Orange Basin16 Aug 2022 14:14
Encouraging comments made by CEO of Global in their last update relating to the Orange Basin (June):
"In Namibia, although companies will naturally be looking first at the Orange Basin, we are encouraged by the quality of the parties who have shown interest in our farmout of PEL 94. Our analysis is that there are very few attractive, available blocks in the Orange Basin and there is great competition for them. We think that Global holds one of the most prospective blocks in the Namibian offshore for the reasons we set out in this Announcement, and we firmly believe that our patience will pay off."