Global Petroleum Share Discussion Threads

[encarter] 21/2/2014 23:06

hxxp://www.southerntimesafrica.com/articles/9490/Renewed-Hope---Shell-s-return-to-Namibia-raises-prospects-for-gas-and-oil-finds---/#.Uwfax4U0CV4

[stockonomist] 21/2/2014 20:43

Stealth breakout

[alex hawk] 21/2/2014 17:59

Goodbye 5's

[stockonomist] 21/2/2014 10:31

GBP shareholders will get vertigo up here

[alex hawk] 21/2/2014 08:05

Ooo 6p on bid

[alex hawk] 20/2/2014 22:16

Would love to see 6.5p-7p in a flash but I think will be a slower and steadier build up. FWIW I see an ascending triangle forming with mid-march as pivotal date which fundenmentally will be supported by investors taking a position leading up to TRP spud and bid deadline for GBP farm-out.

200 day MA has started to slowly rise so golden cross in the making shortly as well. Similar thing has happened on TRP and OEX recently leading to crazy spikes.

[weissy] 20/2/2014 13:13

Stockonomist,

The way the buys and sells have bee going i see 5.85 test happened yesterday 6.5-7p today or tomorrow.

GL

[stockonomist] 20/2/2014 10:28

Can see this retesting 5.75 and then making a run to 6.5 or 7p level soon

[ghostofahangman] 19/2/2014 13:11

because they have not got a dirty great big rig turning up next month,
not to late to switch guys..

[pieball] 19/2/2014 12:57

so why isn't it boosting GBP?

[trulyscrumptious] 19/2/2014 09:43

That news seems to have boosted TRP.

[oilretire] 19/2/2014 00:17

Hmmmm, TWO more international oil companies will enter Namibia 'soon' it seems :-)


Namibia's government said Tuesday it would soon accept more major oil companies into the country, a day after Shell announced it had bought two offshore blocks.

Petroleum commissioner Immanuel Mulunga told AFP the government was in the process of approving the arrival of two more, as yet unnamed international oil firms, amid the clamour to make the country's first major oil find.

Mulunga said the arrival of Shell would be a confidence boost for the sector and could act as a magnet for other international oil companies.

[stockonomist] 18/2/2014 15:26

Alex this is too boring to even remember to sell even if you wanted to.

[howie50] 18/2/2014 11:22

BUY TRP ALEX, it's not boring over their! Even David Brent your sidekick has joined the party...

[alex hawk] 18/2/2014 10:52

April will be the real action - most traders are waiting for a close above 6p otherwise there's still a risk of 4p for now.My only concern with my investment here is i will get bored and sell out before my TP but lets see.

[stockonomist] 18/2/2014 10:31

Shell news has really put a rocket up this

PMSL

[encarter] 17/2/2014 23:07

hxxp://www.iol.co.za/business/companies/shell-to-drill-for-oil-in-namibia-1.1648345#.UwKUroU0CV4

[stockonomist] 17/2/2014 22:50

There was speculation previously that Signet's 45% stake in their Namibian licence could make it worth as much as £200m !

Even if you halve that and halve it again GBP's 85% stake could be multiples of the current price.

Jazz T - 15 May 2013 09:33 - 3 of 9

From Today,s Daily Mail


Polo Resources jumped 2.5p to 26.75p after Michael Tang became chairman and Mettiz Capital, a Malaysian investment group controlled by him, has become the company's largest shareholder by acquiring a wad of shares at 40p a pop.

Dealers also say its 48.21 per cent stake in Signet Petroleum could be worth around £200m and it is possible that the company could eventually be floated in Singapore, giving Polo a windfall.

[stockonomist] 17/2/2014 16:52

Thanks for heads up Spangle.

pieball I don't think it's that simple. But with BP and Shell and BG and Tullow all involved amongst others it really should be an easier sell for GBP to sell whatever they do have ?

[pieball] 17/2/2014 16:49

Good for GBP I guess. Does it mean that if either shell or TRP strike we are onto a winner here? Is the shell plot near the GBP plot ?

[spangle93] 17/2/2014 16:43

Stockonomist - ref 5076 - Shell announced today that they are the IOC in question

[stockonomist] 17/2/2014 15:40

Chart building quite nicely now

[alex hawk] 13/2/2014 10:29

Current attributed value £0mOn TRP spud with expected farm in bids at the same time? £10m-£30m?SP range of 10-20p looks do-able