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Thanks, looks like stake building to me, which is pretty much impossible to do here without shifting up the sp, due to the small amount of shares freely available ;-)
Really good tracking on those survey vessels. Jim - many thanks and seems to support the view that we are very much under the microscope. All about location for a deep drill me thinks. We are certainly contender for selection.
Those round numbers again multiples of 5 or 10 and the 225k was sell, but at a premium to last Friday and now the bid up to 1.63p
Vessels now in TRP block 1911 ajdacent to our PEL94, looks to me that TRP and GBP are being checked out
Vessels are taking their time inside PEL94 coming in from the bottom East side arcing to the left and is currently half way across the bock on the Northern border
Certainly PEL94 has had serious attention in this and the previous bout of surveys, this must be significant
Looking very much like Swift and co are turning left into our Pel94 S 20.20/E11.57 ;-)
The Swift and co have just gone across the "S"border line, into Pel 94&30 and running up the "E" border line dividing 94&30 (S20.28 E12.03). Important to see if they turn or carry on into TRP blocks
They took a similar route to one they completed in the previous session
Early in the morning the Sovereign went back to Walvis bay
My hunch is that they are looking for prospects below that regional seal having focused on those above for so long. ;-)
From a recent post, companies yet to announce their exploration plans are still in the process of agreeing well locations
The PGS survey vessels (Sanco Swift and Sanco Scorpio + support) recently working in the Namibe and Walvis Basins maybe key to these locations and yesterday they started back in the field with the addition of the Ramform Sovereign operating separately
Swift and co have gone through Pel33 and heading into Cormorant block in Pel37 and the Sovereign in the relinquished eastern side of Eco's Pel33
The Western side seem to have a fair bit of attention on the first phase of the works and must be a location for Eco, as there is a commitment well requirement
Be interesting to see if our Pel29 attracts attention this time around
Our Pel94 certainly has had attention, could it be an up coming well location ?, taking advantage of heavily discounted rig rates for Namibia currently ($15m per well). Repsol thought it worth a shot at $110m 2014, but drilled way short, of what now would be the target, Welwitschia Deep
Ah good. They have been at anchor for days..
Sanco swift and co are back out in the Walvis Basin, will be keeping a close eye on their tracks
Status is reachable
Shakwa Nyambe Author
Founder & Managing Director of the Law Firm, Shakwa Nyambe & Co Inc. Energy, Natural Resources & Commercial Transactions
3h
I think they are two other oil companies who will announce once their wells are confirmed. They should drill in Q3 or Q4.
This chap works with the MME & Namcor
Azinam is a safe bet as they partner Eco various blocks, they also partner M&P and Exxon in another block
November Seapulse signed up Halliburton and Petrofac so must be very close to an announcement and are in the Azinam camp
https://www.worldoil.com/news/2019/12/11/maersk-drilling-tags-halliburton-and-petrofac-for-its-seapulse-exploration-drilling-program
Eco have two commitment wells due before March 2021 PEL33 and 30 and M&P/Exxon have mentioned before they would drill two wells
There should have been wells in 2019, so bit of a back log and could mean 5 wells in total with Venus
Good work Jim, things will start to heat up over the coming months for sure
Good!! Be interesting to see who and where!
Should have added...Confirmation was from a prominent insider, in conversation on a Maersk Voyager post on Linkedin this morning
Just had it confirmed, apparently two further companies to announce Namibian wells for 2020
Eni, Total among winners of rights to develop Angolan 'frontier' blocks
https://uk.reuters.com/article/uk-angola-oil/eni-total-among-winners-of-rights-to-develop-angolan-frontier-blocks-idUKKBN1ZF260
The Namibe Basin is either side of the Namibia /Angola border and Exxon have 2 blocks on the Angola side and 4 in Namibia
Now Eni and Total are operators in the recent bidding round Equinor and BP as partners
Significant that four new majors camping out in the North of Namibia/Angola, are they following Exxon in this frontier basin ? The majors are certainly moving in.....Walvis Basin next ?