Global Petroleum Share Discussion Threads

[aimshares] 27/11/2019 07:10

GBP 57% up ASX

[jimarilo] 26/11/2019 23:35

The buy order @2.7 managed to get just 13300 shares which put the price up 42%

All other sell order prices just gone up to minimum 3.9

There is very few shares available on either exchange ;-)

[aimshares] 26/11/2019 23:27

Up 42% now in ASX

[jimarilo] 26/11/2019 23:20

GBP over on the ASX looking interesting

Current share price 1.9

1m buy order @ 2.7
1m buy order @ 2.6

[aimshares] 26/11/2019 23:08

Sorry guys for repeat posts posted once but came up 3times

[aimshares] 26/11/2019 22:55

https://t.co/dfcSCjogbG?amp=12.88p / 4.24p targets on closing above 200ma - #GBP chart

[aimshares] 26/11/2019 22:50

https://t.co/dfcSCjogbG?amp=1

[aimshares] 26/11/2019 22:50

https://t.co/dfcSCjogbG?amp=1

[aimshares] 26/11/2019 22:45

2.88p / 4.24p targets on closing above 200ma - #GBP chart2.88p / 4.24p targets on closing above 200ma for LSE:GBP by vcm11uk.tradingview.com

[aimbagger] 26/11/2019 21:47

https://twitter.com/aim_bagger/status/1199444307087896576?s=21

[emptyend] 26/11/2019 20:10

....biggest volume for over a year....

[aimshares] 26/11/2019 19:31

https://www.voxmarkets.co.uk/articles/global-petroleum-estimates-prospective-resources-for-its-namibia-licence-adff178

[jimarilo] 26/11/2019 17:19

Paul Howlett senior geologist/exploration manager is the consultant putting todays numbers together

Quite rightly I think he has been conservative, looking at the potential shown on the TRP CPR below, slide 6, showing the Albian zone in the Delta prospect (Welwitschia prospect)@ 2bn bbls mid case. This is the deepest reservoir in the CPR and sits on the Aptian. GBP's numbers are based on the Aptian zone, not even listed by TRP

It is not listed because the model was flawed and the new concept bears this out

Neither zones were reached by the Welwitschia well drilled by Repsol and today those deeper targets are the primary targets for the majors and their up coming wells

GBP have the Aptian @ just under 1bn bbls mid case and 2bn bbls high case. Until the drill bit drills out the Aptian and as said this morning, todays numbers could be very conservative



Don't forget our block next door PEL29, here is the GBP CPR showing 3.66bn bbls

[aimbagger] 26/11/2019 16:49

Solid close, above all MA's on the daily, weekly & monthly charts! Tomorrow could be interesting... Mcap largely covered by cash balance & 4.6Billion barrels prospective resources (best case), the company looks too cheap!

[jimarilo] 26/11/2019 16:27

20p / £40m would be a snip for Exxon

[amrishbhim] 26/11/2019 15:55

This could be taken over by a bigger company soon, 10p a share,,Today news I think it should by at17.5p/20p

[aimbagger] 26/11/2019 15:33

PEL0029 CPR: Total of 3.66 BILLION barrels unrisked gross prospective resources (Best Estimate) has been estimated in the Blocks (table below).PLUS today's news on PEL0094: 964 million barrels unrisked gross prospective resources (Best Estimate)?4.62BILLION barrels!?

[aimbagger] 26/11/2019 14:39

GBP chart looking awesome 2.88p first target. 4.24p second target.https://twitter.com/mf_charts/status/1199336082728341504?s=21

[aimbagger] 26/11/2019 14:19

Hence why it moves so well with volume. See what the afternoon brings.

[emptyend] 26/11/2019 14:15

No idea. But there are only about 114mn shares in the free float...

[aimbagger] 26/11/2019 14:08

Wondering if we'll see an afternoon rally here. Best case resource estimate for all licences c4.5Billion barrels!! £3.2M Mcap with c$3.7M cash is super cheap... fair value £5-6M Mcap??

[emptyend] 26/11/2019 13:42

.....risk depends on what is known about the basin. If elements like source and seal are derisked by drilling elsewhere then the pre-drill CoS will improve.

[emptyend] 26/11/2019 13:40

I don't have a fixed view on that. But significantly above here, given the control position, assuming that Namibia generates proper interest from majors.

[fardels bear] 26/11/2019 13:14

I think if the Aptian is a regional seal this basin blows wide open.

[jimarilo] 26/11/2019 12:49

The problem used to be the seal, however since the Totals Brulpadda well (S/A), it has confirmed wells that have hit hydrcarbons in the Orange basin and Walvis basin all drilled through the pressurised Aptian shale which acted as the seal.

The Aptian shale is found deeper than the previous wells including Cormorant and Prospect "S" and also including the TRP Welwitschia, so called glowing in the dark

Total will be testing their concept with the up coming Venus 1 well