Member Info for JerseyCrew

Worth considering the £100K purchase in terms of context of recent volumes. I personally doubt that there is a leak within the company but difficult / impossible to prove either way. There could be several reasons including the simple fact that someone sees substantial upside potential based on expected news ( we know we will get news from Juno in the coming weeks - the last RNS told us) and of course we have the current SP gap with the recent placing price.

Exciting times - DYOR and make your choice.

Hollybean - what do you mean exactly? Can you give some examples of more carrots? What timelines do you expect for large corporate negotiations with high degrees of technical complexity involved in the due diligence process?

Dead squid - sorry but that did make me chuckle. I have heard of damp squid where people have misheard a phrase but dead is a new one.

Try damp squib (you were almost there if you were following the firework theme) but can you then please try and back up your thoughts?

An Intrusion-Related exploration model is a framework used in mineral exploration to locate precious and base metal mineralization associated with intrusive igneous rocks—typically plutons, stocks, or dikes. These models focus on understanding the geological processes where magma intrudes into the Earth's crust, cools, and interacts with surrounding rocks, often leading to the formation of economically significant deposits of metals like gold (Au), copper (Cu), molybdenum (Mo), tin (Sn), tungsten (W), and sometimes silver (Ag) or lead (Pb).

Here’s a breakdown of how it works and what it seeks:

Key Features of the Model

Igneous Intrusion as the Source: The model centers on magmatic systems where molten rock (magma) intrudes into the crust. As it cools and crystallizes, it releases heat, fluids, and metals that can concentrate into ore deposits.

Hydrothermal Systems: The interaction of magmatic fluids with groundwater or host rocks often forms hydrothermal veins or breccias rich in metals. These fluids are key to transporting and depositing precious (e.g., gold) and base metals (e.g., copper).

Structural Controls: Faults, fractures, and shear zones act as pathways for magma and fluids, guiding where mineralization occurs.

Alteration Zones: Mineralization is often accompanied by visible changes in the host rock, like silicification, potassic alteration, or sericitization, which serve as exploration indicators.

Deposit Types: Common examples include:

Porphyry deposits (e.g., copper-gold or copper-molybdenum systems),

Skarn deposits (base and precious metals near intrusion margins),

Epithermal veins (gold-silver deposits in shallower settings),

Intrusion-related gold systems (IRGS) (gold tied to reduced intrusions, often with tungsten or bismuth).

Exploration Approach

To locate these deposits, geologists:

Map Intrusive Rocks: Identify granites, diorites, or other intrusions using geological surveys or remote sensing.

Geochemical Sampling: Test rocks, soils, or streams for anomalous concentrations of target metals (e.g., Au, Cu) or pathfinder elements (e.g., As, Bi, Te).

Geophysical Surveys: Use magnetics, gravity, or electrical methods to detect subsurface intrusions or alteration zones.

Drilling: Target specific anomalies to confirm mineralization at depth.

What It Seeks

The goal is to pinpoint economically viable concentrations of:

Precious Metals: Gold and silver, often in veins or disseminated in porphyry systems.

Base Metals: Copper, molybdenum, zinc, or lead, typically in porphyry or skarn deposits.

Real-World Context

This model is widely applied globally. For example, porphyry copper-gold deposits in the Andes or intrusion-related gold systems in the Yukon are classic targets. The model’s strength lies in linking observable geology (intrusions, alteration) to hidden metal deposits, despite variability in depth, size, or metal mix.

And let’s not forget we are also a gold exploration company ….. with one of the best geologists in the world for understanding the opportunities for deep discoveries in WA. I can’t think of another explorer that is diversified to this extent with so much potential.

DYOR and ask questions here - let’s use this forum to raise awareness based on facts.

GLA

The Moss - don’t lose sight of POG and how that changes the business economics.

Growing Global Demand and Strategic Timing: Despite the global energy transition, oil demand remains robust, with forecasts suggesting a peak not until 2045 or beyond. Namibia’s discoveries, potentially low-carbon-intensity barrels, align with the industry’s need to replenish reserves as older fields decline. The anticipated production start around 2030 positions Namibia to meet sustained demand while transforming its economy.

