Member Info for Marmited

Read Across in PEL 94 4 large prospects and 3 large leads from PEL 37 1 large prospect and 2 large leads from PEL 30 Total read across potential = 10 prospects/leads. All prospects appear to be sand-filled submarine fan/lobe(s) sealed by lateral stratigraphic & updip pinch-out of the reservoirs.. Easy to see why Tullow got their teeth into these and now easy to see why our board are particularly excited.

Yep, we were very lucky getting 94. I think it's possible they are using it as leverage to get 29 across the line. That should be a little easier now, particularly with Azinam's recent source rock region wide comments.

We have no intention of writing Namibia off here! :-) I wonder how well our man did at Appex today.. would love to have been a fly on the wall! APPEX – AAPG’s Prospect and Property Expo – London’s Business Design Centre, 5-7 March 2019, brings together upstream decision-makers and investors in an invigorated conference and exhibition format, packed with lively networking events, informative seminars and offering an unparalleled global marketplace for buying, selling, and trading prospects and producing properties. APPEX 2019 – a two and a half day high intensity business environment that acts as a catalyst for deals to be struck and new ventures to be undertaken. Incorporated into the APPEX 2019 conference programme is the 2nd edition of the Next Generation Deal Making Workshop, designed by a committee of young professionals from stakeholder companies, and tailored for those who wish to familiarise themselves with every step of the deal making process.

Cheers J, I'll have a look later.

No worries, got bits n bobs to be doing too!

Tullow pulling out of Osprey tells us all we need to know ;-) and therefore Albatross ;-)

Yet another massive clue here..

Africa Energy Presentation - SpareBank1 Markets 2019 Energy Conference on Wednesday 27th Feb

PEL 37

Albatross at same stratigraphic level as Osprey and in close proximity to Mature Aptian source

Both plays have seismic “soft” responses indicating presence of reservoir facies

Main risk remains HYDROCARBON MIGRATION DISTANCE, success at Osprey de-risks Albatross

https://sb1menergyconference.com/wpday1

http://event.congresso.no/uploads/account/5/90/298/590298451126af1fbdba0c472b8fdc6f.pdf

I can quickly distil detail to identify the key issues and decide whether to progress an opportunity or drop it before wasting time and resources..

bodes well for PEL 29 too....

As I said yesterday... Welwitschia East, the dip closed structural trap was on the map the day we were awarded the licence. Geologist...

Key points

Geologist who can also work seismic and lead commercial negotiations.

Specialises in identifying new business opportunities and delivering those to industry partners.

Delivering the company’s strategy.

Led acreage applications in Namibia – led GBP to PEL 94?

I can quickly distil detail to identify the key issues and decide whether to progress an opportunity or drop it before wasting time and resources – Does not mess about

As such I am a good communicator who engages positively with people of different cultures, professions and levels of seniority: from junior staff through lawyers to government Ministers – persuaded the ministry to waive the 25% reduction in PEL 29

I like this man!

I agree bonum, the Ministry/Namcor are desperate to get a discovery to finally get Namibia on the map. The East Welwitschia prospect for reasons I have detailed gives them the best chance to date imo.

Paul Howlett presenting is no coincidence. Namcor following Paul offering farm in opportunities in also no coincidence.

Paul Howlett
Summary

Oil and gas new business and exploration specialist with substantial experience both over time and in many plays and basins. Geologist who can also work seismic and lead commercial negotiations.

Currently working for two companies: (1) Energy Explorers as a consultant for E&P companies (mainly as Exploration Manager for Global Petroleum Limited at present), investment funds and contractors; and (2) Transunion Petroleum as founder and Managing Director of a company that specialises in identifying new business opportunities and delivering those to industry partners.

My method is to identify the new business opportunities (production to exploration) best suited to delivering the company’s strategy. Involves both sifting through the many public deals available, but also working up new plays and potential transactions. I can quickly distil detail to identify the key issues and decide whether to progress an opportunity or drop it before wasting time and resources.

I am collaborative, preferring to persuade, but able to lead and direct a decision. As such I am a good communicator who engages positively with people of different cultures, professions and levels of seniority: from junior staff through lawyers to government Ministers.

At Transunion we identified under-explored plays in unlicensed acreage offshore Italy and applied as operator, eventually selling on the subsidiary. In Malta I worked up new plays, attracted an operator, assisted in negotiations/application and realised value by sale of an option.

Experience includes farm-ins for discovery wells in Algeria and Colombia, farmout for a 2 well carry in Madagascar, led acreage applications in Namibia and Senegal, prepared unconventional well location proposals in UK and worked up plays for applications in the UK and Netherlands. I managed an equity swap between blocks in Côte d’Ivoire and Ghana.

https://uk.linkedin.com/in/paul-howlett-55a73018

GBP latest statement "finding the right partner to fund the larger commitments on this exciting acreage, where we hold 85 per cent interests.” I believe Tullow and Africa Energy have been chasing those additional prospects in PEL 94 following C1 which are most likely stratigraphic! What Tullow won't do is the structural prospects including the East Welwitschia prospect or Gemsbok. They want some of the prospects but that's not good enough. However, what about Africa Energy? They have shown to work with the likes of Total, could they partner on trend Exxon I wonder? Cormorant This well was flagged by leading global energy research and consultancy group, Wood McKenzie as ‘one of the most watched offshore wells anywhere in the world this year (2018) It is no coincidence that GBP are to promote both their acreage and subsequently Namibia in general. The "Exxon enters: Is this a defining moment for Pancontinental?" article now applies to us. GBP has answers to present.

