Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
… and will be designed to store gas initially but switchable to hydrogen further down the line WHEN ( not IF) this becomes the fuel of choice. As such, much greater value in the contracts than there was 18 months ago. We can’t be held to ransom by the Russians without doing anything about it… it’s a risk to national security and our way of life. Enter HARL !
You only need look at the posts on this BB between 12:30 & 12:46 today. Various posters observed that, at that point in time, they couldn’t buy any shares but that they could sell any number. A few minutes later another poster pointed out that the SP was now rising again. Since the 800k+ trade was being processed at that time, it was almost certainly a Buy.
Take a listen.“Preferred bidder”… means it’s H&W’s contract in reality.Share price heading back to 2019 highs of @£1.50.Someone else posted this link yesterday… it’s really worth listening to.https://m.youtube.com/watch?v=R-qII93JXqA&feature=youtu.be
I think it’s better that we have collaboration with the Spanish and take the technology transfer & training which will ensure that HW can complete this contract & future contracts on budget and on time. Longer term, that’s got to be a good thing for HM Gov & UK taxpayers as bids are made by UK ship builders for the pipeline of new HM ships in the future.
Janitor… I’ve listened to the Q&A session and topped up on the strength of the Gov Ministers responses. He pretty much silenced all of the challengers and offered huge reassurances as to the “overwhelming majority of jobs being created in the UK and not Spain”. In addition he homed in on the £77million investment into HW and emphasised that this was to ensure a future proof pipeline so that, going forward from now, ALL HM GOVMT procured ships could be built in the UK. He then highlighted the “bright future” for HW because of this investment. Hence, I’ve bought more :)
https://twitter.com/marketgem/status/1577633072861675521?s=46&t=FFyt9VCw9oktqyD41Z0LrA
Just a timely reminder to that the Shell & TotalEnergies appraisal projects are due to start any time now. This is what expected to accelerate EVEN FURTHER the interest already being shown in the GBP licences. It’s a case of positioning yourself for lift off !! Good luck everyone.
News imminent from Eco Atlantics Gazania drill in much shallower waters close to the Shell & Total discoveries. Already priced in over at ECO but, with GBP SP still very low there is room for upward movement here. Yes, it’s much further south than the Walvis Basin but it’s all part of the ‘proving up’ journey for the region.
Scroll down to the post from Jamie Vinnels, Geologist. Global Petroleum mentioned in company with Shell and other majors as potential beneficiaries of the Namibian oil discoveries. Extremely encouraging !
https://na.linkedin.com/posts/joel-ndangi-iyambo-33641828_drilling-mining-namibia-activity-6968995901939810304-6fxF
Things are starting to get interesting again. Hot on the heels of GBPs £800,000 fund raise, PanContinental are now seeking a completely new long term licence for PEL37, which is adjacent to GBPs PEL94 in Walvis Bay. This is instead of extending their existing licence for a shorter term. Clearly, PanContinental wish to secure their presence at Walvis.
I see this as positive news for GBP, especially given that PanContinental have a 75% interest in PEL87 in The Orange Basin, where the enormous discoveries have recently been made by Shell & Total. Just like GBP, PanContinental are citing geological similarities between PEL37 and the Orange Basin discoveries. I got back in to GBP earlier this week. Good luck all
I posted previously how the licence extension was not an issue and that I’d received information that the application had been submitted. So for me, yesterdays news simply confirmed that a routine process had been completed.
Reading between the lines, we do not yet have a potential farm in partner which, in my mind, now causes concerns around funding. From the Oct 2021 Final Year End results RNS;
“In August 2021, Global notified the Ministry of Mines and Energy of its intention to enter into the remaining one year of the PEL0094 Initial Exploration Period, expiring in September 2022. The commitment for this period is to shoot a 2,000 square kilometre 3D seismic data survey, which the Company intends to fund via farm-out, as above.“
So then, is the company simply going to sit tight and hope that, in time, a farm in partner will emerge? Or must it now raise funds itself to shoot the required 3D seismic data survey. I think this is now the key issue.
Good news in the longer term but it seems that our shorter term hopes & expectations (farm out partner being secured in April/May) are not going to materialise;
“ Accordingly, the Company intends to keep under review the PEL 94 farmout process and, in particular, the timetable, having due regard also to the flexibility now provided by the licence extension”
Unless, of course, a prospective partner has said “first you must extend the licence… then we will table our offer “
Who knows ? :(
Morning Hutiesman. No, I don’t have any rumours at the minute although, I’m keeping my ear to the ground. As you know, I had a good contact a little while back but they have gone quiet on me. The last whisper I got was that TotalEnergies were sniffing at the farm in opportunity but that was a while ago now and I struggled to reconcile this against GBPs decision to extend the deadline for expressions of interest. If I were to speculate, I’d say that the bidders had the upper hand at the end of February and it’s possible that ‘cheeky’ offers would have been made. GBP may have gambled on the Graff and/or Venus wells being further proven by the end of April…. thus strengthening GBPs position too. So with Graff volumes being much higher than they were in Feb, GBP might be able to strike out a much better deal. Unfortunately, just speculation… not fact.
Just to add a little more to what Investor is saying. It is in the farm out partner’s best interest to do the deal NOW when the licence extension is available. If that doesn’t happen for some reason it absolutely IS NOT game over for GBP in Namibia. They would then need to go to Plan B which is to RENEW the licence. Of course, that would cost money so is not the preferred option, they’d have no problem raising the money though given the current excitement about offshore Namibia. However, those additional costs would have to be reflected in the eventual farm out terms, meaning that the new partner would not get as good a deal as they could get today with the licence extension available. Now is absolutely the best time for a farm out partner to do a deal and I still fully expect this to happen. I just hope I can scrape together some funds to jump back in again and enjoy the ride.
ARahim …. you’ve completely and utterly made that up.
***** …. maybe the amount of research I’ve done created perceptions in your mind that I was a large holder, but that was not the case. Some of the holdings I’ve seen mentioned on here are very impressive, but way out of my league. I just enjoyed doing the research and sharing my findings with others, not much more to it than that really
Good luck to both of you.