Member Info for Marmited

I still believe ECO are counting the clock down on PEL 30. Two drills on that licence, both show lateral migration. Tullow pulling out tells a story imo. Cormorant, the smaller but most westerly looks like a test of the group in that location rather than anything else. Seapulse should be all over it due to the links.. but doesn't look like they are?

I think it's worth seeing Seapulse for what it is.. a pot of cash. It has no reserves, no acreage. It will go for acreage such as that which GBP own as we have the acreage but no cash to progress.

Exxon don't need anybody.. :- they'll Hoover up what they want..

Imo, I don't think Exxon would entertain the seapulse/Maersk arrangement.

Either however would suit GBP..

Still to hear from seapulse too.. only 2 wells confirmed out of a 10 well programme meaning negotiations still ongoing yet the presentation at the beginning of the year clearly showed at least 3 wells planned in Namibia.. is it that complicated if they were just for Azinam? Take PEL30 Eco/Azinam for example?? ECO still looking for a partner..? Should'nt Seapulse be all over it?

Ugh, sorry J... repeating what you said..

well, looking at Exxon both to our north and south.. if they farm into TRP's and GBP's licences...

https://www.towerresources.co.uk/operations/namibia/?cn-reloaded=1

Yep, makes complete sense.. Qatar Petroleum have 25% of Brupadda. This shows the new found belief in the Lower Cretaceous (Aptian/Albian). Venus is one big well to watch and just like Brupadda it has a structural element in its trap.

This interview was following the Brupadda discovery..

Watch from 4 mins..

https://www.youtube.com/watch?v=9qJIvHyF9Qo

https://www.youtube.com/watch?v=NR0L4w4Q7AQ

I guess there are many ways to look at it. It was certainly under the radar all round other than some investor interest around the drilling of Cormorant.

Since Brupadda proving the Aptian/Albian extends from Angola to South Africa, the inclusion to NAMPOA and GBP suddenly inclusive in others presentations I think with the oily's we are now without doubt now on the radar.

With investors though, we are completely under it. I don't think many get the significance of the proven play by Tullow and the pulling out of PEL 30/Osprey, our read across which extends into our licence and which the likes of ECO, Africa Energy and Pancontintal have pointed out there prospects now have an additional risk being thief channels, conduits and migration distance. Combine that with with the rooted gas chimneys in the Aptian on the Welwitschia structure, the drill bit yet to penetrate the Aptian on either of our licences, the unassigned oil slick mentioned by ECO, the repeating oil seeps on the faulted flanks of Gemsbok, the signifant fact our traps are mainly structural traps where recent drills failed on strataphic traps requiring top and bottom seal, the large shallow build up of gas along a fault, well 1911/15/1 just to the North of PEL 94 found 3 source rocks recovering oil from Albian carbonates. Exxon acquiring 4 licences to our north adjoining PEL 29... it is an unloved share still in the doldrums with bags and bags of potential.

Late night mumblings over.. :-)

We still are way, way, way under the radar imo..

Desperate to know which companies have approached GBP regarding a farm out? Is there competition or is it a joint venture approach?

Ah, finally. Be Interesting to see some detail soon hopefully!

10 mins 20 secs in..

Guyana is now the focus, we have a big oil discovery and we have Namibia, Namibia is... for me its the next Guyana, I think namibia could be as big Guyana, we saw Exxon coming in, we saw Total, we saw Shell, all 3 companies are going drill in the next few months, and I think that next year Namibia will eventually come up with the first oil discovery and it will imitate Guyana as well.

https://www.proactiveinvestors.co.uk/companies/news/900659/eco-atlantic-has--de-risked--orinduik-prospect-with-jethro-1-discovery-900659.html

:-)

More than me sausage! Still the same with solid plan in place.. between the usual 3 we would require an RNS for sure :-) although the rate you are going you'll need your own soon!

PCL Quarterly

Ref Cormorant

Although the well did not produce the expected result, it has provided the joint venture with an accurate picture of geological conditions.

(I like the word accurate)

Saturn Superfan info revealing what happened to Cormorant

No “Thief” channels can be seen on 2D seismic updip from Saturn providing confidence that the hydrocarbons are trapped in the area and have not migrated elsewhere.

Well updip sits Welwitschia notably the east side..

I don't believe the Peters will wait post upcoming drills but I'm confident they will hold out for a deal on 'all' our prospects as per RNS months ago.

Suspect any positive news will just land one day without warning.. they keep cards close to their chests.. and rightly so.

I wonder how long before we here more detail about all the prospects on 94?

I suspect they believe they have cracked the code but ECO give a little more detail - faults/structural trap.

3 companies now saying the same..

Pantontinental - thief channels

Africa Energy - migration distance risk

Eco - conduit clear on 3D imaging

Recent busy farm in activity.. page 12 - REPSOL???... I wonder are they coming back to finish where they left off?

Conduit from source to prospect visible.. Read across is clear.. GBP approached/Quarterly's

2+2+2=?