Member Info for Thenorseman

After many years I have bought back in, also because of Eco Atlantics 3B/4B disappointing CPR released yesterday.

RKH has 35% of half a billion barrels fully appraised in a location with very low taxes not subject to tax grab by politicians like in the UK or Brazil.

The there is the Italian money due .. hopefully, and maybe something happening in the South Basin.

So what is there not to like?

Good luck all holders
N.

Reservoir of Albian age same as Venus AND OUR 1.919 BILION (Best estimate) SF-1-A PROSPECT in 3B/4/B. Thats what I understand anyway.

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One exploration hand told Upstream that Jonker-1 “came in big” in the main Cretaceous target, which suggests that Shell has made a significant oil discovery close to the western limits of Block 2913A.
Another source familiar with southern Africa said Shell’s main objective was a Middle Cretaceous reservoir of Albian age — the same reservoir that has proven so successful at Venus — instead of the Upper Cretaceous discoveries made at Graff and La Rona.
A third source remarked that Shell could announce the discovery early next week, perhaps on Monday.

https://www.stellarlimited.com/maurel-prom-namibia/

Nice!!! Five-well drilling campaign lined up for 2023 in Namibia's Walvis basin where Maurel & Prom plans to spud debut well late next year in about 1000 metres in their Block 2212B which is sat BETWEEN our Sharon and Tamar/Guy licences!!!!!’

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https://www.upstreamonline.com/exclusive/taking-flight-five-well-drilling-campaign-lined-up-for-2023-in-namibias-walvis-basin/2-1-1365844
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French independent Maurel & Prom (M&P) is gearing up to start a potential five-well drilling campaign offshore Namibia in 2023, as wildcatting fever continues to grip this global exploration hot spot.
Shell and TotalEnergies are also set to begin major appraisal and exploration drilling campaigns next year, chasing upsides to their huge Graff and Venus discoveries in the Orange basin, while other players in the area, such as Chevron and BW Energy are also refining and accelerating drilling and seismic survey plans.
This drilling contagion is also spreading to the Walvis basin to the north where M&P aims to drill two wells in Block 2212B — or Petroleum Exploration Licence 44 — with three or more probes to follow, depending on initial results.
The Paris-based operator has already identified five specific drilling locations, targeting three prospects — Aurora, Serenade and Harmony — in the northeast of the exploration licence and plans to spud the first probe in late 2023.
Aurora-1 will be drilled in a water depth of 1272 metres, while Serenade-1 will be drilled in 926 metres of water and Harmony-1 in 1030 metres.
It is unclear which two of these three well will be drilled or in which order.
However, given the specifics of the proposed drilling campaign, it would appear that Auroro and Serenade are they preferred targets.
Based on interpretation of 3D seismic data, the operator believes the block may be oil-prone, according to an environmental statement filed with the Namibian government.
Block 2212B is located immediately south of a block that hosts a well — Wingat-1 — drilled in 2013 by now defunct Brazilian company HRT, which established the presence of a working petroleum system and a light oil play.
That probe was one of three successive — and expensive — wells that HRT drilled in 2013 in the Walvis basin, none of which were found viable oil volumes, but contributed to the company’s demise.
This failed exploration campaign plus a problem on a Brazil asset, saw HRT hit with a near $1 billion impairment in money of the day terms.
The environmental report field by M&P described the Walvis basin as “appealing” from an exploration point of view, the environmental filing added: “The likely presence of petroleum systems and potential hydrocarbon occurrences within… PEL 44 cannot be under-estimated, hence the reason M&P is proposing to drill multiple wells.”
M&P’s operations base will be Walvis Bay 185-195 kilometres from the drilling area, while helicopters could fly from either Walvis Bay airport or Arandis airport, northeast of Swakopmund.

This means they have selected the preferred farminee and agreed the main stufg and are now negotiating with a view to agree the final desl including all the small stuff?

rionel, I think the best way forward for Tullow is to farm out say half their 60% share in the Orinduick block, to get some carry. Im sure Hess and or Exxon would like to get their hands on more acreage.

I think the rig is heading to Mauretania next to P&A some wells for Tullow.

PS: I think the crew are on a 3/3 rotation whilst in Africa

Regards
N.

The 2022 CPR has P10 984 million barrels recoverable for Pelargonium, Namaqualand and Gazania together.

My boots are filled!

https://africaenergycorp.com/site/assets/files/92551/2018-11-block-2b-aow.pdf?12zbnw

Page 14 shows what Africa Energy thought on drilling time.

hTtps://www.equivest.capital/post/eco-atlantic-most-undervalued-oil-exploration-play-of-22

I was thinking the same…..update on progress implies they will update before final well results

That makes sense

Thank you for posting Newanda. The flare boom is on the corner of the rig as shown on photo link below.

Sort of fits with your observations

https://www.fleetmon.com/vessels/island-innovator_0_3016693/photos/661666/

Think you can safely assume BP is not joining for oil exploration.

«However, BP, which has made much of its green credentials, could be missing a beat with Namibia because the arid country is not all about hydrocarbons.
Namibia could eventually be a big green hydrogen producer based on its solar power possibilities, while its offshore wind potential is a huge 720 gigawatts, says the World Bank, albeit with limited local power markets.

Even if BP has no interest in hydrocarbons, surely some of Namibia's greener possibilities would pique the interest of a supermajor seemingly averse to Sub-Saharan Africa?»

Reminds me of Borgo on iii during the Falklands drills. Good entertainment though:)

October 24th

Is there any way we can sack him and replace him with someone that actually gets things done?

Well a similar discount for the next placing as for last placing (27%) should take us down to 0.19p. In true Jeremy style there is a placing every few months