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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Global Pet. Share Chat (GBP)



Share Price: 1.325Bid: 1.20Ask: 1.45Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.25Spread as %: 20.83%Open: 1.325High: 1.325Low: 1.325Yesterday’s Close: 1.325


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Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
I have to agree there J!. Seapulse, Maersk Drilling (plus their agreement) and GBP fit like a glove! Simple and uncomplicated from drill to production.

However.. Following Exxon's recent 4 block acquisition they come a very close second imo. I am sure as I mentioned earlier that the list of prospects clustered together on GBP's and TRP's licences I believe are now on Exxons radar. They swallowed up the licence adjacent to us that has oil slicks seen on satelite. Just to the south of those slicks is our adjacent licence where we have repeating oil seeps along the faulted flanks of Gemsbok.. To the east we have evidence of migration combined with evidence of oil slicks which even ECO advertised in one of their earlier presentations..
 
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Seapulse are my favorites, having said they now have access to 88k km2 and Azinam's blocks only add up to 75490 add GBP's 11608 = 87.098k km2

Clearly there is additional acreage, we just have to wait and see who have made a deal with them
zebbo
Posts: 1,322
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Good work guys and thanks for posting your discussion. Very interesting

Most investors will be unaware of the potential, of what lies beneath..unless they are following this thread of course
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
I think it's safe to remove Woodside from a possible farm in as I'm sure we would have heard at the Summit. 2+2 = 3 :-)

However!! Exxon are now breathing down our necks with the new licence acquisitions.. could they? Will they? You know you want to! Please do!
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Game changing news with all sorts of possibilities for us. This is why the company are excited and why Azinam said the old model has been turned on it's head

The market will wake up to this fact eventually, so time is running out for those sitting on the fence, ahead of further news

Good post M, we can see even more of why the Peters have been clinging on to Namibia, hopefully their patience is about to pay off
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
On another note.. we haven't even mentioned the potential migration from our neighbours Oranto, who have the massive Ondjou structure with 2.5 billion barrel potential but again just like Pel 30 & 37 they only have stratigraphic traps which require a seal to the top and bottom and these are repeatedly failing in this region.
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
And close to Welwitschia is also close to Gemsbok..
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Looking at GBP's Geology tab, the second image shows the depths of some 'key wells'.

Missing are Welwitschia and Cormorant but we can get a good idea of what this new revelation is saying.

Cormorant drilled down to the early Cretaceous (basically the lower Cretaceous similar to Wingat) Welwitschia drilled to a depth of 2,454 metres, the Palaeocene, Maastrichtian and upper Campanian sections, therefore only half way through the Upper Cretaceous and did not even encounter a reservoir.

As was said..

"Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information."

Wingat and well 1915/15-1 are the only 2 showing to have drilled to the lower Cretaceous depths on the map but add the significant wet gas shows indicating significant oil generation at Cormorant to the map at the lower depths and quite a picture emerges across the region.

Wingat to the south bought oil to the surface and 1915/15-1 just north of our PEL 94 had oil shows. Both are in the Aptian/Albian Lower Cretaceous section.

Wells around us being 1911/10-1, 1911/15-1, 1911/10-1 did not drill down to the Aptian/Albian.

Every new piece of information points in our direction.

We also have just as described by Total at the Venus 1 well.. the last important piece left in the Namibian puzzle.. ROBUST TRAPS.

Radar - GBP - PIng Ping Ping!

GBP's Welwitschia, Gemsbok, Dik Dik, Lion, Chloje and TRP's Alpha and Gamma could easily be the next cluster just like Guyana..

**Remember**

Outcome of the Muronmbe drill..

The main risk attributed to the primary Murombe basin floor fan target was reservoir quality. Importantly, the confirmation of an Aptian marine source, also encountered in the earlier Wingat-1 well, bodes well for Tower’s Welwitschia prospect since the Aptian source would be mature and in close vicinity to the Welwitschia prospect.
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
This new model/concept is going to inject serious interest when the next drill bit starts to turn

A commercial discovery is on the horizon, which makes the current sp a short term situation imo
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
But at Cormorant they did.. it is one of those few hence why our read across, lateral migration pings the lights on our 94.

