Namibia Farm-in?, page-7

ADVFN in the UK have a good BB for Global Pet

Many are thinking it would be more likely that there be a complete buy out, as GBP are at such a discount.

The current CPR and modelling on PEL29 should be enough material for any Major to make a decision on whether or not to spend £15-£20m for an 85% interest, in a multi billion field potential.
£20m take out would be a 5 fold return from here


Sure it is frontier exploration, but the discount is there

It is a given that there is oil offshore Namibia and every well spud brings commercial oil one step closer. Millions of dollars have been invested to date with that belief

The company has another two and a half years of the licence, there is no rush, but mean while others are putting together exploration campaigns, derisking and adding value to PEL29, Majors may see the need to rush and close a deal ahead of Tullows Cormorant

It's taken a while, but the tide has turned, the game is coming to the Peters and they must be well aware of it