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You didn’t hear anything Jackie. I’ll wait for official news. Price action is dreadful. Sells out way buys and this is so close to news.
Where did you hear that?
Just been hearing Maersk Voyager drilled into something interesting
Needs testing and drilling further down
Potential payzone and we could be in business
I’m expecting volume early next week tbh. Venus will spud Dec 01st!
Think January will be a quiet month here, but best time to buy I would say at these prices, I can see come February there will be a lot of buyers here awaiting result to come in for the two majors drills, the traders will be all over this pushing it up, atleast To 0.75 levels and if there is any whiff of oil then expect fireworks here how many bags we can only guess
Cash will be around £1.5 mm given average burn rate
Market Cap at 0.45p is £4mm. Cash supported price is sub 0.2 p. That’s the Venus dry hole price.
there was a placing in august
Just working out if there is likely to be a placing before adding a few of these.
Venus was spud on Dec 01st:
Day 36. I would expect momentum to start picking up, seems some buyers like this price.
Graff and Venus were spudded in early December 2021, estimated drilling times circa 60 - 70 days. Geowiz is spreading false narratives again, results are not imminent, both drills are approximately half way through the scheduled drill programmes.
For those new GBP shareholders, Geowiz is the resident GBP deramper, click on the username and you will read his / her deramps on small cap oilers.
GLA
I was under the impression that Shell only had the drilling rig booked till January end.
45-60 days my guess. We should know something about Venus next week or so.
Yeah it’ll be 60-90’days. I think we’ll have an idea after 60 ish
Hopefully by then we have already had companies doing DD on our license and ready to pounce or even signed up on a farm out
It's been confirmed "The Namibian government, giving its approval to the plan, has said drilling would be around three months per well."
Source https://www.energyvoice.com/oilandgas/africa/ep-africa/369009/totalenergies-venus-drilling-deepwater/
No one seems to know at all
Total drilling 3000 meters water depth
Can you confirm where TD was announced on Venus ?
These are ultra deep wells I believe TD will take 3 months
@Dnd2136, what makes you say that?
We're only four days in and you've already written off the remaining 361.
looks like its going to be another rubbish year on aim with nothing rising
Previous Nam wells all reached TD in a month so no doubt this drill is done now so Venus results should be imminent
Trust….information is very scarce about the drill or when they planned to reach TD etc. Where did you get your info??
If it’s a. Farm in by a super major ie like of total or shell who can take operatorship and can commit to A drilling programme then I don’t see why we cannot 10 bag
Would I be wrong to say a find by any of the two majors drilling currently wil easily 10 bag our share price as this will get farm in partners queuing up at the door? Plus a 10 bag here is only a 40 m mcap so can't see why not when we have 2.9b to offer
Target drill depth was reached the week of 20th December 2021. So the last 2 weeks they would have been data gathering and taking various logs and analysing the prospective success of the basin and it’s commerciality. I am quietly confident that Venus could be a game changer for Namibia if it comes in but let’s wait for the drill results from Total this could start to get interesting next week as I feel results could be due by the end of next week. Now if successful how much of Venus success contributes to a sp rise for GBP…………