Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just read the rig has just received a contract in Angola, starting late Q3, so not impossible, but unlikely to be what we are looking for doh!
I need to look at this on my pc a bit later rather than my phone.. :-)
The blue dot left of centre is the Sonangol Libongos,but it's details have been turned off and has a " Tugs and special crafts" label
However if you enter Sonangol Libongo in the search it will show it's live location at the foot of the page
This link tells you about the new company and the two new drill ships. Seadrill have three contracts with Exxon and the West Eclipse just finished a contract with Exxon . So Seadrill are not strangers to Exxon
The link tells how they are looking for contracts for the new Drillships and need a successful well under their belt to promote the rigs. This sounds like a 7th generation state of the art drillship at a rock bottom price
If this rig is on "test", which it is by all accounts, (this would be the rigs first well), why would it be sat over a block that we happened to forecast to be one of the first blocks to be drilled this year, if it wasn't actually drilling a well ?
Ok here goes, here is the licence map, bottom right hand corner of block 71 is Walvis bay, directly west from there is PEL44
"DP trial area" was the label given to the location of the Poseidon on MT
There have been plenty posts from even Impact that Venus was going to be end of 2019
Regarding Seapulse they are connected with AziNam so have six licences, but it seems a difficult plan/concept when they are not the operators, particularly when Exxon is on board
Like you say lots going on in the back ground. I am waiting to see when the other drillship (that recently moved out of Walvis bay) is going to move off station, currently sat west off Walvis Bay, martime traffic has its location as test location. Those that watched the Poseidon last year, will remember it had a similar location stated, but was in fact on Cormorant
So, M what block is directly west of Walvis Bay ?
Venus has been 2019/2020 for some time. Nothing going on there J.
Seapulse.. still sorting itself out I think. They only have 2 licences confirmed so far.. lots going on in the background but it is in the background and we'll be the last to know.
Seapulse are not looking good currently, funny how the new website recently went live, accept for the details and then the Azinam website looked to be about to show more detail and both have simultaneously drew a line at that point. The AziNam website had new headers, but nothing new where it says read this
Seems they have been knocked back with the Seapulse concept
The new presentation from AOC has Venus now drilling Q2 2020, what is going on ?
I said in a previous post that Seapulse said they will drill wells in blocks even if they are not operators. I don't know how that could work
If the Maersk Viking was in Namibia on behave of Seapulse they may have found Exxon had other idea's, as the MV is now heading out and marine traffic has the destination as Port Louis Mauritius
The plot thickens ...
Despite the slew of assets acquired over the past year, Kaabi said QP remains hungry for more upstream exploration blocks around the world.
“Anywhere you find the hottest beds in the world, you’ll see us there,” he said.
From my list of players the most significant in the region was missed out, how could I forget the Azimuth Group/AziNam
From Gils interview Azimuth were the original backers of Eco and have probably been eyeing our blocks for sometime
Will the new data and concept, see them joining a Major in our blocks. They are already partnered with Exxon
Here is an interview with Eco's Gil Holzman
This was 2012 and very early down the road, but the numbers he talks of in just three blocks is quite staggering 18 Bln barrel s potential.
You have to realise that one of these blocks is ten times the size of a regular sized Norwegian block, so there is as AEC says much running room. We have two blocks so 20 times a regular Norwegian block or 20 Norwegian blocks equivalent
Now we have a new concept, a higher chance of success and the big numbers, no wonder the Majors are homing in
Yes quite right on both AEC and TRP
Who ever the Peters are in talks with, Majors will be involved. As shown with recent take up of assets in Namibia, the list of participating Majors and Mid/Caps is growing
Total, Shell, QP, Exxon, Kosmos, ONGC Videsh, Galp, Lundin, Tullow, Lekoil and Serica
There could be new entrants still to take part or current players will increase their foot print. What is obvious is that all the prime blocks are taken and farm in deals or buy outs are the only other options
Say Exxon farmed into 29 & 94 i'd bet my house Africa Energy would show the correct licence information! ;-)
I can understand TRP not advertising small caps such as GBP or ECO as they want investors to focus/invest in TRP and its licences, but Africa Energy dont have any licences in Namibia, the Company owns one-third of Pancontinental Namibia.
Funny how TRP do not show below their blocks, the adjoining blocks of GBP or ECO
In fact Azinam are the only ones to show all the blocks with the correct names, but only on a presentation for the industry players. We managed to get a glimpse during a presention, a photgraph captured the projector screen in the back ground showing all the blocks
Slide 9 shows the extent to Exxon's footprint, including blocks on the Angola side
There are currently another 9 blocks in the Namibe basin on the Angola side up for auction
"Luanda has grand ambitions for the state-owned Sonangol in 2022, the year it is planned to be partly privatised. The minister of petroleum and mineral resources Diamantino Azevedo has a plan to push up bids which, according to our sources, involves having Sonangol acquire free of charge a 20% share in each of the 56 new exploration blocks to be put on the market by 2025. The first ten of these, nine offshore exploration blocks in the Namibe basin and one in the Benguela basin, are currently being showcased in a roadshow organised by the national oil and gas agency (ANPG) that started on September 3. The tour is to close on the 23 of the same month after passing by Luanda, Houston, London and Dubai.
Before starting the partial sale of the parent firm headed since May 8 this year by Gaspar Martins, the Angolan government first needs to privatise the company's 72 subsidiaries. New executive board member Josina Marilia Ngongo Mendes Baiao is in charge of the company's on-going restructuring project"
Something that I noticed on page 17 - Attractive Location
They take the time to point out Exxon's new licences April 2019, rightly so, its a big deal.. but are the positioning of those in this presentation a deliberate mistake? Are they seriously believing Grisham still holds Licence 1810..
Exxon has signed an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.
The recent arrival Bourbon Explorer 504 as expected is working with the Maersk Viking and currently along side. I expect the Topaz Energy to be the fire fighting vessel on stand by when the MV moves to a drill site
It seems natural to think that The Maersk Viking is in the Walvis Bay on behalf of Seapulse and the two supply vessels above have come a long way to be with the MV. Survey vessels have been trawling all over the Walvis Basin in recent weeks and months which again shows much going on behind the scenes. This could be surveys to confirm well locations and extending current data, which may be subject to a deal.
Latest AEC presentation not much different to previous versions, still "waiting for success at Osprey", adjoining our blocks
"Main risk remains hydrocarbon migration distance; success at Osprey de-risks Albatross" PEL37
Passenger vessels attending the Maersk Viking this morning and at the weekend. A tanker along side last week and an offshore supply vessel along side this morning
The new Sonangol Libongos drillship is now outside the Walvis Bay in a test location and is due for a contract in Angola
The Bourbon Explorer 504 is due into the Walvis Bay today and the Topaz Energy fire fighting vessel just arrived and many other offshore supply vessels due in
There has been and still is an unprecedented amount of survey vessels in the Walvis basin in recent weeks, at least 6
Here is one
Another is the Nordic Explorer awarded a niche 3D survey, sub contracted from SeaBird
The survey vessels are a combination of 3D survey vessels and research vessels used for collecting info for drilling permits
Another new rig the Safe Eurus is on it way to Walvis Bay, but is en route to Brazil eventually
Certainly much going on in the Walvis Basin ahead of up coming wells