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Global Pet. Share Chat (GBP)



Share Price: 2.125Bid: 2.00Ask: 2.25Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.25Spread as %: 12.50%Open: 2.125High: 2.125Low: 2.125Yesterday’s Close: 2.125


Share Discussion for Global Pet. (GBP)


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licker
Posts: 1,484
Observation
Opinion:No Opinion
Price:7.13
View Thread (3)
RE: TRP need cash
20 Mar '14
yes it will be farm out the process still ongoing. Cant understand though how its less risky. If TRP hit then Im sure there will be some blip here but there is no logical link or reason why oil in TRP block due to its geo will mean oil in GMP. There are no seismics or nothing yet TRP know they are the money shot. Look at the ration of failed drills in the North sea next to successful blocks to see what I mean. You just cant correlate these two COS at this stage
 
MTSparky
Posts: 4,538
Off Topic
Opinion:Strong Buy
Price:7.13
View Thread (3)
TRP need cash
20 Mar '14
Doesn't TRP need to come up with the cash before they make any gains from this drill ?

No farm out yet. GBP is by far the least risky exposure to this drill.
licker
Posts: 1,484
Observation
Opinion:No Opinion
Price:7.13
View Thread (3)
RE: value
20 Mar '14
not sure it will. If il migrated to the TRP 4 way dip that has no bearing on adjacent geology. It could for example be sloping away. We have no idea what thier geology is like on the block so it could be worth nothing of could be OK. Seimics will tell us. On the scale of these blocks the oil is only in relatively small pockets. Look at the dry wells already drilled around TRPs drill. The fact that its adjacent doesnt mean much
wraith
Posts: 3,931
Observation
Opinion:No Opinion
Price:7.13
View Thread (3)
RE: value
20 Mar '14
Value of acreage will become apparent with drill results in my view, as indicated by this extract;...." The well to be drilled by Repsol and partners in the adjacent block during late 2013 or early 2014 will provide valuable information on the potential of one of these stratigraphic fairways."

Source: http://www.globalpetroleum.com.au/operations/namibia

BW
licker
Posts: 1,484
Observation
Opinion:No Opinion
Price:7.13
View Thread (3)
value
20 Mar '14
Not sure this will go much higher yet. Its cheap and for a reason. No siesmic plan, no drill plan an no idea yet what the prospect looks like in tewrms of szie, cos etc etc. Hope this will build but right now its a distant dream but a nice dream. Ill keep in TRP for now as they are right on the money shot but will come here once there is a man with a plan and build as they find out if thier acreage is any good
spacedog
Posts: 1,673
Off Topic
Opinion:No Opinion
Price:7.13
Well done all....
20 Mar '14
Who held there nerves on the fall back.
Weissy
Posts: 2,656
Off Topic
Opinion:No Opinion
Price:7.13
Volume
20 Mar '14
Actually ended up at 4.3m so last time it was above that was May 2012.
MTSparky
Posts: 4,538
Observation
Opinion:Strong Buy
Price:7.13
Up 50% tomorrow ?!?!
20 Mar '14
judging by the late flurry of buys can't wait !!
wraith
Posts: 3,931
Off Topic
Opinion:No Opinion
Price:7.13
View Thread (3)
RE: Just bought in
20 Mar '14
Welcome aboard , been a great day here to join us all.

BW
MTSparky
Posts: 4,538
Observation
Opinion:Strong Buy
Price:7.13
Farm out
20 Mar '14
...what if we get some farm out news from BoD's???

50p/sh deffo.





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