GBP16 Nov 2021 16:03
• Stable jurisdiction, excellent fiscal terms
• Excitement in the oil and gas sector:
• ReconAfrica found oil shows in its 2 stratigraphic wells onshore NE Namibia with its share price now over 12 times what it was 2 years ago
• Offshore there are significant players: Shell, TotalEnergies, ExxonMobil, GALP, Maurel & Prom
• Shell about to drill the Graff-1 well, TotalEnergies the Venus-1 well, both of which are playing the same source rock as Global in its licence
• To the north of Global’s licence, ExxonMobil has a large licence position, similar in area to its Starbroek block in Guyana