Global Petroleum Share Discussion Threads

[jimarilo] 11/3/2020 10:54

The latest confirmed speakers at this years Africa E&P Summit in May, London
Including Namibian players Galp, Exxon, Azinam, AEC, AOI, Impact, Total and Maggy Shino....so far

[jimarilo] 10/3/2020 22:50

Why Oil Is A Great Buy Opportunity

[jimarilo] 10/3/2020 07:50

Half year results this week, quarterlies end of April

[jimarilo] 09/3/2020 19:54

I thought this was a very good interview from JA and Andrew Scott
JA keeping his head whilst others loose theirs............ does make me wonder who the other 24.5% partner will be



Not a bad day for GBP .....down on just 100k

[jimarilo] 05/3/2020 08:05

Posted this morning, seismic shoot in Namibia starting early

Dag Helland-Hansen 1st degree connection 1st
Executive President Europe, Africa & Middle East at EMGS AS & Global Exploration Advisor

"Following up our Africa campaign staring in Senegal and Mauretania in March we will go to Namibia for some jobs. Looking forward to those strategically key jobs for us to prove the value of CSEM in the African geology and looking fwd to more jobs in the area to come"

[jimarilo] 04/3/2020 15:22

Here is the updated speaker list so far, at the up coming Africa E&P Summit in May London
Maggy Shino, Azinam, Exxon, AEC, AOI, Impact and Galp

Galp speaking on "Growing Exploration Portfolio"

[jimarilo] 04/3/2020 07:44

Half year results next week, quarterlies end of April

After 3 consecutive quarterly reports of contacts with counterparties are we closer to a deal ?

[jimarilo] 03/3/2020 11:59

Seismic surveys acquisition between May 1st and August 1st,if we are involved may even have time for a well before the commitment deadline of December

Big if, but that would see more than a ten bagger .....potentially

[emptyend] 03/3/2020 11:54

No. But it could make 10x.....

[fardels bear] 03/3/2020 11:47

Could this be that elusive hundred bagger that many seek yet few find?

[jimarilo] 03/3/2020 11:41

Not all companies are confirmed yet for the Paris Africa O&G conference in June

But just heard GBP are potentially presenting...lets hope they have lots to say

I have already had my final purchase, sitting tight ;-))

"Loren Regier, Vice President - Africa New Opportunities, ExxonMobil"

[jimarilo] 03/3/2020 09:37

Just as I thought no mention of Exxon on the Azinam presentation and website, nor M&P that Exxon completed the PEL44. Azinam confirm on their wbsite, that Galp and Exxon gave M&P /Azinam a 3D survey at no cost to Azinam/M&P

Made an inquiry through Mapstand, who had Exxon as a partner in PEL44. They followed up and got back to me this morning

"The data team have let me know that Azinam confirmed the deal with Exxon fell through, as you thought. The licence has been updated. "

Have they seen something of more interest elsewhere ??

[jimarilo] 03/3/2020 02:29

Didn't see this on the BBC

[jimarilo] 02/3/2020 21:45

I missed a paragraph in the recent link

Electromagnetic Geoservices has received a letter of intent with a minimum value of $3.6 million from an undisclosed customer on behalf of a JV block consortium, offshore Namibia.

The above is in addition to the Nabirm contract

And at the foot of the link, paragraph I missed .....

"We continue to engage with customers with a view to further expand the planned data coverage to provide a first-class CSEM dataset extending between the Walvis & Orange Basins, where several high impact, deep-water exploration wells are planned in 2020."



This is even more significant shows of activity in Namibia currently

[jimarilo] 01/3/2020 23:57

taken from the operations page PEL44 on the Azinam website

"Galp acquired 986km² 3D seismic courtesy data over PEL 44 in 2018, this data is being given to the PEL 44 partnership at no cost"

Slide 10 shows where Galp&Exxon acquired the 3D



It is becoming apparent that Exxon have walked from the initial position on PEL44, as there is and has never been mention of that farm out on Azinam's or M&P's websites and original percentage interests remain.....the plot thickens

[investoroilandgas] 01/3/2020 21:46

What if Peter Taylor (20.54%), Peter Blakey (19.66%) or Sandra Anne David (3.38%) were prepared to sell some of their shares?

Venus 1 scheduled to be drilled in April 2020, other drills planned, things are getting interesting in offshore Namibia.

[paleface1] 01/3/2020 20:43

ASX allows 15% share allocation without shareholder approval and an additional 10% with shareholder approval
but 25% wouldn't do it

[jimarilo] 01/3/2020 13:07

Exactly what I was thinking, a much cheaper option than an IPO and access to two markets with GBP ;-)

[emptyend] 01/3/2020 11:32

On that topic, it would make some sense to reverse into listed company with complementary assets....

[jimarilo] 28/2/2020 23:15

Electromagnetic Geoservices has received a letter of intent with a minimum value of $3.6 million from an undisclosed customer on behalf of a JV block consortium, offshore Namibia.



Significant news, this is in addition to the Nabirm contract

Makes me wonder if PEL29 will be included in this survey ?

[jimarilo] 28/2/2020 18:27

I always thought AEC may take an interest in GBP and then farm out the assets, however AEC seem content with their lot possibly from the recent live presentation

They same scenario has just played out with Azinam and OK Energy. This play gives a micro cap like GBP and OK Energy credibility to majors that cash calls will not be an issue.

OK Energy are a great example for what could be coming our way imo

"Daniel McKeown, Managing Director of Azinam, commented: “An indirect interest in OK Energy’s two South Africa licenses gives Azinam further exposure to the Orange Basin and new exposure in the Algoa Basin. Both license positions enjoy significant carries from the larger on-license partners. These positions offer a doubling of exploration exposure for Azinam offshore South Africa."

[jimarilo] 28/2/2020 02:00

A clean buy out is possible and a choice of 10p or no deal, obviously it would be taken. My current holding @ 10p would return a fantastic tax free win

However, it is is possible expectations have been diluted with time. We forget the quality of the Peters and of the assets. The "assets that cannot be ignored" (the voice of reason ;-))

The Peters have been in talks for 3 consecutive quarters and each time, was with regard to farming out PEL29 & 94

It seems here that OK Energy Ltd is run out of a residential property in Oxford.

However they farmed out two blocks, one to Shell/Kosmos/Azinam and one to Equinor/Total/Azinam in S/Africa





My money is on a farm out deal, (sticking my neck out) which could even see a near term well imo