Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Spike got the same info, like I said could be rumours but so far all the rumours have been true lol, I'm confident the farm out will happen.
Pretty much agree. If we get a farmout then 5p seems feasible on Marula alone. Waiting on those bids now.
It’s a stonking buy from here, 6p in the summer
There was too much hype for it to open high snd keep climbing. The market makers see the mugs coming a mile off.
It was count to open a few % up, rise to the low teens, let the mugs get spiked by dropping the price, must get spooked, mm’s by shares back , price can then start to ascend.
Agreed the invasion might put the anchors on or at least slow down the price increase but now the fun has been had, it’s one way from here . Buys will start coming in now. Hold for gold!
This was always going happen, its a crowded trade.
Expect the dust to settle as the people who traded against the Total result take profits.
We will then start to move up towards farm out
As I said last week…. Venus discovery was indeed ‘staggering’. As I said just last night. ‘Job done… news imminent’
The latest rumour I’m hearing is that GBP are already in discussions with potential farm in partners and have applied for the licence extension. Not facts… just rumours but from the same sources as previous….take it or leave it.
Spread appears very tight,my third top up today down as sell,and now dropped down further.not too bothered,it has to come right.
Just last 12 hours ago we were all talking about 1p open ??
I should point out that Pancontinental also has acreage in Namibia north of these discoveries and their SP has risen 6 fold on the Graff and Venus news from $0.01 to $0.06. Their highest COS target is only 19% COS and a mere 73 MMB on a P50 basis and is still classified as a lead. Marula looks better. GBP needs to catch up.
https://cdn.finfeed.com/images/oil_potential.width-600.png
Thank your stars were not red mate, everything else is. A blue finish today is very welcome considering the current global state of affairs, once Russia Ukraine war becomes the norm then expect this to re rate.
eh seen the news today?
Expect an RNS from GBP as they did with Graff-1
07 Feb 2022 12:21 pm
RNS
Factsheet Global Petroleum Ltd (GBP) Namibia Update - Significance of Graff-1 Well
Well what a crappy response
Also why an earth are there so many sellers
especially as the net current asset position is very healthy at round £2.2M. This gives an EV of only £4.7M after net current assets, so even if we ignore all the other prospects that means GBP is currently priced at only $0.22 per risked barrel for the 210 MMB 22% COS Marula prospect, which now seems far too low given these epic drill results.
especially as the net current asset position is very healthy at round £2.2M. This gives an EV of only £4.7M after net current assets, so even if we ignore all the other prospects that means GBP is currently priced at only $0.22 per risked barrel for the 210 MMB 22% COS Marula prospect, which now seems far too low given these epic drill results.
Namibia: TotalEnergies makes a significant discovery in offshore Block 2913B
02/24/2022
News
Paris, February 24, 2022 – TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.
“This discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange Basin, on which TotalEnergies owns an important position both in Namibia and South Africa” said Kevin McLachlan, Senior Vice President Exploration at TotalEnergies. “A comprehensive coring and logging program has been completed. This will enable the preparation of appraisal operations designed to assess the commerciality of this discovery.”
Block 2913B covers approximately 8,215 km² in deep offshore Namibia. TotalEnergies is the operator with a 40% working interest, alongside QatarEnergy (30%), Impact Oil and Gas (20%) and NAMCOR (10%).
Geowiz lol squirming now the share price is going up, well once that farm out news lands you will squirm like a worm
84m net is huge
Great news for Namibia and god knows we need their oil now.
GBP need to get the extension to have a chance of farm out.
lol Oz kind of… cast your eyes over this this: https://totalenergies.com/media/news/press-releases/namibia-totalenergies-makes-significant-discovery-offshore-block-2913b
1.04 appeared level 2
This area is full of oil ,oil prices huge at the moment .
60-70 metres was approx 1.5 billion barrels,so 84 metres should be around 2 billion barrels.
Have I missed an RNS?
Anichan, 84 meters of net oil pay = :D:D:D:D:D
It is the depth of petrol reservoir found by Total. It is huge.