Global Petroleum Share Discussion Threads

[jimarilo] 22/10/2020 13:17

'PAJ is still alive': BP lays out new plan for deep-water Angola oil and gas project Https://www.upstreamonline.com/field-development/paj-is-still-alive-bp-lays-out-new-plan-for-deep-water-angola-oil-and-gas-project/2-1-896892

[emptyend] 21/10/2020 14:05

Thanks. Think it was the Poseidon I was thinking of.

[emptyend] 21/10/2020 12:12

Tullow up 27% today. ECO now up 21%, perhaps on the back of explo cash. Some greater focus on Africa would be helpful.

[emptyend] 21/10/2020 11:47

$10mn a well for an ultra-deep drillship......pretty inexpensive. The specs of wells and work obviously vary but IIRC some deep back 6-7 years ago were costing $50mn.IIRC somebody repositioned a rig/ship into Namibia last year (from GoM, I think), in anticipation of picking up work. Can you recall which rig that was, Jimarilo, and whether it got the anticipated work?

[jimarilo] 21/10/2020 11:24

21 October, 2020 Maersk Drilling secures additional three-well contract for Maersk Voyager in Angola Https://www.maerskdrilling.com/news-and-media/press-releases/maersk-drilling-secures-additional-three-well-contract-for-maersk-voyager-in-angola This is in addition to the current contract, which includes the Venus well Namibia But look at the rate $10m per well

[jimarilo] 21/10/2020 01:29

The above confirms that deals and exploration are still going on. The vessel being used is the POLARCUS ADIRA and is heading to Gabon However EMGS is the company under contract to shoot 3D in the Walvis Basin and should be fairly soon They just announced a collaboration here Https://newsweb.oslobors.no/message/515787 There is a Q3 results presentation on the 5th Nov and will give an update on work program

[jimarilo] 19/10/2020 11:25

Polarcus Awarded 3D Project In West Africa 16 Oct 2020 Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces a letter of award has been received for 3D seismic data acquisition services in West Africa with an expected duration of two months. The project is scheduled to commence in Q4 2020. Https://polarcus.com/press_releases/polarcus-awarded-3d-project-in-west-africa-4/ No mention where in West Africa or with who as yet

[emptyend] 17/10/2020 21:38

Namibia? Italy?

[jimarilo] 17/10/2020 12:23

This is a the most important watch for your health and future Every MP has been served a notice for Treason and Genocide, hence the start of resignations......more to come Https://www.youtube.com/watch?v=w9pm3Z6nFnk

[emptyend] 16/10/2020 08:09

Quite. If ENI have success then the basin becomes a clear focus. Ideally, though, one would like to have the legal issues totally settled by that point - so I hope GBP .....err....step on the gas in that regard.

[jimarilo] 15/10/2020 21:48

And if Eni hit pay ?

[emptyend] 15/10/2020 18:42

...more than worthless ......haste.....doh

[emptyend] 15/10/2020 18:41

...well there is no value given for them at present, is there?

[jimarilo] 15/10/2020 18:02

"that may make the Italian permits less than worthless?" So it is a one way bet ?

[emptyend] 15/10/2020 16:40

....those wells will be the closest to GBP's Italian blocks likely to be drilled any time in the next few years so, depending on the result (and the legal case), that may make the Italian permits less than worthless?

[winnet] 14/10/2020 16:23

can't sell a 1000 shares online...

[jimarilo] 14/10/2020 12:09

The out come of the above is very much on topic with the oil and gas sector and will have a huge impact, when we are out of this fake lockdown Edit :Estimated cause of death October 2020 Https://twitter.com/V5M1000/status/1316472745593655296

[emptyend] 14/10/2020 11:57

Can we stop this off-topic discussion please?

[swanvesta] 14/10/2020 11:27

The explanation for Raab's 7% is that the vast majority of people in airports will be negative. In which case the false positive rate of ~0.8% will be highly significant. There's some uncertainty how many contacts in test & trace will actually be positive, especially if they have symptoms, but likely an order of magnitude more than in the general population (and hence in airports.) So false positives will be much less of a problem. Could still be significant of course - it all depends how targeted the testing is.

[jimarilo] 14/10/2020 10:47

Interesting how Kay Burley by passes Raabs 7% admission ;-) Foreign Secretary Dominic Raab says the "challenge" with testing for #COVID19 in airports is 'the very high false positive rate' and adds 'only 7% of tests will be successful in identifying those who have the virus'. Https://twitter.com/SkyNews/status/1308655561081225217 Https://twitter.com/MerrynSW/status/1316265031345074176/photo/1 How long can the dictatorship keep this fraud up and how long before Raab, steps down again, against the government ?

[emptyend] 13/10/2020 15:33

Not very material. Possibly some placees expected a quick turn (and some took it) but the reality is that once the placing had been committed to, it indicated management weren't expecting a very quick deal. Nothing has changed on the fundamentals (apart from the top end of the upside potential being sliced off).....it is still a play on increasing interest in Namibia acreage, resulting from drilling by others coupled with improving oil fundamentals. Of course a deal may happen sooner, but it would be unwise to count on it.

[jimarilo] 13/10/2020 14:31

Can still sell @ .77. If you want to sell in relative size, it is marked down Considering the amount of sells, is there an order being filled ? Time will tell