Global Petroleum Share Discussion Threads

[jimarilo] 19/2/2020 20:40

Here is the presentation from TRP's JA, regarding Cameroon.

However 27.3 mins in he is asked about the major that made contact with him and low and behold they have gone cold.

Which to me says TRP was a step too far. He also gives his idea of why. He say there are two lines of thought, one that Exxon prefer deepwater plays and like the large structures and Shell and Tullow like the shallower plays

What utter tosh, does he not read anything ? lol. Shell/Kosmos and Total/Impact are in an Ultra deepwater blocks ;-) Does he think he knows more that the majors ?

He does not mention the new concept and the Aptian Seal and the fact the Delta/Welwitschia well was drilled miles short of this seal. Which would be the target if drilled today. His view is opposite to that of GBP and the industry players in the region and particularly Azinam, who have majors as partners and the largest stake and 3d coverage in the region

[jimarilo] 19/2/2020 10:31

Here is Galp's CMD presentation, impressive company, they will be presenting next week in Oslo (should be more Namibia)



2018 Galp looked at 64 potential deals and followed 3, 2019 looked at over 100 deals and did none

Yet here they are in Namibia, are they about to increase their foot print ?

[jimarilo] 19/2/2020 07:44

Here is the AEC announcement of the up coming conference, there is a link to the presentation which will be live on the day and will have a new presentation on the website by then . There will be others to follow, including Azinam & Eco

[jimarilo] 16/2/2020 11:54

Tavistock's (GBP PR company) summing up at the Africa Oil Week in November

As the sun set on the conference and the delegates shared final glasses at the closing braai or at various dinners and drinks events there was an air of confidence for the year ahead. Across Africa next year there will be some exciting exploration drilling which has the potential to open up new regions. Deals will be done as new entrants look to come into the region. And in this industry, there is always the potential for something to surprise – all providing something to talk about next year!



Bit of a tease from Tavistock ? ;-))

[jimarilo] 15/2/2020 12:10

Operational update from AEC last month. Translated I think from Swedish. this is ahead of the $25m placing, but says here they could even raise at a higher level after the first of the three wells results

For PEL37, the company announced on Monday morning that the license was extended one year to March 2021.

"For us, it's an option. Several large companies plan to drill in the vicinity of PEL37. If any of them succeed, it increases the value of our asset, so we just wait and see. We therefore keep the asset, but do not intend to allocate any capital to it, "Garrett Soden states.

[jimarilo] 14/2/2020 15:40

News is what we need and at the very least we will be getting a heads up from others on the 26th at the Oslo conference, maybe even from JA at TRP on the 18th

[yesyesno] 14/2/2020 15:02

Yea the MMs are looking for share by lowering the price they want to sell them at :-)

Some people should be allowed to trade if they don't understand the basics of a trading market. The price you see if the average of all MMs, the counter balance in minimal and even if one MM wanted to do something drastic one of the other would simply do the verse to counter it. This is how a market works. If the price is going down it's because the too much stock is being offered to the MMs and if it's going up its because they have buyers. It's all very simple. MMs don't gamble because they don't have to.

[jimarilo] 14/2/2020 07:46

Also, at the very least, back payments for costs will be due to GBP, on what ever out come

[emptyend] 14/2/2020 07:24

Interesting.A few thoughts arise:1. Surely the Italians granted the permits? Did they breach their own law? 2. Seems unlikely to succeed - and, if it did, the operatorship could be swiftly transferred to any partner coming in?3. If forced to surrender some, which would they keep?4. What is the position of majors in the area? Surely some have large permitted areas?5. The fact that GBP's permits are contiguous has no logical bearing on the law here - what if they had 750 in four different basins?

[jimarilo] 13/2/2020 13:36

Frontier Spring Reception 26th starts 6pm

Edit :

SpareBank1 conference 26th and all the presenters last Namibian presenter due to finish 4pm


Here is the best bit and just been released, companies attending the Frontier Reception on the 26th. What a line up ;-)



Private jets will be in order for companies to be at both events. Could this be a big night for GBP

[jimarilo] 12/2/2020 17:40

Here is a slide from an Azinam presentation at the Africa E&P Summit May 2019, accept here is Gil from Eco using the same slide at the Oil and Gas Council conference in June 2019



The Azinam link is no longer available, but this was the first time Global and TRP (shown in the top left hand corner)have been shown on a presentation map by another company and has only been available to the industry

Edit: the difference with the above version of the slide Azinam being the largest licence holder is not shown

[jimarilo] 12/2/2020 16:11

Will ping upwards !

[aimshares] 12/2/2020 15:44

Looking at the trades and times ,it seems like itS being deliberately taken down .

[jimarilo] 12/2/2020 15:16

It seems obvious to me that the mm's are looking for shares

First 8 trades this morning looked like B/S ;-)

Hmmm .....growing licence position

[jimarilo] 12/2/2020 12:46

Fresh off LinkedIn......"growing licence position"

Azinam is the leading independent oil and gas company offshore Southern Africa with an active and growing licence position.

[jimarilo] 11/2/2020 18:55

Here is the programme of the up coming annual Spare Bank conference this month in Oslo

Some very interesting companies presenting and one not to be missed, all presentations will be shown on the website after the event as per last year

[jimarilo] 11/2/2020 16:57

I think Welwitschia Deep is much further down the road than a lead

Time will tell ;-)

[emptyend] 11/2/2020 16:28

Just one more point on this. Leads don't convert into targets until there is a clear understanding of the risking and a settled group of partners with an executable plan to drill.

[jimarilo] 11/2/2020 12:42

Clearly WD (PEL94) is more advanced that Gemsbok, it has 3D coverage, well data and has new data showing how short the well was drilled, to what is now perceived to be the way ahead. Economics says WD will have to be drilled ahead of Gemsbok (PEL29)imo. WD is said to be the same play as Gemsbok and would de-risk a massive range of targets in PEL29.

Acquiring PEL94 has been a long term goal for the Peters and looks to me to be the key to de-risking and opening up PEL29 and the massive range of targets

With the right partners and investment Maggy Shino has said recently she has had to be flexible to encourage investment. Which could see further extensions on PEL29 if certain conditions are met

[jimarilo] 11/2/2020 11:37

Think you should cut and paste that post on the PHAR BB ;-)

I agree again and could be they are in negotiations with partners regarding targets in their own blocks

But then begs the question, why include the target values and cos, on the chart if you don't know where you are drilling

Or if you do know where your drilling, why not put the name of the location/well on the chart

It could be there has been ongoing talks since 2018 and have firmed up since the Brulpadda result and targets 5&6 are the ambition, hence the line "Being negotiated"

[emptyend] 11/2/2020 08:14

....not often I get accused of that - see the PHAR board. ;-)

[emptyend] 11/2/2020 08:13

....err....no. There is no evidence that Target 6 is anything other than theirs. Negotiations can mean all sorts of things.

[jimarilo] 10/2/2020 15:22

Time will tell ;-))