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We have seen a significant rise recently and the sp has held on fairly well considering the rise has not been on news from the company, but hopeful of a positive out come
We have had notice from the company that we have made initial contact with counterparties with regard to farming out licences PEL29 and 94 and twice more on consecutive quarterly reports that further contacts have been made
Some of us are confident that a deal will result soon and from previous research, believe Azinam may be involved
Currently a deal could be announced at anytime . There is a significant conference on the 26th in Oslo which may be a platform players want to highlight their plans going forward this year to investors and deals may be concluded ahead of that conference. Failing that, companies may want to deal ahead of up coming wells in April
Potential investors need to make up their mind .....in or out
Personally I wouldn't want to be out over the weekend or any other time ;--))
Can I ask is there any reason why this SP has gone down over the last few days - I can’t seem to find one!
Don't know but this has been going on for years and lawyers are not cheap, nor is company time, certainly if it were in Lira it would be in the millions ;-)
How much could we expect in compo
I can agree with that Wraith ;-)
Regarding the Italian applications, the company has said before they will be looking for back costs from those appealing the applications
Equally if the Italian have been found wrong to allow such applications GBP will be filling for back costs from the Italian government
I think they call it a win win ;-)
Market Cap £3m,....don't view that, as pumped up, myself, Rocket13,.....with the acreage, GBP are sitting on, "Under The Radar",more like it (just as PET were, when I was buying them, at s/p@1.12p).....once we get our farm out, you will not be buying GBP shares, at these s/p levels,....there aren't that many, shares in issue,........the BOD hold a large percentage, of GBP shares,.........also, Long Term shareholders, like myself, are unlikely to sell, at these historically, very low s/p levels, (imo).
BW
Nothing priced in here for the Italian applications, as they are just that
However the case has now been referred to the EU Court of Justice
https://www.reuters.com/article/us-italy-drilling-courts/italian-court-asks-eu-to-rule-in-oil-gas-permits-dispute-idUSKBN2072MF
Already we have seen last week AEC raise $25m, Impact Oil & Gas raise $40m all for investing in Namibia and S/Africa there is a wall of money coming to Namibia and S/Africa on the back of the Brulppada discovery.
Total, Exxon, Shell and Galp all drilling wells this year committing millions of dollars. There are more deals about to surface ahead of the up coming wells committing further exploration dollars. The tide is about to turn imo
End of April will be too late with some luck :-)
I think / hope this is going back down to 1.20p - 1.30p.
I would like to top up before the start of April 2020.
GLA.
A tight spread in a micro cap normally means they need buyers , wide spread means they are looking for cheap shares and not looking for buyers
Agreed M, this is a process that has been going on for sometime now and both GBP & TRP have been involved it looks from the start and looks to be a strategic play by the Peters and JA
Here is another interesting link page 13 from December 2019, regarding Eco and a farmout . Suggests a much bigger player or players....can't just be Seapulse
http://ow.ly/gYY550wGDSF
Certainly Azinam are involved, which means Seapulse/Enquest......and a major Exxon ?
By the by Exxon are soon to move into new offices in Windhoek,there must be a street there where the oilers hang out including the Ministry of Mines and Energy and Namcor
Lundin, Galp,AEC, AOI, ECO, Azinam are all presenting in Oslo on the 26th, will there be news ahead of this ?? We are this close imo
Raises a question.
What is important about TRP and GBP in this presentation over the likes of let’s say Oranto Petroleum?
Delivered in May and within the window where initial contacts were made.
TRP following a 4 year absence have held for just 7 or so months and yet to be assigned a PEL number yet already around this time we now know a Major began sniffing around them.
Here is a slide from an Azinam presentation at the Africa E&P Summit May 2019, accept here is Gil from Eco using the same slide at the Oil and Gas Council conference in June 2019
https://pbs.twimg.com/media/D96r32gXUAEVCMz.jpg
The Azinam link is no longer available, but this was the first time Global and TRP (shown in the top left hand corner)have been shown on a presentation map by another company and has only been available to the industry. If you look at their website presentations there is no sign of GBP or TRP.
The mm's look like they are expecting news imo
Also goes to N/T for under £990 worth
The first 8 trades this morning were B/S imo
They are clearly looking for cheap shares , are we getting close to news ????
Now you can sell 300k @1.43p ......jokers ;-)
We have been debating a case that Azinam are part of a farmout deal with GBP, which may include a major
So it is quite timely that Azinam posted the link below on LinkedIn this morning
"Azinam is the leading independent oil and gas company offshore Southern Africa with an active and growing licence position"
Southern Africa is the term Azinam use for Namibia and S/Africa........and they have an active and growing licence position
Azinam are presenting on the 26th along with several other Namibian players are they going to elaborate on the growing licence position ? and is there going to be news relating to the growing licence position before then
lol, pumped up...your having a laugh, right - £2m mcap
Rocket thanks for your wisdom regarding the sp fluctuations of TRP..... it is much appreciated
However I think you have posted on the wrong BB ;-)
Just got this from LinkedIn ;--)
Azinam is the leading independent oil and gas company offshore Southern Africa with an active and growing licence position.
https://www.linkedin.com/feed/?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BKrRsqleTS3uZDY9d1OpLxA%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_feed-update_image&lici=pBf0%2FOdY7USGJBa0AInfVQ%3D%3D#
Here is another Azinam presentation from March and the balloon chart still doesn't show targets 5&6
http://www.azinam.com/wp-content/uploads/2019/03/Azinam-Deepwater-ES-Africa-Congress-Presentation.pdf
The updated chart doesn't come until Aprils presentation, which is when we were told about counter parties
Azinamkanaziham make my wish come true.. ;-)
Try tick tock
Certainly something stirring here. Tick tick.