Global Petroleum Share Discussion Threads

[emptyend] 10/1/2020 11:57

Lots of fuss on the TRP board today re farmouts. Anyone know if there is anything in that?

[jimarilo] 09/1/2020 12:58

Up coming wells listed below, first well being Total's Venus1, with the rest to follow. Eco have been in talks since October 2018 with potential partners and many others in the same boat, which may be concluded ahead of the Venus spud, which is due in a couple of months.

(Exxon, M&P, Azinam 2 wells Pel44), (Total/Impact 1 well Pel56), (Shell/Kosmos 1 well Pel39), (Exxon/Galp 1 well Pel82), (Galp 1 well Pel83), (Eco/Azinam /Seapulse 1 well Pel30), (Eco/Azinam/Seapulse 1 well Pel33)

Currently we must be in the longest period without news offshore Namibia, but that is soon to change with eight wells on the horizon and possible news flow of deals imo

[jimarilo] 07/1/2020 10:52

Boredom probably, maybe the above three vessels may join or take over the survey operations currently at play in the Walvis basin or may even figure in another basin in the region

[emptyend] 07/1/2020 09:30

Remind me what the basis for this was, jim, other than ship tracking.

[jimarilo] 06/1/2020 21:25

PGS Ramform Sovereign ,Thor Frigg and Thor Assister are on their way from Luanda Angola to Walvis Bay, could be reinforcements.

The Sovereign is double the width of the Sanco Swift

[jimarilo] 06/1/2020 13:07

A reply from a contact in Namcor agreed that there had been a seismic survey shoot in the Namibe Basin and said "This really very interesting news because the more data that available in that Basin it helps block operators‘ to make investments decisions very fast."

I also said there was a survey being conducted in the Walvis basin and he said not so

I sent a link from Marine Traffic and he replied "Thanks". Obviously not allowed to add further

Think they are trying to keep the above under wraps

[aimshares] 06/1/2020 11:25

I have feeling we won't be at this price for long ,can see a upward movement soon .

[jimarilo] 06/1/2020 11:05

Survey vessels in block 2112A PEL37 and going south currently

[jimarilo] 05/1/2020 19:13

The PGS survey seemed to have a bit of time out, but are now back at it and following up the 200m contour line now entering the lower PEL37. So a wider survey than I first thought

Certainly the Welwitschia deep prospect has been well covered, which is interesting as it has already had 3D coverage. Would great news if the Gemsbok and PEL29 is covered, before the survey is concluded

Something is definitely cooking and may be the precursor for some corporate activity GH was talking about

[jimarilo] 03/1/2020 17:14

The survey vessels have turned south at the northern border of PEL94. So have not entered into TRP blocks
Apart from Namcor I would like to know who is directing this show

It very much looks like they could be checking out the fairway between GBP blocks and PEL82&44 , Exxon have an interest in both blocks

Time will tell

[jimarilo] 03/1/2020 09:52

Currently back in PEL94

[jimarilo] 03/1/2020 00:19

PGS signed a 10yr contract with Namcor 2012



This link is regarding the Namibe basin just completed for Namcor, but Exxon will be all over this for sure



Other surveys completed in 2012 & 2013





The new survey in the Walvis basin currently in operation probably a 3D shoot

[jimarilo] 02/1/2020 22:00

Currently over Oranto's PEL43....S21 / E011 , makes you wonder who is the client is and is it still Exxon ?

Certainly this is now a Walvis Basin survey and is working on the deeper blocks including ours

[jimarilo] 02/1/2020 17:57

Worth keeping an eye these PGS vessels, still shooting seismic surveys. They reached as far as the bottom of PEL34 down the eastern boarder line and now on the return journey north again



Licence map with the longitude and latitude references on the circumference

[jimarilo] 31/12/2019 14:28

Quarterlies end of January

[jimarilo] 31/12/2019 06:51

PGS vessels currently surveying through Welwitschia deep in PEL94

[jimarilo] 31/12/2019 00:53

Seems to be a standard policy adoption on the ASX currently, many other companies complying

[jimarilo] 30/12/2019 20:07

Counting the pictures from the end up 15 and 21 GBP in attendance by way of Paul Howlett at the recent Frontier Big 5 awards. Paul pictured with Impact oil & gas Mike Doherty clearly having a good time and Envoi's Mike Lakin, currently working on the Serica farm out



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UqMSsMWxHk725yiiHCCLfrh8O1z4YTzHvnKhyp6Da-NYroOW3ZGjoBKy3azqku80C789l0iyqMbMesKd95J-X4EagrgU9L3Sa3U8cogeb0tjXbfawd0urKshkc5MgdBeJmALQKw/ANT_3146.jpg

[jimarilo] 30/12/2019 19:46

The link shows four blue vessels heading south and the pink dots shows it is shooting a seismic survey. Placing the cursor over the vessels then shows the longitude and latitude positions in the top right corner. Two of the vessels are the Sanco Swift and the Sanco Scorpio. They may have finished in the Exxon blocks and are possibly heading home, will have to wait and see. However currently they are running down the dividing line between block 1910A and 1911 (TRP), which puts them on course for the boarder between our PEL29 & 94 . They did this before when heading north to the Exxon blocks some weeks ago



Licence map with the longitude and latitude references on the circumference

[jimarilo] 29/12/2019 01:02

With 3 days to go for the IMO 2020 Low Sulphur Fuel Oil Regs to take effect, LSFO prices at Fujairah(Saudi) and Singapore are rising into the stratosphere!

New sales price records have been set virtually every day over the past few weeks.

LSFO at Fujairah, the largest ship bunkering facility in the Persian Gulf is currently averaging $117/bbl with prices up to $127/bbl paid for smaller sized orders. The spread with heavy(3.5% Sulphur) fuel oil reached an astonishing $71/bbl today.

At Singapore, LSFO is currently averaging a record $106/bbl with prices up to $110/bbl paid for small orders. The spread with heavy fuel oil also set a record $51/bbl today.

MGO is currently $104/bbl and $113/bbl respectively at Fujairah and Singapore.

[jimarilo] 27/12/2019 03:21

I prefer to buy something thats gone down, not up

Buy some PHAR ;-)

[fardels bear] 26/12/2019 23:50

Buy some JSE and PTAL, Jim..

[jimarilo] 26/12/2019 23:23

S/A moving the goal posts. Not good news for Total, Azinam, TRP, Impact, AEC and AOI


https%3A%2F%2Fwww.google.com&_tf=Fr%C3%A5n%20%251%24s&share=https%3A%2F%2F
www.bloomberg.com%2Fnews%2Farticles%2F2019-12-24%2Fsouth-africa-proposes-20-carried-interest-in-oil-and-gas-law

[jimarilo] 23/12/2019 11:51

Total on a spending spree, just increased their foot print in Angola, now enter Suriname $5bn carry for Apache



If they like the look of Venus 1......anything could happen

[jimarilo] 12/12/2019 12:02

End of year event for Nampoa 9th Dec, GBP is a member

Yolanda, Azinam's Accountant addressing the party, including Exxons rep in the pink