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That's a great interview. Nice one J! Some good info there, for example, the Walvis basin being the same size as the North Sea, it really puts into perspective the size of our licences and prospects.

Just my opinion, but for me, the simple fact he mentioned GBP was an eyebrow raiser! Perhaps we are on the radar at last. Hurrah! Global Petroleum not Jupiter! Easily pleased! ;-)

Still trying to understand what happened at Cormorant? yeah right.. nudge nudge wink wink as Exxon move updip with 4 new blocks.

Summit building up. We are still one of the top picks via Frontier now alongside the likes of BP, Exxon, CNOOC, Seplat, Corelab..

https://oilvoice.com/Press/31719/Africa-EP-Summit

https://www.frontierenergy.network

Nice find J. I have to say I am not impressed with Africa Energy here. Lazy? Completely out of touch? Not sure which..

The licence map on slide 17 shows Grisham as holding 1810, Jupiter holding PEL 29 and nothing for PEL 94. Towers licences may still need the signatures etc but they could outline those the same as Exxon.. YET, they are happy to add some of Exxon's new blocks albeit incorrectly!

How difficult is it to use a current licence map??? How difficult is it to assign 1810 to Exxon?

http://namibiaoilandgasconference.com/wp-content/uploads/2019/03/Lic_Map_31102018-1.pdf

I noticed they still use Tullow and ONGC as recent entrants.. yawn!

Good to see the migration distance risk is still the main risk in this location.

If they are exhibiting at the Summit in a few weeks they better get their act together otherwise they are going to look like complete tits!

Excellent find J and excellent news!

My guess is that Osprey will be drilled by Seapulse. It makes the most sense regarding Azinam/Seapulse/Seacrest.

As mentioned before, it is a win win here with the read across into our 94, oil = follow on prospects, wet gas shows with likely Lateral migration being the major risk as per Africa Energy = prospects in 94 caught the migrated oil.

Absolutely! We’re acquiring large amounts of seismic data with the idea that in the future one or two of those are going to turn out to be the next Guyana,” he said. “These are large acreage positions and they’re in areas that we think have promising opportunities for hydrocarbon systems.” https://www.bloomberg.com/news/articles/2018-10-18/exxon-exploration-chief-eyes-africa-for-next-elephant-oil-find Clearly following Exxons recent licence acquisitions, Namibia and the Walvis Basin are just that in Exxons eyes. Both TRP and GBP are now in prime locations unlike prior to the drills of last year.

What is clear in Namibia is that oil companies large and small are STILL swallowing up acreage! That is FACT! GBP are NOT IMMUNE to a deal. The MME could have taken lion and dik dik away and handed it to Exxon who are now adjacent only a few months ago when a further 25% reduction was due.. in GBP's history don't you see NOW is the most likely time a deal will surface? Cant you see how important our blocks are NOW following on from last years drills? Cant you see how important our acreage is as Exxon continue swallowing up thousands upon thousands of sq km of acerage around us? Do you think Exxon are finished in the walvis basin? Do you think other majors will turn a blind eye?

Deals are constantly being completed and have been for many months in Namibia.. None were ever predicted!! The same applies here. Don't expect any information to be released until a deal is signed. Dougal66 you are wrong to call a 'no deal on the horizon' just the same as anyone else stating there is one!

Yep, I think they'll be a few more of those.

I wonder how much Exxon paid?

“The agreement took the form of a normal oil and gas exploration contract. But due to the sensitivity of trade secrets and to protect the interests of the other party, we are not comfortable with giving the amount yet, but it was for several US dollars”, he noted.

Mulunga said he understands the importance of disclosure because Namcor is a public company, but they also have the responsibility to protect ExxonMobil. The company to be given the 5% stake by ExxonMobil is not Namcor's choice to make, and would be at their discretion.

https://www.namibian.com.na/78084/read/Namcor-Govt-allow-ExxonMobil-more-footing

Cheers J..

a few bits of very interesting info in this presentation which are highly relevant to us at GBP.

‘Charge: 3D seismic reveals multiple faults providing feasible conduit from source to prospect’
‘Channel forms – feeder & distributary channels’
‘Proven Aptian – Albian and Cenomanian – Turonian deep water clastic systems are currently the key plays in both basins focusing on stratigraphic and structural traps’
‘Plays: Great variety of structural and stratigraphic plays along the entire margin’

Everything we have been saying for months and months. Finally there is a notable shift to not just accepting structural traps as prospects but focusing on them!

Paul Howlett really was the messenger wasn’t he!

Ugh!! What a tease!!

Woodside as operator, Africa Energy investment around the time of the Summit followed by Exxon farming in a bit later? Dream dream dream...

Are we looking at a woodside/Exxon/ Africa Energy trio?

It's been updated. We can't rule out Exxon here.. seems they are swallowing up the west coast..

I added his statement from end of 2018 because he turned out to be correct in what he said.. Exxon having just signed into an additional 4 licences is in/adjacent/linked to the Dolphin Graben. They have a perfect image including Exxons new blocks below..

Look at Exxons MOU's signed end of 2018 in neighbouring Angola to see the bigger picture unfolding!

https://www.towerresources.co.uk/operations/namibia/

Every sell has a buyer the other end.. every buy has a seller the other end.. Just sayin..

I have dismissed PEL 37 as 2 drills have proven lateral migration..backed up by PCL and Africa Energy..

So looking at the licence map as it evolves, it is quite revealing!!..

Exxon have a square chunk via PEL's 44 & 82 to the South
Exxon now also has a square chunk via blocks 1710 - 1711 - 1810 & 1811A to the North

There are JUST TWO companies which have blocks between the above which importantly appear on trend..!

PEL 29 & 94 Global Petroleum
Licences 1910A, 1911, and 1912B - Tower Resources

LInk between TRP and GBP? Of course there is - Peter Taylor

http://namibiaoilandgasconference.com/wp-content/uploads/2019/03/Lic_Map_31102018-1.pdf

Jeremy Asher, Tower’s chairman and chief executive, said: ‘We are very excited about our new Petroleum Agreement in Namibia. As a company, we know Namibia very well, and the wells drilled in the Walvis Basin during the past few years have provided a much greater level of understanding of the regional geology. As a result, Namibia and the Walvis Basin and Dolphin Graben, in particular, are now attracting great attention from well-respected explorers, both large and small, and are also once more attracting considerable farm-in interest and investment.’

https://www.valuethemarkets.com/2018/11/07/tower-resources-takes-three-new-blocks-namibia-trp/

More weekend research to be had :-)