Infrastructure Development Potential: Although Namibia lacks existing oil production infrastructure, the scale of discoveries justifies investment in facilities like Floating Production Storage and Offloading (FPSO) units. The government and companies are actively planning to turn ports like Walvis Bay into energy hubs, attracting further investment from oilfield service providers like Halliburton and Baker Hughes.

However, challenges like high gas-to-oil ratios (complicating development due to Namibia’s no-flaring policy), ultra-deepwater conditions (up to 3,000 meters), and technical hurdles have tempered some enthusiasm, as seen in Shell’s recent $400 million write-down of its PEL 39 block. Despite this, the sheer volume of potential reserves and ongoing exploration by multiple firms signal that Namibia remains a hotspot for oil companies seeking growth in a world still reliant on hydrocarbons.

I asked AI why oil companies were interested in Namibian offshore oil ..... here is the response:

Oil companies are interested in Namibian offshore oil due to a combination of significant recent discoveries, untapped potential, favorable geological conditions, and attractive economic incentives. Namibia has emerged as a promising frontier for oil exploration, particularly in its offshore basins such as the Orange and Walvis Basins, which have drawn attention from major global players like TotalEnergies, Shell, Chevron, ExxonMobil, and Galp Energia. Here’s why:

Major Discoveries and High Success Rates: Since 2022, significant oil finds, such as TotalEnergies’ Venus discovery (estimated at up to 5.1 billion barrels) and Shell’s Graff and Jonker finds (collectively over 4 billion barrels), have spotlighted Namibia’s potential. Galp Energia’s Mopane field, estimated at 10 billion barrels, further underscores the scale of these resources. The Orange Basin, in particular, has shown an unprecedented exploration success rate, with some reports indicating over 80% of wells drilled hitting hydrocarbons, far exceeding typical global averages.

Untapped Frontier with Vast Potential: Namibia’s offshore regions remain largely underexplored compared to established oil provinces like the North Sea or Gulf of Mexico. With only a handful of wells drilled historically in an area spanning over 230,000 square kilometers of licensed acreage, the country offers a rare opportunity for first-mover advantage. Estimates suggest total reserves could exceed 11 billion barrels of oil, plus significant natural gas, making it a potential rival to prolific regions like Guyana.

Geological Similarities to Proven Basins: Namibia’s offshore geology is considered a “conjugate” to Brazil’s Santos and Campos Basins, which have yielded massive oil reserves. This tectonic connection, along with similarities to other Atlantic Margin successes (e.g., Guyana and Suriname), suggests a working petroleum system with light, high-quality oil—highly desirable for refining and market demand.

Favorable Fiscal Terms: Namibia offers a competitive tax and royalty regime, including a 35% petroleum income tax, a low 5% royalty rate, and a progressive excess profits tax. The state-owned NAMCOR typically holds a 10% carried interest, reducing financial risk for operators. These terms are attractive compared to more established West African producers, balancing high risk with high reward in a frontier region.

(continued)

Conclusion

Global Petroleum PLC offers a compelling speculative investment case through its dual exposure to Namibia’s oil potential and Juno’s gold prospects. PEL 0094 provides a high-impact oil play in an emerging basin, while Juno positions the company in a proven gold region with significant upside if drilling confirms a Havieron-style deposit. The company’s low valuation, experienced team, and recent funding provide a platform for growth, though success hinges on exploration outcomes. Risk-tolerant investors may find the potential rewards—multiples of the current share price on a discovery—outweigh the risks, with key catalysts expected in 2025 from drilling and partnerships. Monitor updates on PEL 0094 farm-out negotiations and Juno’s geophysical results for near-term drivers.

6. Upside Catalysts

- Namibia Oil Success: Positive seismic updates or a farm-out deal for PEL 0094 could validate its multi-billion-barrel potential, driving significant share price appreciation.

• Juno Gold Discovery: Drilling success at Juno, particularly if it mirrors Havieron’s high-grade IRGS profile, could transform Global Petroleum into a dual-commodity player, attracting broader investor interest.

• Commodity Prices: Sustained high oil prices (> $80/barrel) and gold prices (> $2,000/oz) in 2025 would enhance project economics.

• Regional Momentum: Continued discoveries in Namibia and Western Australia could lift valuations across the sector.

