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How many days was the Sanco swift up and down PEL 94 J? Was it 3 or 4?

What do you think it means? Contacts, further contacts and further contacts over a period of 9 or so months all stating in regard to a farm out.

Perhaps it is a grey area and I think it is certainly open to various interpretations.
Interesting for me, one of you is positive and the other is negative and like a car battery, sparks fly when the two come into contact. ;-)

I agree, a careful choice of words. Why though is another question..
You might be right? Or, could it be the opposite to ensure the share price doesn’t inflate? Share placement capacity expired and renewed, why? It’s clearly not a simple money raise otherwise surely they would inflate the price with colourful language perhaps like Asher at TRP? They own almost half the shares of the company. They wouldn’t let the placement capacity expire in the first place.. Surely?
Remains open to strategic growth of a more structural nature. With who? Is this strategic growth really completely separate from that unused placement capacity? Unlikely.
A bit more waiting but a conclusion will be forthcoming and fairly soon imo.

I truly hope it is Exxon. I hope it was them gathering info on 94 via the Sanco Swift to help them make a decision.
Once they see the pockmarks, oil seep data, repeating oil seeps across faulted flanks, chimneys rooted in the Albian, location being the regional closure, located on the updip high of the basin, proven source rocks - 2 to our SE, 3 to our NE, proven play in neighbouring and read across PEL 37 who are suffering migration distance issues via conduits/thief zones, suggestion of a type of gas cap located on a fault..
I like to think their super computers and algorithms will be in overdrive.

I dont think we will have too long to wait for some kind of decision from the counterparties.
Imo, You can’t have contacts with counterparties, further contacts with counterparties and even further contacts with counterparties regarding a possible farm out on 94 and 29 and yet not be in discussions regarding that farm out.
If each contact were by different parties, that is a hell of a lot of sudden interest suggesting (imo) GBP have a choice to make.
If it is one company bouncing back and forth than they must be in some serious discussions by now.

Quarterly’s out in Aus

further contacts were made with counterparties in relation to a potential farm-out of PEL 0094
and PEL 0029.

Fingers crossed as always! All I do know following those articles I put up last night is that the recent shift and focus to the new deeper target zones falls bang on into all our prospects.
Should we reach a farm out deal and go in to drilling, I suspect it will be Welwitschia deep first, as it is located at the regional up dip closure for the basin. Gemsbok will get an extension and drilled on success at Welwitschia. Imo..

Woah! Slow down. We are not drilling ourselves. The current situation is attracting and concluding a farm out deal. Achieve this and we will add value. The current bets are
1. Achieving a farm out.
2. Another company hitting oil making our blocks hopefully irresistible to the above.

Once farm out achieved then we can think about drilling.

“ The Barremian to Aptian age source rocks on the Namibian margin are now recognised to be the principal source rock for future exploration drilling”

Albian-Aptian, shallow marine carbonate reservoirs, the main targets at Gemsbok, Lion, Dik Dik and Welwitschia Deep..

Say no more!

Hydrocarbon Potential of the Walvis Basin, Offshore Namibia

Uaapi Utjavari (Azinam & NAMPOA)

The Aptian Source Rock however, is a proven marine oil – prone source within the basin and was penetrated by both HRT’s Murombe and Wingat -1 wells. The Syn-rift section is observed on seismic but has never been penetrated by wells drilled in Namibia. The Walvis Basin area holds massive exploration targets, with good quality reservoirs at the Cenomanian and Santonian level. Several Cenomanian channel systems characterised by both structural and stratigraphic type traps have been mapped (Lower Cretaceous basin floor/slope fan systems)

http://www.searchanddiscovery.com/abstracts/html/2018/ice2018/abstracts/3005471.html

Post-Rift Potential Source Rock Correlations and Prospectivity of the Deep Atlantic Conjugate Margins, South of the Walvis Ridge

The deposition of this source rock is interpreted to be widespread in the deep water and modelled to be oil mature in several large kitchen areas, situated in present day water depths from <500m to over 3000m. Additionally, good quality Cenomanian to Santonian age source rocks have also been identified in several wells offshore Namibia, such as the 1911/15-1 well with TOC levels reaching up to 10 % and a gross thickness of 170m, and the Kabeljou-1 well with average TOC of 5.3% and approximately 50m thickness.

The Barremian to Aptian age source rocks on the Namibian margin are now recognised to be the principal source rock for future exploration drilling and they are characterised by parallel-bedded, low amplitude, low frequency, continuous low-impedance reflectors, which lie above the SDRs. The Aptian section above the SDRs in the deepwater (>2 km) Pelotas-Argentine margin has never been drilled, but seismic data indicates a similar stratal package. Recent 2D/3D seismic data from Namibia will be used to characterise the source rock package and compare with recently acquired seismic from Argentina and Uruguay.

http://www.searchanddiscovery.com/abstracts/html/2018/ice2018/abstracts/2996092.html

Nice knowing all our main prospects are up dip structural traps.. ;-)

Oil Prospectivity of Deep Water Turbidites in the Walvis Basin, Magmatic Margin Offshore Namibia

1Geosceince Team, Spectrum Geo, Woking, Surrey, United Kingdom.

2NAMCOR, Windhoek, Namibia.

We will discuss paleotopographic reconstructions to review the provenance for the coarse clastics and propose that the Late Cretaceous channel complexes within the Walvis Basin are composed of clean sands with a high proportion of quartz derived from the Congo Craton and Damara Belt containing metasediments, polymetamorphic gneisses and granites. The presence of mature oil generative source rock below thick clean quartz rich sands is therefore proven in this basin.

We will conclude by showing the evidence for an up-dip bypass zone for the non-deposition of sediment, and/or laterally continuous fault systems that will provide up-dip trapping.

http://www.searchanddiscovery.com/abstracts/html/2018/ice2018/abstracts/2994805.html

Energulf in block 1711

http://energulf.com/projects1711.html

I’m impressed a company gets done what it wants to be done in the time they said they would do it. Not used to that ;-)

This article states how quickly Exxon would undertake siesmic working closely with Namcor.

https://www.google.co.uk/amp/s/finance.yahoo.com/amphtml/news/exxonmobil-acquires-more-exploration-acreage-210000209.html

This might help oilmanmike

https://mobile.offshoreenergytoday.com/pgs-pens-10-year-deal-for-seismic-surveys-off-namibia/

I believe the clients will be whoever requires 3d on their licence/s. It can only be Exxon in Exxon’s blocks. But that vessel has also been in and around GBP’s, TRP’s and Oranto’s various blocks too.. All 3 require farm in partners. All 3 sit in depths of 1000m - 2000m 2 companies have been approached since summer.

Yup.. we just have to wait and see what unfolds and whether it will involve GBP and the counter parties/potential farm out? There are good reasons for Africa Energy to jump into GBP. Read across/migration distance risk from their PEL 37 investment being one of them.
Fingers Crossed!!

Africa Energy did go onto invest into Pancontinental that year..

https://uk.reuters.com/article/brief-africa-energy-acquires-interest-in/brief-africa-energy-acquires-interest-in-namibia-idUKASB0BJ9Z