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Global Pet. Share Chat (GBP)



Share Price: 1.425Bid: 1.25Ask: 1.60Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.35Spread as %: 28.00%Open: 1.425High: 1.425Low: 1.425Yesterday’s Close: 1.425


Share Discussion for Global Pet.


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Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Today 15:33
Another Gil interview, bit about Namibia towards the end

https://bit.ly/2HIzz0b
 
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 23:46
Yeah I remember the PCL link and the direction of travel and similar goings on in Oranto's blocks and WE have the traps

Oranto's blocks also said to hold billions of barrel resources

It has been very quiet from Namibia so far, but lots of news due anytime as we move towards this years drilling season

Looking forward to an update on PEL94 and potentially the PH presentation on the company website
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 22:25
Anyway, what did you think of my earlier post? I'll paste it..

On another note, I looked back at something I posted last summer regarding our neighbouring block held by Oranto. The info that is of interest is the following..

"Exxon enters: Is this a defining moment for Pancontinental?" (Subsequent PEL 37 &30 migration distance issue etc..)

https://www.google.co.uk/amp/s/finfeed.com/small-caps/energy/exxon-enters-defining-moment-pancontinental/amp/

We can see the channel heading NW into the South East of PEL 94.

Now read this old Oranto article...

"Additional prospectivity is related to the large, long-standing channel system which cuts through the area lying to the North of Ondjou-A, orientated North-East to South-West."

Sounds like its the same channel cutting around and passing south of Welch, Gems and Chloje??

https://www.energy-pedia.com/news/namibia/new-154464
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 22:02
That's true, we don't know but as you say, all we need is one strike of the black gold anywhere offshore Namibia and a frenzy should start. They are getting closer and closer :-)
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 20:31
The eventual funding from the farm out deal from a discovery will reward Seapulse who in return reward Maersk

Seapulse bring with them a potential farmee by way of Enquest in order to turn a deal round quickly

We don't even know if they are going to participate with GBP, but it is possible and maybe with a different formula

What we do know is they are going to drill in Namibia and that will certainly be a boost to us

Todays sp will be quite different in the coming months, in a positive direction, just from the up coming activity, let alone a deal
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 19:57
Well, what I mean is both seapulse and Maersk are taking the financial risk within their deal and will want the automatic reward for it.
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 19:20
Mmm? I still don't see it that way.. :-)

farm out costs will be zero to seapulse because they are taking an investment approach. They will share in the rewards of success as part of the deal.

It's nil cost to seapulse because of the agreed 12 well deal with Maersk. Maersk are stumping up the drilling costs so in return they will get x amount of any success, seapulse get x amount and also the licence holders will get x amount too.

"We look forward to collaborating with stakeholders who will share in both the risks and rewards from our collaborative drilling programme.”

https://www.businesswire.com/news/home/20181205005320/en/Seapulse-Maersk-Drilling-Announce-Alliance-Execute-Global

Maersk will not stump up further cash to farm, they will want the reward for risk taken.
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 18:00
Alternative example was.........

Seapulse drill at "NIL COST" two wells for GBP

In the event of a discovery a farm out deal can then be negotiated, with Seapulse/ Enquest or any other potential suitor

The 25% could have been use by GBP to raise funds, for working capital via placing but after the news of a two well campaign, which would vastly increase the sp and provide greater capital than at the current sp
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 17:53
If you look at page 10 on the Seapulse presentation, it shows "Farm ins to drill ready prospects" at Nil cost

http://event.congresso.no/uploads/account/e/18/60e/e1860efbde903409e91c69f7a8f9e577.pdf

Forget Seapulse taking 25%, that was my initial post and have posted since with an alternative example
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 17:25
I understood you J, I just disagree but that's ok.. the planned drills are clearly earmarked already behind the scenes. Deals are probably all but signed on the dotted lines. If we are involved, I don't think seapulse would wait until the shareprice is higher to say, ok, we can now seal the deal and pay a lot more than we needed too, they will buy as low and down where we are to reduce the cost and maximise profit. It'll be a two way deal to suit all. That's how I see it if I were seapulse.
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 16:55
Don't think you quite got my post

I referred the to a placing after an announcement of a two well campaign and being done at a much higher price that the current sp

A farm out could then be made on the back of a potential discovey
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 09:43
So, back of fag pack calculations, for a £750k investment into GBP, they can get access to drill into billions of barrels of potential without a farm in cost? That's how I see it if that were to play out here.. Good business for Seapulse, good business for us.
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 09:21
Mmm? I don't read it like that. Buying into a company I.e 25% wouldn't be a farm in cost? It would be an investment?
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 08:57
The second post regarding the 25% relates to a placing done after an announcement of a 2 well campaign and points to the Seapulse presentation page 10 where they have no cost for a farm in, in order to drill the wells.

