Global Petroleum Share Discussion Threads

[ertugrul] 26/7/2013 17:17

Do you happen to know?

Could not understand the question.

By the way many are saying you are one of the top deramper in advfn...

[bam bam rubble] 26/7/2013 16:17

ertugrul, looking at the top 20 shareholder list, interesting to see Patrick Cross on there with a small holding. Do you happen to know how he came into ownership of those GBP shares?

[ertugrul] 26/7/2013 15:03

i just topped up 27899 share at 5.33p which sown as a sell

[ertugrul] 26/7/2013 13:00

5.45p paid

[ohisay] 26/7/2013 10:51

No it isnt .
You've been told before - FFS do your sums properly.

[ertugrul] 26/7/2013 10:32

Quarterly report only a few days away, hopefully some positivity will come with it, plenty cash in the bank, over 7p per share

[ifthecapfits] 26/7/2013 09:47

Good spot. Lovelly coastline. I spent 4 weeks on the skeleton coast some years age - amazing place.

[ertugrul] 25/7/2013 16:13

on todays rns they said they are Namibia, they must have a reason to be there, maybe they are seeking for the Namibian authorities for up coming farm in deal. who know.

[ertugrul] 25/7/2013 16:12

on rns they said they are Namibia, they must have a reason to be there, maybe they are seeking for the Namibian authorities for up coming farm in deal. who know.

[ertugrul] 25/7/2013 16:05

Company putting every single step very carefully and they dont want to take any wrong decision, as i understand farm in discussions continues hopefully something will come out soon.

[ifthecapfits] 25/7/2013 15:55

Yep - but hopefully they will in time.

[monkey puzzle] 25/7/2013 15:39

Judging by the chart above no one actually cares...

[ifthecapfits] 25/7/2013 15:15

In case anyone missed it:

RNS Number : 1362K
Global Petroleum Ltd
25 July 2013
25 July 2013
Global Petroleum Limited
("Global" or "the Company")
Namibia Update
Global Petroleum Limited ('Global') - AIM: GBP, ASX: GBP - the oil and gas exploration company presently focused on emerging plays in Africa, notes the announcement made by HRT Participações em Petróleo S.A. ("HRT") and Galp Energia Group on 19 July 2013 of well results from their second exploration well, Murombe-1, located in Petroleum Exploration License 23 in the Walvis Basin, offshore Namibia.
The Murombe-1 exploration well was drilled at water depths of approximately 1,390 metres to a total well depth of 5,729 metres. The main objective of the well was to test the resource potential of the Murombe basin fan system and to penetrate two target reservoirs. Although the well failed to locate the presence of quality reservoir, the Global Directors and technical management team note the further occurrence of an Aptian marine source in Murombe, as encountered in the previously drilled Wingat-1 well.
Of the two wells drilled in the Walvis basin by HRT, Global regards Wingat-1 as being the more significant in that liquid hydrocarbons were recovered from the Aptian interval, thus establishing for the first time the presence of a source rock actively generating oil in the Walvis Basin.
Moreover, Global believes that the upstream oil and gas industry shares this view, and accordingly confirms that it intends to mandate a specialist M&A adviser to assist with the marketing of its two Namibian blocks with a view to identifying suitable potential partners to advance exploration on the blocks, to which Global remains committed.
The Board further wishes to communicate that it is unanimous in its strategy to broaden Global's projects beyond the present assets in Namibia and Juan de Nova. In this connection, the Company has reviewed a wide range of potential new opportunities and the process remains on-going. Global remains well capitalised which provides a position of strength compared to many of its peers and the Board is ready to commit a significant portion of this capital to a suitable new opportunity or opportunities, but only if they believe such are likely to significantly enhance shareholder value. This is a particularly critical consideration in an environment where equity capital is a scarce commodity, particularly for companies in the E&P sector.
Global CEO Peter Hill comments: "Our executive team has been in Namibia this week. It is clear to us that the Murombe well does not move the game on significantly in terms of understanding the petroleum systems of the Walvis Basin, and has highlighted the key uncertainty with respect to migration pathways. On the other hand, the previous HRT well, Wingat, was a major encouragement to all Walvis Basin players, unambiguously establishing the presence of a major source rock in the Basin. Regarding the expansion of the Global portfolio beyond our existing assets, I would reassure shareholders that very significant executive effort has been expended over the last year and more in reviewing potential deals. Our message is that in a world where new capital is extremely difficult to raise, this presents opportunities for Global which is well-funded compared to many peers. However, we will only commit our capital when we feel that the deal is the right one".

[ertugrul] 25/7/2013 15:11

Look, who is our CEO!!!

The appointment of Peter Hill, effective 1 September, coincides with Global Petroleum's anticipated completion, later this month, of the acquisition of Jupiter Petroleum which holds exploration blocks offshore Namibia. Hill's immediate focus as CEO will be to expedite the exploration of the blocks.

