Member Info for Marmited

I agree Inves... their farm out mandate is still out there and it doesn't sound to me as if it would be a company that would generate rumours about a possible farm out x months ahead..However, ours disappeared for some reason and from memory it was around July? another coincidence perhaps? then notification only recently that it was terminated by us..

Tullow have been mentioned in just about every RNS since July..

30th July Quarterly Report
19th Sep New Licence
26th Sep Annual Results
2nd Oct Response to Commorant
29th Oct Quarterly report

Very Interesting!...

TULLOW - UPCOMING EVENT: CAPITAL MARKETS DAY - 29 November 2018, 13:30 - 17:00 (GMT)

Tullow Oil will hold a Capital Markets Event during the afternoon of Thursday 29 November 2018 in central London. Presentations will be given by members of the management team to provide insights into the Group's strategy and key areas of operations. The event will also be broadcast live and saved on our website www.tullowoil.com/reports.

https://www.sharesmagazine.co.uk/news/market/6207554/November-Trading-Statement

GBP ....

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of Shareholders of Global Petroleum Limited (Company) will be held at 11.00 am (AEST) on Thursday, 29 November 2018 at the offices of DW Accounting & Advisory, Level 4, 91 William Street, Melbourne, Victoria (Meeting).

Perhaps a coincidence?

It'll show up later at some point as a delayed trade looking like a sell.. :-)

Ha, a bit cheeky but I’m sure they will still ignore you as they can’t give you insider info like that!

Only 10 days until resolution 4 and hopefully accompanied with an explanation for this resolution.. this hopefully should also go on to explain the reason for terminating the arrangement with Stellar after all it was only on 19th Sep that Peter Hill, Global Petroleum’s CEO, commented “It is clear that oil and gas industry interest in offshore Namibia has accelerated greatly in recent months” and only in the June quarterly report it was announced “The farmout process is still underway following renewed interest created by presentations conducted by the Company during May 2018, with data room participation continuing into July.”

We have ‘read across’ from C1 which produced significant quantities of oil at the source kitchen. September, a few days prior to the C1 results GBP stated “Our immediate obligations can be completed at relatively low cost to us, and the potential advantages of read across from drilling activity by other industry participants are clear.” There is no messing about in this statement from our board.. the advantages are ‘clear’.

Following the results of C1 Garrett Soden CEO Africa Energy said - C1 not a disappointment but an opportunity for investors.. It was a geological success, WE PROVED THE PLAY, encountered a 50m thick submarine fan but no 'accumulated' hydrocarbons. - 'Wet gas signatures, indicative of oil, were first encountered in the overlying shale section and persisted throughout the target interval, indicating that there has been significant hydrocarbon generation in the area.' This clearly means as far as Africa Energy are concerned, and surely Tullow being their partner in C1, in our new PEL 10 block (now 94), the play is proven and as far as our board are concerned, this is the same play as PEL 29.

Adding the information from 2011 – TRP CPR
2.3 Oil seeps/slicks
The NPA report discusses a number of oil slicks in the east of the 0010 Licence, which they categorise as evidence that either oil was generated near the Namibian coast, or oil-spills from passing vessels, or seeps from a trap alongside gas bubbles. They note that the slicks are not over any closures. In our view the report is a useful indicator.

This is around the read across location announced by GBP, East of Pel 10 (now 94), now a ‘proven play’ announced by Garrett Soden CEO of Africa Energy.. it ‘now’ fits perfectly as evidence that oil was generated near the Namibian coast and evidence that migration has occurred from Pel 37 – C1 drill.

That's not impossible..

“Oddly enough, to have several dry holes in it, it is an area that is still garnering a good deal of attention,” Henderson (Kosmos) said. So once again we come back to the same question.. Why terminate the Stellar mandate so soon?

Our website - In Block 2011A a survey recovered thermogenic gas from seabed cores, which suggests that of the oil and gas generated by the Aptian source rock, the gas has leaked up through a large fault that underlies these cores, whereas the oil has been trapped in the sub-surface. Also visible on the seismic in Block 2011A is a very large area of shallow gas above the large fault and, whilst this will never be a commercial accumulation, it does, with the evidence of thermogenic gas from the seabed cores, indicate a working source rock in Block 2011A. The reference to a very large area of shallow gas visible on seismic suggests we have confirmation of an effective trap..

Ooo! Could be! Great find J! I'm guessing Africa energy in for 25% of the company first.. hence the delay/lining up.. then perhaps Tullow?

Welcome! I'm not sure if you have been following this BB but if not, there are months and months of ideas and research to look back on to assist in drawing you're own conclusions. We are in the belief of a positive outcome here one way or another and that being very soon.. but we do have ART123 who pops up now and again (around RNS's) to keep us is check and somewhat attempt to balance views! :-)

Slightly different wording on this article ref TRP's new agreement which again points to a change in attitude?

Previous drilling for oil and gas in Namibia, irrespective of the outcome, has placed the country, and particularly the Walvis Basin and Dolphin Graben, in a vantage position that cannot be ignored as they “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.”

A vantage position that cannot be ignored???

https://www.oedigital.com/subsea/item/17557-optimistic-tower-resources-returns-to-namibia

Ah, that's what these BB's are for..

I agree with that. We have discussed the fundamentals in as much detail as humanly possible this last 6 months.. :-)

Then there is that huge red zone to the east of Pel 94 which cuts across both GBP's and TRP's blocks.. and it looks massive! :-)

Ha! stop deramping :-)

Gemsbok, Lion and Dik Dik in Pel 29 have a high estimate of 9.6 billion barrels..

Ooooo... popped up again on no trades..

The hunger among such companies to bag exploration licenses all over the continent -- from offshore Congo to Cote d'Ivoire, Gabon, Gambia, Namibia and Uganda -- bodes well. https://www.spglobal.com/platts/en/market-insights/latest-news/oil/111218-feature-africas-upstream-oil-sector-showing-new-sense-of-purpose

Perhaps the word hint rather than proof :-)

Now add.. 'the right deal' quote.. Just maybe this is proof as to a deal was dependant on who was awarded the block covering the Dolphin Graben.. News received so quickly meaning.. we got it..

You got it.. it's worth pointing out both TRP and GBP have history.. https://www.stockopedia.com/content/tower-resources-agrees-new-deal-with-global-petroleum-over-uganda-licence-43687/ TRP have only just been awarded these 3 licences again after not hold a licences for a period of time, how will they know about the Walvis Basin and Dolphin Graben, in particular in reference to the following? '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". The Dolphin Graben is a very specific area.. an area located in the east of 94 that GBP are referring to as read across. Page 9 https://www.towerresources.co.uk/files/TRP_CorporatePresentation_0114.pdf