Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Agreed and we know they are in talks with potential Farm in partners, perhaps its leaked? Or is there a full buy out on the cards from a Major? 1p on the offer so its going to blow soon.
Prospective resources on the licence are 3.5 billion barrels, unrisked……and, net to GBP and fully risked, there are prospective resources of 326 million barrels.
https://www.energy-pedia.com/news/namibia/global-petroleum-announces-increase-in-prospective-resources-estimate-for-the-marula-prospect-in-namibian-licence-pel0094
That is an enormous upside, given the derisory market cap - all they need to a partner to either cut them a decent carry or, alternatively, take the company out completely.
.94 paid now when will people see the sale potential here the upside is monumental... 2p first target
Cant buy anything more than a grand atm
I reckon it will be a clean buy out tbh, Majors will scoop this up to increase acreage, We all know GBP has one of the best spots, its now how much is it worth? 10,20,100?
Major partnership trigger it multi bags.
0.9 now to buy!
1p, now that would be good from here
TRP Flat
Just remember how quickly this rerated to 2 from .7 last time there was a whiff of movement in Namibia now there is!
88 paid now
Great article, I see this cruising past 1p today once people understand the shift in dynamics, the intrinsic value here is based on majors making moves and Chevron aren't the first to get things going. Lets see what happens from here, 87 paid
Https://www.upstreamonline.com/exploration/chevron-fires-opening-salvo-in-battle-over-new-namibia-exploration-play/2-1-1635016
Chevron has fired the first shot in what is set to be an upcoming battle between supermajors to secure access to promising oil and gas acreage in Namibia's next big offshore exploration play — the Walvis basin.
As a result, supermajors and independents are scanning the potential of the Walvis basin to the north, and like what they see...
Time to buy and hold for substantial reward.
GBP Tony market cap and farm in agreed .Update imminent.
GBP now up 50%
TRP still flat with no shares available
Expect fireworks soon
Multi bags potential.
Farm to n deal is great news for holders. Stick with GBP you will be rewarded substantially. Everything was agreed and their official update was imminent. https://finance.yahoo.com/news/1-namibias-namcor-signs-deal-073628319.html
They could all do well though off the back of this news
Global with a market cap of only 1.2m find themselves in the middle of a resurgent Namibia oil fest.
TRP fully funded Nambia play
Far safer option
Fully funded
With 100% owned Nambia licenses
UPDATE 2-Namibia's NAMCOR signs deal with Chevron to develop offshore block
https://finance.yahoo.com/news/1-namibias-namcor-signs-deal-073628319.html
Loss after tax US$3,164 (2022: loss US$695,619) reflecting ongoing exploration expenditure in Namibia;
· Cash balance at year end US$ 597,365 (31 December 2022: US$ 356,389);
· Costs and overheads minimised during the period;
· Equity raise of £250,000 gross proceeds in August 2023, following confirmation of entering the First Renewal Period by the Namibian authorities, with a further fundraise of £253,000 in November 2023.
No but no sell
SecretSquirrels,
Someone obviously decided to chuck £5K at it to see what happens !
Lets see if there's any more smoke around.
LOTM