RE: Namibia8 Jul 2020 10:01
Brig, what makes you think we will receive news on Namibia in days? The last we heard from the company last month was that major is still interested but on backburner for now..... I am very positive about TRP, despite some delays, and still topping up when funds available
"In Namibia, the new petroleum agreement that we signed in 2018 in respect of blocks 1910A, 1911 and 1912B covering 23,297km2 in the Walvis Basin and Dolphin Graben, culminated in the issue of license PEL 96 during the course of 2019. We completed negotiation of the JOA with Namcor and our local partners, and we also received an unsolicited approach from a major oil company regarding the license in the second half of 2019. That company has told us that they remain interested in working on this project, but have not prioritised it during the first half of 2020, and we expect discussions with them to remain on the back burner in the second half of the year, or at least until the pandemic situation is clearer. This has not affected our own plans for the license, and we await with great interest the outcome of the wells currently being prepared in the area."