Global Petroleum Share Discussion Threads

[encarter] 05/12/2013 09:53

No reason to sell any until TRP spud so share price should see a steady rise until then and maybe a boost from farm down news on top. Back above 20p by March imho.

[marbles1234] 05/12/2013 09:47

yea I agree 10p+ is looking easy now

[encarter] 05/12/2013 09:45

TRP 30% licence TRP valued at £130m
GBP 85% licence GBP so equivalent share price would be about 200p a share.

[falia] 05/12/2013 09:42

10P+ COMING

[encarter] 05/12/2013 09:40

In auction, she's gunna blow captain!

[marbles1234] 05/12/2013 09:05

onwards and upwards!

[alex hawk] 05/12/2013 07:36

A bit of patience :-)

[whereareallthemugpuntersyachts] 05/12/2013 07:34

We will see. 200 day MA is massive resistance and where the rise failed yesterday

[henryford] 05/12/2013 07:22

Disagree, momentum is with it
MACD turning on strong volume, no resistance on chart till 10p.
$20m in cash. £10m mk cap!
Namibia in for free.
No brainer
HF

[whereareallthemugpuntersyachts] 05/12/2013 07:17

We won't show any progession unless we get some news from the Company I expect. We rallied right into the major resistance of the 200 day MA yesterday.

[aim999] 05/12/2013 04:55

(GBP blocks 2010a & 1910a)Next door to Char & tower/arcadia blocks1) Blocks shown at http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=011458132) take a look at page 24 of this tower report see 'prioritized prospects'they are the in & right next to the GBP blockshttp://www.towerresources.co.uk/investor/files/anaystresearch_FDC_060209.pdf3) Look at page 17Oil seeps recorded in our blocks (and towers) also strucual high covering our and towers blockshttp://www.hrt.com.br/hrt/web/arquivos/Apresentacao_hrt_update_26092011_eng.pdf

[aim999] 05/12/2013 04:44

Quite some volume here today ..... A much safer bet here than TRP. Tower Starting to remind me of the Falklands - share price doubling up by the day, all the nutters arrive on the boards. At least GBP are backed by cash & any success will make our blocks very attractive Remember we have 85% of two blocksTower only have 30% and are farmin downIf they hit we can name a high price to farmin to our blocks

[dontshootthemessenger] 04/12/2013 18:43

I'll be happy to average down if they give a good reason to. The 200 day MA seems to be big resistance though short term

[alex hawk] 04/12/2013 18:29

Should smash through 6p tomorrow now that MACD has turned positive IMO.

[kiwimonk] 04/12/2013 17:36

It would make sense for TRP to bid for GBP. they'd also get a peach of share if they are buying stock in the market. Namibia Licence with the full 2D and 12m in cash is is worth a few times Market cap.
oh and 7 Billion Barrels Of Oil in the block!

[dontshootthemessenger] 04/12/2013 17:24

I bet Management aren't

[alex hawk] 04/12/2013 17:05

Highest volume for a year somethings cooking

[offerman] 04/12/2013 17:05

Thanks Chaps.

Ohisay, sorry you have to be like that, not best welcome.

[monkey puzzle] 04/12/2013 16:52

Offerman,

Loads of cash...but that's because the management here are so inert they never spend any.....

[belisce6] 04/12/2013 16:50

offerman...

i believe that gbp is trying to farmout for 3D seismic stage... but it may even be for the 2D seismic stage... not sure... but its still very much an earlier stage project etc...

[belisce6] 04/12/2013 16:48

tru... but trp can raise the cash they want... no need for gbp anymore... not with the current trp share price :-)) besides.. the ruffly one month after trp presentation is up now, in terms of farmin partners putting in bids etc... so might just be that trp have almost sold their 10% of full namib project for a decent amount.. then it follows that gbp simply being dragged up with the trp momentum... it was bound to move up on the back of trp drilling before the actual drilling etc...

[ohisay] 04/12/2013 16:46

Most of us do our own research .Why not give it a whirl ??

[offerman] 04/12/2013 16:44

Hi Chaps, Not invested here but its on my list of potentials.

-What is the cash balance like. ?

-I notice only 175million in circa, not that much meaning s,p swings could be significant.

-Licence next to TRP, any seismics on this yet, if not when is this expected and cost estimates?

- how much of the licence do they own?

- What is the CoS of this?

Many Thanks to give me head start on the DYOR bit.