Global Petroleum Share Discussion Threads

[yesyesno] 08/10/2019 16:34

Thanks for confirmed you are the idiot I always thought.

[jimarilo] 08/10/2019 11:57

This the conference where Paul Howlett was making his presentation (walvis basin) with Namcor and a presentation on the orange basin last week



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[jimarilo] 08/10/2019 09:12

Notice GBP on the ASX up 28% with a 100k buy

[jimarilo] 07/10/2019 23:29

With some detection work have found PH (employed by GBP) was presenting in London last week, on stage with Namcor. Promoting the Walvis Bay. I asked for a copy of the presentation and again it is an industry only item

I see Azinam presenting in Oslo today, "As the leading South West Africa-focused Oil & Gas exploration company"


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[jimarilo] 07/10/2019 20:45

YASRUB7 Oct '19 - 10:01 - 7203 of 7205

GBP is a play on whether the Peters can produce a farm out deal or complete take out. As said tiny market cap and 40% held, Namibia coming back in focus and perhaps the Italian interests might have some value to those looking at that area in due course when all the legalities are resolved. I have historically taken the view management due to holdings and age will get a deal done with my preference for a complete take out, for any larger player this can be taken out for pin money.

Good post Yasrub, I think you are quite right

Having accrued an additional block, the take out price will have increased since we last discussed it, potentially

[jimarilo] 07/10/2019 20:29

Think you need to read my post again, I asked if you were long or short ??

[yesyesno] 07/10/2019 19:38

Jimarilo, if that's aimed about me I've never shorted a stock in 30 years. I'm no longer trading, haven't for years now. Just got these dogs for fun bought way before ROSE was ROSE. Maybe one day aye?

Still waiting for your apology mate and the bet is still open - prove I'm shorting any stock and I'll be happy to donate £1k, lets make it £5k as I've just bought a property £40k under the valuation.

BTW - I here the arabs are going to invest in Nigeria big time maybe.

[yasrub] 07/10/2019 10:01

GBP is a play on whether the Peters can produce a farm out deal or complete take out. As said tiny market cap and 40% held, Namibia coming back in focus and perhaps the Italian interests might have some value to those looking at that area in due course when all the legalities are resolved. I have historically taken the view management due to holdings and age will get a deal done with my preference for a complete take out, for any larger player this can be taken out for pin money.

[jimarilo] 07/10/2019 08:50

Just looking at TRP, they have near three times more shares in issue than that of GBP, this is about to increase further in a fund raising for their Cameroon asset

GBP has a small free float as the Peters hold 40% and news of a deal here should have more of an impact

Holding 40% will have a significant effect in negotiations imo

[jimarilo] 07/10/2019 08:06

No Not me ;-)

[chopsy] 07/10/2019 07:52

Good write up by Oilman Jim today. That's not you is it?

[jimarilo] 06/10/2019 17:28

Management of both companies are in talks with potential farmee's

News is due of up coming wells and farm out deals apparently

I am now hoping that Eco don't drill Osprey or Sharon ahead of others as they are in a similar water depth to Cormorant and maybe a reason for Tullow walking away from Osprey (PEL30). Majors looking at ultra deep water plays imo

[jimarilo] 06/10/2019 17:28

double post, doh!

[cashandcard] 06/10/2019 16:42

Jimarilo,Once a large discovery is confirmed, small and microcap stocks like GBP/TRP will skyrocket.The problem until then is dealing with the internal issues. TRP boss is a liability and they are running on fumes. GBP management are commatose and their fate is in the hands of others.Cash

[jimarilo] 05/10/2019 23:58

Certainly, however BPC has a m/cap of £32m and last year £110m when in talks with a major

GBP want to farm out two blocks requiring at least two wells drilled, which may add value to the share price Eco have just had two discoveries with a 15% interest and have near £300m m/cap

You pays your money......or not

[fardels bear] 05/10/2019 19:34

Different times, Jim.. Every man and his dog was in oil stocks in those days. Chariot went from 30p to 324p Istr..

[jimarilo] 05/10/2019 16:25

Welwitschia prospect now in our PEL94, JA describes as a super giant structure

In PEL29 Gemsbok could be in a similar league, with additional prospects Lion and Dik Dik

Choje and Pangolin currently described as leads, but from an old map Choje looks significant and at least similar size to Gemsbok

Running up to drilling Welwitschia TRP had a m/cap of £200m and here we are sitting at £3m

Focus now, whether north or south Namibia, seems to be deep water exploration

It seems the game is coming to GBP, as it is now ticking more boxes for IOC's looking to expand or to enter into Namibia

[jimarilo] 04/10/2019 18:08

Another JA interview

[jimarilo] 04/10/2019 00:01

Interview with JA

Notice he mentions the Repsol well, but doesn't mention the targets they didn't reach

[emptyend] 03/10/2019 18:23

Hahahaha.....

[jimarilo] 03/10/2019 17:03

Were you long or short "ROSE" since 2013 ?

[yesyesno] 03/10/2019 16:25

As a management accountant I know how to read accounts. Clearly you don't.

[emptyend] 03/10/2019 14:20

...those who own the bulk of the equity take very little. Read the accounts.The two directors who have c.40% of the shares take c.$90k between them out of the $535k director remuneration total.

[yesyesno] 03/10/2019 12:22

Why would the directors choose to stop milking two fat cows to kill one off and half their earning proportional. GBP spent about $2m last year again and only about $200k was spent on exploration duties which is supposed to be their claimed purpose. Add to that what they have taken out of Tower and you'll see they even surpasses your average ex-tory chancellor's earnings.

[jimarilo] 03/10/2019 11:22

Africa-focused Tower Resources has engaged in talks with a “major international oil company” with regards to its blocks offshore Namibia.