GBP presentations have only been available to the industry. Yesterday was the retails first glimpse at the data map. Now the company can present to the retail market in more detail
I am of the view that Azinam will be part of an up coming deal. Azinam were to launch and IPO in Oslo in 2018/2019 to raise $60m . It would be cheaper to take an interest in GBP and reverse into the company
HTTP://af.reuters.com/article/commoditiesNews/idAFL5N1VZ256
HTTP://www.africa-energy.com/article/azinam-loader-joins-board-ipo-prospect
HTTP://www.oedigital.com/news/464473-seacrest-in-talks-to-sell-azinor
Azinam have an eight well drilling program over Namibia and South Africa and need funding moving forward.
Below is an Azinam presentation highlighting 6 upcoming wells and "targets 5&6 being negotiated" slide 4. Target 5 of those wells have been recently announced which was the AEC held Block 2B in South Africa, where Azinam farmed in and due to spud in Q4
The other well is target 6 and the numbers are very similar, both volumes and COS for GBP's Welwitschia Deep (as per GBP recent CPR on PEL94)
HTTP://www.azinam.com/wp-content/uploads/2019/04/Azinam_NamibiaOGconference_UU_APR2019.pdf
The M&P/Azinam PEL44 deal with Exxon fell through, where attentions may have possibly shifted to GBP
GBP presentations have only been available to the industry....
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