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Totalenergies, Shell and Namcor are in town next week....maybe JA will be pressing the flesh. Gla ;-)

Africa Energies Summit

Join us for Africa's Premier Global Energy Showcase

17th -19th May 2022, The May Fair London

The Africa Energies Summit brings together Africa’s energy industry for a unique event shaped for companies active in Africa’s energy game and provides unrivalled insight into the Continent’s fast changing energy landscape. The Africa Energies Summit will be hybrid event, encompassing an in-person conference in London in which an online audience also participates.

Hear directly from key players and decision-makers from corporate players active in Africa through to fast-moving independents, finance, legal and service & supply companies and African governments and NOC’s seeking investors.

Visit the website here. 

https://www.frontierenergy.network/events/africa-energies-summit-2022

Profit takers done??? Back to 0.3p if you want some....Friday's late buying volume was very suggestive of those in the know....Gla :-)

Higher highs and Higher lows in anticipation of Transformational news....this will bounce big just as soon as the latest batch of profit takers are done, and bounce very big when news arrives. Gla holders, hold on tight and enjoy the ride!!! :-)

Lol ballard..yep, a bit of a shock for you as the sp heads North!!! Gla Holders.....BIG NEWS COMING SOON!!! On and UP!!!! ;-)

Higher highs and higher lows as Tower's sp re-rates to from now on in, to reflect world class prospects and potential with news expected imminently. Gla Holders.....On and UP!!! ;-)

Ahead of the African Energy Week (AEW), Africa’s premier event for the oil and gas sector, which will be held under the theme “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” the African Energy Chamber (AEC) (www.EnergyChamber.org) spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia, in an exclusive interview, about the company’s vision in one of Africa’s emerging hydrocarbons market and the role the country can play in improving energy security across the region.

ExxonMobil is planning to expand its operations in Namibia. Can you tell us more about what you are doing and what we can expect?

ExxonMobil is kind of behind. It is still early in the game in terms of exploration and it is not clear where ExxonMobil is moving towards in terms of drilling. We are still in the very early stages of analysis in trying to figure out whether there are viable prospects or not. The discoveries made by Shell and TotalEnergies make it more exciting and Namibia a more viable space to explore. We hope the government will be more understanding in terms of the time we need to keep on analyzing. We hope by the time we might need to ask the government for more time to continue with our analysis, they will work with us. We do want to continue exploring but we just need more time.

https://www.google.com/amp/s/www.socialnews.xyz/2022/04/28/exxonmobil-and-the-future-of-namibias-hydrocarbons-market/amp/

Any offshore Namibian acerage with similar geology to the Orange Basin will be under due diligence imho....Gla ;-)

Venus, Graff wells open frontier oil play offshore Namibia

Growing regional demand for fresh energy sources driving E&P activity.

April 28, 2022

SOUTHERN AFRICA is consolidating its position as an exploration hotspot. Recent activity led by the majors has confirmed Namibia’s long-suspected deepwater potential, building on TotalEnergies’ earlier successes with the drillbit off South Africa.

After decades of sporadic false dawns, exploration drilling off Namibia finally delivered earlier this year with two breakthrough oil discoveries. Shell’s Graff, reportedly containing up to 500 MMbbl recoverable, was quickly followed by the TotalEnergies-operated Venus, which some reports suggest could be one of the biggest fields discovered anywhere offshore Sub-Saharan Africa. Both are in adjacent blocks in the Orange basin, and were the first ultra-deepwater wells drilled anywhere offshore Namibia.

Prior drilling had focused mainly on targets in relatively shallow water. ....................

Although Tower’s Namibian blocks are a long way north of Graff-1, the drilling results are relevant, the company said, because its license area contains numerous prospects and leads in Cretaceous turbidites, Albian carbonates and early Cretaceous clastics, along with stratigraphic intervals that correlate with Lower Cretaceous rocks that are buried at a depth within the light oil window. Graff-1 has shown that these source rocks can potentially produce oil in sufficient quantities to charge large reservoirs, Tower added. One well drilled by Norsk Hydro on the company’s acreage in the mid-1990s recovered light oil from Albian carbonates.

https://www.offshore-mag.com/home/article/14235448/venus-graff-wells-open-frontier-oil-play-offshore-namibia

Hopefully we'll find out on Monday , and GBP's 7% rise only began after Tower sp had risen to almost 40%, and so I reckon Tower related, and hopefully good news from Cameroon.....Roll on Monday.....Gla holders....All good things....:-)

120m plus shares traded in the last hour and a half into Friday's close, the majority buys, 75m plus and the rest profit takers on the impressive rise in sp, suggests an RNS has been logged for Monday morning imho....Good news from Cameroon, Namibia or SA will see this fly...1p plus plus plus if you wants some come 8am with any luck!!! Gla holders...let's hope JA is about to deliver some "Transformational" news...All good things...On and UP!!! :-)

Venus, Graff wells open frontier oil play offshore Namibia

Growing regional demand for fresh energy sources driving E&P activity.

