Member Info for Marmited

I’m confident we’ll easily get a further licence extension if required for 29. Relations appear excellent.

And back to the old image.. perhaps a clue to what is unfolding? Swings updip into.... PEL 94.
Chug chug chug...

https://www.google.co.uk/amp/s/finfeed.com/small-caps/energy/exxon-enters-defining-moment-pancontinental/amp/

All 3, GBP, TRP and ORANTO need farm in partners. All 3 are updip..

As we also know, since GBP joined NAMPOA last year, with the 3D held by NAMCOR which GBP have not yet licenced but all the companies within NAMPOA do work together.. That is why it was set up. A/many majors may well have licenced out that 3D info from NAMCOR? Peter certainly knows all about Welwitchia deep as member on the board of TRP.

As we know, a chunk of Welwitchia deep has 3D so it need not take long.

Stepping stones :-) lets get a farm out signed and sealed first.. that will lead to one? two? three? four? of our prospects getting drilled. Certainly appears as if something is blowing in the winds..

Pffff... Chicken feed if we get a farm out.. Chill, watch and enjoy!

My hunch is that they are looking for prospects below that regional seal having focused on those above for so long. ;-)

Ah good. They have been at anchor for days..

Getting Squeeeeeeeeeezed, ever narrower... got to pop out soon...

Good!! Be interesting to see who and where!

Wonder if this lot will shed any light?

https://www.oilandgas360.com/africa-energy-to-present-at-investor-meeting-in-stockholm-3/

Fat thumb on phone ..

Welwitschia not welcome...

That’s the beauty of this share.. to the west Syn rift deep prospects Welcome, Gem, Lion and Dik are almost mirror images to TRP’s Alpha and Gamma. But we have additionally to the east the up dip read across proven play by Tullow. Location = sitting pretty!

Every trade is both. Buyers need sellers, sellers need buyers. More demand to buy = up, more demand to sell = down. Sideways is a balance between the two. MM's create a market to encourage both buyers and sellers as that is how they make their money. News and rumours are the big price shifters.

Still mulling over the Sanco Swift vessel across 94 and 43.

Image by PCL showing regional oil seeps.

A huge cluster are located in and around PEL 37 which makes sense in that the oil play was subsequently proven with the drill bit.

J, you posted a few days ago how the shallow water zones have variant but often thin shales acting as the seal which gain in thickness as you head further offshore, this goes along way to explaining the failure at Cormorant. I think there is strong evidence the seal eventually failed due to the build up of pressure as it was too thin (PCL - wet gas signatures were found within this shale and throughout the target reservoir) perhaps it would go some way to explaining an abundance of oil seeps in that location, but they do disappear up dip.

Interestingly we can see the oil seeps are missing on PEL 94 and Oranto’s PEL 43 which the Sanco Swift ran across yet both surely must have read across to PEL30 & 37 plus a possible integrated plumbing system (thief zones, conduits, enclosed sand channels) linking all licences with regards to up dip lateral migration?

To the east side of the fault, up dip to Cormorant on PEL 94 the board state “Strong evidence of an excellent lateral seal 4km to the west of the Marula lead”.

https://pancon.com.au/wp-content/uploads/2018/01/Pan_0008-2.jpg

I think on PEL 94 we have to divide the licence into 4 like a busy highway, above and below a possible regional seal and also an east and west of a very large fault. 94 was previously divided up.

http://www.nabirm.com/wp-content/uploads/2011/10/License_map2012_Final-Model-1.jpg

Above the regional seal to the east of the fault links the proven and on trend play by Cormorant proving the sands where for example the new Marula lead pinches out onto the Welwitschia structure itself appearing to link with the evidence of a lateral seal 4km away mentioned above.

Below the regional seal on the eastern side sits ‘reservoir 1B deep water sands in a structural trap’ and we await further info.

Above the regional seal to the west of the fault remains relatively unknown.. are there possibilities of stratigraphic leads pinching against the structure similar to that in the east? The complete mess of that abandoned drill carried out by TRP/Repsol sat on the crest.

Below the regional seal to the west sits Welwitschia deep with additional deep prospects being Gemsbok, Lion and Dik Dik in 29. All 4 being large dip closed structural traps.

Presentation long overdue required GBP!

Looking at the licences the Sanco Swift just zipped round has got me thinking.

Pel33 - Azinam - PEL 94 GBP - PEL 43 Oranto

3d map shows Oranto’s PEL 43 already has 3d in the centre, our PEL 94 already has some 3d to the west but notably it is to the west side of what I think is a fault. (Presentation required GBP!)

http://www.mme.gov.na/files/publications/f9d_NAMIBIA%203D%20BASE%20MAP%20AUGUST%202017.pdf

Maybe it is about the proven oil following the Cormorant drill in prospects ABOVE the regional seal and the regions plumbing system?.. Thief channels, conduits, migration distance as per the information given within presentations from other companies such as Africa Energy and PCL.

Over at Cormorant and those additional prospects, yes we are up dip :-) However, for those licences (30 & 37) it is only worth drilling deeper if there are reservoirs to hold oil. Migration distance could = up dip lateral migration to a reservoir.
Worth remembering Wingat 41api oil was migrant oil.

By GBP standards it was an eyebrow raiser particularly when considering TRP's movement and the hush hush seismic across our PEL 94. Since 11th October 2019 there have been just 57 trades. Only 4 have been 1.5p or above until today.

Up 15% / 9 trades / total value £10,902

If news does ever arrive such as (Humour me) Exxon covering their follow to the recent Namibe Basin acquisition.. around 100m free float here... Yikes!