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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Global Pet. Share Chat (GBP)



Share Price: 1.325Bid: 1.20Ask: 1.45Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.25Spread as %: 20.83%Open: 1.325High: 1.325Low: 1.325Yesterday’s Close: 1.325


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Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Today 11:08
TRP still waiting on funding, JA dipped into his pocket yet again for working capital leading up to funding
Thats another two 2 million shares bought, looks like someone is confident of the funding

Last night GBP on the ASX there was a buy order on the bid for 2 x 1m shares, be interesting if they show again tonight
 
Hargreaves Lansdown
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: Namibia Drill Dates
Mon 21:49
Thats what we are waiting for Zebbo

News from Azinam imminently and normally the drilling season starts September

"Daniel Mckeown from one of our clients Azinam – spoke about their dual desire of giving energy security to the world while giving back to local communities and hinted at some imminent announcements of new well plans."

http://progressive-tsl.com/news/blogs-and-press-releases/2019/notes-on-the-africa-ep-summit/
zebbo
Posts: 1,322
Opinion:No Opinion
Price:1.325
Namibia Drill Dates
Mon 20:53
Anyone know when the first drill bit will turn.

I haven't seen any firm dates published yet
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 10:52
Also, Exxon and Namcor did not want to go public on how much Exxon paid for the new blocks, but has been said to be several millions of dollars

Don't forget BP paid Serica $50m for a 30% stake in PEL47
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 10:45
I always thought their first toe dip into Namibia would be followed up by further adding

They have been super fast shooting 3D all over the place, even across other blocks. They obviously like what they see and their tech is highly advanced as said by Gil from Eco

Azinam said that Majors are loading up on acreage, so it would not be a surprise if GBP and TRP are in the firing line. The blocks are straddling the fairways that Exxon are invloved in. If Exxon don't do a deal, someone else will

If they did a deal would it be a farm out or a take out ?
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 10:41
Actually, not sure about Oranto.. it's a big vague.
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 10:25
What do you think J?

On top of there recent 4 licences, swallow up GBP and TRP and combine that with PEL 82 they would pretty much have the Walvis basin with 2 exceptions, Oranto which has no Aptian/Albian prospects and PEL's 30 & 37 which has the sand channel cutting into it and no doubt causing lateral migration distance risk as per Africa Energy's new found risk.

http://namibiaoilandgasconference.com/wp-content/uploads/2019/03/Lic_Map_31102018-1.pdf
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 10:13
Indeed, at the Namibian conference in April Exxon said they look forward to expanding their interests in Namibia

This was in addition to the new blocks they had just signed up
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 09:58
It wil be interesting to hear what Pam Darwin has to say when she speaks and if that includes the 4 new Namibian blocks.

Pam Darwin
Vice President - Africa , ExxonMobil

Pam Darwin currently serves as Vice President, Sub-Saharan Africa, Exploration and New Ventures for ExxonMobil based in Houston, Texas.

Also...

Day One

09:15 am
Panel Discussion: New Drilling Activities, High-Potential Discoveries, New Ventures Launched: How the African Upstream Industry is Making a Comeback, and Why Now is the Time to Take Notice
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 09:34
Oil & Gas Council "Africa Assembly" today and tomorrow in Paris AEC, AOI CHAR and ECO all presenting

ECO presentation will be Namibia focused, one would think

https://oilandgascouncil.com/event-events/africa-assembly-and-dinner/
PerryStalsis
Posts: 147
Opinion:No Opinion
Price:1.325
RE: GBP
Mon 08:49
Blah blah blah blah. Newsflash! Cash diminishing! Nothing happening! Pointless posts suggesting positive news continue!
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Sun 20:49
So we have two wells on PEL44, with new data and Exxon as one of the partners, oil has already been recovered from the adjoining block by HRT. Chance of success must be very good (compared to recent wells on old data)

This block is in the same fairways as our PEL 29 & 94, but most prominently inline with PEL 29 and the western side of 94. A result will impact on our sp

If we have not had a deal signed by then, you would expect one signed before the next well which is going to be next door to us in PEL30

Whilst all this is going on there is the small matter of Total drilling the Ultra deep Venus well. Total must be very confident here from their recent result next door in S/Africa, which has changed exploration models & expectations

If any of the above come in, the price of a farm in deal will have changed significantly, as the appetite for acreage will have increased and all the prime blocks have all been taken
Investoroilgas
Posts: 272
Opinion:No Opinion
Price:1.325
RE: GBP
Sun 16:43
That is an excellent presentation, clear, precise and insightful imo.
Points of note:-
- Azinam has acted counter cyclically by acquiring acreage when others we were not interested.
- "Now is the time in the cycle to drill exploration wells in Namibia / South Africa because drilling costs are low".
- "If Azinam neighbours close by have drilling success, it will impact positively upon Azinam & its licences".
- "Azinam has 20% - 40% working interest in its licences.

I also liked Daniel's explanation of Azinam's economics of drilling wells in Namibia / South Africa.

