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Ariana forecast 47% rise in Kiziltepe gold production


Global Pet. Share Chat (GBP)



Share Price: 1.90Bid: 1.80Ask: 2.00Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.20Spread as %: 11.11%Open: 1.90High: 1.90Low: 1.90Yesterday’s Close: 1.90


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Jimarillo
Posts: 259
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Price:1.90
Edison note
Sat 11:35
As I said in a previous post focus will be heading to Namibia

Here is the latest Edison note, looking at 2018 exploration wells to watch

Exploration watch
2018 exploration wells

https://www.baystreet.ca/articles/research_reports/edison/ExplorationWatch042018.pdf

GBP can't be ignored for much longer by PI's, as am sure GBP won't be being ignored by farmee's
 
Jimarillo
Posts: 259
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Price:1.90
RE: Quaterly report
Fri 14:32
Quite right leg, if there is no interest they could dish the cash out and call it a day

However with the current PoO , the potential in the CPR and the current activity in Namibia, I am sure Gemsbok will not be ignored and a deal will be done

The 269k sell today was bought on the 13th @ 1.85p. Maybe they hadn't paid for them ;-)
legache
Posts: 498
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Opinion:No Opinion
Price:1.90
RE: Quaterly report
Fri 11:54
Yes, some indication of how the process is going would be welcome. If not interest, let hope they wind the company up and give us the cash. Either way win win.
Jimarillo
Posts: 259
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Price:1.90
Quaterly report
Thu 13:15
Quarterly report due end of next week

If no news before then, hopefully we will get an update as to how the farm out process is going
Jimarillo
Posts: 259
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Opinion:No Opinion
Price:1.90
Char
Wed 08:47
Char still focused on their Moroccan well, soon be completed, maybe next week

Then their focus will be on Namibia, I still wonder if there is a deal to be had with them

The out come of the above well will certainly have a bearing on what ever they are doing
legache
Posts: 498
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Price:1.90
2p paid today
Tue 19:15
Lets hope that it's back to at least 3p before news.
Jimarillo
Posts: 259
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Opinion:No Opinion
Price:1.90
5 farm out deals since July 2017
Mon 21:35
Between July 2017 and January there have been 5 farm outs announced offshore Namibia:

July 2017: ONGC with Tullow

September 2017: AEC with PCL

October 2017: Total with Impact

November 2017: ONGC with Tullow

January 2018: ExxonMobil with Galp Energia
Jimarillo
Posts: 259
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Opinion:No Opinion
Price:1.90
Another farm out example
Mon 21:20
"The survey undertaken by Serica, which cost approximately US$50 million including back costs fully funded by BP"

After a portfolio review, probably due to the Deepwater Horizon disaster BP pulled out, giving back their percentage share to Serica

Looks like the volumes are less than Global's 3.66 billion bbls prospects

https://www.offshoreenergytoday.com/bp-returns-its-luderitz-basin-interest-to-serica-namibia/

$50mln (£35mln) would be about 17p here
ART123
Posts: 4,590
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Price:1.90
View Thread (3)
RE: Read across
Mon 12:53
This has got to be the time for Global to get this sorted out right now. Recent farm in companies in the area include
Exxon, Shell, Galp, Tullow, Repsol, Total, ONGC Videsh. Any one of them will do fine.

The management here have been bone idle ever since they sold their acreage in the Eagle Ford. It's about time they did some work and earned their salaries - though in reality the only work they really need to do is to get a bigger company to do the work for them.

ATB
ART123
Posts: 4,590
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Opinion:No Opinion
Price:1.875
GBP:-
Mon 12:37
RNS dated 19th January 2018;

"Namibian Interests - Farm-out Process and Appointment of Advisors

Global Petroleum Limited (AIM: GBP, ASX: GBP) is pleased to announce that, following its recent notification of the publication of the Competent Person's Report ("CPR") by AGR TRACS on its Namibian Blocks 1910B and 2010A (Licence PEL0029 - "the Licence"), the Company will shortly commence a structured farmout process, with the intention of future work on the block being financed by a farminee. Global holds an 85% working interest in the Licence, and is Operator.

Global is also pleased to announce that it has appointed Stellar Energy Advisors ('Stellar') to advise the Company in relation to the farmout. A brief overview of Stellar is provided below.

Global's CEO, Peter Hill, commented: "Following the publication of the CPR, which has confirmed the high level of prospectivity on our Blocks, we feel that the time is now right to commence a structured farmout process. We have noted the improving investment climate for upstream E&P generally, and in particular the recent entry of major IOCs and NOCs into Namibian exploration. We also regard Stellar as the advisor best placed to assist us in the farmout, given their extensive technical knowledge of Namibian E&P and their recent successes in advising on farmouts in the country"."

I think that if anyone can get some action here it must be Stellar Energy Advisors:

"Stellar Energy Advisors is a specialised, independent advisor providing acquisition and divestment services to upstream companies in the international oil and gas business. Since its establishment in 1999, Stellar has built strong relationships with companies in the Acquisition and Divestiture (A&D) market and has completed over 80 successful mandates. Recently Stellar acted as advisor to Tullow Oil in their successful farmouts of Namibian Licenses PEL 30 and PEL 37 to ONGC Videsh. Stellar's highly regarded team of professionals are based in Mayfair, central London where data rooms will be held for the Global farmout process."

It'll be truly great news if they can get a farm out to include 3d seismic and at least one drill on the Gemsbok prospect.




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