Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
My view is that it is a done deal, Institutional shareholders will give their backing and a lot of PI's will not vote. The distribution of the January 2022 Phoenix shares sale, sugars the pill imo.
Out of interest I clicked on Geowiz's username.
In the last 30 days, 13 posts on GBP, 11 posts on BLOE and 7 WEN, there were other posts on other AIM listed oilers. I started to read some of the posts but was overcome by the negativity so I had to stop reading them.
It would appear that Geowiz focuses his / her posts on Global Petroleum, I wonder why?
Geowiz - I have to say that your deramping is becoming increasingly desperate, you keep repeating the same deramp time and time again. I'm not a Lawyer, but I would have thought that the global pandemic might be grounds for Peter Hill to use a force majeure argument for extending the existing licence, I'm sure that our oxbridge educated, former city lawyer is working on grounds for extending the license.
Venus 1 results will hopefully arrive during the next week and it appears that Shell have started drilling Graff 2.....splendid !
GLA
CBB - Please see announcement on 28 January 2022, Abrdn sells 4% stake in Phoenix Group for £264 million, funds to be distributed to shareholders, details to be confirmed.
Geowiz has been on this chat page for the last 4 to 5 years using various deramping narratives, they alternate between the company needs to raise capital to the licence is running out. GBP has had a Data Room open for months for the farm in process, do GBP shareholders not think that Peter Hill has dealt with this fundamental question? Look back in time and you will see that Peter Hill has cultivated a pragmatic working relationship with NAMCOR.
Finally, please click on Geowiz's username, you will see that he/she exclusively deramps AIM listed oil companies.
GLA.
Exactly Spike66, why would Shell want to share the details of what they have found at Graff1 ? That could potential adversely effect any commercial discussions that they may have with other Namibian PEL owners. Graff 1 is classified as an "oil find", will Venus 1 also be classified as an "oil find"....time will tell.
GLA
"I think its a legitimate comment on the government buying in to a discovery" - PollyWold
The Namibian Government are holding a press conference today to announce the results of Shell's Graff 1, have you not done any research on how long the Namibian Government have been working with oil companies to exploit potentially world class oil & gas deposits ? Are you suggesting that this has all been a game, the Namibian Govt intend building wind farms instead of developing oil & gas fields?
Derampers out in force this morning, expecting Geowiz to rock up next!
GLA
"A major discovery is all well and good but getting government approval for it to proceed is another thing. Hopefully they will and use the profits to fund other, more environmentally sustainable projects to set them up for the future" andy216
That has got to be the worst GBP deramp that I have read in the last 10 years, the Namibian Government have been working tirelessly to untap potentially world class oil & gas deposits. Their Neighbour to the South, South Africa has discovered huge oil & gas fields and their neighbour to the north, Angola is now exporting in millions of barrels of oil.
The Government has called a press conference for today, why? To make a significant announcement on the Graff 1 Shell drill !!
GL to all GBP shareholders.
MM's performing a "Tree shake" this morning, that's a good sign in my opinion.
GLA
Where is Geowiz ?
He / she has been deramping GBP for over 4 years but has stopped GBP posting in the last 24 hours ?
GLA
GBP has four Italian Permit Applications ongoing, the company is currently consulting with advisers regarding the best way forward.
Geowiz - Your deramping is going in to over drive as Total / Shell drill deeper & deeper. May be you are concerned over GBP shareholders losing money, fear not for me, my investments in GBP are covered by profits on another AIM listed oil share.
GLA
Geowiz - probably best to give up on your predictions on the timing of results, it is the hands of Total & Shell. I cannot fathom as to why you are so interested in the timing of results when you've previously stated that you do not own GBP shares. Have you now acquired some shares or are you looking to buy?
GLA
Click on Geowiz's username, read his /her deramping posts on small oil companies. Claimed to own Char & Trp shares but I don't recall seeing Geo post on those chat pages.
Geowiz has been deramping GBP for over 4 years to my knowledge, he /she subjects other AIM listed oil shares to the same treatment given to GBP.
Lots of speculation over the years about paid derampers.
GLA
Geowiz - Have you now taken the plunge and bought GBP shares?
GLA
Spike66 - Total spudded first week in December 2021, I think they are drilling the deeper well, possible 70 day programme?
Shell spudded second week of December 2021 ?? Shell's well is not as deep as Total's, possible 60 day programme?
Lots of speculation will be swirling around in the coming days & weeks, we can rest assured that Geowiz will be deramping GBP as much as he / she can.
GLA.
"The wells will be at target by now I suspect" - Geowiz on 17th January 2022
Geowiz your first LSE GBP Chat post of 2022 said results were imminent, your second post a few days later said that results were due by the end of the month and today you've posted that you suspect that "the wells will be at target by now"......please make you mind up !! I must say that the quality of your GBP deramping has deteriorated over the years.
My understanding is that Total & Shell commenced offshore drilling in the first / second week of December 2021, the estimated drill schedules were 60 - 70 days. If my information is correct, the drills are approximately 50% through their scheduled drilling programmes. Where do you get your drilling information from?
GLA.
iamrich - you sound like you have not been invested in GBP for very long, the company have been undertaking farm out discussions for years. Peter Hill made clear in a recent RNS that interested parties want to see the outcome of the Total & Shell drilling campaigns, perfectly sensible.
In the meantime, this share will probably do what it has done for years, spike on news and then fall back. Given that drilling started in early December with drilling programmes lasting 60 - 70 days, results might be released in early February ? That gives me plenty of time to buy back a few shares traded today.
GLA.
dnd2136 - you have not read my post properly, I stated that I had sold a few GBP shares on this morning's rise, I still retain over 7.50 million GBP shares. I don't intend missing out if this turns into a multi bagger but I have lost count over the years the number of times GBP has risen on news and then fallen back again, we shall see whether history repeats itself.
As for deramping GBP, that is most definitely Geowiz's department, not mine.
GLA
Having been a GBP shareholder for over 10 years + I would say that it is highly unlikely that Peter Hill CEO / MD will be appearing in webinars. I can't ever recall Peter Hill appearing in a webinar.
GBP's position was set out in a recent RNS, the feedback received from the farm out process was that interested parties were awaiting the outcome of the Namibian Total and Shell drills. Given that drilling started early December 2022, I'm hopeful that we should receive news on those drills in 2 - 3 weeks time.
I decided to sell a few GBP shares into this morning's rise, hopeful of buying them back next week
GLA