7. Risks to Consider

• Exploration Risk: Both PEL 0094 and Juno are early-stage, with high failure rates typical of frontier exploration. A dry well in either could tank the stock.

• Funding Needs: Drilling costs (especially offshore Namibia) may necessitate further capital raises, diluting shareholders unless offset by partnerships.

• Market Volatility: As an AIM-listed micro-cap, GBP is prone to sentiment-driven swings and low liquidity.

• Geopolitical/Regulatory Risks: Namibia and Western Australia are stable, but changes in licensing terms or delays in approvals could impact timelines.

3. Strategic Dual-Track Approach

The company’s shift into gold alongside its oil focus leverages commodity diversification, reducing reliance on a single market. High oil prices could bolster PEL 0094’s economics, while rising gold prices—driven by inflation or geopolitical uncertainty—enhance Juno’s appeal. This strategy positions Global Petroleum to capitalize on multiple catalysts, appealing to investors seeking exposure to both energy and precious metals.

4. Financial Position

Global Petroleum maintains a debt-free balance sheet and, following its recent £1.5 million fundraise (666.7 million shares at 0.225p), is capitalized for Juno’s 2025 work program and PEL 0094 license upkeep. However, significant drilling in Namibia or accelerated Juno exploration may require additional funding or partnerships, potentially via equity raises (risking dilution) or farm-outs.

5. Market Context and Valuation

As of February 20, 2025, Global Petroleum’s market cap is approximately £6.2 million, with 4.59 billion shares in issue. Its share price has ranged from 0.0425p to 0.365p over the past year, reflecting its speculative nature. The low valuation offers a leveraged entry point for potential upside from either Namibia or Juno, though volatility is inherent in micro-cap exploration stocks.

Investment Case for Global Petroleum PLC

Global Petroleum PLC is an Australia-based oil and gas exploration company transitioning into a broader resource exploration entity, with significant interests in both oil (Namibia) and gold (Western Australia). Its portfolio offers exposure to high-impact opportunities in frontier regions, appealing to investors seeking speculative upside in the energy and precious metals sectors.

1. Core Assets: Oil Exploration in Namibia

Global Petroleum holds a 78% participating interest in Petroleum Exploration Licence (PEL) 0094, covering Block 2011A in the Walvis Basin, offshore northwest Namibia. This 5,798-square-kilometer block, in water depths of 350 to 1,550 meters, is situated in a region gaining prominence due to major discoveries by TotalEnergies and Shell. The PEL 0094 license is estimated to hold an unrisked gross prospective resource of 2.23 billion barrels of oil. Partnerships with NAMCOR (17% carried interest) and Aloe Investments (5% carried interest) reduce financial exposure during early exploration, while aligning the project with local stakeholders. A potential farm-out deal, targeted for late 2024 or early 2025, could further de-risk the asset and unlock value through third-party funding and expertise.

2. Juno Gold Exploration Potential in Western Australia

Global Petroleum has diversified into gold exploration with its Juno Project in Western Australia, where it holds an 80% interest in Exploration Licence 08/3497 and has applied for additional licenses (52/4391, 08/3744, and 08/3792). The project area has expanded from 106 square kilometers to a potential 644 square kilometers upon approval of these applications. Juno targets Intrusion-Related Gold Systems (IRGS), akin to the Havieron and Telfer deposits, which have demonstrated significant gold and copper potential in the region.

• Geophysical Evidence: Recent aeromagnetic, LiDAR, and gravity surveys (completed or nearing completion as of early 2025) have identified a large, intense magnetic feature with a coincident gravity anomaly, suggesting substantial subsurface mineralisation. Final ground gravity data, expected shortly, will refine drill targets.

• Expertise: The project benefits from Callum Baxter, a geologist with over 30 years of experience and a founding director of Greatland Gold, which discovered Havieron. His involvement enhances credibility and strategic focus.

• Work Program: Fully funded via a £1.5 million capital raise in January 2025, Global Petroleum plans drilling in H2 2025, following a 200-meter Moving Loop Ground Electromagnetic (EM) survey and further data integration. Positive drilling results could significantly re-rate the company’s valuation.

Typo on auto spell - targeted ‘ by the big miners not taught

I posted the other day about the benefits of sharing news between GGP and GBP rather than creating a picture of a binary investment decision.

