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Great observation, and adding to that post of course is the Flagship licence GBP PEL29 ;-)
I like this from BondSan over on the TRP thread.
Alpha and Gamma are very large in surface area. Delta is with GBP now i understand. 1 Billion barrels + in each
360 million barrel resource lead on the slope part of license - usually minnows get the near shore stuff but the particular shape of this license allows TRP to access the outermost targets with the Majors. ( See Guyana for example - the Prospects furthest out go to Exxon , Total , Apache while Eco and CGX get the smaller leftovers nearshore )
Yep,she will bag for sure on any positive news. Im fully loaded and waiting......
Here is Galp's CMD presentation, impressive company, they will be presenting next week in Oslo taking Africa
https://edge.media-server.com/mmc/p/usvsmgw9/lan/en/
Indeed, quite impressive ;-)
Here is the AEC announcement of the up coming conference, there is a link to the presentation which will be live on the day and will have a new presentation on the website by then . There will be others to follow, including Azinam
https://www.africaenergycorp.com/news-releases/africa-energy-to-present-at-sparebank-1-markets-en-122584/
Just had a look, Jimarillo, on the TYM six month chart, it's almost straight up,....on good farm out news, here at GBP, I would be looking for s/p, to be in double figures (s/p@20+p), quite quickly,....with only 203m GBP shares in issue & the BOD owning a large percent of those.
BW
Anyone see the re-rating on TYM , could be a similar day here if and when a farm out is announced ;-)
Azinam and AEC always announce when they are presenting and post a presentation on their websites, so keeping them peeled
Next Wednesday 26th , will be a big day for updates from AOI, AEC, Azinam, Eco, Maersk and Lundin all presenting at the Oslo SpareBanks1 conference
The question is ...is there an intention to have announcements ahead of the 26th. Not long to find out
News of target 6 is what we want ;-)
Namcor presenting at the Appex conference in March, no mention of the other players. Azinam presented there last year. Don't think GBP will have a need to be there either ;-)
Namcor no longer talking of the likely potential.......they are straight in with Farmout opportunities. Looks to be an easier sell. Just a few prime blocks left to farm into
https://appex.aapg.org/2020/program/program
Farm-Out Opportunities Offshore Namibia
Victoria Sibeya, NAMCOR
Tease indeed, don't know how I missed this before ;-)
It does seem to be spelling something out and a mention of new entrants, which has been said by Eco as well
There is going to be a surprise for sure........followed by a significant re-rating
Ha! Our own PR company teasing! As far as ‘potential for something to surprise’ I believe GBP sit on top there. ;-)
Tavistock's (GBP PR company) summing up at the Africa Oil Week in November
As the sun set on the conference and the delegates shared final glasses at the closing braai or at various dinners and drinks events there was an air of confidence for the year ahead. Across Africa next year there will be some exciting exploration drilling which has the potential to open up new regions. Deals will be done as new entrants look to come into the region. And in this industry, there is always the potential for something to surprise – all providing something to talk about next year!
http://www.tavistock.co.uk/2019/11/19/africa-oil-week/
It is strange how no one mentions Namibia on the ECO bb's, maybe Tullow & the indians walking away was significant and out of four blocks maybe just the two deep water blocks are of interest with the new data. However most of the work has been focused on the shallow blocks PEL30 and 33. We maybe wrong but, won't be long to find out ;-)
There is info to be gleaned from that.
So no plans to spend anymore money on PEL 37 eh..
Therefore I think it’s safe to assume
1. PEL 37 has no reservoirs of note below that regional seal.
2. It has no faulted traps/reservoirs up dip to catch their Proven oil subsequently laterally migrated some distance away.
3. The distance between the source and the reservoir being closer at Albatross does appear a load of cobblers and more of a let down gently exercise. (It was RNS’d that the wet gas signatures began in the shale section above cormorants reservoir and continued throughout.. the oil generated didn’t go via the scenic route, it went into and back out of the reservoir taking a trip elsewhere up dip)
PEL 30 looks even more wobbly and when combined with Gils recent interview the other week plus the info we have discovered regarding up dip faults etc it leaves a huge question.. will we see Cooper being drilled? I still doubt it.
Operational update from AEC last month. Translated I think from Swedish. this is ahead of the $25m placing, but says here they could even raise at a higher level after the first of the three wells results
For PEL37, the company announced on Monday morning that the license was extended one year to March 2021.
"For us, it's an option. Several large companies plan to drill in the vicinity of PEL37. If any of them succeed, it increases the value of our asset, so we just wait and see. We therefore keep the asset, but do not intend to allocate any capital to it, "Garrett Soden states.
HTTP://www.avanza.se/placera/telegram/2020/01/20/africa-energy-fokus-pa-block-11b12bkan-dubbla-vart-varde-vd.html
"Several large companies in the vicinity", The English version said "several operators " The only operators currently due to drill in the vicinity is M&P and Galp, suggests there is others to follow Eco could be one and GBP via a new operator ????
Interesting they say that they could have a further raise again after the first S/A well at a higher price....AEC could yet be part of a farm out deal
Just mailed that link you were on about, M
If TRP have anything significant to report it would have to be announced to the market before hand
Probably Cameroon related, time will tell ;-)
Mmmm? TRP RNS .. now getting an investor update at the LSE presentation investor evening.
Well done Fred your timing I think will prove to be spot on
It was Daniel Mckeown from Azinam himself, that said the brulpadda discovery had turned to understanding of the then current model of the region on it's head
So they were believers from day one and he made that statement at the same conference he is presenting at this month on the 26th in Oslo.
So February last year again fits with our thoughts
Welcome!
This share moves quickly in either direction often with very large spreads. You get used to it :-)
39.99% of shares not in public hands (Directors) and many more tightly held. Hard to buy in number on the up, hard to sell in number on the way down.
Thank you very much for responding! I’ve only recently bought in and topped up yesterday a little. I’m branching out a bit having been a big believer in Sirius and am still holding some there as I can’t quite let go - so this is all a bit new to me but I have tried to read up and it all seemed positive and hopefully something I can learn about
Cheers ears..
Well, another lightbulb moment? Azinam’s licences with the exception of PEL 30 are downdip/south of Wingat 41api oil in the Walvis Basin.
Namcor/Geoscience - evidence for an up-dip bypass zone for the non-deposition of sediment, and/or laterally continuous fault systems that will provide up-dip trapping.
I agree with all those potential suitors and maybe even a combination. This is going to be a good month imo
Here is the link
https://media-exp1.licdn.com/dms/image/C4E22AQF3IV_pv0waaQ/feedshare-shrink_2048_1536/0?e=1584576000&v=beta&t=Kwny0qjn5GOQ3JDFD7vcQUg_qr4RTNuHSGXojkjsGvk
J. Have you got a link to that drill v seal image you got off of LinkedIn?
Azinam, Seapulse, Exxon or even Total.. all in gather mode in Southern Africa. (The ones we know about)
Africa Energy may pop up in the mix as what it has is a little wobbly imo.