Member Info for Marmited

Thanks Jim.. Daniel’s ‘haven’t looked’ Comment made me smile.

An article on the webinar.

https://www.africa-newsroom.com/press/namibias-minister-of-energy-and-the-oil-and-gas-sector-to-discuss-the-future-of-the-namibian-energy-industry-in-exclusive-webinar?lang=en

Think that answers my question as to what prospects do they have below the regional seal in 37.

Save trawling through.. the headlines says..

‘Unlike its Anglo-Dutch counterpart Shell, French major Total has decided to maintain its offshore exploration plans for the current year.’

No date but appears that all systems are go for Venus-1.

https://www.africaintelligence.com/oil--gas/2020/04/29/drilling-in-namibia-shell-draws-back-total-saves-namcor-s-bacon,108403315-ar1

Blimey!

Looking positive to me..

A write up on the Frontier webinar you mentioned J.
Part 4 - Namibia’s oil and gas future.

http://www.oilreviewafrica.com/events/event-news/frontier-to-launch-webinar-series-for-oil-gas-and-energy-industry

And the location of, there or thereabouts the repeating oil seeps of the faulted flanks of Gemsbok.

Dad hat on.. No! Keep at least 50% cash. Never go all in on any share. Play with small amounts and learn the market first! and learn from inevitable mistakes.

But it also instantly gives GBP some quality data to share with any ‘contacts’ regarding a possible farm out.

‘Already drilled up’.. again, misleading!

Do some homework! Welwitchia was abandoned by Repsol/TRP (same as Brupadda) prior to reaching target depth. Rig issues and cost. It did not reach the Aptian or Albian.. the primary depths required and the only depth to have oil shows and oil to surface. 94 is basically virgin territory.

‘ Harel they still need to shoot a new 3D to retain the block.’ - bit misleading!

I think you mean ‘if they choose to retain the block they will have to agree to shoot 3d in the next phase (many possibilities such as a carry over as per 29 subject to a farm out deal?, plus possibilities of extensions never seems a problem)

Puzzlebush has 2 depths of interest.. Lower Albian same as Welwitchia, Gemsbok, Lion, Dik ik and also the Maastrichtian, same as Choje.

Looks like our south east corner of 94 now has a name.. 'Puzzlebush'.

https://www.asx.com.au/asxpdf/20200407/pdf/44gry4mht7dk1j.pdf

We've only held the licence since Sep 2018.. In a year and a half we have managed to get 3D data on 94 at zero cost unless a farm out, drill and discovery are forthcoming. Terrible business for a small cap isnt it!

I think the answer is in there already.. to preserve cash they have been working on the deal with Namcor. As much as we would all like these things to happen overnight.. they don’t. The relationship with Namcor is certainly excellent.
More questions again.. why would Namcor be willing to swap cash for acreage?

Stupidity and a pyromanic disorder are certainly required! ;-)

Cheers Investor, I don’t do praise very well. Just stay indoors.. of course we will come out the other side but it’s going to get very rough before it gets better.

I am rare on theses boards as I swing to the left of politics. Still on the front line working for the fire service. I agree somewhat that no government could prepare for what is about to unfold these next few weeks but equally we certainly could have been better prepared and certainly better resourced. All Services have been run to and beyond max capability in normal times. The NHS comes under pressure year in year out during the winter months. It is widely reported in the media. We now find ourselves in extraordinary times.
We have just moved 300 firefighters over to the Ambulance service as they are under server strain.
This resets every 24 hours..
https://www.worldometers.info/coronavirus/