Member Info for BondSan

well there's Namibia , interest building again. who knows - deeper Aptian horizons might hold substantial prospects. Chariot Block is relatively far out on the shelf too

https://appex.aapg.org/2020/program/program

Chariot presenting. a good slot after the African conjugate margin overview

I topped up again at 4.20 pm today on that pullback and the trade showed as red

https://www.omv.com/en/news/190519-25-years-of-partnership-with-abu-dhabi

Abu Dhabi Govt - IPIC etc own nearly 25% of OMV ... who want MOL

80 million+ per deep water well in 2012, 20 million today, now wonder Exxon and Total etc are so active in Guyana and S Africa + hopefully in Namibia soon. 3 or 4 for the price of one

but his 700k is one of the bigger Director buys ive seen since the Oil minnow boom of 2009-2012

should add that it imo , may have been out of neccessity to retain control of TRP to prevent a lowball t/o

JA was a buyer of GKP shares at 6p in 2009 shortly before the Shaikan dscovery . It went to 120p . He then made another large buy at 84p. Not sure whether or how much he still holds. He has multiple interests and used to be head oil trader at Glencore. so to put in 700k when the Co. appears to be priced to fail is noteworthy. There is a cross sectional diagram of a deep anticline on the njonji license which may have piqued his interest along with the early mover Namibia option. this does not mean im suggesting that TRP will do a GKP . but his 700k is one of the bigger Director buys ive seen since the Oil minnow boom of 2009-2012

well it did post something useful - a reminder of what Tower thought back in 2013 that the Beta , Gamma , Alpha Delta leads in the Namibia blocks had up to 11 Billion barrels of Oil potential in a best case scenario. The Repsol drill some felt stopped short of the deep target. When you include the Global Petroleum leads adjacent to TRP it would not be surprising if a Major came back for detailed seismic of the area. the Leads are very big in surface area

F off

mkt cap largely cash but its nt quite enough to do something meaningful. especially offshore. A merger with another African focused company might make more sense. Sterling Energy maybe. Or a small producer. Char Ceo waiting for boost from Namibia drills such as Total Venus well - although much further south. Chars Northern Namibia block was relinquished and then taken by Exxon . So it might be just a waiting game

bought more of these today in the high 40s. a few people in recent weeks have been dismissing Thali as only 18 million barrels - but as I understand thats for the Njonji appraisal prospect in the south of the license. if successful , would in theory produce 7,000 bopd for 7 yrs. Although it doesnt work like that in reality , in a green light case , id still expect them to want to go for as much daily production as possible for the first 2 -3 yrs for the cash flows even if it means less recoverable over a longer period . maybe into an FSP Unit . and if the Ceo can manage to do the deal for a drill without dilution at these prices it should have a chain reaction effect with potential for drills of the 110 million barrels estimated for the leads and prospects in the North of the Thali license to be proven up.

very annoying to be under 3p again . another placing I wonder? must be priced at / below cash again . maybe they should merge or sell up

2 payments due in January supposedly ...so tommorow 31st is last day. SP always seems to drop in the days before. lets see

Steady on this is no Afren.

I dont think so either ...that was my point.

should have read

would every Oil Major and P Equity group sit on the sidelines awaiting the unlikely event of administration when a CNPC or other NOC might step in ?

true Auson - the Bondholders ... i guess i was referring to a Take over situation. Yes Tullows Debt is huge and yes every Oil Major could sit there and watch Tullow do an Afren but will it ? would every Oil Major and P Equity group sit on the sidelines in the unlikely event of administration ? I think Tullow has too many options to sell assets and reduce debt compared to Afren where almost all their production was dependant on Ebok

Bondsan,

He most certainly can loose, the clues in your own username !
Charts looking good today so far !

patience of a saint needed here. it does seem to be building a base for another run up. 1 trade just logged so might be some news this week

Mr 10% cant really lose . can hold long term , can sell his stake to a Major for a T/o or can keep adding if it goes lower . Id be surprised if the Peru drill doesnt come in good. nearby onshore basin has produced 1.7 billion bbls to date.

looks like 300m deep reservoir just for Kurre Chine B in Triassic - or is it 100m ? not sure whether both red zone and orange layers above and below it are reservoir. the text suggests 300m . its v substantial either way

Look at slide #49 etc. Where GKP are telling people that the Triassic (KCB in particular) is a massive reservoir.

https://www.gulfkeystone.com/media/120457/gkp-cme-presentation-vfinal.-28.03.2019.pdf

GKP Pareto presentation this week shows 3P Gross reserves of 908 million bbls. if all produced would average 50,000 bopd every day for 50 yrs. or 100,000 bopd every day for 25 years. Thats the average - without further pure exploration drills , or changes to CPR re. recoverable oil / fracture porosity etc. In reality production isnt a constant - its a ramp up , 3 or 4 years of peak production then a long tail off . but one would be forgiven for thinking they dont need to spend any more on exploration