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I reckon once we wrap up the chad deal we will see another oil and gas acquisition in short order. I reckon the next deal is in pipeline and more or less trashed out just a case of kicking off formalising once chad is done and dusted.

Looks like the chad government looking to increase positive participation of foreign companies to expand it's production levels. let's hope our sign off is near and done, the only way to encourage more players is to demonstrate that they are willing to move key ministerial sign off's quickly to conclusion and what better way to demonstrate to potential new investors than to sign off our acquisition.

https://african.business/2022/05/apo-newsfeed/minister-of-petroleum-and-energy-from-the-republic-of-chad-to-promote-oil-rich-basins-at-african-energy-week-2022/

It’s always prudent to sound out the ministry and get them on side before finalising any acquisition in Africa, otherwise you can be dragged into a long battle to get approvals and sign off. Let’s hope savannah get all legal stuff water tight before proceeding with any additional acquisitions in Africa. My guess is we would have probably agreed heads of terms on other acquisitions but they can only move forward or be formalised upon completion of chad deal, let’s hope we achieve formal sign off in the next couple of weeks, and can move our focus onto other renewable or perhaps additional oil and gas assets. I personally feel that inorganic growth in form of acquisitions can take us above 100k Bopd per day and then optimising all our asset base can easily make us a 150k Bopd producing company, possible within the next 18 months or so and oil prices will likely remain high at least for the next 5yrs or so. We still got spare capacity to possibly take on 1.5 - 2.0 billion dollars worth of more debt to fund further acquisitions. Personally I would like us to probably look at wider Africa and potentially east Africa. Could we farm into tullow Kenya assets after all they are looking for partners to progress further ?

Blackrock starting to rotate into energy and value stocks. We are heading for interesting few months ahead as the big boys re position into energy ahead of tech could see significant moves across the sector for oil and gas producers.

https://seekingalpha.com/news/3840714-could-quants-chase-energy-stocks-higher-blackrocks-10b-quant-rebalance-might

South Sudan - looking to nationalise oil production, could mean we walk away from the potential of acquiring Petronas South Sudan assets. Although I am skeptical as to how much a country can 100% nationalise the industry without foreign investment. We might walk away from this one and focus on Equatorial Guinea as the next asset or perhaps another asset that has not been yet reported.

https://africa.cgtn.com/2022/05/07/south-sudan-kicks-off-plans-to-nationalize-oil-industry/

It’s important to remember that Russia and Belarus are top 3 producing countries for potash. Even though our project is a couple of years from production the case for our project just got stronger as I would imagine the reliance on Russian and Belarusian potash will phase off due to sanctions and plus could make future off take agreements for our production much more easier to other markets.

https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/minerals-metals-facts/potash-facts/20521

The Venus drill ship has position slightly altered could the drill be over? And results to be announced shortly?

Surely some reference to be made at least considering it also talks about 2022 outlook and as far as I can see a companies exploration activities are part of the over outlook and useful for investors alike. Perhaps if they are not ready to release results they may just say the results will be released shortly

Total energy will release there results Thursday 7.00 am gmt followed by afternoon presentation. I wonder if they will touch on the Namibia Venus drill at all surely we have to be at target depth already ? And they would know whether it’s been successful or not ? I must say unlike the shell drill the total drill has been complete silence and there has been no leaks good or bad seems like the maersk voyager ship has stronger protocols or so harder to have pre leaks until official announcement.

https://totalenergies.com/investors/results-investor-presentations/results

Looks like cash incoming prospex raises funds to complete selva deal.... Cash balance being topped up nice ;) should see us back to 3p+

https://www.lse.co.uk/rns/PXEN/conditional-placing-and-notice-of-general-meeting-r5m50hb1hgel91n.html

Could we get Venus results at part of their live announcement on Feb 10

https://twitter.com/TotalEnergies/status/1490679237916839937?cxt=HHwWgsCqoc63-q8pAAAA

It also mentions that they will drill another well immediately so the second drill could already be spudding…….

The previous 250-300 m was based on a single pay zone we hit 2 zones……

Try this link - https://ufile.io/ruh0dz0s

Wood MacKenzie are estimating between 500 million to 1 billion barrels of oil with best case at 700 million. This definitely looks like a commercial discovery with a lot of repeatability with future drills, Venus results still due and likely to be positive. Hold on tight Namibia offshore is about to see a flurry of investments and new drill commitments in the next few months and years.

Report - https://situla.bitbit.net/filebin/dbd9b1ad0619756f4c18424e6a2a43a859b35b1d64fbb0aa8821bea21d5ceac5/4df3404c41169f7d13cffd41016e12a2273b9304b75e0cddad87e977f71bf8c3?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=HZXB1J7T0UN34UN512IW%2F20220206%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20220206T121903Z&X-Amz-Expires=30&X-Amz-SignedHeaders=host&response-cache-control=max-age%3D30&response-content-disposition=attachment%3B%20filename%3D%22Shell_Makes_Huge_Oil_Discovery_Offshore_Namibia_1644142533.pdf%22&response-content-type=application%2Fpdf&X-Amz-Signature=8b3cd5f107c86ed8c0dc80832097f563879252dffa2e9ffe1ba54e7f5e8ddf1c

I feel like Q1 and Q2 will be a heavy news rich period, we are in for a perfect storm.

The Venus drill results should be imminent now, think we could get some news on this by the end of next week. It’s well in the overdue territory now so fingers crossed all. The geology suggests that it should be another successful find similar to graff and could potentially be a lot bigger as we are targeting basin floor play which have historically larger reservoirs……

Agreed swan the loose stock was gobbled up on Friday afternoon tightening things up slightly looks like the next move to the upside is on the cards, Brent likely to stay above $85 and potential could average higher as we head into summer months with demand being strong. The sp has not priced in the extra production over the last 2 years and that’s on top of strong oil prices. We should see a climb back towards 3p and then hopefully can break it in quick succession.

Total venus results due could get some leaks over the weekend. But certainly should have some news by the end of next week. The likelihood of this also being successful are even greater plus basin floor plays are historically larger in resource size so if this lands then all of namibia offshore will be on fire. The successful drills will help better define the namibia geology in all of it's offshore acreage meaning improving the geological chance of success in understanding each potential drill targets, it effectively opens up Namibian offshore as a viable offshore field think with a few more drill in the next 12 - 18 months this can be as successful as guyana......

The official announcement from the government will be at 11 am gmt