Global Petroleum Investors - GBP

Global Petroleum Investors - GBP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Global Petroleum Limited GBP London Ordinary Share AU000000GBP6 ORD NPV
  Price Change Price Change % Stock Price Last Trade
0.005 1.18% 0.43 15:21:04
Open Price Low Price High Price Close Price Previous Close
0.425 0.425 0.435 0.43 0.425
more quote information »
Industry Sector

Top Investor Posts

swanvesta: Hyper Al, you're the one that came here making claims, I'm only (politely) asking you to explain them properly. The prevailing wisdom is that the main CO2 cost with cars of any type is in the sunk cost of manufacture, so that's why I'm quizzing you. I don't have anything against solar - I think the tech will keep improving, and I like the idea of having solar panels at home combined with a battery backup (which might as well be an EV.) The only problem I still see is that to replace the entirety of fossil fuel demand, including heating/cooling and industrial consumption will require a huge land area, and that doesn't seem particularly environmentally friendly. Hence I favour nuclear at the moment, but I'm willing to change my mind. I'm an investor - it makes no sense to stick my head in the sand.
hyper al: swanvesta Oil backed energy ministers would mock, but the reality is economics will always win, If these oil/gas producers can produce oil at $10 a barrel, then maybe they can compete with renewables. Well China has a big chunk of the global population. They expect 50% 0f car sales to be Ev's by 2035. hTTps:// Personally I think EV's will behave the same as other destructive tech and takeover ICE cars far faster as cheaper models become available and simple economics that Electric fuel is cheaper than petrol becomes recognised. Developing countries have very poor electricity grids so it wont take long before you see solar powering electric vehicles at a local level. India this is happening now emptyend You are the delusional one. If you can, show me the calculations that support your comment. Remember all the transport costs of oil, the refining costs, once burnt it's gone. Why would any government import oil endlessly? when some solar panels will produce the same energy over and over for 25 years without the burden on their economy feeding the oil/gas industry. Not even politicians are that stupid, unless maybe some are getting a bit money in their back pocket. Solar panels are so cheap now and large wind turbines produce energy at even less, no way can oil compete. oil producing nations know that.
oliversydney: Investors do not seem encouraged by these comments on prospects as sales now going through at 0.70 below placing price I am not sure what hope for long term investors in at higher level like myself and others but not bailing out yet
emptyend: Lets be the summer a few Aussie holders were dumping shares due to the delisting. That was temporary and limited in size.....I bought a couple of million below current levels.The placing has created roughly ten times as much supply at a similar price. No doubt a few of these will be sold for a quick 20% turn.....but, for the most part, if the new investors have bought the story, then I'd expect they will have loftier ambitions and be expecting to see their shares doubling or more over the next with the summer dip....I'd expect the number of shares available sub 1p to be pretty limited. No doubt it will take a month or three to recover to pre-placing levels but, in essence, the placing has simply eliminated the short-term downside in exchange for removing the most optimistic end of upside is a bit less risky with a bit less reward than there seems to be a few weeks ago.
oliversydney: I have bought heavily in the last month together with my shares purchased many years ago and thought At last there was hope This has now evaporated with this awful placing in which the new investors have been given freedom to make money on a small surge in the price. They are probably not investors like long suffering shareholders but in for a quick buck The directors are also hardly taking any risks Doubt any good news if any until 2021
petermarsh: How badly do these people have to behave in order for you to acknowledge their actions, Jimarillo? You accuse others of deramping, and one of your pals here even appears to suggest today that new posters have driven the price down! We know what has driven the price down, an inept and self serving management, and if posters here could influence the share price your input over many months would have us at a tenner. These people are shysters (a point I have made in an email to the company today), living high off our money, and have now guaranteed they can draw their fat salaries for longer still. They have done nothing in ten years and have no incentive to do anything now. They have acted in a way which is completely contrary to your repeated and confident assertions, which will have influenced small investors to commit their hard earned to this pile of ordure.
emptyend: Not greatly impressed with the extent of the discount on this placing (being the lowest price at which it has been possible to buy in the last 10+ years......I know because I bought a third of my stake at that price), but I'd make a few comments:1. clearly it is prudent to raise some money unless a Q4 deal was a 100% certainty, even if discussions are active2. whilst it is a substantial dilution, the investment case remains extremely strong (NAV of 6-7x last night's close?) and there is substantial upside potential from a farm-out3. the main directors have also been substantially diluted, which is something they have resisted up to now4. it will be extremely interesting to see who has subscribed for those shares - because there will undoubtedly be disclosable stakes. My guess would be that there could be 3-4 investors in that category. I'd like to think the majority of new investors will remain quite tight holders (and I'd think some may be well-known to the Peters) so it is difficult to be sure what will happen to the share price over the next few weeks (other than I'm sure some small retail hot money will bale)5. this is all (pretty much) part of an orderly plan that was set in train 6 months ago.Lets see what happens over the next few weeks.
emptyend: QUOTE:As the E&P sector reels from the double whammy of falling commodity prices and COVID-19, we believe that a structural shift is about to take place, with companies returning to conventional hydrocarbons away from the recent trend into unconventionals. This should see an increase in exploration, particularly as drilling costs continue to fall and companies look to replace their resource bases. Consequently, interest will rise in untapped regions with huge potential. We believe that this will see a resumption of interest in Namibia, which has world class potential. Global Petroleum holds one of the biggest acreage positions in the country (c11,600km2), with prospective resources in excess of 3.8bn bbls – far larger than any of its peers. With prospects being de-risked and moving closer to being drill ready, we see this as a good opportunity for value-driven investors to gain exposure to a virgin basin. Global offers upside far in excess of any peers (both in Namibia and pure exploration elsewhere), and we see the likelihood of securing a farm-in partner as significantly better. We see Global as being materially undervalued yet offers upside though transformational exploration. We initiate coverage, with a BUY recommendation and a target price of .....3.4p.....and a risked NAV of over 15p......just something for people to ponder whilst they twiddle their thumbs and wait to see if any Namibian news emerges next week......;-)
emptyend: It isn't really a principal/agent issue. The 40%+ holding of the "agents" tells you that they are even more principals than other shareholders are. Neither is there anything useful they could convey to other investors to build trust. We all know, in broad terms, what they are trying to do - which is to increase the value of the company's assets. And we know roughly what they are trying to do to achieve that: a farmout or a corporate deal that enables works on the assets to be progressed.I've always been of the view that they should be 100% focused on the industry if they want to achieve that!Over recent years they have probably looked at a hundred ways of doing that and talked to all sorts of potential partners. I trust them to do the best deal possible to advance their own interests....and thereby ours....
jimarilo: This is the investors video page from AOI, two interesting videos, the top left is a great short film of the Deepsea Stavanger enroute to S/A The other is top right from May 2019 where Keith rounds up where the company currently are and talks of there investment in ECO, Impact and AEC It is mentioned earlier, but 49.15 mins in and near the very end he says they are looking to take a more traditional route to exploration and hopes the next few announcements will be about taking direct interests in blocks, more ground floor like they did in the past. Since then they have taken an interest in a block in S/A with Azinam. They are already indirectly next door to us with Eco in PEL30 and would have a good understanding of our blocks and could be seen as a hedge against PEL30 very different prospects HTTP://
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