The Early Cretaceous age Cormorant Submarine Fan target was encountered close to the predicted depth but no accumulated hydrocarbons were found. The Fan contained approximately 50m thickness of interbedded sands and claystones that were water-wet.
Wet gas signatures, indicative of oil, were first encountered in the overlying shale section and persisted throughout the target interval, indicating that there has been significant hydrocarbon generation in the area. Important geological data has been gained from this well, providing valuable insights into the prospectivity of the Aptian-Cenomanian turbidite fans that are still valid exploration plays with very large oil resource potential in Pancontinental’s acreage both in PEL 37 and, further south, in PEL 87 (Pancontinental 75%).

As rightly you say, for Welch it's a different story! They didn't drill through..
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
The previous model showed the Aptian as the source, but the Upper Aptian shale acts as a seal. So being close to it is not good enough they have to drill through it

From the link "there is now also clear evidence that many of the historic wells were drilled above the Upper Aptian Shale, which appears to be over pressured and could be acting as a seal"

"Equally interesting is the fact that the few wells drilled below the seal in the right parts of these and the Orange Basin to the south all found hydrocarbons where the wells encountered any reservoir
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Osprey I mean..
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
But the source is not the reservoir to catch it..?? It is where it is generated.. hence they have mild hope for Albatross etc because the reservoir is closer to the source..
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
AEC said otherwise, "The Cormorant-1 well is located in 545 meters of water and will be drilled by the Ocean Rig Poseidon drillship to a total depth of 3,830 meters subsea. The well will test the oil potential in a mid-Cretaceous aged deep marine fan sandstone system."

If you look at slide 19, the drill bit did not go through the Aptian source rock.

https://www.africaenergycorp.com/site/assets/files/121953/2019-05-03-cp_aec.pdf

This is the latest AEC presentation which if they radically changed the model would show how in competent their supposed experts were lol so they have just left it as is
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Gentle reminder.. the Cormorant did test the Aptian/Albian..

Eco and its partners have identified the “Osprey” prospect on the Cooper Block, an 882 Million-barrel Aptian/Albian target within a sand filled channel and fan system in the Cretaceous sequence. The prospect is estimated to contain as much as 882 million barrels of oil equivalent (Gross Prospective – Best).
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Agreed, the Majors are not here for fun, this concept has changed everything. If all the previous wells just drilled deeper they would be in the money

Seapulse and Azinam, are due to drill two wells and 99% sure one will be in PEL30 next door to us. If cos has significantly increased, it would make sense for them to have made a deal with GBP ahead of the pack

Seapulse have certainly added acreage to the Azinam portfolio, fingers crossed it is PEL29&94
Investoroilgas
Posts: 273
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
When the majors start arriving in a prospective region, it's time to take note. ExxonMobil have done their research & will now invest millions of dollars to find oil.....the news regarding offshore Namibia just gets better and better imo.

GLA
Marmited
Posts: 1,190
Premium Chat Member
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
25 May '19
Wow! Brilliant brilliant brilliant!!
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
RE: Aptian Shale
24 May '19
"New wells that will test this concept will almost certainly result."
Jimarillo
Posts: 1,668
Opinion:No Opinion
Price:1.55
Aptian Shale
24 May '19
It appears everyone have been drilling above the Aptian Shale and should have drilled through it. Which is what they said with the Welwitschia well, they did not reach the deeper targets

"In Namibia, it’s interesting that ExxonMobil has taken a large new acreage position in the Namibe Basin in Northern Namibia where north of the Walvis Ridge there is some salt. In the Walvis basin and essentially totally undrilled Luderitz Basin though, there is now also clear evidence that many of the historic wells were drilled above the Upper Aptian Shale, which appears to be over pressured and could be acting as a seal. Equally interesting is the fact that the few wells drilled below the seal in the right parts of these and the Orange Basin to the south all found hydrocarbons where the wells encountered any reservoir. New wells that will test this concept will almost certainly result."

https://www.frontierenergy.network/ceos-picks/2019/5/22/mike-lakin-managing-director-envoi-limited-at-the-africa-eampp-summit-london




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