This fairway also runs directly into Exxon and M&P adjacent licence PEL44 and a certainty for being drilled this year, so I forecast PGS to venture into PEL 44 and then to double back for a return journey back to the licences of GBP
Again higher low , every purchase is at an increased price, when you would think from recent sells there would be spare shares available, but they maybe part of a buy order ?
I agree particularly if Exxon or any other major is involved, the MME would be falling over themselves to see the investment dollars. But a drill this year is still possible, specially PGS run over 29 ;-)
So far we have higher highs and higher lows.....ie: the trend is upwards and will continue, as we get closer to drilling and news from others drilling and the possibility of a deal Never in the history of Namibia has there been such a build up of activity with so many majors involved
ee said advfn..."Set against the cost of drilling, say, 2-3 wells, the cost for the survey would be peanuts - as would taking out one or both of GBP and TRP"
I think this is a very telling point. Agreed, peanuts for a major, but still a show of significant interest. Shooting 3D seismic is still a multi million dollar deal and a licence commitment
The link below is from the Namibian Oil & Gas Conference in the summer of 2019
4.45mins in after having just signed a deal for new blocks in the Namibe Basin, Bridget Venner of Exxon says they are looking forward to expanding their foot print in this frontier Basin and to begin there exploration activities later this year (seismic surveys)