Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Well something is happening here, the price has been dropped and can still sell up to 600k online
Looks a deliberate drop to take some cheap shares, as if they were not cheap already lol
Someone expecting news next week ??
Agreed M, JA has almost dismissed Welwitschia in recent times and as you say .......now singing it's praises
In fact it was more a GBP rns than TRP, still scratching my head over that one
Also, strange that our new broker is now a new MM on TRP as well as GBP. It wouldn't surprise me if GBP were the second Farmee into TRP's Cameroon. But is there a consolidation potential in the Walvis Basin ? AOI have a 20% option on any deal made by Eco another point worth remembering. Another point Azinam and Seapulse backers are the co founders of Eco
Many possibilities, just a matter of time. PEL29 is the flagship licence and will see an extension even if it's just on a force majeure basis at the very least
Here is the latest dynamite post from the "clearly knowledgeable" Geewhizzz on the Char bb
Geowiz
RE: New ChariotWed 10:07
"2p would be a good start
Did they ever announce the gas development plan? and does it show positive economics?
The Namibia story might help going forward ?"
Absolutely clueless, he has 2 posts now on Char to make it look like he holds shares there........joker of the highest order
There will be no dilution before news of a deal........it is really that simple ;-)
I had a funny feeling regarding AO and judging by his the reply AO is probably our old de-ramping Perry Stelios
It has been said that Azinam are re-focusing into deepwater plays and I would imaging as Exxon have also walked from PEL44, they will be doing the same........
Slide 12
https://www.maureletprom.fr/en/documents/download/1223/presentation-assemblee-generale-mixte-du-30-juin-2
Forgot to add Exxon have also walked from PEL44
a) Azinam Notice of Withdrawal
Post year end Azinam Limited, who have a 20% equity interest in the Central Blocks licence offshore Namibia (currently Chariot 65% (Operator), Azinam 20%, NAMCOR 10% and Ignitus 5%), served a notice of its intention to withdraw from this licence. This withdrawal process is currently underway. All the commitments on this licence have been met and this withdrawal has no material impact on the group operations.
https://www.investegate.co.uk/chariot-oil---38--gas-ld--char-/rns/2019-final-results/202006170700041452Q/
Seems any issues that may have been highlighted by potential suitors are being corrected ahead of a deal being signed off
If so.....it stands to reason there will be another announcement of the extension of PEL29 or will an extension of 29 be conditional on the conclusion of a farm out deal ? The MME will want some reassurances as well
"The modified work programme agreed with the Ministry concentrates on the licensing of existing seismic data and the carrying out of studies specifically designed to focus on these two exciting prospects."
It could be studies designed to determine a drill site Looking at the 3D data picture the Murla prospect or lead is it was called then, looks to be 50% over lapping WD, obviously they will be looking to hit as many stacked targets as possible with one well.
There is another huge lead off the side of Puzzlebrush to the East that 50% runs into Eco's PEL30, which could be yet another point of interest to certain parties that are partnered in PEL30
Indeed we look to be teeing up for a deal more boxes being ticked at a rapid rate
What next ? ....extension to PEL29, broker note, partner ?
@ AfricanObserver, "Jimarillo, from where did you get the idea that Azinam has relinquished three licenses in Namibia? Azinam has partners on the three blocks you quoted (Chariot and M&P). They can't just unilaterally walk away... Do you have any public references to support your conclusions?"
Firstly I didn't use the word relinquished.............Can't walk away ?????????? how so ?
Didn't Tullow walk away from Eco's PEL30 ? Didn't ONGC Videsh walk from Eco's PEL30 ? Didn't BP walk from Serica's PEL47 ? Didn't ONGC Videsh walk away from Tullows PEL37 ? .......and as always, is subject to Namibian government approval of the Deed of assignment to effect any companies official withdrawal
If you read my post you will have seen the source that formed my conclusion or you can double back till you find it lol
Gewhizz, you must be on something, as you make no sense.......maybe change you name to BillyWhizzzzz
There are plenty of prospects over lap neighbouring blocks, for example Exxon's lisa discovery over lapping into Total's Orinduik block offshore Guyana
Here is a link to GBP's prospects and shows the previous Welwitschia 1A well, which surprise surprise is inside the GBP block. The 1A well did not reach the deep target, in fact was well over 1000m from the target
Of course you know all of this already, you make for a very second rate disrupter.......lol
https://www.globalpetroleum.com.au/uploads/images/max/850/614/figure4.PNG
Who ever sold 700K yesterday, will probably wish they held back ;-)
Repsol thought Welwitschia was drill ready in 2014, with all the work and recent well data we must have a much better understanding now than 2014, so why not an early well ? ....Seapulse still to drill their first well and it will not be in PEL44 anymore as Azinam walked from that licence........could it be PEL94
Geewhizzzzzz, at it again, who said anything of a TRP/GBP combo ?
You have never bought a single CHAR share in your life, who are you trying to kid
Venus will be drilled by the year end, confirmed by various sources including the recent update on the GBP website
TRP are waiting for their second farmout deal and Art Malone is due to hand over his part of the cash in the TRP famout. He is probably also waiting for the second farmout deal to show before concluding the deal. Seems to me as this stretches out and the second farmee, could possibly be GBP. As JA said before potential farmee's may need time for other deals to complete before they can commit.
TRP are looking for Art's cash to be confirmed between now and mid August, with a possible back stop to mid September. If we were in the deal, that would require some serious GBP news flow between now and then.
GBP......"Maintain a geographical focus on Africa and the Mediterranean whilst remaining open to opportunities elsewhere"
GPZ not quite vintage, old but not vintage, nice bike
I always had a love of the GSXR1100, had 4 in all, the WS was my favorite, with an akrapovic exhaust and Maxton rear shock
The GPZ and GSXR were proper hooligan bikes of their time
Here is the recent presentation from EMGS slide 6, 3.50 minutes in confirms the will be back in Namibia in the spring, sounds like they will be extending contracts as well as per their announcement at the foot of the post
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200723_2
http://www.emgs.com/content/1794/EMGS-receives-Letter-of-Intent-for-multi-client-pre-funding-in-Namibia-
Cheers Fuse, even better
Suggestion from the other place, the possibility of a broker note coming from Panmure, which would make sense with the new presentation. Eco recently had a broker note, Namibian players keen to put a valuation on the stock ahead of drilling in the region and potential deals ??