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More rumours on Total's Venus coming in.....

++++++++

https://mobile.twitter.com/Stoxlines/status/1491353363807895552

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/020422-shell-discovers-light-oil-offshore-namibia-in-first-for-southern-african-country

Just released this afternoon:...

https://mobile.twitter.com/PetroleumGlobal/status/1491075814443872257

Shell’s Sizeable Oil Discovery in Namibia Means Huge Opportunity For Economic Growth

https://african.business/2022/02/apo-newsfeed/shells-sizeable-oil-discovery-in-namibia-means-huge-opportunity-for-economic-growth/

GBP's Marula also mentioned in today's article:

https://www.energyvoice.com/oilandgas/africa/ep-africa/385917/eco-azinam-graff-shell/

Eco firms up Azinam deal amid Graff fervour

Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.

8th Feb

https://www.energyvoice.com/oilandgas/africa/ep-africa/385917/eco-azinam-graff-shell/

https://www.reuters.com/business/energy/namibia-aims-first-ever-oil-output-by-2026-after-shell-discovery-2022-02-07/

*** Global believes that the Graff-1 discovery has positive implications for the Company's PEL 94 licence ***

positive

RNS out indeed!....

Has everyone seen the Mackenzie report on Graff-1?

700 million bbls recoverable

with an upside to 1 billion barrels

Wow!

Between 500 million and 1 Billion barrels discovery,
700 million barrels recoverable!...

That's a lot more than was previously stated in some news articles.

Apparently two more attractive prospects have been identified near Graff-1...

https://www.upstreamonline.com/exploration/shell-mulls-options-for-namibia-wildcat/2-1-701237

I would expect drilling plans to be revealed soon for the next well Graff-2 later this year.

And maybe Graff-3 and-4 are also in the pipeline soon budget and permit permitting.

Let's first see what Total's Venus-1 brings, news imminent after 2 months.

And curious to see other operator's plans this year in the local wider area.

Venus also coming in with positive drilling results would be a catalyst imo. We now know the oil trap is proven. Abundance of light oil discovery so the word goes, relatively easy to process also.

https://oilprice.com/Energy/Energy-General/Shell-Is-Betting-Big-On-Namibias-Oil-Boom.html

Trust me...

with oil prices above 90 USD/bbl a lot is possible ;-)

Profit margins increasing massively

Look at the oil price!...

Nearly 93 USD per barrel

Unbelievable really

https://www.energyvoice.com/oilandgas/africa/ep-africa/385323/namibia-shell-namcor-graff/

https://www.upstreamonline.com/exploration/lift-off-namibia-confirms-shells-graff-1-wildat-as-an-oil-discovery/2-1-1163392

tiny spread is good :-)