Member Info for mickey1122

Very good investment. Potentially a multi bagger short term .

Guys we were all once bullish even Skid.

Disagree in odds . The chances of nil points out the two gold projects and the oil imo is maximum 25% so it’s a 75% cert for me . I’m expecting a couple of boardroom changes along the way .

Long way to go imo

With recent news of Chevron planning up to 10 drills.

Growing activity and renewed interest across the Walvis Basin continues to highlight its potential.

Our PEL 94 licence is well positioned, and we’re currently in farm-out discussions.

Any material progress will be announced to the market.

#GEO

GEO holds a 78% participating interest in Petroleum Exploration Licence (PEL) 0094 (Block 2011A) in the Walvis Basin, offshore NW Namibia. This covers 5,798 square kilometres in water depths ranging from 450 metres to 1550 metres. State oil company NAMCOR has a 17% carried interest and private company Aloe Investments Two Hundred and Two (PTY) Ltd has a 5% carried interest. Geo also previously held PEL 0029 from 2010 until its expiry in December 2020.

The entire Walvis Basin is significantly under-explored although the wells drilled to date have encountered multiple source rocks and reservoir intervals and, in a number of cases, hydrocarbon shows. Only eight wells have been drilled to date – by Norsk Hydro, Sasol, Ranger, HRT, Repsol and, most recently in 2018, by Tullow and Chariot. Of the wells drilled in the Walvis Basin, Geo regards the HRT operated Wingat-1 well as being the most significant in that liquid hydrocarbons were recovered from the Aptian interval, thus establishing for the first time that a source rock has charged oil into a trap in the Walvis Basin.

In 2017 GEO completed an infill 2D seismic program of 840km across the adjacent PEL0029 licence with particular focus on the primary prospect Gemsbok. The subsequent interpretation confirmed three prospective, very large, fault and dip-closed structures: Gemsbok, Lion (which can be sub-divided into Lion North and Lion South) and Dik-Dik.

GEO was encouraged enough to apply for Block 2011A to the east where similar plays are seen in the Welwitschia Deep structure, as well as other plays, which have been demonstrated elsewhere in the Walvis Basin. A Petroleum Agreement for this acreage was signed with the Namibian Government and our partners in September 2018 and the PEL0094 licence was subsequently issued. GEO has mapped 3D and 2D seismic across the basin and across this licence and confirmed that the source rock is present and is able to charge oil into the significant portfolio of prospects and leads.

Namibia has attractive fiscal terms and an excellent working environment

I dont believe this Chaotic CEO

That's great

Very tempted to

Soooo close to rerate imo

The green is annoying me and others posters responding

Others were more reserved but Omar said CB was confident results will be in as far as I can recall , they better hurry up.

Omar stuck his neck out on the AGM after chat confidently say results on course , big call for his street Cred!

Think he means 25p surely

100% Mr P! Not that anything will stop this beauty x20

Outrageous BUY !!!

Seemingly friendly with Omar

We have the genius geologist

Come to think of it ?

That will come out in time , they don’t know the results