RE: Buy under 0.30 while you have the chance24 Jul 2025 10:04
Key Highlights PEL 94
- 23 % uplift in unrisked licence‑wide prospective resources to c. 4.31 billion barrels (mean).
- 618 million barrels (MMbbl) unrisked net mean now further attributable to GEO's 78% working interest (103 MMbbl risk‑adjusted) in PEL94.
- Prime Walvis Basin "sweet‑spot" location in 350-1 550 m water depths; regional successes in the Namibia's Orange Basin (Venus, Graff, Mopane) underline the country's deep‑water potential.
JV being hopefully negotiated presently and news as mentioned any day. Complaints that it’s taking its time but these things do and a decent deal for GEO I believe will be very rewarding going forward for shareholders.