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Today 18:00Price: 1.43
Jimarillo891 posts
RE: TRP

Exxon Is Betting On Africa For Its Next Big Find

Exxon is also buying seismic data. “We’re acquiring large amounts of seismic data with the idea that in the future one or two of those are going to turn out to be the next Guyana,” Greenlee said. “These are large acreage positions and they’re in areas that we think have promising opportunities for hydrocarbon systems.”

https://oilprice.com/Energy/Crude-Oil/Exxon-Is-Betting-On-Africa-For-Its-Next-Big-Find.html

This was out yesterday and as we know already (from Char's Larry Bottomly) Namibia is where they are collecting large amounts of 3D, "In area's that they we think have promising opportunities of hydrocarbon systems" and they are in the same fairway as GBP (and TRP's new blocks yet to be announced) equally with structural highs and oil seeps
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Fri 13:31Price: 1.43
Jimarillo891 posts
RE: TRP

Great info here, scroll down to "Southern Africa: a new exploration hotspot?"

This web page is dated 6th September 2018

Check out the ledgend and Figure 1, you will see there are 4 blocks under negotiation, one of which is GBP's. I am sure it is just a minor error as GBP acquired block 2011a on the 19th September. However, someone is acquiring blocks 1910A, 1911 and 1912B. TRP will be one of the companies involved

<a href='https://info.drillinginfo.com/category/international-energy-oil-and-gas/' target='window'>https://info.drillinginfo.com/category/international-energy-oil-and-gas/</a>
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Wed 17:09Price: 1.43
Jimarillo891 posts
RE: TRP

The rig was delayed before they even spud the well and had to respud due to a collapsed well and had trouble with the B/P

Rig rates at the time were over 4 times todays costs, hence the current activity

Significantly TRP said, "We remain very excited about the prospectivity of the blocks covered by the agreement and Namibia in general." 4 days after the Cormorant results

Peter Taylor holds 6% TRP and 20% GBP , all very interesting imo
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Wed 16:42Price: 1.43
Parpaing1,030 posts
RE: TRP

Thanks for the news Jim,
At the time that Repsol was drilling with their new ship which had problems drilling and couldn't drill deep enough, I think that we were ripped off and shouldn't have paid for the drill. why should we pay for Repsol's test drill?
Best use another rig rather than Repsol.
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Wed 12:40Price: 1.43
Jimarillo891 posts
RE: TRP

Some links don't work here, try this

Page 2 diagram B

http://clients2.weblink.com.au/news/pdf_2%5C01947424.pdf

https://uk.advfn.com/p.php?pid=nmona&article=78285292
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Wed 12:33Price: 1.43
Jimarillo891 posts
RE: TRP

This was from TRP end of last month, must be due very soon

"We are also working to conclude the terms of a new Petroleum Agreement with the Government of the Republic of Namibia. We remain very excited about the prospectivity of the blocks covered by the agreement and Namibia in general."

They will be back to back with GBP's PEL29, as they have applied for whats left of of PEL10, after GBP recently took on block 2011A which is where TRP and Repsol drilled Welwitschia-1A, will be interesting to see what other blocks they are after and their location.

It was going to cost a further $40m to drill the deeper targets at Welwitschia-1A and as the costs were already over $100m they decided to plug it

http://www.globalpetroleum.com.au/uploads/files/reports/18-09-05-gbp-block-2011a-_final-(1)-1537344874.pdf

Interesting link from PCL

Shows in diagram B, a line (fairway) and 3 structural highs (as per the legend on the right) from Exxons blocks all the way to GBP's in the north

Also shows oil seeps in Exxons blocks as well as GBP's

http://clients2.weblink.com.au/news/pdf_2%5C01947424.pdf

A working petroleum system has been confirmed, but the oil has migrated, surely it will have migrated to structural highs ?

I have looked at the announcement before and not taken much notice, but is common sense to assume the oil will have migrated to structural highs and obviously water
is heavier than oil

https://www.offshoreenergytoday.com/global-petroleum-finds-silver-lining-in-tullows-dry-well/

I think GBP are and TRP will be, for a change might just be sitting on the right acreage for once
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12 Oct '18Price: 1.45
Point179 posts
RE: Possibly Fraudlent

Did you know one of Asher's sons was named Hannibal. FFS.
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11 Oct '18Price: 1.45
FlyingF18 posts
RE: Glowing in the dark.....

Lost me few grand too , how they didnt find oil in Uganda still amazes me given that Tullow and Heritage hit pay dirt 29 times out of 33 drills !
I cant believe they are still breathing either .It will be bloody ironic if they do make a decent strike eventually!!
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1 Oct '18Price: 1.58
THESALTIRE1,821 posts
RE: TRP

Issue of Warrants to Directors,that statement makes my BLOOD BOIL with them lot filling there pockets again.
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24 Sep '18Price: 1.58
miles1218 posts
No movement

I mean there are probably 100's of penny stock companies like this around, exploration is a great business for investment especially if you never find anything and judging by the number of people who say they have pumped 1000's into this, it really must be a great business to be in.
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