Global Petroleum Share Discussion Threads

[emptyend] 21/6/2017 09:27

....some interest this morning, it seems....

[joestalin] 09/6/2017 11:43

Falia - your caps lock key seems to be stuck in the 'on' position, and also, your punctuation leaves a lot to be desired.

[falia] 09/6/2017 11:37

ABOUT TO MOVE UP

[falia] 09/6/2017 11:22

COULD THIS DO A BZM

[ohisay] 08/6/2017 18:58

hxxps://www.energy-pedia.com/news/namibia/global-petroleum-to-acquire-seismic-in-pel-0029--offshore-namibia-170907

[ileeman] 08/6/2017 12:02

Added some more today. Seismic results could open peoples eyes here.

BOD need to get a move on but risk/reward is great at these levels.

[ileeman] 08/6/2017 07:57

interesting. Some life in here after all.

With their cash position and if BOD pull their finger out could see a JOG style rise here. The risk is the management but cash position mitigates a lot of that risk.

BOD owning 40% is a big incentive for them to get this moving.

[emptyend] 08/6/2017 07:22

200 sq km structural closure? That could be interesting......I wonder what they think the potential reservoir depth could be?http://www.investegate.co.uk/global-petroleum-ltd/gbp/seismic-survey/201706080700024590H

[hugepants] 28/5/2017 10:48

This may not be the worst O&G company in the world but it's surely in the top 5?

[hugepants] 28/4/2017 10:18

Quarterly results out for this gem.

[emptyend] 17/3/2017 15:35

Fair point re an all-paper deal with loss of control - but even the Peters will care about 7 figures.Not sure why the CEO has been paid that.....Or for what. He hasn't had a long "to do" list.....Nor accomplished much of it, I suspect.

[hugepants] 17/3/2017 09:30

Also cash will deplete by a fair bit this year. If you include the costs of the anticipated 2D seismic in Namibia then cash will be down to about 2p per share ($5M) by the end of the year.

It's worth bearing in mind that 3 years ago, just before the oil price crash, they had $20M. Can you point out anything of value this lot have created since then? It's not like they've spent anything on drilling or production?

According to the last account, the CEO Peter Hill's renumeration was $575,903 last year and $574,573 the year before. Not bad considering. At least somebody is doing well out of this.

[hugepants] 17/3/2017 09:26

Directors own 40%+.....of course they care!

I'm beginning to wonder if these guys' GBP shareholdings are just a small part of their overall wealth. Also I think this is a good case of smaller shareholders interests not being aligned with the larger ones. What may be a great offer for smaller shareholders probably won't work for these guys. If it's an all paper deal they will be left with significant illiquid shareholdings but no control.

[emptyend] 16/3/2017 09:40

From Tullow results:During the year, there was a focus on interpreting previously acquired seismic surveys to prepare prospects in advance of making the decision on whether to drill. Encouraging oil plays have been identified in Blocks C3 and C10 in Mauritania and in the PEL30 and PEL37 licences in Namibia....will warm words translate into action if a rig becomes available in Namibia without material mob costs?

[emptyend] 16/3/2017 09:27

Directors own 40%+.....of course they care!In fact they are probably more frustrated than the rest of us. More relevantly, as and when something positive actually happens, it'll be tough to buy a decent stake.I suspect that the key to progress will either be a more constructive view of Namibia (what has happened with the well planned there by Tullow?) or finally clearing the Italian regulatory issues.If the acreage starts to look attractive and prospective, the current market valuation is option money.

[hugepants] 14/3/2017 14:20

Interims out. Still hopeless but I don't think they care

[dingo75] 05/3/2017 17:58

GBP - some v nice namibian exposure and as always, wait for the strike from a big gun, then these will rocket back to all time highs.

[dingo75] 05/3/2017 17:56

CHAR will get there. v clever deals. gigantic upside. well spread multi billion barrel acreage.

[ileeman] 05/3/2017 17:22

Yea now they do. Dates set only recently.

[squibno1] 04/3/2017 10:57

The difference is that MATD has two paid drills happening this year!

[ileeman] 03/3/2017 15:30

Considering the rises in some small cap oilers GBP looks like a good punt.

MATD
JOG

All forgetten companies that have gone vertical.

MATD was in a similar position to GBP, all time lows, cashed over cap, 3d siesmic results due. Very much unloved until it started hitting 10p, 20p then every wanted in.

[emptyend] 02/3/2017 17:34

.....between yesterday in London and today in Aus.

[emptyend] 02/3/2017 16:11

I see over 1mn shares traded today in Aus. That hasn't happened very often in the last few years....and represents nearly 2% of the free float.

[ileeman] 02/3/2017 11:40

CHAR up another 13%

[squibno1] 01/3/2017 13:44

Interesting to see that Chariot was up 37% on Friday, thanks to an Investors Chronicle tip. Similar sort of assets to GBP?
apart from a fully paid up Morocco drill next year and some juicy stake in Brazil !