Member Info for Marmited

https://mozambiqueminingpost.com/2017/11/24/africa-oil-gas-global-petroleum-granted-pel-0029-licence-extension-offshore-namibia/

The gemsbok structure is located in the south eastern part of the global licence approximately 230km from the Namibian coastline.

Fits in…

Thanks for the links Jimarillo..

Additional prospectivity is related to the large, long-standing channel system which cuts through the area lying to the North of Ondjou-A, orientated North-East to South-West. (The adjacent block to this is ours, block is PEL 29)
This to me sounds like it also cuts through our block..?

https://www.energy-pedia.com/news/namibia/new-154464

Now, looking through Tower Resources CPR it states..

2.4 Adjacent Block Interpretations (page 19)

Namcor have interpreted an adjacent area to Delta as an oil-prone structure (they do not cite a gas case). Since we and they presumably are using the same data and maturity models, it would be useful to know if they are referring to a structure or a trap with AVO-anomalies, and if so, how they have reached their (gas-free) conclusions. However, in the absence of more information, we feel we can do no more than simply note their report. We have also studied Chariot’s 6/2011 presentation on Blocks 1811, 2312 and 2714 and 9/10 CPR – noting the Tapir lead where AVO anomalies were identified in Palaeocene rocks; Energulf’s 2/2011 update on Block 1711 (Kunene) and 5/2010 presentation on Blocks 1711 , 2713 and 2815;and UNX (now HRT SA) D&M resource reports on 2713, 2813, 2815.

https://www.towerresources.co.uk/files/Namibia_Licence0010_Tower_CPR_Letter.pdf

Again, adjacent to this area can be interpreted as ours.. PEL 29

http://digital.offshore-mag.com/offshoremag/201704?pg=32#pg32

Ha! you'll have to post a holdings RNS soon!

Have a great weekend!

and discouragement from the old longs. ;-)

You've been greedy at the right time.. ;-) Optimism...

https://www.tradingacademy.com/lessons/article/the-psychological-cycles-of-trading-and-investing/

it was scaremongering..

http://clients2.weblink.com.au/news/pdf_1%5C02021425.pdf

Have a look on page 6.. remember me saying how the majors appear to be targeting licences with oil seepage? Here is another key bit of information..

'Traps capable of hosting giant-scale oil'

We have 3 structures with the best type of trap..

I noticed quite a poorly written article yesterday having a dig at Char.. Wonder if PCL is next?

I'm in for a small punt.. GL all.

Looking into our prospect following on from the global oil seepage facts discussed previously..

Gemsbok, Lion and Dik-Dik are identified as dip-closed structural traps, which the Company regards as particularly compelling since previous large prospects identified by other Namibian operators have mainly been stratigraphic in nature.

Structural Trap
Structural trap is a type of geological trap that forms as a result of changes in the structure of the subsurface, due to tectonic, diapiric, gravitational and compactional processes. These changes block the upward migration of hydrocarbons and can lead to the formation of a petroleum reservoir.

Structural traps are the MOST IMPORTANT TYPE OF TRAP as they represent the MAJORITY of the world’s discovered petroleum resources. The three basic forms of structural traps are the anticline trap, the fault trap and the salt dome trap.

http://www.geologypage.com/2015/02/petroleum-traps.html

Totally agree..

Maybe the evidence points to it being the other way round ;-)

Nope! Because GBP's prospects (particularly Gemsbrok) are top notch. We are a little behind time wise not quality wise..

Got to start work now but I need to look at the licences.. I don't think Exxon have a deep water play in Namibia.. will look later..

Exxon for me..

Absolutely Jimirillo.. easy to read too much into anything but I'm feeling there maybe rumours going round in the states.. either way, we will soon find out..

Again. American based company..

Yep, the same.. Report on multiple billion dollar companies and world news.. and throw in little old GBP..

Another question.. Article states.. 'it may be time for the investor to make some tough buy or sell decisions.' Why do investors need to suddenly make some tough decisions?