GLA
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Sat 23:05
Found the another presentation, page 4 shows 2 wells on PEL44 and one on PEL30

Dates are 2H this year and 1H for the other two, but am sure the PEL 44 wells are back to back

http://event.congresso.no/uploads/account/f/33/e2c/f33e2c353891e38af99cd8587a8c9ab3.pdf

This is the webcast presentation, where Daniel mentions OKEA / Azimuth after a global screening program identified Namibia as highly prospective

https://webtv.hegnar.no/presentation.php?webcastId=97754856
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.325
RE: GBP
Sat 18:51
Noooo!, you've more than me again Investor!

Prospects 5 & 6 are a mystery.. I'm not sure if the recent Cormorant well proving the play combined with the success in Brupadda has altered the COS in the region? Point 2 on the summary page "Prospectivity of the area has improved as more 3D seismic and well data has become available" and point 3 "Proven Aptian – Albian and Cenomanian – Turonian deep water clastic systems are currently the key plays in both basins focusing on stratigraphic and structural traps"

Prospect W? another mystery? I thought it would only get drilled following success on prospect S. Char who have 65% / operator do not have intensions to drill again here but are keeping hold of the licence..
Investoroilgas
Posts: 272
Opinion:No Opinion
Price:1.325
RE: GBP
Sat 12:55
Very interesting, thanks for sharing this research.
Key takeaway for me...…" Namibia history - largely unexplored region with only 17 exploration wells drilled over 48 years" Quote taken from page 6.

The Majors know that large quantities of oil & gas are to be found in offshore Namibia, let's get drilling folks !!

GLA
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Sat 01:10
Been looking at the Azinam presentation from April, where page 4 says they are negotiating targets 5&6
I thought the two red dots on the licence map was PEL44, but they are the old HRT wells drilled in the now Exxon/Galp block
Page 7 shows the prospects on a chart with coloured balloons, including targets 5&6, which resource potential is in line with the Seapulse presentation
So there is still may a question mark over location, (particularly if Exxon's wells are going to be with Galp) Osprey is shown, but are seperate to targets 5&6

Page 4 also states "Subsequent 8 well program planned" this could be including the four wells in the Seapulse presentation, two from Exxon, one from Total and one from Shell

http://www.azinam.com/wp-content/uploads/2019/04/Azinam_NamibiaOGconference_UU_APR2019.pdf

So targets 5&6 are a mystery, strange they have not mentioned target names or blocks and who are they negotiating with ??
Investoroilgas
Posts: 272
Opinion:No Opinion
Price:1.325
RE: GBP
Fri 17:25
Thanks for the update Jimarillo, exactly what I wanted to hear.....drilling plans!!
I'm just shy of 2 million GBP shares (including the wife's holdings!), if there is more price slippage I'll top up to 2 million shares.

GLA
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.325
RE: GBP
Fri 11:20
Nice one IV,
This was from a post yesterday on in, replying news due from Azinam regarding two upcoming wells in Namibia

Management Accountant at Azinam
"Yes, our plan is to exploit the current low drilling costs by drilling various wells offshore Namibia and South Africa in the next couple of years. Watch the space...??"

Exxon and Azinam said to announce their plans imminently, regarding their two wells in PEL44
Investoroilgas
Posts: 272
Opinion:No Opinion
Price:1.325
RE: GBP
Fri 10:58
Me too !
Just got back from Croatia (very hot there!), checked GBP prices & managed to buy two lots of shares this morning at 1.25P.
Come on Exxon mobilise those rigs !! :-)

GLA
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.375
RE: GBP
15 Jun '19
Huge prospects which NONE have been drilled into the lower Cretaceous Aptian/Albian yet have hydrocarbon indicators suggesting they should.

It's why I'm here..
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.375
RE: GBP
15 Jun '19
They seem to have faith in the Walvis & Namibe basins is it prudent to over look two blocks looking to be farmed out with CPR's showing huge prospects ?
Marmited
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:1.375
RE: GBP
15 Jun '19
I've been looking since the announcement of those what appear to be less attractive 4 blocks for evidence that Exxon will continue to look to swallow up more acreage.. great find J.
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.375
GBP
15 Jun '19
This is a video from the Namibian conference back in April, 4.46 mins in Exxon confirm they are looking forward to expanding their presence in this frontier basin (this was after they just taken on new blocks signed at the conference, are they looking for more ?) and beginning their exploration activities later this year (two wells as per the Azinam presentation)
https://www.youtube.com/watch?v=89N_m6p87X0

page 4 here on a presentation from Azinam at the same conference shows targets 5 and 6 in red dots (PEL44) currently being negotiated. I take this to mean with Seapulse/Azinam, M&P and Exxon
pages 8&9 show the geology
http://www.azinam.com/wp-content/uploads/2019/04/Azinam_NamibiaOGconference_UU_APR2019.pdf
Jimarillo
Posts: 1,664
Opinion:No Opinion
Price:1.375
RE: Case for Azinam/Seapulse
14 Jun '19
Here is some more homework for you M, from Geoxpro back in 2011

Promising Giant New Hydrocarbon Frontier: The Namibian Continental Margin

"Anoxic intervals in Neocomian, Barremian, and Aptian times resulted in the deposition of the extremely rich source rocks that are essential to the petroleum systems that control the occurrence of giant oil fields in the Brazilian and West African margins."

https://www.geoexpro.com/articles/2012/03/promising-giant-new-hydrocarbon-frontier-the-namibian-continental-margin




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