Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Forgot to mention the EMGS focus will be in the Walvis Basin and the was a further mention in the Q&A at the end
Same they can't put an edit option on this poor show of a chat room platform ;-(
Here is the recent presentation from EMGS slide 6, 3.50 minutes in confirms the will be back in Namibia in the spring, sounds like they will be extending contracts as well as per their announcement at the foot of the post
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200723_2
http://www.emgs.com/content/1794/EMGS-receives-Letter-of-Intent-for-multi-client-pre-funding-in-Namibia-
Another speaker update for the up coming Africa E&P event (more updates to follow)
Featuring some Namibian players more to follow, always an interesting event, normally an industry only , but I have managed to book a ticket
https://www.frontierenergy.network/ceos-picks/2020/7/20/first-speakers-announced-for-the-africa-ep-virtual-summit
What is he on about now .......... 4.4Bln to 11.8 Bln barrels of prospective resources across just two blocks, with further potential in PEL94
The industry have re-focused, with a new play concept since the Brulpadda discover, which has been a step change in the modeling of prospects in the region. This has brought the attention to deepwater plays to test below the regional seal
The industry have been a sleep and have been looking cheaper option in shallower plays, which is no proving to be false economy. This has been demonstrated by AziNam , who have walked from 3 such blocks
The Peters even managed to take on a bonus licence with PEL94 when others were looking elsewhere ;-)
If the oil is there it’s there. If it isn’t then it isn’t. Might as well be 1% COS or 99% but the fact is it has increased and note the activity around GBP acreage : )
I am expecting corporate action next via a farm in or sale.
Nai/DYOR
Brulpadda had a 5% COS before they discovered 1Bln barrels, the follow up wells are at 90% COS ........hahaha
This now is is a major oil discovery play. Absolutely brilliant
Everyone will want these now imho.
Can see 3p today at least on that update.
Nai/DYOR
COS more than doubled : )
Nai/DYOR
That was quick. Still worth remembering those are the estimated resources so far with more to come particularly to the south east corner read across extended play updip to cormorant with confirmation of migrated oil in the area..
NT at 1.5p ?
Nai/DYOR
Page 13 http://www.globalpetroleum.com.au/uploads/files/reports/20-07-20-gbp-corporate-presentation-1595225060.pdf
Total prospective resources of 9.6 billion barrels of oil : )
Total prospective and leads 11.8 billion barrels of oil : )
Market cap £2m lol
Nai/DYOR
Thanks for the heads up H, missed that point, the first presentation since 2015, here it is
http://www.globalpetroleum.com.au/uploads/files/reports/20-07-20-gbp-corporate-presentation-1595225060.pdf
Global will now re-start the farmout process as the Marula prospect should be particularly appealing to certain potential farminee companies.
Great update, things starting to progress rapidly.
Presentation on website, first one for 5 years.
Things seem very different now and I think lots more news is around the corner by the sounds of it.
Nai/DYOR
Yet another announcement, we are travelling at warp speed here, 7 announcements since the start of June, we are in play imo
The main feature of this announcement must be the increased COS on both prospects particularly Marula from 8.8% to 19% and WD 15% to 17%
The resource pretty much the same as the previous report
The Brulppada discovery COS in S/A was just 5%, the follow up wells are now at 90% COS
The next rns to follow is going to be big imo
Indeed Bishop, all we can do is go by our own instincts and place a bet. I know holders including myself that have substantially increased, already significant stakes in GBP, during the de-listing period. The results of those judgement calls will soon be known either way ;--)
Damn, you can’t edit here, I meant Invest, Iron is on the other board lol.
Jim and Iron, you each make a plausible case and it will be interesting to see which will prevail. In a company where two directors hold such a big proportion of the shares between them one hopes that whatever they decide will benefit them, and therefore us, as shareholders!
On the other hand why would the likes of Exxon bother to mess around with a micro cap ? Imagine a Guyana scenario, if Exxon made a discovery and wanted to do a fast track exploration and first oil. GBP would be for ever trying to keep up with the cash calls. Not only that, having other prospects within the region ensures you are not a one hit wonder and more likely to attract more substantial longer term investors. We would be party to six other licences across Namibia and South Africa, one of which is already a discovery. This would be a more credible JV partner for a major or two ;-)
A deal involving GBP and Azinam is a win win for the two companies, as well as for Namibia. It is a small concession for Exxon, which puts them in a good light looking ahead
This is why I think those on the fence thinking a placing is coming and at a discount to the current sp will be disappointed. There is no need for dilution ahead of either deal.........The Peters are better than that imo ;-)
Personally, I don't see a merger happening, why? Mr. Taylor & Mr. Blakey created GBP in the early 90's, they have navigated some tricky periods during the last quarter of a century but we've ended up with two exploration licenses in a frontier oil region where Oil Majors have acquired licenses and are planning to drill.
If this is to be their last oil company, why not go all out for farm outs, enjoy the thrill of drilling two high prospective oil licenses and maybe just maybe enjoy the elation of witnessing one (or two!) commercial oil finds.......what a way to end careers in the oil industry !!
GLA.
A buy out could see a price of around 8-10p, but the Peters are at every point been talking farm out. That is where the real money is. A farm out to a major or two, will be on the back of a merger with AziNam imo. GBP are to small an entity to be dealing with a major when it comes to cash calls etc
A straight merger between AziNam and GBP ?
AziNam are shedding unwanted baggage, so far PEL44,45 and 71. GBP have dropped the duel listing status, both companies seem to be clearing the decks and reducing costs
GBP, offers a cheap route to market, which could be completed by next month if it were a possibility. A significant interest in two highly prospective multi-billion barrel licences, with near term farm out potential to Majors. Four licence applications in Italy, which may result soon. Relatively small amount of shares in issue
AziNam, offers an increased foot print in the region of Southern Africa, three partners backed by Lundin. AziNam are under the Seacrest umbrella as are Seapulse, who have a collaboration with Maersk
AziNam and GBP look made for each other imo. If it is the case, there will be a need to raise cash, but only after the above type of deal has been concluded and possibly a farm out deal, followed news regarding upcoming wells. In other words at a price well beyond the current level
Ok thanks, no matter still works for me, just thought it was interesting to see the interest it garnered (up to 290 views). 4 from Namcor, Impact Oil & Gas, 7 directors, viewers from London, Paris, Houston, S/A, Aberdeen, Transocean, Geologists etc
It proves to me that there is some serious sector players, that take note of what goes on in Namibia and probably some that would prefer to things under wraps for now. Certainly we are on the right track to a game changing outcome at GBP
The sp going up on very little volume, in fact today the buys were out numbered by 250k and we still went up
Looks like they are now trying to up the price to find sellers ;-)
Says link removed Jim ?
Nai/DYOR
https://www.linkedin.com/feed/update/urn:li:activity:6688966662303158272/ca/share-analytics/