I agree, it has not been a good look in the past, but there has always been an events that have knocked the chance of a deal in the past, not just for global but the sector at large and in particular frontier regions
However the company have done well to reach this far and this time not even covid19 will derail a deal. The majors have moved into Namibia, there is a new concept in play and the blocks that GBP are sat on fit very well with that new concept
This link shows how far Welwischia was drill short of the new concept target.
https://www.linkedin.com/posts/envoi-limited_namibia-geology-oilandgas-activity-6610195449791991809-ITsk/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_all%3B3%2FhdXjWFTo6NrZZLqMIgBg%3D%3D
I have nothing to do with the directors of GBP and have in the past sent frustrating emails to them. However I have had shares in a previous company start up they had been involved in, Dana Petroleum where they sold at a massive premium. When the opportunity is in front of them, the Peters know how to do deals
Just for the record I increase my position substantially on the LSE yesterday, which will be life changing if a deal is concluded
DYOR as usual
I agree, it has not been a good look in the past, but there has...
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