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Quite right M, the map shows the overall potential of PEL29 is massive and this sort of licence simply cannot be ignored with the up coming exploration in the region ;-)
I think the prospect to the east of Gemsbok is Choje? In yellow are Gemsbok, Lion and Dik Dik, in orange are Choje and Pangolian.
"Of the two leads, Choje is of particular interest as it is interpreted as a large, on-lapping upper Cretaceous fan on the eastern flank of the Gemsbok high and so consequently adds another potential level of prospectivity to the greater Gemsbok prospect area."
From that same article
"Total drilled and successfully completed the second Brulpadda well in 2019 as a gas and condensate discovery stating that ‘…the well encountered 57 m gas and condensate net pay in the Lower Cretaceous reservoirs from two sand intervals’.
The well was drilled in approximately 1400 m of water in the Southern Outeniqua Basin with a TD of 3633 m. It is estimated to contain significant resources of at least 1 TCF of gas equivalent. The main Brulpadda reservoir interval is interpreted as a
coarse clastic basin floor turbidite fan of Aptian-Albian age "
This is very much as described by GBP regarding PEL29 and the target not reached in PEL94, even to the similar depths of water
Here is a link to a GBP map in 2014 (click on the map to expand) It shows the Three main prospects in PEL29 Cloe and Dik Dik to the left and Gemsbok to the right. However there are two leads shown as well look at the huge lead on the right of Gemsbok, this runs into PEL94 and is larger than Gemsbok and could extend further into PEL94 under Welwitschia, which the board have already highlighted
At this point in time we only had PEL29, but having the Peters as two board members in TRP they knew exactly what the unreached target had in common with Gemsbok and therefore pulled out all the stops to acquire PEL94 after the TRP relinquishment
Should have said..
Is it not 'the equivalent of ' a Basin floor fan ponded against a fault as described above ref a new exploration trend?
Interesting article there J (Exxon and Guyana). Exxon have promised to use there advanced technology to explore those newly acquired blocks.
That SpectrumGeo article is a heavy read :-) My take on it is the importance of some form of structural trap as a primary key to success.
"However, with strikingly similar characteristics to the Brulpadda discovery, in relatively shallow water settings, leads and prospects comprising basin floor fans ponded against major transform fault ridges have been identified from South Africa up to Mozambique setting off the chase for acreage in this new exploration trend."
Albian-Aptian, shallow marine carbonate reservoirs, the main targets at Gemsbok, Lion, Dik Dik and Welwitschia Deep, are present in the wells 1811/05-1 (Tapir South-1), 1911/15-1 and 1911/10-1, where the reservoir quality is good. This reservoir is mapped in large, dip and fault-closed structural traps in Global’s prospects.
I don’t see a difference between a ridge acting as a structural trap and a fault acting as a structural trap for oil accumilation?
However, Choje from lead to prospect?
"Choje is of particular interest as it is interpreted as a large, on-lapping upper Cretaceous fan on the eastern flank of the Gemsbok high and so consequently adds another potential level of prospectivity to the greater Gemsbok prospect area."
Is it not a Basin floor fan ponded against a fault as described above ref a new exploration trend?
The ASX numbers back up what I've felt for some time, it feels like that the SP is at the bottom, all we need is some positive news on Namibian offshore drilling or a Global Petroleum farm out deal to re-rate this share.
Interesting detective work Jim. All will be revealed soon enough
Over on the ASX the numbers on the bid are increasing 3 x 1444053 and 2 x 1300000 @ 1.8c
Over 6.9 million shares and only 103k on the sell side @ 2.1c
Currently no hope for the orders of 6.9m to be filled @ 1.8c
We have seen the Seapulse presentations, here is Scott giving the presentation back in February 27.3 mins in
Lets hope Exxon can repeat this in Namibia this summer
Doh ! was a nice idea, but will have to wait a bit longer for news of drilling dates ;-(
Just found where the WG will be drilling it's nine wells and Total have nine wells to drill in Angola
"Seadrill has been doing business in Angola for a many years. Currently, we have only one rig over here, the West Gemini, which is working for Eni on a contract that will end in July 2019. After this, the West Gemini will go to Las Palmas to get all its equipment recertified and complete some upgrades. It will come back to Angola in October, when a new long-term Sonadrill contract will begin."
