Global Petroleum Share Discussion Threads

[jimarilo] 20/1/2020 12:59

PGS vessels currently moving down the TRP block 1911 towards our 2011A in alignment with our Welwitschia Deep prospect location

[jimarilo] 20/1/2020 12:45

Indeed and even then there is no need to rns the fact

[oilretire] 20/1/2020 12:36

But you're invited into a data room.....

[jimarilo] 20/1/2020 12:16

Agreed ee, only need to make an announcement if the survey was contracted by the company

Quarterlies due month end, might see a mention there

If Exxon were looking over our blocks, it could be argued that you are doing the same thing in the data room

[aimshares] 20/1/2020 12:04

When the farmout for Namibia lands ,I wonder sometimes where the share price will go ,so little free flow shares .it literally moves on every buy .

[oilretire] 20/1/2020 12:03

Ok, but just seems strange someone else can just wonder over GBP's territory and carry out seismic surveys without it being agreed/announced.

I'd still suggest the likes of Exxon doing an independent survey over a GBP block would have a material enough impact on the company?

[emptyend] 20/1/2020 11:47

Because there is no material event that directly affects the company or is controlled by it.

[fillipe] 20/1/2020 11:39

The rising of the ASK!
Lowest on show now 2.2p, as i type.

f

[jimarilo] 20/1/2020 11:02

"Several operators in Namibia are planning nearby exploration wells this year that could de-risk the remaining PEL 37 prospects"

Holdon it says.... several "operators" planning nearby wells

I only know potentially of two, (Eco and M&P) several is more than two in my book

[jimarilo] 20/1/2020 10:48

Just out from AEC, company update, gives an idea of fast track processing with their current seismic surveys in S/Africa

But referring to their PEL37 ....."Several operators in Namibia are planning nearby exploration wells this year that could de-risk the remaining PEL 37 prospects"



"Several companies drilling this year".

Since no one drilled last year, there has been a back log of commitment wells.They have extended their licence in PEL37 until March 2021. Eco also have March 2021 deadlines

[jimarilo] 20/1/2020 10:28

Good find ee, exciting stuff

The recent Maersk Voyager news last week highlighting that, at $46m for three deep/ultra deep water wells there has never been a better time for deep water exploration. This is yet another plus on our side

[oilretire] 20/1/2020 10:25

Sorry, not being paying that much attention, but how is it possible for a.n.other to be surveying either GBP or TRP blocks without it being declared/RNS'd?

[emptyend] 20/1/2020 10:16

https://www.offshore-mag.com/geosciences/article/14067995/pgs-gets-funding-for-multiclient-seismic-survey-offshore-west-africa....multi-client.........therefore someone must be interested enough if they are across our blocks?As I suggested previously, it would make sense for eg an Exxon to acquire the full regional data, having used the GBP and TRP earlier data (shortly before contracting PGS?) to spec the survey to cover the main targets. Set against the cost of drilling, say, 2-3 wells, the cost for the survey would be peanuts - as would taking out one or both of GBP and TRP.

[jimarilo] 20/1/2020 10:04

No loose change trades again, all multiples of 5 or 10 ...just saying

[jimarilo] 20/1/2020 09:24

Well originally there was a 10yr contract with Namcor 2012, but the recent Namibe basin survey highlighted on the PGS website says multi-client

[emptyend] 20/1/2020 09:13

Remind me who they are on contract to....

[jimarilo] 20/1/2020 09:04

Vessels now in TRP block 1911 ajdacent to our PEL94, looks to me that TRP and GBP are being checked out

[jimarilo] 19/1/2020 21:36

Vessels are taking their time inside PEL94 coming in from the bottom East side arcing to the left and is currently half way across the bock on the Northern border (S20.1 E11.38)

Certainly PEL94 has had serious attention in this and the previous bout of surveys, this must be significant

[jimarilo] 19/1/2020 14:16

The Swift and co have taken a similar route back up to our PEL94. S20.28/E12.03

and now have turned left into Pel94 S20.20/E11.57

Early in the morning the Sovereign went back to Walvis Bay, so out of the game

[jimarilo] 18/1/2020 11:35

From the above, companies yet to announce their exploration plans are still in the process of agreeing well locations

The PGS survey vessels (Sanco Swift and Sanco Scorpio + support) recently working in the Namibe and Walvis Basins maybe key to these locations and yesterday they started back in the field with the addition of the Ramform Sovereign operating separately

Swift and co have gone through Pel33 and heading into Cormorant block in Pel37 and the Sovereign in the relinquished eastern side of Eco's Pel33

The Western side seem to have a fair bit of attention on the first phase of the works and must be a location for Eco, as there is a commitment well requirement

Be interesting to see if our Pel29 attracts attention this time around

Our Pel94 certainly has had attention, could it be an up coming well location ?, taking advantage of heavily discounted rig rates for Namibia currently ($15m per well). Repsol thought it worth a shot at $110m 2014, but drilled way short, of what now would be the target, Welwitschia Deep

[jimarilo] 17/1/2020 10:31

Status is reachable
Shakwa Nyambe Author
Founder & Managing Director of the Law Firm, Shakwa Nyambe & Co Inc. Energy, Natural Resources & Commercial Transactions
3h
I think they are two other oil companies who will announce once their wells are confirmed. They should drill in Q3 or Q4.

This chap works with the MME and Namcor

[fardels bear] 17/1/2020 09:09

If this ever does come good GBP management should nominate you for a K in the Honours List.

[jimarilo] 17/1/2020 08:26

Azinam is a safe bet as they partner Eco various blocks, they also partner M&P and Exxon in another block

November Seapulse signed up Halliburton and Petrofac so must be very close to an announcement and are in the Azinam camp



Eco have two commitment wells due before March 2021 PEL33 and 30 and M&P/Exxon have mentioned before they would drill two wells

There should have been wells in 2019, so bit of a back log and could mean 5 wells in total with Venus

[jimarilo] 17/1/2020 07:11

Just had it confirmed in conversation on a Maersk Voyager post on Linkedin, apparently two further companies to announce Namibian wells for 2020 (Prominent source)

[jimarilo] 16/1/2020 09:23

Can sell up to 375k online 1.56p