Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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better to farm out while its cheap imo. that drill hits we farmout this should be over 100 mill mcap imo
Jackie I'm all for this being true but how do you know. Thsi has been the most spouted line so far this month
Derampers = they want to buy
Huge interest to pick up
Presentation in Dubai next week with potential big names interested
TR1 coming
They are out
put 2.5k in myself
Looking like will not take much to move this as at present market makers bidding for quantity of shares and approx two million shares on offer at .51 then after that goes to .065 so something going on in the background so picked up half a million just now
Already Imperial Brand, based in Sharjah took 3.8% of GBP.
I see more investment coming in from UAE.
look at #EML rns, stretegic investment. so why is GBP stretegic investment is sounding fantasy?
just watch the spacd
Already Imperial Brand, based in Sharjah too 3.8% of GBP.
I see more investment coming in from UAE.
look at #EML rns, stretegic investment. so why is GBP stretegic investment is sounding fantasy?
just watch the spacd
Evidence??
"Global Petroleum Limited (AIM: GBP) announces that it has appointed an advisor, PVE Consultants, to assist in the farmout of its Licence PEL 0094, offshore Namibia."
Can they do better than Stellar ?
ETX Monecor has no stock to sell
Awesome
Watch this go now
Actually made me LOL.
What’s grinds your gears about this share?
I think most investors are invested understanding that there are risks that this might not pan out as it all weighs on Shell and Totals drill. But considering we’re rock bottom right now, it’s bargain basement should they pull it off. The reward is outweighing the risk.
Total drilling is a positive
Timing is everything
Geo, I’m going to come out and say what probably most people are thinking.
What’s your issue with this company?
I’ve been here a few months but don’t think I’ve read anything you’ve wrote about GBP being positive or optimistic.
Herd will follow
Small market cap
No seller to halt us anymore
Why would Dubai investors if they exist not just buy 100 pct of the block next door ( the one Nam took back from GBP) which also has billions of alleged bbls? It’s all fairy stories until someone actually drills and finds.
Oil moving towards $100
0.50p everything will taken today
Next week we have the presentation in Dubai with many interested parties
Who can it be Shell, Total or Qatar Petroleum
The key here is 2.9 billion Barrels of oil.
just 20% is around $46 billion @ $80 per barrel.
Mcap £4M only!!!
I really think some Middle East Shiekh would buy a huge stake in GBP.
my theory is plausible and practical and would make lots of investors multi millionaire.
I won't be suprise to see investors from Dubai or other Emirates in the UAE looking at Global Petroleum GBP and taking a huge stake next week.
why wait for the results from two major oil companies to report, when 3D seismic data has 2.9 billion barrels of oil.
yep around 20 billion dollars barrels of oil around the GBP license is up for grabs.
Having said that I do see your point. They will probably only request an extension to the lease mid next year (they applied for an extension previously and were granted it in the announcement on 10th August 2021, cutting it fine). Therefore, I completely agree, no farm out partner will take the risk until this extension is granted for September 2023, this may only happen in August 2022. They may try and bring it forward but we would only be guessing.
I don't think it's irrelevant...
They will apply for an extension to September 2023. This gives plenty of time to acquire the 3D seismic via a farm-out, does it not? Please correct me if I'm wrong
Maybe but hardly relevant as needs to be done before it’s farmed out. Two options for this and TRP IMO. Sell on tick up when Total is mobilised and excitement mounts, or, if one has the b**ls, keep invested and fingers crossed, and hope for a Total success. It would be brave.
Taken from RNS on 10th August:
Under the terms of the Petroleum Agreement for PEL0094 signed in September 2018, the 4 year Initial Exploration Period ("IEP") was split into 2 sub-periods of 2 years each, with the first sub-period ending in September 2020, subsequently extended to September 2021 with a reduced work programme (see Global's announcement of 29 July 2020).
Global further expects to apply for a 1 year extension to the 4 year IEP at the appropriate time - such extensions are commonly granted by the Ministry, for example in the case of the Company's previous Licence PEL0029.
The work commitment for the upcoming phase of the licence is to acquire and process 2,000 square kilometres of 3D seismic data, a commitment which Global expects to fulfil via a farm-out. This new 3D seismic data would increase the chance of success of the Marula prospect and confirm the prospective resources in the eastern part of the licence, which were announced on 26 January 2021.
Interesting post. Is there an option to increase the lease duration?
This is all too little too late
Nones going to farm into a 3D commitment 6-9 months before the block is taken back
Might blip up a bit if and when this Total well is mobilised but it’ll crater if it’s a dry hole. Hopefully for Nam it’s a success but either way results are too late for GBPzz.