Member Info for Marmited

whoops, just noted another date... 6th September.. makes more sense!

I think we have a list..

Tullow
Africa Energy
Exxon
Galp
ONGC Videsh
Azinam

This web page is dated 25th September 2018

There are 4 blocks under negotiation, one of which is ours. I am sure it is just a minor error as our block was acquired a week earlier on the 19th September. However, someone is acquiring blocks 1910A, 1911 and 1912B.

(Figure 1 – Historic wells & planned drilling over Namibia’s offshore acreage)

https://info.drillinginfo.com/category/international-energy-oil-and-gas/

Seems an awful lot of acreage just for TRP? more to come here?

Also..

The Cretaceous turbidite trend in the Walvis Basin could be explored beyond these two firm wells, with the drilling of the Osprey 1 NFW in Eco Atlantic’s 2012A block. Tullow and ONGC are in the process of acquiring equity in 2012A. Tullow is yet to finalise this two-phase transaction, which would see it become operator and share the well-costs. The decision to move forward with the second-half of this farm-in agreement will depend on the success of Cormorant 1, which is being drilled in the adjacent block to the south.

Nothing yet but any day now. Those licences look tasty too!

COMPETENT PERSONS REPORT (“CPR”)
Valuation of the Assets of Neptune Petroleum (Namibia) Ltd

Page19 of 47

2.2 Shows in the Well 1911-15
Although no oil shows or oil-cut (carbon-tetrachloride-solvent-extracted) were observed while drilling, some pale fluorescence was seen in the drill cuttings. However the more intriguing and encouraging data are from one Albian carbonate core (3650-3750m) where gas chromatograms from core-extracts demonstrated lighter-ends. They also showed “low isoprenoid /n-alkane ratios and C-preference indices near 1.0. We believe these are evidence, among other indicators, that a mature source rock yielded these traces of residual oil. Holtar and Forsberg (2000) concluded that these hydrocarbons may have migrated from a mature source kitchen, either in a liquid phase as light oil or in a gaseous phase as a condensate. The authors were not able to be precise about the location of the source, however.

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.

Strong indicators mentioned and seen at least as far as 2011 for secondary migration to the eastern side of our block PEL 10.

https://www.towerresources.co.uk/files/Namibia_Licence0010_Tower_CPR_Letter.pdf

J will need a holdings RNS by Christmas!

I noticed something else about them..

09:30 53,940
09:35 53,940
12:18 100,000

Total during normal market hours = 207,880

16:47 After hours trade = 207,880

Really is quite mad..

Worth reading the silver lining article again, feels different today :-) https://mobile.offshoreenergytoday.com/global-petroleum-finds-silver-lining-in-tullows-dry-well/

Ha! Thanks for the compliment! Well.. if we can see it.. I'm sure they can too.. tick tock...

Exactly.. good enough for Exxon. I'm running out of pointers, so so many.. it feels like a huge advertising board could be placed with a flashing arrow pointing down stating 'oil here, drill me' and yet they would still not notice. Crazy!

https://www.google.co.uk/amp/s/www.marketscreener.com/amp/PANCONTINENTAL-OIL-GAS-10353093/news/Pancontinental-Oil-Gas-NL-ExxonMobil-enters-Namibia-next-to-Pancontinental-25929470/ Click on the original link at the bottom..

Here it is.. page 12 - courtesy of ECO. https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2016_06/eco-atlantic-pres.pdf

HRT's wingat well makes some sense don't you think? :-)

I am desperately trying to find that info I posted about that oil slick/seepage seen east of the delta prospect on PEL 10, possibly dismissed as a leak from a boat.. do you remember? perhaps it's not such a mystery now and is actually a hydrocarbon indicator..

Exxon look to have assets in the same fairway as GBP. But are they at the wrong end of the fairway, with current data' Ah, but look at page 2! The answer is here J.. Exxon are in exact correlation to our PEL 10.. we are north, they are south.. both structural highs from the source kitchen below Tullow's and ECO's structural low toes... Osprey, fan 2, larger fan 3, Cormorant, Seagull Gannet North, Seagull Gannet South and Albatross will absolutely most likely migrate to a higher zones. Use the regional structure high and regional structure low indicators in picture 2 (Legend) http://clients2.weblink.com.au/news/pdf_2%5C01947424.pdf

Tullow Oil will abandon the Cormorant 1 exploration well in the PEL-37 licence offshore Namibia, but data gathered so far suggests the area has potential, the company said on Monday. I like the word area rather than the word licence! http://interfaxenergy.com/gasdaily/article/32673/tullow-to-abandon-cormorant-1-well-offshore-namibia

Good! Looking forward to those..

Trying to piece together the jigsaw is hard with limited info but a story is unfolding and it fits..

From TRP in September So yes J, do TRP now believe the prospectively on the remainder of the PEL 10 to the east is a secondary migration zone?

It will be interesting to watch what happens next. Is it possible Char were unable to farm out following C1 as their licence sat above the source kitchen sealed by similar shales? Have they already learnt migration is lateral not vertical? Did the area produce prolific hydrocarbons like C1? Has that also migrated west? Questions questions.. Will ECO's drill actually go ahead!? It is a good question.. if it does.. we want the same result as C1..I've never been in a position hoping a drill will ONLY have technical success..