps in this sector that have high valuations this is way under the radar.

[jimarilo] 10/1/2020 17:00

True, but hoping they are not finished ;-)

This link will explain to why there is much excitement currently in Namibia and S/Africa

[emptyend] 10/1/2020 16:03

I can speak only for myself.....but they don't need to be very deep really......today's trading is less than £10k in total.

[jimarilo] 10/1/2020 16:01

I like these buys....small retail buyers normally buy by the amount of cash available. Todays buyer/s are buying by the amount of shares.....hence round numbers. Deeper pockets ?

[jimarilo] 10/1/2020 15:53

Even after the Peters holdings, there are relatively just a few that hold the rump of that c.55%

When news comes there would a substantial premium to pay, from the current price with the limited stock available in GBP

[emptyend] 10/1/2020 15:30

Thanks for the link.Worth remembering that the free float here is seriously tiny.....I know you know that - but it is less than 110mn......and that could be a significant overestimate, depending who holds the undisclosed c.55%.

[jimarilo] 10/1/2020 13:02

There is a fair bit of data already the bulk 2D, obviously the latest 3D will substantially de-risk their model

This is the 2D map from the MME



3D map



The just completed PGS 3D survey in Exxons Namibe basin blocks



There has in recent days been a continuation of the survey in the Walvis Basin. The vessels are in port currently but am sure they will be back soon

The older surveys are from various companies, would be good to have new coverage all from PGS and their latest tech

[emptyend] 10/1/2020 12:32

It also makes sense to put all the data together and make a proper regional assessment once they start putting wells down. You probably know more than I do about what shape that 2D/3D grid is in across all the Exxon/TRP/GBP blocks, Jimarilo.But when Exxon start drilling they will want control of all the options for follow-on.

[jimarilo] 10/1/2020 12:24

Agreed would be more economic to take them both out and have their own deep pocket partners

All the survey vessels back in port, three additional vessels have arrived from Angola, will be interesting if they are back in the field in the next few days and where they go

[emptyend] 10/1/2020 12:17

......because, if TRP are getting close to closing a farmout on their Namibian acreage, the blocks immediately south and west of theirs are.....err.....ours.And then there is the possibility that, instead of being interested in Tower's Namibian blocks, they (Exxon?) were merely filling in the gap between the Exxon blocks and ours.Either way, Exxon (or any other major) could take out both TRP and GBP in a heartbeat if they were so inclined (which, usually, they wouldn't be......but at these prices??).

[aimshares] 10/1/2020 12:17

TRP/GBPTRP they were in talks with a major regarding farmout ,talks started in early summer coujd be coming to a conclusionJeremy Asher speaks to Proactive London's Andrew Scott after revealing they're advancing partnering efforts - sharing key technical and commercial information with 'a major international oil company'.https://www.proactiveinvestors.co.uk/companies/amp/news/904185I hold GBP and TRP you just don't no which one will get a farmout first

[emptyend] 10/1/2020 11:57

Lots of fuss on the TRP board today re farmouts. Anyone know if there is anything in that?

[jimarilo] 09/1/2020 12:58

Up coming wells listed below, first well being Total's Venus1, with the rest to follow. Eco have been in talks since October 2018 with potential partners and many others in the same boat, which may be concluded ahead of the Venus spud, which is due in a couple of months.

(Exxon, M&P, Azinam 2 wells Pel44), (Total/Impact 1 well Pel56), (Shell/Kosmos 1 well Pel39), (Exxon/Galp 1 well Pel82), (Galp 1 well Pel83), (Eco/Azinam /Seapulse 1 well Pel30), (Eco/Azinam/Seapulse 1 well Pel33)

Currently we must be in the longest period without news offshore Namibia, but that is soon to change with eight wells on the horizon and possible news flow of deals imo

[jimarilo] 07/1/2020 10:52

Boredom probably, maybe the above three vessels may join or take over the survey operations currently at play in the Walvis basin or may even figure in another basin in the region

[emptyend] 07/1/2020 09:30

Remind me what the basis for this was, jim, other than ship tracking.

[jimarilo] 06/1/2020 21:25

PGS Ramform Sovereign ,Thor Frigg and Thor Assister are on their way from Luanda Angola to Walvis Bay, could be reinforcements.

The Sovereign is double the width of the Sanco Swift

[jimarilo] 06/1/2020 13:07

A reply from a contact in Namcor agreed that there had been a seismic survey shoot in the Namibe Basin and said "This really very interesting news because the more data that available in that Basin it helps block operators‘ to make investments decisions very fast."

I also said there was a survey being conducted in the Walvis basin and he said not so

I sent a link from Marine Traffic and he replied "Thanks". Obviously not allowed to add further

Think they are trying to keep the above under wraps

[aimshares] 06/1/2020 11:25

I have feeling we won't be at this price for long ,can see a upward movement soon .