I think I understand the significance of the Silver Lining article regarding the award of PEL 94 fully now, as did the journalist. Have a look at the link I posted last week. https://www.google.co.uk/amp/s/finfeed.com/small-caps/energy/exxon-enters-defining-moment-pancontinental/amp/ Looking at the picture, the red zone 'Haja' on the left is the Cormorant prospect amongst Albatross, Seagull and Gannet. These have a combined total of an estimated 915 million barrels of oil and it is also worth noting that 'Additional potential exists in large 'Leads' that have also been identified.' Also in red on the link is ECO's Osprey prospect 'Razafy' in the adjacent block which is a 882m barrel prospect. On the GBP websites Albian Facies Map, it clear as day states Osprey, Cormorant and other plays in 2011A. http://www.globalpetroleum.com.au/operations/namibia Africa Energy information regarding Sasol's drill in 1995. In 1995, Sasol drilled a well in the northern part of PEL 37 that was outboard of the Albatross prospect. This well tested only an Upper Cretaceous closure that was unsuccessful. The well reached its target depth above the Aptian sequence, and it is significant that the hydrocarbon content and wetness as recorded in the well steadily increased towards the bottom of the borehole to target depth. https://www.africaenergycorp.com/operations/project-namibia-pel-37/ From this information I think it is fair to assume the Albatross prospect acted in the same way as Cormorant. Going back to the Finfeed article, there is a significant piece of information. The word 'Open' in the top left, our read across or thief channels PCL kindly described running North West into PEL 94. 'Leads have also been identified in shallower, Upper Cretaceous sandstone reservoirs on the eastern flank of the structure and ALSO IN MULTIPLE POTENTIAL RESERVOIRS in the eastern part of the Block.' The new Welwitschia East prospect was announced at the same day as receiving the news we had acquired the licence and prior to the result of Cormorant. It wasn't until you added the link to the old PEL 63 that I realised there is an obvious and significant factor, it is the same type of prospect as found in PEL 29, a large, dip and fault-closed structural trap. Now, here's the thing.. we also have those additional prospects most likely stratigraphic in the eastern licence of 94. Important info on Tullow Over the past ten years, our exploration teams in Dublin and London – and more latterly in Cape Town, following our acquisition of Energy Africa – had developed a knack for identifying stratigraphic traps. And this became our strategy, to harness all our geological creativity to go for stratigraphic traps in backwater areas.
 https://www.offshore-mag.com/articles/print/volume-70/issue-10/deepwater-triple-play-gom-brazil-west-africa/tullow-looking-to-extend-prolific-deepwater-ghanaian-play.html GBP latest state

I'm putting something together about PEL 94 / 63 /2011a and I cant sleep because of it! Light bulb moment :-)

'and are helping to promote Namibia with our partner Namcor ?' I thought the same. We have Azinam, PCL, Africa Energy for example who have spent money on drills, eco who are drill ready yet its Little old and unloved GBP at the helm?

Plus Oil leaking across the faulted flanks.. Wakey wakey!

Lula https://www.compelo.com/energy/projects/lula-oil-field-development/

Just look at the Brulpadda-1AX well and it just gets better. Not only did it prove the Aptian from Angola across to as far as South Africa, it has showed the type of successful trap within channel sandstones systems. All Sounds quite familiar!? A combined stratigraphic/structural closure. Africa Energy 2019 say These complexes contain stratigraphically and structurally trapped oil and gas within excellent reservoir quality channel sandstones that form feeders to the outboard Paddavissie Fan Systems. GBP say “Global Petroleum’s technical team is both intrigued and highly encouraged by its recent work which has confirmed the Gemsbok prospect, a structural closure extending over 200 square kms. It is unusual to identify such a large, robust structure at prospective depths which does not rely on stratigraphic trapping,” Global Petroleum said. GBP back in 2013 say Carbonate platform build-ups on large horst blocks. Brazil - Horst The syn-rift (pre-salt) stage of the Namibe Basin is typified by a series of asymmetrical horst and graben basins, in which thick sequences of fluvial-lacustrine sediments were deposited in narrow deep lakes. In analogous formations in Brazil and to the north of these basins, burial of algal blooms and plant detritus, along with anoxic bottom waters lead to the formation of a world-class source rock. Reservoir rocks range from conglomerates and sandstones shed locally from uplifted horst blocks to lacustrine and fluviatile sandstones. As active rifting ceased in the early Cretaceous, the early post-rift, or sag phase is characterised by the deposition of continental, fluvial and transgressive lagoonal rocks (Teisserenc & Villemin, 1990). On the Brazilian conjugate margin these sag phase sediments have attracted significant commercial interest since the 2006 discovery of the Lula Field (Figure 2). Topography created by the earlier rifted fault blocks provided the structure for the growth of carbonates during this sag phase, which form the main upper reservoir in Lula. The understanding of this structure has led to subsequent discoveries on both sides of the South Atlantic, e.g. the Jupiter Field. https://www.pgs.com/globalassets/technical-library/tech-lib-pdfs/seg2013_koch_etal_seg2013_prospectivity.pdf

I agree, even though today I don't like you, having knocked me down another place :-). Less important, I hope that they improve the website as a result because it is looking very very dated!!

Not me.. I thought it might have been someone changing their mind following a similar sale a few days before.