Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
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.
I have only just realised that there is a filter option when you click on reply........works a treat ;-)
Indeed IV, we will see volumes increase here when drilling begins, but I expect we will see a fair bit of activity before then. AziNam and Seapulse to show their hand yet ..........
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) is pleased to
announce that the Company has received a letter of intent with a minimum value
of USD 3.6 million from an undisclosed customer on behalf of a JV block
consortium, offshore Namibia. Under the terms of the pending data licensing
agreement, a final survey option type and license fee is expected to be
determined by the customer within end of Q1 2020.
So an update from EMGS as well before the month end
I agree with you Jimarillo, volumes should I hope increase once Total start drilling Venus 1 next month. Will we see a Pancontinental (PCL) type rise, time will tell !
If Total and others believe that offshore Namibia is a highly prospective frontier region, that's good enough for me / my family to be invested in GBP.
GLA.
I have just made my final top of 50,000 shares this morning, good luck to everyone invested here.
Majors.....over to you, start drilling !!
Total currently drilling next door in Angola on the Kaombo ahead of the Venus well, the project will drill 59 wells from six fields targeting 600m barrels. Just shows the level of investment they are willing to plough into a field that doesn't seem massive compared to GBP's prospects
https://www.total.com/en/media/news/press-releases/angola-total-launches-full-field-production-kaombo-start-second-fpso
Note, Totals partners include Exxon and Galp
Nikham offshore are recruiting for an unamed rig, nationality required, Namibian & S/African, "immediate start"
I know Maersk policy is to employ a percentage of local talent
https://www.linkedin.com/company/nikham-offshore/
TGS seem hopeful for a Venus success......"Although a first major oil discovery as yet proves elusive, these existing wells have been stunningly successful in reducing risk for the forthcoming Venus well"
Oil Majors farm into Namibia and Western South Africa
https://www.arcgis.com/apps/Cascade/index.html?appid=63a2f370d9ab4f388ccfb65b7d965c2b
MM's picking off cheap shares, I wonder whether the sellers know that Total are drilling Venus - 1 next month...…..each to their own.
Good luck to all GBP shareholders.
Some were buying cheap shares today as well ;-) Certainly the mm's have been dropping the sp of little volume, but who can blame them in the current situation. The market is normally ahead of the curve, so the first sniff this virus is going in reverse like it has in China and S/Korea hopefully we will see a bounce. Of course Venus is coming up and we still have a deal possibility. Fortune favors the brave, M/cap under £1.5m ;-)
Perhaps some breathing space?
http://www.businessghana.com/site/news/business/208602/African-states-should-immediately-assist-petroleum-exploration-and-local-service-companies
Here is another link to a recruitment company, this time for S/Africa only on a Drillship
https://www.linkedin.com/company/icmgroup/
Makes me wonder who is drilling in S/A, Total drilling later in the year with a Semi-Sub.......Seapulse AEC/Azinam or Shell or Equinor whom also both have Azinam as a partner
Southern Africa, looking to a be a busy region for exploration
Shame this site doesn't always show all the trades, a few buys yesterday not shown. Certainly ADVFN is much more user friendly and has an edit option ...which I always need ;-)
KOREA normal flu deaths per year 10,000
KOREA actual Covid-19 deaths of....... 84
THAILAND normal flu deaths per year 20,000
THAILAND actual Covid-19 deaths of..... 1 (yes ONE)
ITALY normal flu deaths per year of around 17,000
ITALY actual Covid-19 deaths of..... 2978
USA normal flu deaths per year 37,000
USA actual Covid-19 deaths of...... 150
Figures are since January, so coming up for 3 months of Covid-19 against 12 months of Flu, albeit Flu also kills most in the same non-summer months.