Global Petroleum Share Discussion Threads

[jimarilo] 07/4/2020 08:03

Can only get a quote on 1k

[jimarilo] 07/4/2020 00:27

Agreement with NAMCOR to Licence 3D Seismic Data



1600 sq km (figures from TRP) 3D seismic acquisition must be worth....what US$5-$7m ? over five times our current M/cap

If there were no deal on the cards, why would GBP be rushing to acquire this 3D acquisition when PEL29 still only has 2D. This looks like a significant move towards a deal

"Peter Hill, Global Petroleum’s CEO, commented: “Finalising this data for equity deal with our partner, NAMCOR, is a major step forward for Global, enabling us both to conserve cash and to advance our exploration programme for PEL0094 very significantly."

"VERY significantly"

[jimarilo] 06/4/2020 23:53

Just out, here is a list of up coming wells from Mapstand
You can see Total's next well in Angola Block 48, followed by Venus 1 Namibia

Also Q4 M&P, Azinam drilling Aurora 1X and Shell drilling Cullinan 1

Nothing from Exxon yet but they are due to drill this year

Link is not for sharing apparently

[jimarilo] 03/4/2020 15:53

Indeed and Exxon only deal in size..... partnered with Galp again, still living in hope of a deal here

Namcor shut down for 14 days on the 27th March and all employees working from home

[emptyend] 03/4/2020 14:38

Bloomberg TV reporting that Exxon/Petrobras have made a find that could be 7.8bn bbls......so that would appear to be Uirapuru:https://www.upstreamonline.com/exploration/petrobras-nearing-spud-at-uirapuru/2-1-701267.....there must be worse places to be than adjacent to Exxon acreage.....;-)

[jimarilo] 03/4/2020 00:42

From the AziNam presentation..... slide 10

"Namibia PEL 44 Walvis Basin: Channel 2 Prospect

Analogue to Lisa discovery – unlocking huge potential"



Is it any wonder the majors have entered Namibia

[emptyend] 02/4/2020 21:31

Interesting to see this well has come in....re analogues...https://www.ogj.com/exploration-development/discoveries/article/14074323/maka-central-discovery-offshore-suriname-extends-guyana-cretaceous-oil-play

[jimarilo] 02/4/2020 10:53

Next Monday is the new tax year and new ISA allowance starts, may help the market going forward

[jimarilo] 01/4/2020 20:41

The sky's are near empty, but the sea's are at full tilt. Cargo vessels in green and oil tankers in red

[jimarilo] 01/4/2020 12:53

Quarterlies out at the month end. The three previous reports stated we were in talks with counter parties. If that were not the case, being price sensitive you would expect it to be announced.

Fingers crossed we are still at the table or near a conclusion

[jimarilo] 01/4/2020 10:55

Indeed all sorts of connotations being discussed, something will need to happen sooner than later as storage is near capacity around the world

EMGS have gone into a short hibernation since BP pulled out of a seismic acquisition contract, the CEO told me yesterday, the Namibian contracts are still good and intend to make a return once the CV19 situation is clearer

[emptyend] 01/4/2020 10:13

It is still highly infectious. It is just not considered to be particularly fatal. But if 80% of the population get it then getting on for a million will die in the UK (and more, if hospitals are overwhelmed and unable to treat other conditions).I'd say that the next week will see "peak gloom"....I'm more interested to know how the KSA/Russia spat resolves.....

[jimarilo] 01/4/2020 06:36

Status of COVID-19
As of 19 March 2020, COVID-19 is no longer considered to be a high consequence infectious diseases (HCID) in the UK.



How can imposing economy destroying calamitous lockdowns be justified when the government itself has DOWNGRADED Covid19

[jimarilo] 31/3/2020 09:05

The CEO of PCL said Venus will be spud in April, however the Voyager will be spudding a well in April but will be the second well in Angola, followed by Venus 1, which is looking like June according to AOI


1585579992847.1585579992847.1585579992847.1&__hsfp=3055540405&hsCtaTracking=4ab180cd-5aa5-453c-a9e0-dde35ef7ef0d|c562edeb-a70a-4ee6-abc0-52c61b988d04

[jimarilo] 29/3/2020 12:46

Interesting link, showing positive signs for the UK

An international comparison of the second derivative of COVID-19
deaths after implementation of social distancing measures

[jimarilo] 26/3/2020 23:14

The recruitment link said "Due to travel restrictions", previous ad's were including S/A, who are in lock down form mid night to night for 21 days. Suggests they need personnel within that time
Drillers have to use a percentage of locals .....where possible

If the above is correct we should have news on the up coming well fairly soon

[jimarilo] 26/3/2020 18:44

In addition to the above, here is unexpected rig available in June ..... Maersk drillship’s gig with Tullow cut short

Could be an opportunity for Seapulse to drill earlier than expected this year

[jimarilo] 26/3/2020 18:23

Recruitment for a Namibian upcoming well, don't know which one as yet. Possibly Venus or a well from M&P in the Walvis Basin

Drilling, Rigs, Well Services Jobs • 2 hours ago

Due to travel restrictions, Advance Global Recruitment are looking to speak to Namibian nationals for the below urgent requirements:-
Mechanic
Electrician
RSTC
Roustabout
Storekeeper

[jimarilo] 25/3/2020 22:30

From the PCL bb, again Ernest Anthony Myers PCL CEO confirms Venus 1 will spud by the end of April;

[jimarilo] 25/3/2020 12:49

Another ad for South African workers on a drillship. Namibia being a small population probably doesn't have many offshore workers,so probably have to get their local percentage from next door.

Having said that if this rig is for S/A, it is quite possible for it to be drilling in the Orange Basin, which will also have some interest

[jimarilo] 25/3/2020 09:09

The new coronavirus may already have infected far more people in the UK than scientists had previously estimated — perhaps as much as half the population — according to modelling by researchers at the University of Oxford.

If the results are confirmed, they imply that fewer than one in a thousand of those infected with Covid-19 become ill enough to need hospital treatment, said Sunetra Gupta, professor of theoretical epidemiology, who led the study. The vast majority develop very mild symptoms or none at all.

[jimarilo] 24/3/2020 15:00

From share price Angel's bulletin this morning:

 We recommend investors consider the following sectors for recovery:
 Mining – for the building boom to restart many economies & it’s our core specialisation
 Oil & Gas – economic recovery still needs to be fuelled and powered with oil and gas
 Builders
 Building Materials

[jimarilo] 20/3/2020 10:54

The recent links regarding recruitment of rig employees suggests two separate rigs and they are expected to take on local talent, hence Naminian and S/African only

There is three rigs currently in Walvis Bay, Transocean Orion and Seadrill operated West Eclipse (stacked) and the all new Sonangol Quenguela drillship

The Orion has recently been on DP test just outside the bay and the SQ looks to be doing the same currently, which is par for the course ahead of a spud potentially.

Seadrill use Nikham Offshore to man their rigs

Could both these drillships have picked up a contract one in Namibia and one in South Africa ?

Time will tell ;--)

[jimarilo] 20/3/2020 07:23

The Dow Is Rallying as Warren Buffett Buys the Stock Market Dip

[jimarilo] 20/3/2020 07:00

If anyone can make the first commercial oil discovery in Namibia it is Total and their super computer



Apparently PCL CEO Erni Myers quoted this week, says Venus will spud end of April