The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
”High activity level with nomerous catalysts in the next 12-18 months ”.
2024
Q2 AOI ”friendly exit”?
Q2- Guyana/Venzuela conflict ?
Q2- 3B4B Total court case ?
Q2 Walvis 2D3D servey result +/-?
Q2- 2B Production Right?
Q3-? Orinduik farm out success?
2025
Q1-? 3B4B-1x well Total drilling
Q3-? Orinduik-3x well drilling
? Walvis farm out success?
Https://oilprice.com/Energy/Energy-General/TotalEnergies-South-Africa-Ambitions-Wise-or-Risky.html
Todays uppdaterad
TotalEnergies and QatarEnergy 60:40) has relinquished their 25% WI for strategic reasons and will not participate in the next phase, the former TOQAP Guyana B.V 25% WI will be assigned to Eco Guyana. Subject to the requisite government notifications, Eco will remain the Operator holding 40% WI in Orinduik License as Eco Guyana and 60% WI as Eco Orinduik BV.
Block 2B SA ???????????
https://youtu.be/N3T9X2xSJcU?si=GddG9sHjYmxUQi5A
ECO sale of a partial interest (6.25) to Africa Oil. The price paid by Africa Oil has been broken down into four elements: $2.5 million within 30 days after the signing of the LoI; $2.5 million when the government approves the transfer; $4 million upon completion of a farm-out deal; and $1.5 million when the first exploration well starts drilling.
”We look forward to presenting at the Echelon Wealth Partners' International Oil & Gas Conference on 15 June 2023.”
”We look forward to presenting at the Echelon Wealth Partners' International Oil & Gas Conference on 15 June 2023.
Eco’s CEO, Gil Holzman, will be presenting at 13:30-14:30 EST to discuss the Co’s exciting portfolio offshore Guyana, Namibia and South Africa.”
Africa Energy :
”On May 10, 2023, the Company notified the joint venture partners on Block 2B of its intention to withdraw from future Block 2B operations.”
Presentation dec 2022:
Target section at Gazania-1 was encountered very close to prognosed depth, N:G and porosity
• Although elevated wet background gas and oil show indicate that some petroleum passed through this location, the well did not encounter a commercial oil accumulation
• Analysis of the log and core data is still ongoing, but it appears that the reservoir is texturally and compositionally immature and likely associated with sub- commercial permeability
Updated Final Environmental Impact Assessment Report (EIA) Report to Support the Application for Renewal of the Environmental Clearance Certificate (ECC) No. 00511 Granted On the 29th January 2020 and Expire on the 29th January 2023 for Proposed Multiple Five (5) Wells Drilling Operations in the Petroleum Exploration License (PEL) No. 44, Block 2212B, Offshore, Walvis Basin and Logistic Support Port of Walvis Bay (Shore Base) and Walvis Bay International Airport / Arandis Airport (Aviation Base)
Up-dates November 2022
Maurel & Prom 2023 PEL 44, Block 2212B Walvis
Five-well drilling campaign lined up for 2023 in Namibia's Walvis basin Planned Spud Date of the 1st Well: 4th Quarter (Q4) 2023.
Nov 2022: Updated Final Environmental Impact
”M & P Namibia (Pty) Ltd and partners intends to drill multiple wells within PEL No. 44 starting with an initial five (5) wells drilling programme. The decision to drill all the proposed initial five (5) wells as well as the drilling of additional more wells will be subject to the positive outcomes of the first two (2) wells that will be drilled.”
”i) Aurora 1: X (m) 254481, Y(m) 7487126 and water depth -1272 m.
(ii) Aurora 2: X (m) 254481, Y(m) 7487126 and water depth -1225 m.
(iii) Serenade 1: X (m) 265826, Y(m) 7488567 and water depth -926 m.
(iv) Serenade 2: X (m) 265959, Y(m) 7487732 and water depth -930 m. and
(v) Harmony 1: X (m) 262656, Y (m) 7486971 and water depth -1030 m”
”Maurel & Prom Group through its wholly owned subsidiary of M & P Namibia (Pty) Ltd, (the proponent) holds 85% operatorship interest in PEL No. 44 and the other partners are:
? National Petroleum Corporation of Namibia 8%.
? Livingstone Mining Resource Development 4%, and.
? Frontier Mineral Resources 3%.”
”Maurel & Prom is an oil and gas exploration and production company listed on the regulated market of Euronext Paris (www.maureletprom.fr/en/). With a history of almost two centuries, Maurel & Prom has, both at its headquarters in Paris and in its subsidiaries, a solid technical expertise and a long operational experience, especially in Africa.
The Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. The Group also holds a 20.46% stake in Seplat, one of Nigeria’s main operators that is listed on the stock exchanges of London and Lagos. Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina.”
PEL 44, Block 2212B is located near ECOs licenses PEL 33 Sharon, PEL 34 Guy and PEL 50 Tamar.