Member Info for maestro1

Sherwood Gemsbok is part of our license in pel 29, it's not all the area. Gemsbok is primary target.

http://www.offshore-technology.com/features/offshore-namibia-braced-big-finds/ Interesting read total farmed in Oct 17 with impact oil and gas, tullow farmed in with pancontinental in Dec 17, I think once the CPR is out I can't see issue with them finding a farmee..

This from the tullop website regarding Pel37 "Oil was recovered from the Wingat-1 well drilled by HRT (now PetroRio) in 2013 that is located in the block directly south of PEL 37. The Murombe-1 well, drilled in the same license as Wingat-1, intersected a world class mature oil-prone source in the Aptian sequence." Wingat-1 well is closer to Pel 29, GBP, block than tullows. Interesting that Pel37(tullow) only has 1 billion barrels of oil potential. https://mozambiqueminingpost.wordpress.com/2017/11/24/africa-oil-gas-global-petroleum-granted-pel-0029-licence-extension-offshore-namibia/

do tullow own the rig?

Oilspec How big was the 3i energy license area?

except for that they will have to inform the mkt if they have price sensitive info, they cant hold it back, farm in likely come after cpr is out..

Hopefully next week we get news on license extension..

I wasn't aware that the old data estimated 7bn barrels, I knew there was 2 structures which were potentially holding multi-billion barrels of oil. Mkt may finally realise

Thanks art. The mkt totally forgot about this as the company went into hibernation. Rerate is the likely scenario here...

Eyeguy Where did you get those figures from, I was trying to find old cpr data?

Only 20% was given as a example, I think 30% will be retained and rest given for freecarry and 3d seismic.

Itsgambling You decided to invest in an software company which wanted to move into oil and gas industry. Are you looney.. On top if that in a volatile country like Nigeria...

Eco I think has 20% share in potential 1bn barrel block, I think gbp may actually be bigger.

Wonderer True they don't have money to drill, the intention is to get farm in partner, just depends how lucrative the block is, let's say there is 2bn barrels of oil , gbp farms out and retains 20% share with free carry on well, that 400m barrels net to gbp... Tullow use to be small cap, now they one if the big boys. They liking this area in question in walvis basin...

Oilspec What's interesting here unlike it peers it has plenty of cash a farm in partner cannot bully them into agreeing a bad deal. One or two will be fighting for a slice.. This stock has been hibernating for awhile. Time to wake up....

Finally some value will be put on the license.. CPR closing in...

Looking good.

Looks like that, CPR is imminent I don't think investors will want to miss out if it comes out first thing Monday. There are two mega structures in this block they have known this for a long time and they will finally put estimate on how much potential oil is down there. With POO being $70 chances of a farm in becoming likely...

Morning, bit quiet today?

My bad, just lse is ****.