Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The recent liquidity during the de-listing period of the ASX, seems to have dried up
A fact that didn't change is the small free float due to c.45% of shares tightly held by the BoD
MM's continuing their search for shares in size, online bid now .795 ;-)
Have to correct the last post ;-)
From a previous rns..The 6th was the last day for trading the shares on the ASX and the 8th is the official leaving day
"Global will seek to maintain its listing on ASX for one month after the Notice is sent to all Australian Shareholders. On the basis that the requisite Notice is duly sent to all Australian Shareholders on 5 June 2020, Global has requested that the Nominated Time for the Company's removal from the Official List be 4.00 p.m. (AEST) 8 July 2020. Assuming a delisting date of 8 July, trading in Global's ordinary shares on ASX would continue on an uninterrupted basis until 6 July 2020 which would be the last trading date of shares on ASX."
So we have another day on the ASX, would have thought that those leaving will have done so, as the 6th was the target day for the de-listing .....onwards and upwards ;-)
In case some haven't seen this before, Envoi borrowed this image from a geologist working for Serica in the region and explains the new concept since the Brulpadda discovery
https://www.linkedin.com/posts/envoi-limited_namibia-geology-oilandgas-activity-6610195449791991809-ITsk/
Exactly M, that is what I am hearing (even just this weekend) , those drilling above the regional seal have experienced lateral migration issues and the focus is now on deepwater plays testing the Aptian seal.
Azinam are dropping high risk blocks in shallower waters and moving into deepwater blocks. Funny Exxon and AziNam have both walked from PEL44...... Not only that, but Galp and Exxon paid for a 3D acquisition over PEL44 at a cost of $millions and still walked ;-)
Hmmmm, Exxon, Galp and Azinam, now there is a coincidence
All plays directly into what we have been saying here for sometime ??? ;--)
Imo only.. 2+2+2=?
Reports of the likes of Exxon rushing to expand acreage in this new frontier v Azinam, PCL, ECO as examples having their vast acreage debunked in the shallower waters within a proven oil system as those prospects sit above the seal suffering significant lateral migration issues. It seems there are a handful of companies left with prospects below the seal and most likely to be trapped and GBP is one of them. A flurry of ‘contacts with counterparties’ stated in 3 quarterly reports, prospects are up dip, 3 way dip closed structural traps with hydrocarbon indicators.. what’s not to like now they know what they know?
MM's certainly changed their tune, giving shares away last week now want them back ;-))
Can sell 1m shares online .............
Something has changed, we are now de-listed from the ASX, no big sell off
But the online bid is .762 and mm's looking to buy in size this morning
Maybe of interest ....Halliburton on Venus 1
https://view.joomag.com/exploration-insights-july-august-2020/0649715001593674639?short&
The Deepsea Stavanger is enroute to S/A
https://www.africaenergycorp.com/news-releases/africa-energy-announces-odfjell-rig-mobilization-122590/
The conference link I posted the other day with a free ticket looks to have been a scam
Time changed last minute to this morning and would cost £500, lucky no details were given
Expect the revised resource numbers that should facilitate farmout by the company news soon after the de-listing
"Regarding the pre-existing 3D seismic data in PEL 0094, in April 2020 an agreement was reached with state oil company, NAMCOR, to license this key data, which was acquired by previous licensees in 2010. The data covers the Company's Welwitschia Deep prospect and Marula lead and will enable precise mapping of these features which will result in updated Prospective Resources and chances of success for Welwitschia Deep and Marula, and thus should facilitate farmout by the Company."