Global Petroleum Share Discussion Threads

[squibno1] 10/2/2020 13:13

emptyend - thanks for your comments - 'voice of reason '

[jimarilo] 10/2/2020 10:54

Could be coincidence

Slide 4 in small print said "target 5&6 being negotiated"

I agree you wouldn't expect a company to present a prospect that is not theirs, but it seems to be what they did ? Still in "negotiations"

[emptyend] 10/2/2020 10:41

....perfect perhaps but likely also misleading. No company would put out a public presentation with a slide showing THEIR resources and referencing a target that is not theirs.I suggest it is 99% likely to be coincidence - and a 1% chance of an error. Sorry.

[jimarilo] 10/2/2020 09:44

Yes thats why I never picked it up before, quite correct

However the Welwitschia fit on the presentation is perfect (target 6)

[emptyend] 10/2/2020 09:30

No. There are two Marulas......what are the chances, eh?Azinam's is in South Africa (see slide 11). And GBP's Marula has lower CoS and only the status of a lead at present.

[squibno1] 10/2/2020 09:03

Marula - A well kept secret ! (get the pun ?!)

[jimarilo] 10/2/2020 01:05

I never did sort out what targets 5 & 6 were from the Azinam presentation

However....

Slide 4....... "targets 5 & 6 being negotiated" These are not shown with their own drill target slides, so I think these are new

Slide 7......and the balloons....second balloon along is target 6 and is bang on the 15% cos line and the centre of the balloon is on 775mmboe



From GBP's recent PEL94 CPR .......

" Of particular note, the Albian carbonate reservoir at Welwitschia Deep has been estimated to have Best Estimate unrisked gross prospective resources of 772 million barrels of oil with a probability of success (“chance of geologic discovery”) of 15%."

This fits the Azinam presentation to a "T"

Target 6 is being negotiated = Welwitschia Deep, 772 million barrels, cos 15% ?

Combine this with around 7 crossings of the western side of PEL94 by PGS

[jimarilo] 07/2/2020 16:07

Current Members of NAMPOA
Acrep / Custos / Energy Impact Oil and Gas / Serica Energy / Azinam / Eco Atlantic / Lekoil / Shell / BW KUDU / ExxonMobil / Maurel et Prom / Sungu Sungu / Calima Energy / Galp / NAMCOR / Total / Chariot / Enigma / Global Petroleum / Rhino Resources / Tullow



Edit: Here is a link to AOI's version of Fridays events

[jimarilo] 07/2/2020 14:33

Thought the Azinam post was old news, but in fact was announcing completion of the AOI farmout

Certainly AOI, getting all the business in order ahead of up coming wells

[jimarilo] 07/2/2020 11:44

SIRAJ AHMED, CEO OF IMPACT OIL & GAS, SAID:
“I am thrilled that we are now entering what we hope is a game changing year, as the drilling of Venus-1 in Namibia and further exploration and appraisal following the Brulpadda-1 discovery on Block 11B/12B in South Africa represent the culmination of all the hard work and investment over the last few years. This financing injection strengthens the balance sheet and enables us to get to this point; thanks to the continued support of our valued shareholders. I am particularly grateful for the surety of funding provided by the Underwriting Shareholders.”

[jimarilo] 07/2/2020 10:54

(Again on Linkedin) The above has just been followed by news from Impact and a $40m fund raise



Both Impact and Azinam connected to Africa Oil Corp (AOI), who just completed a $25m cash injection into Africa Energy Corp(AEC)

News is starting to flow from Namibia and South Africa

Of course, Lundin being the common denominator here

[jimarilo] 07/2/2020 09:32

Azinam just posted this on linkedin, but it is a year old ? They have been under the radar for 12 months until now


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[jimarilo] 07/2/2020 08:22

JA presenting at the , what used to be the Oil Barrel on the 18th, Cameroon related, but may have something to say on Namibia

[jimarilo] 06/2/2020 18:43

More seismic data acquisitions planned this year

Here is the EMGS Q4 results webcast, slide 7 shows they have a 2020 survey acquisition planned for Nabirm as well as a multi-client contract. Vessel is the Atlantic Guardian



Edit : Additional detail

[jimarilo] 05/2/2020 21:49

About time you topped up for a proper holding ;-)

[aimshares] 05/2/2020 18:53

Sitting patiently and waiting not sold any of my 1 mill holding on the spikes ,the true value when farmout comes ,it will be multiples to current share price

[jimarilo] 05/2/2020 12:06

Having both Exxon and Total involved in the next two wells in Namibia, must increase the chance of success due to the resources they both have at their disposal. In turn this must increase the need for players to take positions ahead of these wells

I note from the updated Maersk fleet status report the Viking drillship is due to complete it's current contract in March. If Seapulse are to drill this year, it will be a Maersk rig, if a drillship, it will be the Viking

[jimarilo] 05/2/2020 11:44

This link shows Global High Impact Wells for 2020, note two for Namibia, Venus1 well in the south (Orange Basin) and one in the north (Walvis Basin)

Probably the M&P PEL44 prospect



Unfortunately there is a fee for the full report

Here is the Azinam presentation

[emptyend] 05/2/2020 11:41

Looking back at the Azinam presentation from late last year (p10) it seems that the well M&P are planning for PEL44 will target the Channel 2 prospect which, if I understand the slide correctly, they see as analogous to the Liza discovery in Guyana.....https://www.nsenergybusiness.com/projects/liza-oilfield-stabroek-block-guyana/...lets hope they succeed!

[jimarilo] 04/2/2020 08:29

Both Shell and Exxon are acquiring assets in Namibia

The Most Exciting Oil Plays Of 2020

Namibia is one of the most oil-friendly up-and-coming oil venues in the frontier of Africa. Ask Shell, or Exxon, both of whom are acquiring assets there.

[jimarilo] 04/2/2020 08:01

This GH interview is a free heads up for those sat on the fence ....a gift imo ;-)

[jimarilo] 03/2/2020 23:06

Indeed these companies will have to show their hand sooner than later, with rig contracts etc

Certainly looks like things may start to get on the lively side as we get closer to April

[emptyend] 03/2/2020 22:48

FYI M&P have a 2019 sales update due on Thursday. Obviously focus on hard numbers - but might have some indication of PEL44 drilling plan? Their 2019 results last summer said the drill decision would be in H2 2019..... so I guess they have to say something sometime, given they operate....