Global Petroleum Share Discussion Threads

[jimarilo] 16/1/2020 09:23

Can sell up to 375k online 1.56p

[aimshares] 16/1/2020 08:38

The day its holds over 2p these prices will be gone to buy under 2p , in recent weeks there has been slow consistent buying.Quarterly update in two weeks

[jimarilo] 15/1/2020 22:59

Looking through the trades here in recent weeks, they are out of the ordinary and has a distinct whiff of accumulating imo

Time will tell

[jimarilo] 15/1/2020 17:26

I didn't catch it all

They seem to be drilling commitment wells only Peru and Suriname. There is no immediate commitment in Guyana. Still no mention of the oil analysis from Jethro & Joe

When in cost cutting mode and still to get a handle on the asset it doesn't help that the discovered crude is probably of 12° API gravity and c. 5pc sulphur

Obviously has a knock on effect for Eco

[emptyend] 15/1/2020 16:49

Tullow's call seems to have gone down like a lead balloon. I didn't hear it - what's your read?

[jimarilo] 15/1/2020 16:22

Majors currently in deep water blocks, which deals a blow for those with relative near shore blocks. Tullow missed in PEL37 & pulled out of PEL30

The game seems to be coming to GBP imo

[jimarilo] 15/1/2020 09:17

Tullow just said on investor call that they will integrate the data from 3 wells but is unlikely to drill in Guyana in 2020

Looks like Eco will be focusing on Namibia now, and have cash to drill

From the Maersk link the Voyager currently on contract USD 46.3m for three firm wells including a mobilisation fee .....$15m per well two at least ultra deep water. That is just tick over money

[jimarilo] 15/1/2020 08:19

That said we are still at a discount to option money if that were the case ?

[emptyend] 15/1/2020 08:00

Still seems a fair bet to me that the "major" who wanted Namibia data from TRP (and with whom a CA still exists, I assume) is looking at the whole basin, including both the TRP blocks and GBP blocks. They will have most of the current GBP data under CA from the farmout round , save for the new analysis in the late Nov GBP update......so it will ultimately come down to their technical view on how to play it.Both TRP and GBP positions are option money at this point - but that may change when Namibia drilling starts?

[emptyend] 15/1/2020 07:57

Still seems a fair bet to me that the "major" who wanted Namibia data from TRP (and with whom a CA still exists, I assume) is looking at the whole basin, including both the TRP blocks and GBP blocks. They will have most of the current GBP data under CA from the farmout round , save for the new analysis in the late Nov GBP update......so it will ultimately come down to their technical view on how to play it.Both TRP and GBP positions are option money at this point - but that may change when Namibia drilling starts?

[emptyend] 15/1/2020 04:41

ASX irrelevant

[jimarilo] 15/1/2020 02:18

GBP up currently as I type on the ASX 4.8% on just 360 shares

and up 16% yesterday on 35k

Hardly any stock available ASX or LSE

[jimarilo] 14/1/2020 11:47

That was a fair turn around for TRP this morning and 50m volume already, beats me ?

14 January, 2020

Maersk Drilling selected by Total to drill at world record water depth in Angola-Namibia campaign



Two Angola wells and one Namibia Venus 1 well, plus two, one well options (5wells 240days)

The two option wells are currently ear marked for the Voyager to return to Angola and apply the two options

Potential average of 48 days per well. The Voyager has started drilling and Venus probably be in April, the Cormorant drill was around 20 days dry hole from memory

[jimarilo] 13/1/2020 22:24

Possibly the sellers thought this was the usual rise on Friday and thought it was bound to drop today. The old rinse and repeat

Looks quite different this time around, after two solid increases, in tandem with our Walvis Basin neighbours

[yasrub] 13/1/2020 21:48

Fascinating seeing this play out and holding a chunk! TRP has some PI following and the volume looks high. Quite some churn in volume for GBP, in some ways surprising at the number of sales. Hope this is Namibia related, as I held BLVN (luckily exited at a relatively good time) in the past and Cameroon is a mass of delays and bureaucracy.

[jimarilo] 13/1/2020 19:08

Counter parties suggest there maybe competition

AEC to present on the 20th. Still a possibility they could do a similar deal to the one they did with Pancontinental (PCL)to get an interest in PEL37, when it was already farmed out. They have a good understanding of the Walvis Basin....now ;-)

[aimshares] 13/1/2020 18:11

News due with in 2 weeks Italian assets All of the appeals made by Puglia are to be heard by the Council of State in January 2020.Quarterly report excepted,January with in the next 2 weeks Hopefully progress regarding farmout talks Namibia Quarterly report September (((Further contacts))) with counterparties took place in relation to a potential farm-out of PEL 0094 and PEL 0029.Namibia Quarterly report June (((Initial contacts)))with counterparties took place in relation to a potential farm-out of PEL 0094 and PEL 0029.So from (initial) contacts with counterparties to (further) contacts were made with counterparties Let's see what January Quarterly Report brings regarding farmout for Namibia. I think we're going to be in for a surprise.

[jimarilo] 13/1/2020 16:46

Agreed, could sell more than buy just before the close, interesting week ahead

[aimshares] 13/1/2020 16:42

Good volume and a good closing price .

[jimarilo] 13/1/2020 15:43

Is patience finally about to pay off ?

[emptyend] 13/1/2020 15:29

Largest daily volume for two years......

[fillipe] 13/1/2020 15:27

Buys going through close to the full ask of 1.90p.

f

[jimarilo] 13/1/2020 14:29

Very strange, are we involve here, if so can only be Namibia related ?

JA currently now holds 27% of TRP

It would be strange if TRP had a farmout deal and not GBP, considering the the huge prospects in our blocks. Combined with TRP there would be a very substantial asset for a couple of Majors to share

[emptyend] 13/1/2020 14:05

.....TRP set to trade another 100mn today. Something is going on somewhere.....

[jimarilo] 13/1/2020 13:48

Can only buy 5k online currently