Global Petroleum also holds non operated interests in producing wells onshore US.

Peter Hill has extensive experience in the energy sector as a senior executive with a significant track record worldwide in high-level M&A and business development roles, primarily in the oil industry. Most recently Mr Hill was the global head of Corporate M&A for Statoil ASA, where he was responsible for several large transactions, being a key member of the team responsible for Statoil's merger with Norsk Hydro Oil & Gas in December 2006, and leading the acquisition of EnCana's Gulf of Mexico deepwater assets in 2005. Prior to agreeing to join Global, Mr Hill was responsible for supervising execution of the IPO of Statoil's Energy & Retail division in the latter part of 2010.

Previously he set up the international business of Waterous & Co as Managing Director in the UK, and before that worked for Enterprise Oil plc for many years, latterly as Head of International New Ventures. Mr Hill started in the energy industry with Total Oil Marine and is a UK qualified Solicitor, having commenced his career with Clifford Chance. He holds an MA in Law from Oxford University.

[ertugrul] 25/7/2013 12:02

They will MP, take your position before they do

[monkey puzzle] 25/7/2013 11:43

hmmmmmm....as if they would say anything else?

[ertugrul] 25/7/2013 10:25

quote....."which is well-funded compared to many peers....we will only commit our capital when we feel that the deal is the right"

[ertugrul] 25/7/2013 09:59

RNS out. Very positive to me...


TIDMGBP

RNS Number : 1362K

Global Petroleum Ltd

25 July 2013

25 July 2013

Global Petroleum Limited

("Global" or "the Company")

Namibia Update

Global Petroleum Limited ('Global') - AIM: GBP, ASX: GBP - the oil and gas exploration company presently focused on emerging plays in Africa, notes the announcement made by HRT Participações em Petróleo S.A. ("HRT") and Galp Energia Group on 19 July 2013 of well results from their second exploration well, Murombe-1, located in Petroleum Exploration License 23 in the Walvis Basin, offshore Namibia.

The Murombe-1 exploration well was drilled at water depths of approximately 1,390 metres to a total well depth of 5,729 metres. The main objective of the well was to test the resource potential of the Murombe basin fan system and to penetrate two target reservoirs. Although the well failed to locate the presence of quality reservoir, the Global Directors and technical management team note the further occurrence of an Aptian marine source in Murombe, as encountered in the previously drilled Wingat-1 well.

Of the two wells drilled in the Walvis basin by HRT, Global regards Wingat-1 as being the more significant in that liquid hydrocarbons were recovered from the Aptian interval, thus establishing for the first time the presence of a source rock actively generating oil in the Walvis Basin.

Moreover, Global believes that the upstream oil and gas industry shares this view, and accordingly confirms that it intends to mandate a specialist M&A adviser to assist with the marketing of its two Namibian blocks with a view to identifying suitable potential partners to advance exploration on the blocks, to which Global remains committed.

The Board further wishes to communicate that it is unanimous in its strategy to broaden Global's projects beyond the present assets in Namibia and Juan de Nova. In this connection, the Company has reviewed a wide range of potential new opportunities and the process remains on-going. Global remains well capitalised which provides a position of strength compared to many of its peers and the Board is ready to commit a significant portion of this capital to a suitable new opportunity or opportunities, but only if they believe such are likely to significantly enhance shareholder value. This is a particularly critical consideration in an environment where equity capital is a scarce commodity, particularly for companies in the E&P sector.

Global CEO Peter Hill comments: "Our executive team has been in Namibia this week. It is clear to us that the Murombe well does not move the game on significantly in terms of understanding the petroleum systems of the Walvis Basin, and has highlighted the key uncertainty with respect to migration pathways. On the other hand, the previous HRT well, Wingat, was a major encouragement to all Walvis Basin players, unambiguously establishing the presence of a major source rock in the Basin. Regarding the expansion of the Global portfolio beyond our existing assets, I would reassure shareholders that very significant executive effort has been expended over the last year and more in reviewing potential deals. Our message is that in a world where new capital is extremely difficult to raise, this presents opportunities for Global which is well-funded compared to many peers. However, we will only commit our capital when we feel that the deal is the right one".

[monkey puzzle] 25/7/2013 09:57

Global CEO Peter Hill comments: "Our executive team has been in Namibia this week. It is clear to us that the Murombe well does not move the game on significantly in terms of understanding the petroleum systems of the Walvis Basin, and has highlighted the key uncertainty with respect to migration pathways

[ertugrul] 25/7/2013 07:56

TRP rasied money for its Namibia drill. Investors are confident and HRT drill proved the potential

[ertugrul] 24/7/2013 20:20

Good findThanks

[illuminati1] 24/7/2013 19:29

Good read...How Namibia Could Become A Major Oil Monsterhttp://www.valuewalk.com/2013/07/why-namibia-could-be-a-major-oil-monster-2/