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Author Godspeed     View Profile     Add to favourites     Ignore
Date posted 2018-04-22 11:32
Subject Re: Edison note   View parent message
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No, no mention of GBP

However the note highlights the targets in play this summer in Namibia

Currently both Tullow and Chariot intend to drill back to back wells if the initial wells are successful

2019 will see Eco Atlantic join the party with the drill bit on two prospects

All these wells are in the same basin as GBP (Walvis) and will derisk our assets if they hit the black stuff and increase cos.

Tullow will be drilling PEL 37 which is just two blocks away from GBP and they are also in PEL30 with Eco in the Cooper licence, which is equally close. Repsol are adjacent to us as well

I imagine any success will have an impact on our sp, but also you have to think any potential farmee will want a deal closed before Tullow spud this September

GBP have 3.66 billion bbls of unrisked in an area that is very active, which cannot be ignored, one would think

The focus will be on Namibia this summer and hopefully that focus will turn to GBP as well. Currently GBP are the cheapest ticket in town for a slice of Namibia high impact exploration

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