Member Info for Marmited

Ha!! :-)

I smell Lundin tactics there.. hopefully!

I actually think it is the other way around, clearly the interested party have been around a while but perhaps they are waiting on a farm out deal to be completed first..

Yes, and surely is has something to do with the previous RNS..

“and remains open to strategic growth of a more structural nature.“

With whom! Spill the beans..

I think we need a decent presentation from GBP once the PEL 94 analysis is completed. I also want to know if the reservoirs in PEL 30, 37, 44 are:

1. Located beneath an overlying sand zone?
2. How many licences/prospects at these shallower depths across the Walvis Basin are connected with the same overlying sand?
3. Is the sand seal described on PEL 44 also the most likely zone to become a carrier bed should it fail with the known regional shale seal sitting directly above?
4. If so, is that sand zone / possible carrier bed represented by the ‘Exxon enters, defining moment pancontinental’ article image?
5. Is it also the as described ‘restricted channel’?
6. Are the conduits/thief channels on Cormorant PEL 37 located within an overlying sand/carrier bed above the reservoir now being talked up as an up dip seal in PEL 44?
7. Did the Wingat-1 well hit the very same sand channel? ‘light 38 to 42 degree API oil from thin sands of undisclosed age.
8. Just how important is the regional structural closure provided by the Walvis Ridge?

Carrier beds

The carrier formation is defined as a lithologic formation, beneath a regional seal, that offers the paths for hydrocarbon migration in a certain geological period when hydrocarbon migration process happened. Such a carrier formation may contain a few or multitudinous permeable geological bodies, hydraulically connected among themselves.

http://www.searchanddiscovery.com/documents/2013/120136luo/ndx_luo.

A map showing the westerly flowing rivers of Namibia.. pressure is pushing westerly..

https://www.researchgate.net/figure/A-Map-showing-the-westerly-flowing-rivers-of-Namibia-and-the-location-of-the-Tsauchab_fig7_229892750

I predict another proven play on 44 with heavy residual oil left behind after the build up of pressure has blown the seal and the original lighter oil has migrated and become trapped elsewhere.

PEL 44 actually leaves me shaking my head a bit. I've taken the important sentences out..

"Updip seal is formed by a sand-bypass zone." - So they are relying on sand to form the seal on sand.. erm, this far from fills me with confidence! There are effective seals but not sand.

"Success would de-risk three analogous follow-up prospects with upside of 800 mmboe" - erm, so all 4 prospects are relying on sand on sand as a seal..

I see no sandy seal!

Good quality seal rocks encountered at a number of stratigraphic levels, including Neocomian-Barremian
volcanic rocks, Aptian/Albian lagoonal and marine mudstones (Orange and Luderitz Basins) and Campanian
muddy limestones and mudstones (Walvis Basin).

http://www.petex.info/wp-content/uploads/Tuesday-Session-1-Abstracts.pdf

Interesting read..

http://www.searchanddiscovery.com/documents/2018/42310lee/ndx_lee.pdf

https://www.africaenergycorp.com/site/assets/files/143456/2019-10-aec-cp.pdf

link might help..

A bit more info from Africa Energy in their latest presentation, 7th Oct.

Slide 19

Cormorant proved the play ~ Well indicates migration of heavy hydrocarbons.

Prefer our dip closed prospects ;-)

I missed this from a year ago.. looks like our neighbours Oranto are sorted..

The two companies will collaborate on further exploration and development of assets across the continent, in particular with relation to Oranto’s existing portfolio, acquisition of new assets, gas monetization schemes and implementation of refining, commerce and logistics projects.

https://africaoilandpower.com/2018/05/25/rosneft-oranto/

Yep, ECO licences look most likely farmed out via Azinam/Seapulse. Azinam have 30%/4O% on Cooper, Sharon and Guy licences but looking at Tamar it states the following, so Azinam still involved..

Eco and AziNam proportionally carry NAMCOR’s working interest during the exploration period.

Seacrest has interests in both offshore exploration and production companies, with exploration investments including Azeire (Ireland), AziLat (Brazil), Azinor Catalyst (UK) and Azinam (South Africa & Namibia), and production investments including Seacrest Petróleo (Brazil) and OKEA (production and development Norway). In addition, Seacrest holds interests in Seacrest Pathfinder (global emerging and frontier basin exploration with industry partnering) and Seapulse (global O&G exploration drilling company).

https://www.euro-petrole.com/azinor-catalyst-farms-out-boaz-and-hinson-prospects-ahead-of-three-well-2020-drilling-programme-n-i-18685

ECO look sorted to me... ;-)

"and remains open to strategic growth of a more structural nature.."

I wasn't aware we were?

Anything to do with the yet to happen resolution 4 AGM 2018 Placement Capacity? It runs out on the 29th November.

What is the relationship between structure and strategy?
https://www.researchgate.net/post/What_is_the_relationship_between_structure_and_strategy

Saw a link to this via twitter on the ECO board earlier.. Page 13..

Eco is reviewing potential farm out of its blocks and is considering a like-minded partner to join the Company on its licenses.

http://namibianminingnews.com/wp-content/uploads/2019/10/nmr-oct_dec2019.pdf

So first was our Global, followed by TRP and now ECO?!

Looking at the map, I really do smell Exxon all over this... Only Oranto and PEL 37 would be left, they'd pretty much have the lot in the Walvis.

Again I think Jeremy Asher revealed a clue (Structures close to fans) and we just have to put everything together, TRP,PCL,AEC..

Fans into thief channels into structures..

Basically they are studying the migration paths from shore to sea...

Well, a total amateur but i'll try to help! An SDR stands for Seaward Dipping Reflectors, a feature within the continent to ocean transition zone of volcanic passive margin (a transitional crust that lie beneath passive continental margins that occur as the result of the formation of ocean basins via continental rifting.) They can gain info such as pre-stack depth-migration analysis from the volcanic margins (I think)

might help?
https://www.sciencedirect.com/science/article/pii/S0012821X19303322

And... Worth pointing out.. Tower Resources relinquished ALL of PEL 10 in 2015, not just the new stand alone 94 we luckily now have. Your/Our oilman of 40 years of oil and gas experience couldn't let it go and now has a much larger Personal investment in it via GBP.. The largest holder of shares in the company..