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. 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.
Considering the recent high news flow recently, the next piece of news will be upon us soon, so I would imagine the positive note will need to be released to the general market ahead of that news flow. The clock is ticking and time is getting short for those Panmure clients looking to stake build, ahead of potential farmout news imo
I’d imagine the broker note will be out this week surely ?
Nai/DYOR
Don't know, is the only answer I have......but they must have been given a time line, otherwise the note may be quickly out of date, depending on the next piece of news
How long does it take to ring round brokers to source shares ? and maybe a second time with a better offer lol. Clearly it would be difficult to build a sizable stake on the open market, without significantly increasing the sp. Holders are in a fantastic position here, for a change ;-)
One thing for sure there is a note and just a matter of when the wider market gets to see it. If nothing this week, Monday could be favorite...........
2p attack coming up I imagine looking at the chart.
Nai/DYOR
Has anyone got the broker note ?
Nai/DYOR
Has anyone got the broker note ?
Empty end on ADFVN appears to show quotes from it !
If you are not a client of Panmure, this would be your reply with regard to the note
"As a result of regulatory restrictions we can only send research to clients of Panmure Gordon"
Those that are clients and in possession of the note are obliged to keep it private, until it is published by Panmure
Thanks Jim
So some will have it but can’t share yet ?
Nai/DYOR
This is very interesting and free to register, but would happily pay to watch...24th September
The Women in Energy: Leadership from the MME, Namcor and Exxon
https://www.linkedin.com/posts/wilka-embula-geo-sci-nam-b3b00322_yes-network-namibia-activity-6699617984031281152-Hkre/
H, the initial target is 3.4p , the risked NAV is 15.2p, which is 10% of the all in price with no dilution.... 152p
Obviously there will be dilution........but after a deal and then a new note would follow
Thanks Jim. Have you seen the note ?
If 90% dilution is 15.2p and GBP manage to keep say a 20% interest then that would be a 30.4p target.
It also depends on what deal they execute as wouldn’t rule out a clean takeover or merger to be honest and would expect that to be done at much higher than where we are now
Nai/DYOR
Indeed, and that is just the farm out deal, there could be more than one deal .......who knows ?
Maersk Voyager to re-commence by the end of this month, as per the original contract, which means Block 48 Angola followed by Venus Namibia, followed by two well options
https://investor.maerskdrilling.com/static-files/6c473a7a-eddc-44c1-b52b-e472b606b505
More from AEC, on up coming wells, strange they don't mention the two farmout partners for 2B, Azinam and Panoro Energy(board member Garrett Soden)
Management looks forward to closing the Block 2B farmouts whereby the Company will be carried through the next exploration well, Gazania-1, expected to spud in the first quarter of 2021. Block 2B has significant contingent and prospective resources in shallow water close to shore and includes the A-J1 discovery from 1988 that flowed light sweet crude oil to surface. The Gazania-1 well will target two prospects in a relatively low-risk rift basin oil play up-dip from the discovery.
https://www.africaenergycorp.com/news-releases/africa-energy-reports-second-quarter-2020-results-122591/
So Azinam are operators of 2B in S/A and if they are to spud a well in Q1 they are going to have to name a rig contract soon and come up with some cash. You would expect this well to be part of the multi well campaign. Much more news to come from them
Looking at the Maersk fleet status report there will be a choice of 3 drillships for Seapulse/Azinam currently
DeepSea Stavanger has landed. All systems are go at Total.
The arrival of the drill rig, following the recent successful Brulpadda discovery, reaffirms confidence in South Africa as an investment destination of choice for the exploration of oil and gas.
“This is despite the negative impact of the Covid-19 pandemic on economies around the world,” he said.
https://www.google.co.uk/amp/s/businesstech.co.za/news/energy/424952/a-massive-oil-and-gas-rig-has-just-arrived-in-cape-town-as-part-of-a-r7-billion-drilling-deal/amp/
Noticed Panmure Gordon nowTRP’s Broker... shared director, shared broker, shared prospect.
2+2+2....? TRP received unsolicited approach from major oil company regarding Namibia and GBP recieved contacts with counter parties at the same time.. mmmmmmm!?
TRP......Change of Joint Broker
Following the merger of the Company's joint broker, Whitman Howard Limited, with Panmure Gordon, the Company is also pleased to announce that it has novated its agreement with Whitman Howard in favour of the new entity, Panmure Gordon (UK) Limited.
HTTP://uk.advfn.com/stock-market/london/tower-resources-TRP/share-news/Tower-Resources-PLC-Financing-Update-and-change-of/83070834
Regarding Cameroon
"The Company also remains in discussions with another potential farm-in partner."
Something going on when you think the last rns from TR was about Welwitschia and GBP
Looks like something going on Jim.
Makes sense seeing how we are capped at less than £3m with billions of barrels of oil potential.
Imagine there is more than one interested party also.
Nai/DYOR
I don't see a merger with TRP, but there could be some sort of consolidation in the region
It is easily seen Geewhizzz and Africa Ob are the same plonker as Peristalsis
He is a fraud, deliberately spouting rubbish ......not worth the effort
Listening to the Maersk webcast this morning and in the Q&A at the end, they are in discussions with regards to the V drillships for 2021, some long term contracts, but until there is ink on the paper nothing is agreed as yet
Azinam are due to drill in block 2B S/A in Q1 and obviously they have a multi well campaign. You would expect they with Seapulse will be in talks with Maersk . They will have to put pen to paper soon as Q1 is not far away ;-)