Global Petroleum Share Discussion Threads

[jimarilo] 27/2/2020 08:57

It is strange given that Exxon are partners with Azinam in PEL44 and yet do not highlight the fact

When PEL44 is mentioned, they say "next to Exxon", which means in PEL82 with Galp

"Participate in PEL 44 well Namibia. Next to Exxon.
Potential to create 5 billion barrel oil province eg Guyana"

The map only shows Exxon partnered with Galp in the Walvis Basin

Eco have two headers regarding Namibia "Increasing Farm-In activity & Planned drilling in 2020"

"Growth Strategy: Potential farm out(s) in Namibia"

All suggests more deals to be concluded and possibly an increase in the Exxon position

[emptyend] 27/2/2020 08:07

Good question re the "partners" point!

[jimarilo] 26/2/2020 22:34

So disappointing there was no webcast on Azinam and Eco

However, M&P/Azinam/Exxon drilling Q3 PEL44 and 1 well in 2B S/Africa. (Seapulse were looking to drill three by 2020)

PEL44 M&P/Azinam/Exxon well and the Galp/Exxon well in PEL82 to be drilled Q4 are in the GBP fairway, so should have a direct read across

Azinam are saying possibly 3 wells in Namibia Orange Basin, this year Total Venus 1 and 2 wells from Shell/Kosmos ?

So is looking like 6/7 wells in Namibia this year and four in S/Africa, including Total's 3 wells

On the final slide of Azinam's presentation is the heading "Partners (including completed and announced transactions)" Is there still something not yet completed and not yet announced and why are Exxon not on the list of partners ?

[jimarilo] 26/2/2020 15:07

Here is the Azinam presentation from this afternoon, should be able to view the session as the SB1 website updates

Eco presentation .....noticed on the map Exxons new blocks highlighted, but no show for TRP or GBP''s new blocks. Where as before both companies blocks were shown ??

[jimarilo] 26/2/2020 10:44

Updated companies attending tonight in London

[jimarilo] 26/2/2020 08:28

Live webcast of the SB1 conference

[jimarilo] 26/2/2020 07:33

Azinam move into 2 more blocks offshore S/A, all be it just 5% interest



Azinam enters Shell, Equinor South Africa blocks after OK Energy deal
Private equity-backed player teams up with junior to take indirect interest in tracts in two basins

[jimarilo] 25/2/2020 11:56

I noticed that the 12.5% partner in the AEC/Azinam farmout deal Panoro Energy (listed in Oslo)will also be attending the SB1 conference in Oslo tomorrow and the AEC CEO Garrett Soden is on the BoD's

[jimarilo] 25/2/2020 08:00

AEC/Azinam due to drill this year, which will have to include Seapulse and Maersk, there will need to be more than one well, to make it viable. More news from them in due course

[jimarilo] 25/2/2020 06:57

There you have it chaps AEC just announced a farm out to Azinam, so target 5 is Gazania-1



Target 6 is next imo ..........

Are they trying to conclude target 6 ahead of the Oslo conference or is there more to do ?

[yesyesno] 24/2/2020 14:41

The share price should stop here. Much further and it's heading for a new low. Market perception is 1.25 - 1.75 this is the no news is good news range for this share. Or if you want it another way, this is the area you can buy and won't lose money without real news being reported. It'll always revert back to this range on rumour good or bad.

[whoppy] 24/2/2020 14:04

BPC is drilling the 4th largest Worldwide HIW of 2020. And it owns 100%, so seems about right. Mcap is in fact £120m.

[jimarilo] 24/2/2020 13:57

BPC M/cap £88m currently ...incredible ;-)

GBP M/cap £3m

[jimarilo] 21/2/2020 10:30

From the final results in September

"Strategy and Outlook
The Company remains very positive with regard to the prospectively of its Namibian assets, noting that oil & gas majors continue to make significant acreage acquisitions offshore Namibia.

Global continues to monitor opportunities which might complement its existing portfolio of exploration assets, and remains open to strategic growth of a more structural nature."

Large bucket of salt required here, if we were to conclude a Namibian farm out deal, could we then possibly farm in to TRP Cameroon ?

[jimarilo] 21/2/2020 10:08

Should be an interesting week coming up, presentations from Galp on their African assets, Eco, Azinam, AEC, AOI and Maersk in Oslo 26th. Some of the presentations will be live.

Most will all met again in the evening in London for a reception, including GBP

[jimarilo] 21/2/2020 09:54

Agreed quite a scoop and no wonder the company are still committed to seeing the process through

Gil seems confident about the future here this morning, are they teeing up for something ?

[emptyend] 21/2/2020 08:53

Just on the Italian licences (which remain very much a side issue for the next 5-8 years anyway), it is interesting to look at the map provided in the recent release. Even half the licence position would still be very material, relative to the majors etc.http://www.rns-pdf.londonstockexchange.com/rns/5348D_1-2020-2-19.pdf

[yesyesno] 20/2/2020 13:45

down and down I go,
Round and Round I go
In a spin, I'm loving the spin that I'm in
I'm Under that old black magic called .....

[jimarilo] 20/2/2020 09:09

Will all come out in the wash, as they say. Would be a substantial gain for the company if it goes our way

[emptyend] 20/2/2020 08:02

....doh....imposed, not opposed .....

[emptyend] 20/2/2020 08:01

Pretty much a side issue, really, (given the very early stage) but a good example of the EU at its worst. Essentially the fact that the permits are contiguous is irrelevant, because they can each have conditions opposed independently. There is also precedent (albeit outside the EU) that I am aware of, where similar laws on permit size have applied and a permit has been divided to ensure that the law was not breached.I suspect that someone with a pecuniary interest is stirring it up.

[jimarilo] 19/2/2020 23:17

Update on Italy application appeals

[jimarilo] 19/2/2020 21:43

As has been pointed out elsewhere

"TRP’s Alpha and Gamma larger dip closed prospects are believed to be sourced from the Namibe Basin according to their own historical work. They geologically appear to have more to do with Angola than the Namibian Walvis Basin." A separate source kitchen

[jimarilo] 19/2/2020 21:13

Quite a contrast in styles ...... JA only talked about Namibia, when asked a question and then spills the beans that talks have gone cold. Yet he put himself in front of a camera quick enough to tell the market when they were in talks ..... dear oh dear

GBP in an rns 19 days ago confirmed further contacts were made, for the third consecutive quarter. No need for a webcasts ;-)