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Mmmm showing 7.66% rise at the moment - interesting!
Google finance chart looking promising at the moment for GBP
I'm obliged to a poster on another Chat Site for the following:-
"From the Annual Report: August 2021 - post the reporting period - Global notified the Ministry of its intention to enter into the remaining one year of the Initial Exploration Period, expiring in September 2022. The commitment for this period is to shoot a new 2,000 square kilometre 3D seismic data survey, which the Company intends to fund via a farm-out. The Company expects to be able to secure a further one-year extension to the Initial Exploration Period (to September 2023) if necessary, based on the precedent of PEL0029 and that of other companies holding exploration licences offshore Namibia."
So there we have it, Geowiz has been constantly deramping GBP and spreading the false narrative regarding GBP's PEL 94. As I have previously posted, in order to run a Sales / Bidding process, there needs to be a pre qualification of a company's assets. Shell and Total have issued brief information on Graff 1 and Venus 1 finds, it is just a question of time before they reveal the true extent of their Namibian oil & gas finds.
GLA.
He’s trying again but I think it’s falling on deaf ears now .
Bored of the same stuff
Yeah 6-8 weeks might be an eternity in AIM, but it's not actually that long in the real world.
So far the perfect share this one, I know some will try their hardest to deramp just to keep it low or buy in cheaper, but ppl can try, people should look up the company and make the town judgements,
Two majors hit oil large amounts on the same source rock,
We already had a few Interested partners last year who were waiting in these results,
We have money in the bank
Farm out bids in by end of April so a proper plan in action,
We have a total license on offer of 2.9billion massive
All this to come at a small share price, easily 10 bag here
CEO did state a major approached gbp last year so why not now when two majors have hit oil on the same source rock, anyways this doesn't need a major as long as we a get descent partner who can carry out the work,
A little patience needed, wait until end of April for indications on the level of interest and go from there. Hopefully in May we'll discover that Jackie got another one right (inspired guesswork or ears in the right places?) and at least one of the majors is eager to snap this up!
It's unlikely much will change until then.
GLA.
Massive let down this one.
Given the energy crisis crippling the UK due to our clear lack of oil resources after they were all sold off cheap, perhaps the UK energy minister could have a word with Rushi and get him to invest half a billion into GBP. As much as we all dream of an "oil free" world, it is not going to happen for a number of decades, so the energy crisis is here to stay.
After all, this half billion investment would be chump change compared to the 8 billion plus that got flittered away during covid and would make a major productive contribution towards cheaper UK energy prices. GBP would then be in a position to do all the drilling work itself and own all the oil coming out of the ground, thus a win, win for the company and the UK government.
The condition would be though that none of this energy being sold back into the global wholesale market, but rather used to secure UK energy for the next 50 years at a reasonable price for consumers.
UK government using our tax money to benefit us all, now that would be very nice!
Geowiz - I just had a quick look at your recent LSE posts, everyone one of the posts on small oil companies was negative. What is it about AIM listed oil companies that causes you to continually criticise them? Are you a former Geologist who had bad experiences with small oil companies?
My point is that in order to run a sales process, the details of assets to be sold / bid on need to be fully disclosed to interested parties. Neither you or I know the T&C's relating to the PEL, but clearly GBP's CEO (a former City Lawyer) does. There is a further point to be made here and that is Force Majeure, the Covid 19 pandemic shut down large parts of the world & industry down for over 18 months, farm in processes could not be run during this period. I would have thought that Peter Hill (Oxbridge educated & trained at Clifford Chance) has legal arguments ready to be used.
Btw, I saw yesterday that the majority of your posts on LSE during the last 30 days were on GBP, has the share price now fallen to a level where "it is worth a punt" for you? Or are you looking for a lower entry point?
So IO, your ‘narrative’ is that the extension is nailed on certainty and there’s no doubt it’ll be awarded beyond September? Even if they haven’t shot the 3D or got a partner by then.
Geowiz - You are repeating a false narrative which does not stand up to scrutiny.
A sales / bidding process cannot be run if there is not a pre qualification of the assets to be sold / bid on. Are you aware of what an IM is?
Looking at your LSE posting history, you appear to dislike GBP with a vengeance, I wonder why?
Of course nothing has happened
Who’s going to farm into a part block when if they wait a few weeks they can get 100 pct from Namcor.
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It is what it is ,there is nothing to say for a few weeks.
Towards the end of April things might get exciting here .
I really don't think there is anything to communicate apart from they are waiting on the farm out bids which is in the open, shell total drilling was rns'd by the company but seriously what do people want the comp at to communicate at this stage?
Understand the company haven't said much and that's probably because nothing has happend so far lol,
The man Hill is certainly beyond arrogant in his disdain for communicating with the shareholders and in his continual placings to enable him to pay himself. He could take a leaf out of the TRP book where the board is paid in warrants, in effect sharing the risk with the investors.
Well basically it's a very high risk, very high reward investment. It's not for widows or orphans.
I don't really like the culture of the company. They have a huge disdain for the shareholders. But having said that, they might of lucked out big time.
They're sitting on a reasonably peachy Namibian prospect. Not the best, but a seat at the table non the less.
Overnight Namibia has become THE hottest property in the oil industry. AND they've managed to do it amid a global energy crisis.
Like I said, it's not an investment for widows or orphans. But the odds of someone taking a punt on us must be pretty high I would think.
It might not be a super major, more likely a mid-cap. Well obviously it might not happen. It is a ****ty company run by a bunch of lifestyle muppets. But surely even a bunch of lifestyle muppets will realise that they're sitting on a golden goose.
I also once had alot of money but I spent it on a house car and a business so have less in the bank now
What happened to the £16m GBP had in the bank? The directors have done VERY WELL.
Well dumb move sold too cheap, now it's on way back up to farm out news
traders, you can identify them tomorrow when they start de-ramping to buy again.
Dumping .Who is selling so many shares .