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AOI, Seapulse/Maersk, Azinam ?
All of which are connected one way or another and all from Scandinavian countries
Scroll down to see the group of companies in Seacrest, including ECO. AOI have a large interest in Eco and they can take 20% of any deal made by ECO. AOI part of the Lundin group
http://www.seacrest.com/
Seapulse part of the group, allianced with Maersk
https://seapulse.com/
I agree with H, that we are going through a box ticking exercise and think there are two main parts to this deal, an interest in GBP and the farm out. It is possible we are days or weeks at most from deal news imo
Nice one M, that is interesting as I have just been looking at a few things as well such as the AOI website
This is the investors video page from AOI, two interesting videos, the top left is a great short film of the Deepsea Stavanger enroute to S/A
The other is top right from May 2019 where Keith Hill rounds up where the company currently are and talks of there investment in ECO, Impact and AEC
It is mentioned earlier, but 49.15 mins in and near the very end he says they are looking to take a more traditional route to exploration and hopes the next few announcements will be about taking direct interests in blocks, more ground floor like they did in the past. Since then they have taken an interest in a block in S/A with Azinam.
They are already indirectly next door to us with Eco in PEL30 and would have a good understanding of our blocks and could be seen as a hedge against PEL30 very different prospects. Remember we thought AOI backed AEC were really interested back in 2018
https://www.africaoilcorp.com/investors/videos/
£10m M/cap just 5p per share, fair value I see at 8-10p per share and with a deal at multiples of that again
There is a small free float here, a small amount of shares in issue and exploration prospects normally associated with Majors
Multi billion barrel prospects currently valued at just £2m .......but for how much longer ?
Shame they didn't mention this little article from yesterday and the giant sized propects in PEL29 in addition to PEL94 ;--))
http://www.globalpetroleum.com.au/uploads/files/reports/20-07-20-gbp-corporate-presentation-1595225060.pdf
Online bid up again to 1.452p and still the same volume ......must be orders to fill ???
Another speaker update for the up coming Africa E&P event (more updates to follow)
Featuring some Namibian players more to follow, always an interesting event, normally an industry only , but I have managed to book a ticket
https://www.frontierenergy.network/ceos-picks/2020/7/20/first-speakers-announced-for-the-africa-ep-virtual-summit
What is he on about now .......... 4.4Bln to 11.8 Bln barrels of prospective resources across just two blocks, with further potential in PEL94
The industry have re-focused, with a new play concept since the Brulpadda discover, which has been a step change in the modeling of prospects in the region. This has brought the attention to deepwater plays to test below the regional seal
The industry have been a sleep and have been looking cheaper option in shallower plays, which is no proving to be false economy. This has been demonstrated by AziNam , who have walked from 3 such blocks
The Peters even managed to take on a bonus licence with PEL94 when others were looking elsewhere ;-)
Thanks for the heads up H, missed that point, the first presentation since 2015, here it is
http://www.globalpetroleum.com.au/uploads/files/reports/20-07-20-gbp-corporate-presentation-1595225060.pdf
Yet another announcement, we are travelling at warp speed here, 7 announcements since the start of June, we are in play imo
The main feature of this announcement must be the increased COS on both prospects particularly Marula from 8.8% to 19% and WD 15% to 17%
The resource pretty much the same as the previous report
The Brulppada discovery COS in S/A was just 5%, the follow up wells are now at 90% COS
The next rns to follow is going to be big imo
Indeed Bishop, all we can do is go by our own instincts and place a bet. I know holders including myself that have substantially increased, already significant stakes in GBP, during the de-listing period. The results of those judgement calls will soon be known either way ;--)
On the other hand why would the likes of Exxon bother to mess around with a micro cap ? Imagine a Guyana scenario, if Exxon made a discovery and wanted to do a fast track exploration and first oil. GBP would be for ever trying to keep up with the cash calls. Not only that, having other prospects within the region ensures you are not a one hit wonder and more likely to attract more substantial longer term investors. We would be party to six other licences across Namibia and South Africa, one of which is already a discovery. This would be a more credible JV partner for a major or two ;-)
A deal involving GBP and Azinam is a win win for the two companies, as well as for Namibia. It is a small concession for Exxon, which puts them in a good light looking ahead
This is why I think those on the fence thinking a placing is coming and at a discount to the current sp will be disappointed. There is no need for dilution ahead of either deal.........The Peters are better than that imo ;-)
A buy out could see a price of around 8-10p, but the Peters are at every point been talking farm out. That is where the real money is. A farm out to a major or two, will be on the back of a merger with AziNam imo. GBP are to small an entity to be dealing with a major when it comes to cash calls etc
A straight merger between AziNam and GBP ?
AziNam are shedding unwanted baggage, so far PEL44,45 and 71. GBP have dropped the duel listing status, both companies seem to be clearing the decks and reducing costs
GBP, offers a cheap route to market, which could be completed by next month if it were a possibility. A significant interest in two highly prospective multi-billion barrel licences, with near term farm out potential to Majors. Four licence applications in Italy, which may result soon. Relatively small amount of shares in issue
AziNam, offers an increased foot print in the region of Southern Africa, three partners backed by Lundin. AziNam are under the Seacrest umbrella as are Seapulse, who have a collaboration with Maersk
AziNam and GBP look made for each other imo. If it is the case, there will be a need to raise cash, but only after the above type of deal has been concluded and possibly a farm out deal, followed news regarding upcoming wells. In other words at a price well beyond the current level
Ok thanks, no matter still works for me, just thought it was interesting to see the interest it garnered (up to 290 views). 4 from Namcor, Impact Oil & Gas, 7 directors, viewers from London, Paris, Houston, S/A, Aberdeen, Transocean, Geologists etc
It proves to me that there is some serious sector players, that take note of what goes on in Namibia and probably some that would prefer to things under wraps for now. Certainly we are on the right track to a game changing outcome at GBP
The sp going up on very little volume, in fact today the buys were out numbered by 250k and we still went up
Looks like they are now trying to up the price to find sellers ;-)