Global Petroleum Share Discussion Threads

[riskyinvestor] 07/3/2023 13:13

AM OUT INTO TOWER RESOURCES THIS IS A LIFESTYLE COMPANY

GOOD POSTS ON LONDON SOUTH EAST

[riskyinvestor] 06/3/2023 13:52

Not many have picked on the Namibia find yet

[riskyinvestor] 06/3/2023 13:40

Interim Financial Statement due soon.

Ignore the Farmout but this must be ripe for a TAKEOVER

MARKET CAP is only around £3m

[supercity] 06/3/2023 13:28

This is one of those where within a few weeks and it's bagged people will be jumping in and asking why they didn't buy it today.It's about to go on a run with all the news coming out of Namibia - mark my words

[riskyinvestor] 06/3/2023 12:13

Strike three: Shell scores its largest oil discovery yet in world’s top exploration hotspot
The Jonker-1x probe hit light oil, with Upstream told it is huge find, better than the supermajor's previous discoveries in same block

two earlier oil finds in probably the world’s top exploration play.

QatarEnergy and state-owned Namcor, Shell’s partners, today confirmed Upstream’s recent exclusive that the Jonker-1x probe had hit light oil in Block 2913A, but did not go into detail.

However, informed sources told Upstream that the Jonker discovery is jumbo-sized, fully justifying Shell’s decision to focus on a new geological play in the block as opposed to going back to drilling in the area of last year’s Graff-1x and La Rona-1x discoveries.


Shell makes ‘big’ oil discovery offshore Namibia — results imminent
Read more
One knowledgeable source said the exploration fraternity is abuzz with talk that the Jonker prospect could house “over 1 billion barrels of recoverable oil”.

Another seasoned explorer said this estimate was utterly reasonable: “This is entirely possible.”

Namcor, Namibia’s state oil company, said today that Jonker-1x probe hit light oil, adding that it is a “major” oil discovery that will be appraised.


Jumbo find: Shell's Jonker-1x discovery is located in a prolific part of Namibia's Orange basin. Photo: Map NAMCOR
“The acquired data is currently being evaluated and further appraisal drilling is planned to determine the size and recoverable resources potential of the discovery,” said Namcor.

Odfjell’s semi-submersible rig Deepsea Bollsta drilled the exploration well to a total depth of 6168 metres in a water depth of 2210 metres.


Woodside Energy set to join the gold rush in world's hottest hydrocarbon hunting ground
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The semisub is now on location at Graff-1x, according to marine intelligence provider VesselsValue, and is expected to re-enter this well to carry out a drill stem test.

Located about 270 kilometres offshore, Jonker-1x is the third successful exploration well drilled on the block by Shell in the last year, within a 100% success rate.

One exploration hand told Upstream last week that Jonker-1x “came in big” in the main Cretaceous-age target, following on from an earlier Upstream exclusive that a shallower oil pay was also intercepted in late January.


Namibian government official hints strongly at encouraging results from Shell probe
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Shell’s main objective was a Middle Cretaceous reservoir of Albian age — the same reservoir that was so successful at TotalEnergies’ Venus-1x discovery, just across the border in block 2913A — instead of the Upper Cretaceous discoveries made at Graff and La Rona.

Supporting the view is another seasoned explorer who understands that Shell looks to have hit oil in “multiple horizons”.

Victoria Sibeya, Namcor’s executive in charge of upstream exploration, said: “The encouraging results from the well are a geological testimony of the significant hydrocarbon potential in the deep-water play of the Orange basin.


Shell hits hydrocarbons in world’s hottest new hunting ground
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“We look forward to the appraisal activities and our collaborative relationship with our joint venture partners and our shareholder, the government of Namibia, to fully assess the commerciality of this discovery”.

Namcor managing director Immanuel Mulunga, expressed “delight”; in being able “to announce this third oil discovery after the success of the Graff-1x and Venus-1x discoveries by Shell and TotalEnergies in 2022”.

“This discovery has proven the exciting and world-class potential of the deep-water Orange basin,” he said.

Shell — headed by chief executive Wael Sawan — and QatarEnergy both have 45% stakes in Block 2913A and adjacent 2914B, with Namcor on 10%.

[riskyinvestor] 06/3/2023 09:25

SO THATS 3 DISCOVERIES IN PAST YEAR

THIS COMPANY SITTING AT MARKET CAP OF £3m COULD BE TAKENOVER

[thelung] 05/3/2023 14:59

Does that statement reflect any period of time, or just the last 30 days that you've been on ADVFN?

Probs best not to compare activity to that of a super major 🙄

[jameshendrix2023] 05/3/2023 11:14

So far shell have had 3 successful resultsThis company hasnt produced an ounce of good news

[supercity] 04/3/2023 19:14

Get ready for the booooom

[markingtime] 04/3/2023 08:49

https://www.upstreamonline.com/exclusive/shell-makes-big-oil-discovery-offshore-namibia-results-imminent/2-1-1413816

[southway2] 17/2/2023 19:29

Obviously now going to sub .3 Mid .2 s surely the bottom.Mcap will be very attractive at that point

[southway2] 09/2/2023 15:12

Ha ha very naive .

[4vik] 09/2/2023 14:33

Obviously you are very new to the stock market and you do not do any chart. Which is why you did not understand my question.

[southway2] 09/2/2023 11:43

I got mid .20s the same way I got .70s when it was in .90s , the same way I called sub .50s when all were calling it too cheap and .30s when all thought it was a bargain in .40s . If you've been watching AIM as long as I have you'd know what is coming next .

[4vik] 09/2/2023 11:37

Uncharted territory under 30-31p. How on earth you got mid 20s lol. Very bad thinking...But I can see an easy breakout from here soon to 42p first. ATB

[southway2] 09/2/2023 10:10

Boards are littered with hopes of take overs Rarely happen .Farm out possibly in months to come .When this gets to mid .20s it might be worth a bottom drawer gamble .

[4vik] 09/2/2023 06:36

Well, the picture has changed a lot here since Shell and Total in Nambia. GBP will soon be taken out by one of them I guess

[oliversydney] 07/2/2023 08:54

I have been waiting years for news and now no news or volume and below the pastor placing price of .35 and the directors still drawing salaries
The only time it moves up is On Twitter rumours then falls back

[southway2] 25/1/2023 16:08

The market is waiting for something concrete or expecting placing or license expiry.It just needs evidence not rumours

[markingtime] 25/1/2023 14:27

I think you'll find the technology of all sorts has come a long way in the last 45 years.......

[riskyinvestor] 25/1/2023 14:14

If I can remember over 45 wells were drilled in the North Sea before they found the big one


Correct me if am wrong

[riskyinvestor] 25/1/2023 13:25

How come the market has not picked up


5 wells to be drilled in Walvis -basin

Is that not where GBP holds acreage

[riskyinvestor] 25/1/2023 13:23

This is reminding me of the Falklands drilling

[southway2] 24/1/2023 16:13

I guess the twitter rumour buyers are finally learning that you won't get any real news anywhere but rns .Watch volume

[markingtime] 23/1/2023 21:54

https://www.upstreamonline.com/exclusive/orange-basin-shell-hits-hydrocarbons-in-worlds-hottest-new-hunting-ground/2-1-1392084