Member Info for Oilspec

Buying opened up for a bout 1 Min .but now it is locked again buys going to NT can’t buy but can sell over the bid

Up 5.8% Bid 2.70p ask 2.80p

Giving way over the bid to sell but can’t even buy 100 shares

Up 3.9%

Impossible to buy

Hmm they Up the bid to 2.60p ask 2.70p that’s better spread 1.9% up

Still in NT for buying very hard to buy hence seeing small trades going in can’t get any thing in big chunks

Buying going to NT can sell shares but can’t even buy 500 shares feel a rise is coming .

Question for you guys we are in the start of the 12th week and no CPR yet . When AGR TRACS did a CPR for 3i energy it took 6 weeks 1 day ,AGR TRACS are doing are CPR as well and it’s double the time of 3i energy who got it in 6 weeks were on 12 weeks . Question if they do have the CPR do they have to let the market no our can they hold it back and give it to the market later on .

1 mill buy just showing up time 10.43 in the morning When bid was 2.50p Ask 2.90p But could buy at 2.80p . I get it now why they dropped it on small volume it was to fill the 1 mill buy order .

GBP Management believes that the new information has significantly improved the prospectivity across block PEL 0029 in general and the Gemsbok prospect in particular. Better imaging from the new 2D data reveals that the known source rock intervals are likely to be within the oil generative window and this, combined with data showing repeating oil seeps along the faulted flanks of Gemsbok, has greatly improved the chance of a major oil discovery. Gemsbok remains the Company’s primary exploration target.”

Tullow plans Namibian probe for September 2018 . Tullow to Drill Cormorant prospect in the Walvis Basin offshore Namibia Tullow oil is aiming to start drilling on the Cormorant prospect in the Walvis Basin offshore Namibia at the start of September next year [2018], according to partner Pancontinental. The Cormorant prospect, in about 550m water depth, is part of exploration license in PEL 37. Pancontinental says Cormorant is one of a series of large oil-prone prospects in PEL 37, mapped by Tullow, using high quality 3D seismic. Pancontinental estimates Cormorant has the potential to contain 124 MMbbl unrisked, best estimate prospective resources. It puts the cumulative best estimate oil resource potential of the leading four mapped prospects in the block at 915 MMbbl recoverable. It says Cormorant is similar to many successful oil-charged turbidite or submarine fan prospects along the West African margin and is mapped covering some 226sq km at its greatest extent.  "These submarine fan plays are analogous to successful large, commercial oil finds elsewhere along the African coast, triggering ongoing interest in offshore Namibia from major oil companies and Africa specialist players," says Pancontinental. "This is amply demonstrated by the entry since mid-2017 of ONGC Videsh into the PEL 37 joint venture, Africa Energy’s entry as a shareholder in Pancontinental Namibia and the farmin of French oil major Total into a block to the south.” Drilling on Cormorant is subject to official endorsement and renewal of PEL 37 for the second renewal exploration period. Pancontinental will have an effective 20% carried interest uncapped through the cost of drilling the well. Total drill depth is estimated to be 3830m below Sea Level. Drilling time to total depth is estimated at 30 days. Pancontinental originated the PEL 37 project in 2011 and farmed out to Tullow in 2013. Tullow Namibia is now operator with 35% interest with partners ONGC Videsh (30%), Pancontinental Namibia (30%) (and owned 66.67% by Pancontinental Oil & Gas and 33.33% by Africa Energy) and Paragon Oil & Gas 5%.   Pancontinental will have an effective 20% carried interest uncapped through the cost of drilling the well.

