..coming through at 6.62p After HRT results I am really socked GBP sp hasn't taken off, also TRP. Market needs to wake up!!!
Likewise. There is talk on iii from Robinrich etc of GBP being a fairly illiquid stock. With a low share count of 200m, and high stakes held by the directors, shares will be hard to come by (expensive!) if and when they start exposing their prospects properly. Get them whilst they are cheap Ooleum
is supercharged with hydrocarbons. Find the reservoir and huge oil payloads will come. IMO Namibia will be prolific oil finds as soon as they identify where those reservoirs are and how to locate them. This will take time but GBP sandstone reservoirs could be huge oil finds...;o))) happy to hold, accumulate and wait!!..;o))))
Finding the reservoir
HRT said they have found the hard part...they just need to find the easy part; the reservoir. I lead you to GBPs RNS 14th Jan: "...wells drilled [within the license] during the 1990s had a gross reservoir thickness of some two hundred metres" 200m of oil source rock and 200m of potential reservoir; GBP quite possibly have a golden ticket. It will be interesting to see who takes an interest in their acerage
confirmed by HRT are 200m thick by the way and exist throughout Walvis Basin! Same source rocks will feed Murombe well which HRT spud in a couple of weeks! Whoever finds a reservoir with good porosity will discover a mother of a payload. GBP seismic cross section looks very good to me, lots of source rocks and sandstone reservoirs Farm out or take over should come no problem IMO. Reduced risk now.
it does mystify me. HRT have proved the source rocks are there under Walvis Basin, they now need to find reservoirs. Namibia Walvis Basin has been significantly de-risked. TRP and GBP are looking very good for a payload discovery.
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