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Global Pet. Share Chat (GBP)



Share Price: 2.75Bid: 2.50Ask: 3.00Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.50Spread as %: 20.00%Open: 2.75High: 2.75Low: 2.75Yesterday’s Close: 2.75


Share Discussion for Global Pet. (GBP)


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Weissy
Posts: 2,643
Off Topic
Opinion:No Opinion
Price:7.13
View Thread (4)
RE: Can't buy without NT
20 Mar '14
MT, It's extremely dfficult to judge for me, mainly due to the management not pulling their fingers out and getting a farm out partner to do the 3D's. All i know is that when you look around at peers and compare cash, assets and nearology this has to be valued at considerably more than it is. Like you say at least 25-30m for starters. On a TRP / Repsol strike 100m wouldn't be too far off the mark.
 
MTSparky
Posts: 4,391
Question
Opinion:Strong Buy
Price:7.00
View Thread (4)
RE: Can't buy without NT
20 Mar '14
Weissy what do reckon our Namibia assets are worth?
Weissy
Posts: 2,643
Off Topic
Opinion:No Opinion
Price:7.00
View Thread (4)
RE: Can't buy without NT
20 Mar '14
Up 18% again
MTSparky
Posts: 4,391
Observation
Opinion:Strong Buy
Price:7.00
View Thread (4)
Can't buy without NT
20 Mar '14
...was 7.15p to buy 25k
bonker99
Posts: 14,039
Off Topic
Opinion:No Opinion
Price:7.00
Plenty
20 Mar '14
more to come here imo ...
sharky007
Posts: 883
Off Topic
Opinion:No Opinion
Price:7.00
buyers coming in
20 Mar '14
7.10 buy should be an interesting few days day ahead with the repsol drill looming. seen GBP move very quick in the past, buy signals are there. Good time to take a position. GLA holders
nice1
Posts: 519
Off Topic
Opinion:No Opinion
Price:7.00
Simple 4 way dip.
20 Mar '14
I had this on the TRP board, and hoping when GBP start and finish there 3D seismic, there will be another simple 4 way dip.

Exploration in Abu Dhabi started in 1950 with the drilling of the Ras Sadr well, which was a failure. With the discovery of the Bab field in 1954, the province has seen one of the most successful and efficient exploration programmes in the world.
Approximately 275 bnboe of in place hydrocarbons have been discovered to date, from 190 exploration wells. About 180 bnboe in-place is in 5 super giant fields (Bab, Bu Hasa, Asab, Zakum and Umm Shaif). The success rate has been about 1:2 throughout the period 1950-2000.
An examination of the cumulative discovered volumes curve ("creaming curve"), shows that history of exploration has been in three distinct phases; namely
1950-1970, super giant discoveries
1970-1990, giant discoveries
1990-2000, small pools era
There were two major peaks of Exploration drilling activity, in 1970 and 1983.
The clear message from the above mentioned facts is that the province is mature, if one ignores the possibility of opening up some new fairways or play ideas. The overwhelming majority of the discoveries made to date in Abu Dhabi are in simple 4-way dip structural closures. Exploration to date has focused on locating more of these features and quite naturally the number of possibilities is being rapidly exhausted.
By any standards exploration in Abu Dhabi has been a world class success, with about 275 bnboe discovered from ~190 exploration wells, at a technical success rate of ~1:2. After the initial phases of super giant and giant discoveries, the annual rate of reserve addition from exploration has declined to about ~500 mmboe in the last decade. As is natural for all basins, the size of discoveries declines over time. During the last decade 1240 mmboe were discovered in Abu Dhabi in 10 pools, of which 350 mmboe are in the ADCO concessio
sharky007
Posts: 883
Off Topic
Opinion:No Opinion
Price:7.00
Just
20 Mar '14
Came in over from TRP Morgan Stanley are selling. I like the low 200m shares here. Uncertainty with placing over at TRP, will move back once that's sorted but I see this breaking 10p very quickly, previously watched it go to near 20p but I missed the boat. I'm sure other TRP'ers will be here very shortly. GLA :)
Weissy
Posts: 2,643
Off Topic
Opinion:No Opinion
Price:7.00
Volume
20 Mar '14
Very high indeed. over 2.5m. Another 500k and we'll be over the 52 week high.
MTSparky
Posts: 4,391
Observation
Opinion:Strong Buy
Price:7.00
Distinct lack of selling..;o))
20 Mar '14
nm



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