RE: Global Petroleum Confirms...8 Apr 2019 22:45
Yep, as J says, anything is possible but I would say perhaps some of those wells (Exxon?) would be a better bet for 2020?
Personally, and it is only my opinion, the very fact GBP are now attending the Summit advertising our assets and looking like that was agreed only very recently (April 2nd) suggests we currently do not have a deal with Seapulse. I do think however we have been approached for 'some cherry picking' of our assets though. Whether or not that was Seapulse? Tullow? I've no idea. Whether or not a company such as Africa Energy have logged an interest to invest up to 25% of GBP but perhaps subject to securing a farm out partner first which seems to be the way many do business I've no idea!? Whatever is happening behind the scenes I do sense since acquiring PEL 94 something feels very different even if all that boils down to is the renewed confidence of the board pushing ahead.
I think you are right investor, interest could increase in GBP, being more likely with a drill located very near our own licence as was Cormorant. I would point to ECO's/Azinam's drill ready PEL 30 which looks a likely bet this year with seapulse. Being adjacent with read across it will absolutely be the well to watch for us. I personally think it will be a similar result to cormorant.. huge amounts of oil generated but the migration distance issue being the final outcome.. nature does not care about having almost identical prospects in the same vicinity only divided by human intervention I.e having a different licence holder and number. The experience from two successful companies i.e Tullow and ONGC clearly recognise this, however, stepping back, any discovery by any company in any offshore licence in Namibia should finally unlock some serious excitement and all its much talked about potential and perhaps even some form of value will be added to the assets we hold which currently we absolutely do not.
Paul Howletts where are the traps presentation was perhaps more important than many realise going forward, its possible Namcor recognise this following on from recent drills and they obviously have access to all the info and data available. I think/guessing GBP are spelling out (as per Totals recent success at the Brulpadda well) that some form of structural trap will be key to unlocking success in Namibia. We of course have those structural traps in abundance!
Seeing us attend this Summit is quite a relief. It is yet more evidence the board are going for it as has been evident since the acquisition of 2D data late 2017.
We just need one major to take the plunge and why wouldn't they now?? That is the question I ask regularly..
We now hold many company making prospects across the massive Namibian licences held, a swath of robust structural traps, prospects located in a proven play post Cormorant, hydrocarbon indicators across the fields, oil seepage across faulted flanks, oil slicks, prospects are updip, thief channels from proven play run int
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