Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Frontier Africa E&P virtual conference coming in September ......AziNam will be a main feature
https://www.frontierenergy.network/africa-ep-virtual-summit-2020-overview
This is more to do with upcoming corporate activity coming our way, than Venus right now imo
Fair value for our assets in a post code where majors are land grabbing .....8-10p ?? and more when a farmout is concluded
Hi Hamilton, here is the CPR for PEL29 .......the flagship prospect is Gemsbok with a potential 1.75Bln mid case estimate. The whole licence has a potential for 3.66Bln barrels mid case and over 9Bln high estimate potential
http://www.globalpetroleum.com.au/uploads/files/reports/18-01-12-agr-tracs-gbp-namibia-cpr-1516362266.pdf
This is the CPR for PEL94 with near 1 Bln barrel potential mid case, which is due to be updated since the the recent 3D seismic deal
http://www.globalpetroleum.com.au/uploads/files/reports/19-11-26-gbp-pel0094-resources-final-1574751906.pdf
I share your suspicions of up coming corporate activity ;-)
http://www.globalpetroleum.com.au/uploads/files/reports/19-11-26-gbp-pel0094-resources-final-1574751906.pdf
The recent liquidity during the de-listing period of the ASX, seems to have dried up
A fact that didn't change is the small free float due to c.45% of shares tightly held by the BoD
MM's continuing their search for shares in size, online bid now .795 ;-)
Have to correct the last post ;-)
From a previous rns..The 6th was the last day for trading the shares on the ASX and the 8th is the official leaving day
"Global will seek to maintain its listing on ASX for one month after the Notice is sent to all Australian Shareholders. On the basis that the requisite Notice is duly sent to all Australian Shareholders on 5 June 2020, Global has requested that the Nominated Time for the Company's removal from the Official List be 4.00 p.m. (AEST) 8 July 2020. Assuming a delisting date of 8 July, trading in Global's ordinary shares on ASX would continue on an uninterrupted basis until 6 July 2020 which would be the last trading date of shares on ASX."
In case some haven't seen this before, Envoi borrowed this image from a geologist working for Serica in the region and explains the new concept since the Brulpadda discovery
https://www.linkedin.com/posts/envoi-limited_namibia-geology-oilandgas-activity-6610195449791991809-ITsk/
Exactly M, that is what I am hearing (even just this weekend) , those drilling above the regional seal have experienced lateral migration issues and the focus is now on deepwater plays testing the Aptian seal.
Azinam are dropping high risk blocks in shallower waters and moving into deepwater blocks. Funny Exxon and AziNam have both walked from PEL44...... Not only that, but Galp and Exxon paid for a 3D acquisition over PEL44 at a cost of $millions and still walked ;-)
Hmmmm, Exxon, Galp and Azinam, now there is a coincidence
All plays directly into what we have been saying here for sometime ??? ;--)
Azinam have recently walked away from PEL 71, 44, 45 and the Indians have walked from PEL37.
Apparently Azinam looking to move into deepwater blocks in Namibia, will they walk from Eco's PEL30 and 33 ?? Tullow already walked from PEL30 !
Maybe of interest ....Halliburton on Venus 1
https://view.joomag.com/exploration-insights-july-august-2020/0649715001593674639?short&
Just like his mate or they are the same what ever, there aim is clear by looking at his posting history.........100% negative
Take comfort in the fact that he is spending so much time here de-ramping. Someone wants this kept under the radar ;-)
https://www.lse.co.uk/profiles/geowiz/
Indeed more dross from Geewhizz,
If GBP conclude a farm out deal with a major, we will be propelled into the lime light, from a place of obscurity and will have a market cap at many multiples of the current price
If Azinam reverses into GBP, we will have a portfolio with an increased foot print in Namibia and 3 assets in S/A that are already partnered with AEC and AOI backed by Lundin Petroleum, Azinam themselves are controlled by Seacrest as are Seapulse . Block 2B held with AEC is already a discovery. Azinam bring much to the table
Current GBP M/cap around .......£1.5m
Slide 12 from the recent French version of the M&P presentation shows Azinam have now walked away from PEL44 & 45
Recently I posted that Chariot had said Azinam walk from PEL71
This is inline with my thinking and that AziNam are clearing the decks in a re-focus in Namibia. Exxon/Galp had already paid for a 3D shoot in PEL44 and walked......so why would Azinam want to hang around
A shift to GBP PEL29 & 94 where the potential up side is massive compared to the above licences. Also Azinam need cash and a route to market. An interest in GBP and a reverse take over is a no brainer on many fronts
Mean while GBP are clearing the decks by dropping the ASX, which would facilate the RTO
Are Exxon and Galp looking at the same potential upside ???
https://www.maureletprom.fr/en/documents/download/1223/presentation-assemblee-generale-mixte-du-30-juin-2
Agreed, all the trades of late look to have been sells, but have been buys on the bid
I expect there is still a bit left to clear, but limited time to pick up whats left and just two trading days on the ASX ahead of de-listing.
From Monday morning the company are free to make announcements, so tomorrow maybe a significant last day at the sales on the AIM......time will tell