April 28, 2022

Although Tower’s Namibian blocks are a long way north of Graff-1, the drilling results are relevant, the company said, because its license area contains numerous prospects and leads in Cretaceous turbidites, Albian carbonates and early Cretaceous clastics, along with stratigraphic intervals that correlate with Lower Cretaceous rocks that are buried at a depth within the light oil window. Graff-1 has shown that these source rocks can potentially produce oil in sufficient quantities to charge large reservoirs, Tower added. One well drilled by Norsk Hydro on the company’s acreage in the mid-1990s recovered light oil from Albian carbonates.

https://www.offshore-mag.com/home/article/14235448/venus-graff-wells-open-frontier-oil-play-offshore-namibia

Maybe analysing who has the most viable prospects, Exxon or Tower!!!??? Gla :-)

Ahead of the African Energy Week (AEW), Africa’s premier event for the oil and gas sector, which will be held under the theme “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” the African Energy Chamber (AEC) (www.EnergyChamber.org) spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia, in an exclusive interview, about the company’s vision in one of Africa’s emerging hydrocarbons market and the role the country can play in improving energy security across the region.

ExxonMobil is planning to expand its operations in Namibia. Can you tell us more about what you are doing and what we can expect?

ExxonMobil is kind of behind. It is still early in the game in terms of exploration and it is not clear where ExxonMobil is moving towards in terms of drilling. We are still in the very early stages of analysis in trying to figure out whether there are viable prospects or not. The discoveries made by Shell and TotalEnergies make it more exciting and Namibia a more viable space to explore. We hope the government will be more understanding in terms of the time we need to keep on analyzing. We hope by the time we might need to ask the government for more time to continue with our analysis, they will work with us. We do want to continue exploring but we just need more time.

https://www.google.com/amp/s/www.socialnews.xyz/2022/04/28/exxonmobil-and-the-future-of-namibias-hydrocarbons-market/amp/

Total (TTE) announced the company hit oil at its Venus-1 exploration well in Namibia during February; shortly following the announcement, Upstream reported the find could be "at least" 3 billion barrels -- Tuesday, Upstream sources indicate the find could exceed 13 billion barrels.

If the three sources cited by Upstream are correct, Venus-1 would be the largest deep-water find in history, surpassing the Petrobras (PBR) find at Buzios.

The above resource estimates exclude what Upstream believes could be an additional 20TCF of natural gas; an appraisal campaign is set to begin later this year.

Early indications suggest the well could extend to the neighboring block, where Shell's (SHEL) Graff discovery has shown encouraging results.

Total (TTE) is set to release Q1 results later this week; however, a spokesperson for the firm poured cold water on near-term project update expectations, saying "until such time the appraisal program is completed, there will be no new elements to communicate since the announcement made (in) February."

Namibia: Oil Giants Arrive At Walvis Bay

27 APRIL 2022

The Namibian (Windhoek)

By FLORIS STEENKAMP

THE semi-submersible oil rig, the Helix, arrived at the Walvis Bay Port recently for in-water repairs and maintenance.

The arrival of the rig coincided with the arrival of the oil-drilling ship, the Ensco DS-10.

The Ensco DS-10 has pinned Namibia's latest oil discovery off the coast of Oranjemund in 2021.

The Helix is awaiting a new oil-drilling contract off the coast of West Africa.

Apart from positioning itself as an import and export hub between international markets and the markets of landlocked neighbouring countries in the Southern African Development Community, Walvis Bay is also actively promoted as a ship and oil rig repair hub.

Hout Bay on the Cape Peninsula, South Africa is at least 60 kilometres from where TotalEnergies could drill

TotalEnergies prepares for new Orange basin wildcat campaign

Supermajor could drill up to five wells on a virgin deepwater tract offshore South Africa

26 April 2022 11:51 GMT 

0.3p plus plus by close nailed on if this keeps UP....Good news on the Cameroon $15m farmin will see this explode into action.....News expected imminently!!! Gla :-)

Get UP there!!! Good news on Cameroon will send this into orbit, as will any JV partner interest for Namibia or SA...a multi-bag in a blink!!! Gla :-)

C'mon JA, let's get Cameroon sorted one way or another!!! This will explode into life if JA confirms completion of the $15m farmin for NJOM-3 Cameroon prospect with its industry 80% COS located in a proven producing oil basin. Gla holders.:-)

Tower's block has the third largest acerage, awash with the same source rocks with muliple potential billion barrel features, structures and traps....and is one of the few blocks that offers a Major to take a controlling stake....i'm sure Namcor and Qatar along with a few other suitors must be casting an eye, bouyed by Venus and Graff's success. Gl ;-)

NAMCOR, Qatar Energy Sign Cooperation Agreement

Posted March 7, 2022

Qatar Energy and NAMCOR will co-develop a sustainable upstream oil and gas sector, increase exploration activities, improve production infrastructure development and up-skill the workforce in line with changing business models within the oil and gas sector across Namibia.

The two firms will also collaborate to create new investment opportunities across the oil and gas value chain.

https://energycapitalpower.com/namcor-qatar-energy-sign-cooperation-agreement/