Global Petroleum Share Discussion Threads

[yasrub] 27/1/2020 09:17

SP movement really does emphasise the limited free float. MV still a scratch on the surface. Thank you Jim for the vessel watching!

[jimarilo] 27/1/2020 07:45

PGS moving south down the fairway in Exxon block 1811A S18.18/E11.13

[jimarilo] 26/1/2020 13:51

Why are Exxon all of a sudden interested in GBP's high impact resources ?

New data/new concept from Total and the addition of a PGS 3D shoot is going to significantly increase the COS on GBP's prospects

It is the Brulpadda discovery way down in S/Africa that has changed the out look and increased interest in Namibia. Brulpadda has confirm the play extends from Angola through Namibia and to S/Africa

It is the concept that is highlighted in the Envoi links below



Scroll down this link to the 5th post and see the diagram of wells drilled in Namibia in relation to the new concept Aptian region seal . This shows particularly well how far the Welwitschia well was from the new concept target

[jimarilo] 26/1/2020 11:22

PGS currently in Exxon block 1711 (S17,48/E11.07) again inside the 1000m contour line , so in the famous fairway still , directly above their previous location in Exxon block 1811A

This is directly above our PEL94, but significantly it is all about this fairway, between the 1000m and 2000m contour lines

I worked out there could be at least another 20 days left in the 100 day contract, some of which I bet will be spent in GBP block 2010A (PEL29) & TRP blocks 1910A & 1910B. If they do venture into these blocks there will be pandemonium ;-)

[jimarilo] 25/1/2020 15:29

I suppose TRP didn't rns on the back of their significant price move last week either. So on that basis you may well be right ee

PGS currently in Exxon block 1811A (S18.21/E11.05)again inside the 1000m contour line , so operating still in the now famous fairway and have been hovering around here since 6 am this morning

[emptyend] 25/1/2020 15:04

Re the final question, I suspect the answer is no. The report would be brought forward if necessary (which I doubt - I expect it on Friday, personally).

[tommyttrades] 25/1/2020 14:08

Thanks for all the updates on both TRP & GBP Jimarillo..

[jimarilo] 25/1/2020 11:59

Apparently the company may make a reference to the increased exploration activity ahead of up coming wells in the quarterly report

I recently posted a link from the Namibia E&P Conference in April, where the Exxon delegate said they look forward to starting their exploration activity later in the year and looked forward to increasing their footprint

The company has already referenced in two quarterly reports that, "they were in talks with counter parties" and so may not be able to mention Exxon in the up coming report as there looks to be possibly more than one suitor

Considering the price movement will the company have to respond to the speculation and price movement, ahead of the report ?

[emptyend] 25/1/2020 10:12

Don't forget that they are towing six nautical miles of cables - so turning is a ponderous process. And that means they will travel some distance beyond the main area of interest.Must be quite difficult to avoid the cables being fouled too....

[squibno1] 25/1/2020 09:21

Looks like "iamgreat1" missed his chance to get in at 1.3p or so.
The Peters will be the deciding factor as to where this company goes, but in the meantime, with all this activity around us off Namibia the share price could get pretty lively as there is not much free float. After all this time could we be about to be rewarded?

[jimarilo] 25/1/2020 06:00

Finally they have turned around in Exxon block 1810 (S18.14/E10.54), must have been a premonition as I just got up in time to watch it take place ;-)

The fairway from Exxon PEL82 leading up to the GBP blocks looks to open into an amphitheater, a natural collecting area and is fully occupied with GBP blocks 2110A (PEL29), western side of 2011A (Welwitschia Deep PEL94 ) and TRP blocks 1910B and 1910A

The deepest water of the above is in GBP PEL29 , TRP 1910B , 1910A and have historic 2D data. These blocks require a 3D seisemic shoot and would be part of any potential farm out deal with GBP . This will be an interesting watch over the weekend to see if this a 3D shoot takes place

[jimarilo] 24/1/2020 22:47

Thanks been a long day ;-)

[jimarilo] 24/1/2020 22:33

The PGS vessels heading North followed the 1000m contour line through our PEL94 block 2011A and through TRP block 1911 and are now running up the East side of Exxon block 1810 S18.28/E10.50)



This again shows Exxon is in control here and no doubt the vessels will turn about to head south again in due course

[yesyesno] 24/1/2020 18:31

Well it's certainly trying to break out isn't it. Someone is having a gamble or adjustment of their portfolio. Would have been happier if today's spike doubled the last one. But as it is it looks like 3 darts in the board but no quite game on.

[aimshares] 24/1/2020 18:09

Yep great closing price have a good weekend all :)

[jimarilo] 24/1/2020 16:48

Nice finish again, both for GBP & TRP

Quarterly report Thursday/Friday next week

[iamgreat1] 24/1/2020 15:31

Until placing sub 2p

[jimarilo] 24/1/2020 14:32

Oil Firms May Stake $30bn On Exploration This Year Read more at:

[aimshares] 24/1/2020 14:24

Holding well over 2p

[jimarilo] 24/1/2020 13:14

PGS just given a bum steer and not turned, but just gone into the Exxon block 1811B, so still on trend

[costax1654x] 24/1/2020 12:29

Keep an eye on Orm it might do a bagger in few days!Based on Cash

[jimarilo] 24/1/2020 12:11

As predicted.......The PGS vessels are currently doing an about turn at the Northern border of TRP block 1911

Heading South back to GBP blocks and hopefully PEL29

Edit: Maybe a false alarm seem to have straightened up ;-)