Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good news med term for farmin
Bad news short term for another month
if Jackie1 post 'Farm in deal advancing could be in for a surprise Oil industry major' is true.
it seems gbp has received some guests regarding farm in and they want to widen their choices and make the deal at least seem acceptable what ever the major has asked for. CEO need to make the last effort to get better deal through this webinar and extra time for other applicants.
https://us5.campaign-archive.com/?u=de005c9abee16f0ec5f4146b9&id=87c9c98601
Does this mean they have not any much luck in finding Farm in Partners?
Well stated OIG that has shut Geowhizz up, lets hope once and for all!
ogm4, thanks for the tip. Graf1 and Venues results delayed by one month, the bid dead line will be delayed by one month. Very fair decision to allow every one to have time to study the situation and lead to clear negotiations.
The Idea of licence renewal problem is from another world. Qatar energies and Exon mobile will be the most beneficiaries of this decision as they don't have the data available to total and shell.
Spike 66 - I am obliged to you, thank you.
Bishop190 - I have enjoyed reading your posts in the past but it would appear from your posts today that you do not understand that GBP can renew its Namibian PEL in September 2022, unbelievable.
GLA
Bid round extended as more companies came in but still doing due diligence, more time to allow them to bid aswell, maybe try contacting the company bishop before you mouth off posting false nonsense
see*
Hmmm, we shall :-)
Bishop… if it helps, the initial 4 year licence is simply coming up to its first renewal in September 2022. Usual procedure is for the renewal to be granted if requested by the holder. I was accused of saying this was a “certainty” a few weeks ago and I accept the criticism. I would say that it is a near certainty though. The PEL29 licence was renewed twice, meaning that it was held by GBP for 10 years before it expired and could not be extended again under Namibian law. Hope this helps :)
“Sorry, we have no bids so we will extend the deadline”.
The money I have in here I consider to be a write off unless there’s concrete evidence from the company that the licence has been extended beyond September, so far I have seen no such evidence.
So Jackie and IOG can ramp it as much as they want but it makes no difference, no licence = no value.
Bid round extended to let/allow big boys in and others who maybe now interested, why not great move by the bod to get more companies on board, let the bidding war begin and let's get the best deal on the table,
Listen to mugs like geowiz and lose out, when 2.9billion is being offered for farm out on a proven source rock by two majors, seriously you have to be a right idiot to even think that gbp won't a get a partner,
This is very good news for the wider region imo
Also Namcor board member joined Total Namibia recently
Geowiz - You posted on the LSE BLOE chat page yesterday:-
"At some point if the price is low enough almost everything becomes worth a punt. You could say the BOD have set it up nicely for newbie investors".
So there we have it, I think it is clear what your MO is.
I think it is fair to say that you have been hoisted by your own petard.
GLA.
So, the obvious question needs to be asked, why would potential farm in partners be interested in participating in the GBP bidding process IF the PEL was expiring in September 2022?
Geowiz - you might want to focus the deramping the numerous other AIM listed oil shares you post on. What I have found strange is that you say that own Shell shares but you don't appear to have posted anything on the LSE Shell Chat Page since the Graff 1 discovery, I thought you would have something to say about the discovery?
We ( & potential farm in partners) await details of the Venus 1 and Graff 1 discoveries, I understand that Shell (Geowiz please correct me if I'm wrong) is currently drilling Graff 2 some 7km away from Graff 1.
GLA.
Incoming !.....
Namibian government urges supermajors to fast-track huge Venus and Graff finds
Namibia's Energy Minister Tom Alweendo wants TotalEnergies and Shell to move fast to tap their Venus and Graff oil discoveries
10 March 2022 10:36 GMT UPDATED 10 March 2022 10:46 GMT
By Iain Esau
and Russell McCulley
in London and Houston
https://www.upstreamonline.com/field-development/namibian-government-urges-supermajors-to-fast-track-huge-venus-and-graff-finds/2-1-1181848
There’s only one false narrative on this board
Let’s stick to facts:
Firstly, as it stands the licence ends in September.
Secondly, there’s no farmin offer on the table hence the extension.
Surprised it wasn’t RNS’d though.
Obviously this needs a firm extension agreement to attract a partner at this late stage.
Bids typically get extended in my experience when there is sufficient interest by various parties and/or in combination with more engineering work to be done by the interested parties themselves.
The recent successes of Total and Shell's Graff and Venus wells no doubt pulled some more interested companies over the line wanting also to participate in the bids last minute.
All in all bodes well.
The extension of the Bid deadline until end of April 2022 puts to be bed Geowiz's false narrative of GBP's PEL expiring in September 2022.
Majors will eager to find new oil & gas reserves in safe, secure and business friendly countries.
GLA
I did wonder if that might happen. I imagine the reason is that the negotiations will be clearer after more is learned about the commercial viability of Graff & Venus. So the parties to the bid, on both sides, will be looking for more news from Shell & TotalEnergies following their appraisal work. Being honest, April 30th might still be a tad early ? On the positive side, if Shell or Total bring good news, that would strengthen GBPs bargaining position quite substantially and bring better value for shareholders. :)
Just go into PVE consulting website and scroll down to GBP and hit learn.......opens up the new schedule
Do you have a link ? I can't find it again on the website. Surely this should be RNS'd!
Also what is the true holding of ETX/Monecur ? Last TR1 shows them at 55M but website shows 24M , Needs clearing up ASAP!!
been extended to 30th April......PVE Consulting farm in slides updated.
More intel on Namibia...
Sintana Announces Closing of Oversubscribed Public Offering to Raise Gross Proceeds of $13,282,500 and Completion of Acquisition of Petroleum Exploration License Interests in Namibia
Tuesday, March 8, 2022, 4:35 PM MST
https://www.jwnenergy.com/press-release/6227ee05e36cc730c390a05d/
Mug