GGPs RNS today is good news for GBP in my view.

The new discovery is at 800 metres below an existing open pit - underlining the existence of previously undiscovered gold deposits at depth.

With each new find, the geological understanding increases and remember our very own Callum Baxter was the Geo who identified the potential for Haverion.

The Juno potential is off the scale but I acknowledge it is only potential at the moment. The risk / reward potential is staggering at Juno.

Also continue to read widely on the POG and watch out for signs that investment managers start to fall back in love with the sector again. The reality is that most most investment managers and investment committees simply follow the herd as well - they get paid fat sums not to lose money and few will want to take the lead in case they make a wrong call. So the so called sentiment takes a while to change and the general population takes its lead off investment companies. There will be a tipping point though when the profitability/ positive jaws of miners P& L will creative an undeniable case for investing in miners and that will flow down to the juniors and explorers will be taught by the big miners as large finds are becoming increasingly rare. You just need to join the dots and then consider where GBP is and the potential for its MC. Time to think beyond the 2 sentence snipes here and say to day SP movements - these have nothing to do with potential and everything to do with traders trying to beat the next trader.

Https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoView&_gl=1*1ok9dvu*_ga*MTI3NTY1Mzk3NC4xNzM5OTY0MzI3*_ga_S1QYDDWVV5*MTczOTk2Nzk1My4yLjEuMTczOTk2ODMyNS4wLjAuMA..

If you want to have an idea of the historic activity running both sides of our existing and new boundary, have a look for yourself - it needs a few minutes to load so be patient

I suspect new money waiting on the sidelines for the sell on news brigade to exit. It happens time and time again.

Suggest the company is judged by its actions and strategic decisions rather than a handful of sellers this morning that probably amount to circa £25K in total between them.

Great article - current and 100% relevant to Juno. It underlines that if we hit commercial grades then Omar should have no problems in raising capital to take this project all the way.

Fantastic RNS this morning - I only reminded this board yesterday of the flanking licenses and to get the northern boundary as well just shows the scale of Callum’s vision here. It also creates options for siting scalable processing plants and directional options for declines. I imagine that the placing investors had a sniff of this and it was why Omar had no problem in raising further funds last month.

SP movement is typical but smart money will soon be arriving in my view at these prices to join smart money already here.

Global Petroleum Limited (LSE AIM:GBP) is pleased to announce it has applied for two further Exploration Licences ("Licences"), 52/4391 and 08/3744, adjacent to the current Exploration Licence 08/3497 in Western Australia, via its wholly owned subsidiary Juno Gold Pty Ltd.

Callum Baxter, exploration geologist consulting to the Company, has identified potential exploration targets within the Licences which share geophysical similarities to the target within Licence 08/3497. Global believes these additions will strengthen its portfolio and vision to discover a world class deposit.

The total area of the Juno project has now increased from 106 square kilometres to 450 square kilometres covering multiple magnetic features. The Company is using an intrusion related deposit exploration model seeking to locate precious and base metal mineralisation, similar to that at the Havieron and Telfer deposits in northern Western Australia.

50% increase anyone to match the placing price ?

Spymaster. 100% agree.

GBP and GGP holders should be working together and sharing info. One is trail blazing and one could be mutiples of the former. GGP is however derisked in so much as the good is confirmed. GBP will multi bag many times IF gold is found. Simple Rusk Reward but it is not a binary decision and everyone needs to make thier own individual chose based on their risk appetite.

Come on - let’s start sharing and not fighting

As an investor in both GBP and GGP can I respectively point out this is a GBP board.

If anyone wants to make comparisons can we acknowledge that investing should not be a binary decision. GGP and GBP could be described as relatives in the same family group but at different ages. Positive GGP news is good for the business case for gold in the region and that could help with future funding for GBP. If we find gold at depth with GBP, then there is huge learning to take from the current GGP approach to the decline, overcoming water issues and targeting a method of extraction.

Look for the positives and learnings from GGP but try not to fall into the trap of it being a direct competitor. The companies are at very different parts of the Lassonde curve and risk reward considerations. You can have a piece of both actions to diversify and that message applies equally to GBP and GGP holders if you are only currently in one camp.

Just my view. ATB