Eco Atlantic notes Tullow Oil’s recent farm-out agreement in the Walvis Basin, Namibia Eco (Atlantic) Oil & Gas Ltd. (TSX-V:EOG / AIM: ECO), the oil and gas exploration company with licences in Guyana and Namibia, notes an article on www.upstreamonline.com (and various other publications) on Tuesday reporting Tullow Oil farming out 30% of its 65% operated interest in license PEL0037 located offshore Namibia to ONGC of India. License PEL0037 is located immediately north of the Cooper license (PEL 0030) in which Eco holds a 32.5% interest and is operator, Azinam holds 32.5%, Tullow Oil holds 25% and NAMCOR owns 10%. In addition, Tullow has an option to increase its interest on the Cooper license to 40% upon a drilling decision.  Eco's and the industry's interpretation of the farm-out news is extremely positive as it validates the attractiveness of the Walvis Basin's oil potential, confirms Tullow and partners' drilling program is scheduled for the first quarter of 2018, and it refocuses interest on a number of potential high impact wells in the basin in the next calendar year. As obviously some of Tullow's financial commitments associated with the drilling costs of PEL0037 are now lifted and shared with its new JV partner, and coupled with favourable rig rates, Eco looks forward with optimism on potential developments in the region and in particular on its own Walvis Basin blocks 030 (Cooper), 034 (Guy), 033 (Sharon), and 050 (Tamar)

OVL buys 30% stake in Namibian oil block ONGC Videsh Ltd, the overseas arm of State-owned Oil and Natural Gas Corp (ONGC), on Monday said it had acquired 30% interest in an oil block, off Namibia, from UK’s Tullow Oil. OVL did not disclose the deal value. Tullow Oil held 65% interest in the Namibian Petroleum Exploration License (PEL) 37, covering three blocks. Pancontinental Namibia (Pty) Ltd. holds 30% interest, while the remaining 5% is with Paragon Oil and Gas. OVL said it had “signed definitive binding agreements with Tullow Namibia Ltd. (Tullow), a wholly-owned subsidiary of Tullow Oil plc, on June 28, 2017 for acquiring 30% participating interest in Namibia PEL 37 for Blocks 2112A, 2012B and 2113B out of Tullow’s existing participating interest of 65% in the license“. Tullow will continue to remain an operator after the acquisition, which is subject to satisfaction of customary conditions precedents including approvals of Namibian regulatory authorities and joint venture partners, the company said in a statement. PEL 37 covers three adjacent blocks over 17,000 sq km in the central Walvis Basin offshore Namibia. To date, four large prospects and three large leads have been mapped in detail.

Eyeguy could have not put it better ,totally agree

Hmm

Mon 08:33 Price: 2.60 fundraiser222 2,559 posts 3p paid Bring on the CPR rns with huge buying volume and hardly any shares available I think 10p is highly possible here if the herd arrive on masse Mon 08:28 Price: 2.35 fundraiser222 2,559 posts 3p paid This share moves unbelievable fast can you imagine what it will do on a multibillion CPR rns!! Off Topic No Opinion Mon 08:26 Price: 2.35 fundraiser222 2,559 posts RNS logged?? Price rocketing and NT for buying hold on tight guys looks like it’s about to Report post Mon 08:23 Price: 2.35 fundraiser222 2,559 posts This will go crazy Impossible to buy any now... this will imo be in auction for a long time when the rns is released that’s why it’s key to be in before news imo Report post Mon 08:00 Price: 2.38 fundraiser222 2,559 posts This will go crazy Bodes very well indeed. Also very telling that the CEO wanted options on 6 million shares in mid November... that’s 3% of the company! Be very interesting to get that CPR rns I get the feeling gemsbok could be a world class giant prospect not long to find out got to be in it prior though to see the huge gains possible Off Topic No Opinion Off Topic No Opinion Reply to post Report post Mon 07:38 Price: 2.35 fundraiser222 2,559 posts This will go crazy The last operational update was issued intraday and I just get a feeling the CPR will be released intraday aswell. The Quarterly report is due at the end of the month and I think we will learn more about the farm out details and plans then so lots of newsflow to come after the CPR and probably the most exciting time to be in gbp over the last 7 years the sleeping giant is awakening

Cuz if look back at your previous posts your tone has changed

Hmm findraiser have you sold out at your 3p target as you said you would are looking to get back in .hmm

If there is a farm in Partner with CPR will be defo the iceing on the cake.:)