Very Interesting perspective on the orange basin in the link below; (some of it makes a lot of sence IMO)
the-orange-basin-deepwater-namibia-whats-going-on-with-its-resources-reserves-and-future-production-of-natural-gas"
"For anyone closely following the progress of exploration in deepwater Namibia, a major frustration has been the lack of specific information on the testing of the exploration wells.
Anywhere else in the world, operators provide investors and the public with announcements of flow rates. Both Shell and TOTALEnergies are distinguished by their lack of information on the quantities of oil and gas discovered to date."
"Galp estimated that the Mopane discovery holds over 10Billion barrels of oil in-place. By using a recovery factor of 25%, my "first pass" estimates of the recoverable resources for Mopane are 2.5Billion barrels of oil."
"Galp Energia's stock jumped up 45% when the Mopane
discovery was announced. The discovery has added almost $7Billion to the company's stock market capitalization. Shortly thereafter, Galp announced that it would accept offers from the supermajors and other international players for half of its 80% interest in Mopane."
"anyone with any kind of interest in the Orange
Basin will be super-keenly watching the farmout of Galp
Energia's interest in Mopane. When this farmout is
concluded, Galp must provide a press release since this
transaction will be of material impact for its shareholders
This transaction will be a fundamental indication of the
value which the oil industry places on the Orange Basin
despite the lingering concerns about reservoir
deliverabilities and the significant gas issues"
(20min delay)