Then if anything is found they or/and Enquest etc farm in

Looks perfect to get the wells drilled
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 08:25
With that outcome the 25% buy in would already be a done deal but who cares if that is at a price down here? 50m shares for 2 drills, say Gems and Welc?? I'd snap there hand off!

On another note, I looked back at something I posted last summer regarding our neighbouring block held by Oranto. The info that is of interest is the following..

"Exxon enters: Is this a defining moment for Pancontinental?" (Subsequent PEL 37 &30 migration distance issue etc..)

https://www.google.co.uk/amp/s/finfeed.com/small-caps/energy/exxon-enters-defining-moment-pancontinental/amp/

We can see the channel heading NW into the South East of PEL 94.

Now read this old Oranto article...

"Additional prospectivity is related to the large, long-standing channel system which cuts through the area lying to the North of Ondjou-A, orientated North-East to South-West."

Sounds like its the same channel cutting around and passing south of Welch, Gems and Chloje??

https://www.energy-pedia.com/news/namibia/new-154464
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sun 03:45
Page 10 on the Seapulse presentation, shows costs to Farm-ins to drill ready prospects ...nil

This shows to me how much easiler it would be to get a prospect drilled at preferred rates by a company like Seapulse

If there is a discovery, then they talk money and farm out arrangements. This does look like a scenario more suited to a micro cap like GBP

Just imagine where the sp would be if we announced a two well drilling program, that would be a great time to raise funding, with the 25% available short term

http://event.congresso.no/uploads/account/e/18/60e/e1860efbde903409e91c69f7a8f9e577.pdf
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sat 17:54
Oooo! Well I like the sound of that!
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Sat 16:19
Maersk are going through a demerger and will have their first day of trading on NASDAQ Copenhagen 4th April 2019

Regarding the operatorship, if Seapulse were offering large positions in discoveries. It is possible they could take the 25% interest in GBP and that leaves 85% with GBP to farm out, either before or after a discovery

GBP would be the operator with the 85% interest and Maersk provide the drill management....simples ;-)
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sat 10:14
Maersk Oil and Maersk Drilling are separate companies. In 2018, Total acquired Maersk Oil for $7.45 billion..
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Sat 09:51
Hopefully their website will be up and running very very soon then? I'm a little confused with seapulse to be honest? On one hand they say they have a 12 drill program with Maersk who will get first dibs on any discovery, but looking at the presentation, the three drills in Africa and one in Latin America state Seapulse are not the operator? Page 7, yellow boxes. I'm wondering if seapulse are going to farm into Total's Venus-1 well but that doesnt make sense regarding Maersk?

http://event.congresso.no/uploads/account/e/18/60e/e1860efbde903409e91c69f7a8f9e577.pdf
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Fri 20:45
Seapulse,

Our CEO Scott Aitken, presenting at Maersk Drilling's conference in Stavanger, discussing our exciting alliance and future plans.

This was posted on Linkedin 10hrs ago

Quite useful place to pick up bits an pieces, thats where PH responded to one of my questions ;-)
Marmited
Posts: 792
Premium Chat Member
Opinion:No Opinion
Price:1.425
RE: GBP
Fri 19:13
Great job J getting them to agree to put perhaps in part that presentation on the website. I get what is being said ref Namcor, after all, buying info on PEL 30, outcome of PEL 37 and additional info on PEL 94 for example could make and save a company many many millions ;-) imo of course!
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Fri 17:12
Namcor have data that has value and actively sell to investors and operators

Being the National oil company and 10% interested party in PEL94, 29 they may not be keen to release the presentation on the whole or even part. I remember the previous presentation was said to be very technical, so I believe very valuable to operators and the like

See what turns up next week
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.425
RE: GBP
Fri 16:18
Awaiting the MME to sign off the presentation in order to upload to the company website

How about that ?
Jimarillo
Posts: 1,393
Opinion:No Opinion
Price:1.45
RE: GBP
Thu 19:00
Nice one M, I thought you would like the updates, we are beginning to see why they are getting excited about PEL94/2011A

"really looking forward to discovering what those prospects are"

Indeed, the company will soon announce their results to reinterpreting the current data for 94 and data from resent wells including the Bullfrog well in S/Africa. I think the results will be huge

Certainly they are very much on the case imo ;-))




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