Namibia and S/Africa have become very incestuous in the exploration world
Azinam and Exxon have two wells together, Exxon and Galp two wells, Azinam and AOI two wells S/Africa, Total and Impact one well, Shell & Kosmos one well and Azinam and Eco one well
AOI, AEC and Impact also involved with Total in S/Africa, but in more harsh conditions and have a rig fit for purpose just announced
Is it possible Namcor has worked a deal for all the above wells to be drilled with the same rig ? Never heard of such a proposal but this will reduce risk and benefits all concerned
The above equates to nine wells and the contract includes options on three of the wells. It just strikes me as unusual for plans not to have been announced by now, so close to a drilling campaigne, from any one of the players as yet, which plays to the above concept imo
I think I have found the rig where Nikham are looking for hands, with work starting in September
The West Gemini was last contracted to ENI for $180k per day
The client is unnamed, but who currently wants to drill nine wells ? some with options
Seapulse want to drill 12 wells and have an alliance with Maersk who may not have been able to service 9 of these wells at this competitive rate and may instead take on the N/Sea wells
Nice one Jimarillo :-)
Patience is the key imo….. Namibian offshore drilling timetables will come.
Shares becoming rare again
Nikham Offshore, have been working on the West Eclipse, are now advertising for .......
5h • Edited
We are seeking to fill below positions.
Start Date: Beginning of September.
Location: Offshore - West Africa
All candidates must have at least 2 years of recent Semi-Tender experience in the applicable position.
3. Assistant Driller
4. Crane Operator
No news if this is for the West Eclipse in Namibia as yet, but news has to come soon
Also I see the Ocean Rig Poseidon drillship is near completion of it's Angola contract this month with ENI, there is also a chance we will see this rig back in Namibia
Good piece, seems to describe Walvis Basin Ridge in all but name
I noticed a change of shares on the bid over on the ASX, buy orders queuing up 3 x 1.44m or 4.3million shares @1.8c followed by 500k @ 1.7c
"a sign that shares are becoming scarce" Indeed there has been a few lumpy buys this month so far and at least one marked as a sell, which I know was a buy
The purchase today does look interesting, possibly a sign that shares are becoming scarce because GBP investors are holding on to their shares in anticipation for drilling news.
The height of summer is upon us, I can't see any significant news coming through until September / October.....tick, tock.
Surprised with the uptick today and the price paid compared with previous buys
Been looking around for info and seems everything has gone quiet, regarding the upcoming wells for this season, but news will out soon as we are so close to the season start
Namcor are said to be going live with their new structure this month and it seems their website is down currently so maybe due to be updated. I did email them a week or so ago with no reply
Quarterly report due at the month end, if nothing else
This is why they wanted the same rig for the S/African wells
Total have booked the Deepsea Stavenger again for the follow up wells in S/Africa in Q1 2020. The rig is currently on contract with BP in the N/sea until then
Looks like they will after all be using a different rig for the Venus well, the West Eclipse still in Walvis Bay and drill ready
Upstream are running their 14 day free trial again, just have to register to be able to open the link. I have run out of email addresses for this purpose. anyone else care to register ?
Looks like Galp don't want to be left out and want to take advantage of discounted rig rates and any discovery from wells being drilled all around them.
Galp/Exxon are in PEL82 Walvis basin adjoining PEL44 M&P/Azinam/Exxon.
They also operate PEL 82 in the Orange basin adjoining Shell/KosmosPEL39, newly acquired PEL90 by Tullow, Total PEL56 and to the north PEL87 PCL
That is the news that I want to hear.....Galp undertaking environmental impact analysis in offshore Namibia, the precursor to drilling in 2019 - 20.
Events are unfolding nicely imo.