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Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018


Global Pet. Share Chat (GBP)



Share Price: 2.05Bid: 2.00Ask: 2.10Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.10Spread as %: 5.00%Open: 2.05High: 2.05Low: 2.05Yesterday’s Close: 2.05


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Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.05
Drillship en-route Namibia
Wed 13:54
The Ocean Rig Poseidon drillship, which recently completed a Statoil drilling contract in Tanzania, is en-route to Namibia, where it will remain £ready to
drill.£

https://www.offshoreenergytoday.com/?p=267984

Wonder if this Drillship is for Char ? If so could be drilling ahead of the Tullow well
 
dougal66
Posts: 20,336
Off Topic
Opinion:No Opinion
Price:2.07
RE: The hunt is on
Mon 18:48
Jim
The CPR is good, the prize is there and oil is on a bull run. Big hitters Stellar hired.
Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.07
RE: The hunt is on
Mon 18:16
With all the positive data they now have, oil seeps are the icing on the cake for me ;-)

We should have news during March imo

Stellar say 8 to 10 weeks for a first offer
dougal66
Posts: 20,336
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Opinion:No Opinion
Price:2.07
RE: The hunt is on
Mon 16:16
And this is what they had to say in 24 Nov 2017

<Interpretation of the newly acquired 2D data was completed in October 2017.

The new information from the 2D seismic has significantly improved the prospectivity across the Licence in general and the Gemsbok prospect in particular. Better imaging from the 2D data reveals that the known source rock intervals are likely to be within the oil generative window and this, combined with data showing repeating oil seeps along the faulted flanks of Gemsbok, has greatly improved the chance of a major oil discovery. Gemsbok remains the Company's primary exploration target.>
dougal66
Posts: 20,336
Off Topic
Opinion:No Opinion
Price:2.12
RE: The hunt is on
Mon 10:14
Based on the CPR, it looks as if we may have found it.

<The trap is considered as relatively low risk as the structure can be seen on several lines and large closure can be mapped. The only concern is that because only 2D seismic date is currently available, the mapping may have not captured the full complexity of the structure so it may not consist of a single large structure. This is not considered a serious issue as the structure is certainly present.

The 2D seismic coverage is generally good particularly over the Gemsbok and Lion prospects

Recommends 3D over the primary prospect assisting future exploration wells
Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.12
Stellar 8-10 weeks
Mon 10:12
The timetable for each project is bespoke, designed to meet the Client£s needs. The period from the
initial meeting to making a first offer is around 8 £10 weeks.

http://www.stellarlimited.com/Stellar%20Acquisition_Feb_15.pdf
Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.12
The hunt is on
Mon 09:47
Spectrum discuss the hunt for a proof of trap (an up-dip bypass zone for the deposition of sediment or fault bounded) & the prize at the end, Namibian oil. (April 19, 2017)

http://www.spectrumgeo.com/geological-resources/technical-paper-library/offshore-namibian-oil

"The presence of mature oil generative source rock below thick clean quartz rich sands is proven in the basin. All that this basin requires is the proof of a trap £ an up-dip bypass zone for the deposition of sediment or fault bounded. The hunt for this last risk element is on and the prize will be spectacular."
Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.12
RE: if farm out
18 Feb '18
Agreed D, that's what sets us apart from the rest and could be the discovery that puts Namibia on the map

Repsol is the stand out Farmee in my book, having blocks back to back with ourselves

Of course this could up the anti, if others see the potential and a bidding war starts
dougal66
Posts: 20,336
Off Topic
Opinion:No Opinion
Price:2.12
RE: if farm out
18 Feb '18
Repsol
Had another read of the CPR RNS and the CPR itself. I would be gobsmacked if Repsol are not interested in carrying out a 3D on what looks like 3 dip-closed structural traps stratigraphic in nature

<Gemsbok, Lion and Dik-Dik are identified as dip-closed structural traps, which the Company regards as particularly compelling since previous large prospects identified by other Namibian operators have mainly been stratigraphic in nature.>
Jimarillo
Posts: 184
Off Topic
Opinion:No Opinion
Price:2.12
Appex Global 2018
16 Feb '18
Up coming conference 27th Feb-1st March Appex Global 2018

Prospect Forum Tuesday 27 February (11:40)
Duncan Wallace, Chariot Oil and Gas
"Drilling a Key Structural Test of an Emerging Play, Walvis Basin, Namibia"

Day3 Thursday 1st March
10:22 - 10:33 IP: Partnering with NAMCOR to unlock the potential offshore NAMIBIA Martin Negonga, Namcor

https://www.eiseverywhere.com/ehome/282980/Conferenceprogramme/




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