General Thoughts, page-851

A good read in the meantime...

Is Namibia The Next Guyana For Oil?

"...Upstream Online reporting that the combined resources discovered by Shell and Total and Namibia have been estimated at 11 billion barrels of oil. There may well be a new star in the final frontier of oil."

"It has been a while since a company made such potentially massive discoveries. In fact, besides Guyana, where Exxon, Hess, and CNOOC are making discovery after discovery, there has been a drought in large-scale new oil and gas discoveries. And that makes Namibia a venue worth keeping an eye on."

"Namibia’s government is already preparing for the oil boom. Earlier this month, Bloomberg reported the government was preparing a $2.1-billion expansion of a local port in order to turn it into an export terminal for oil."

"In the last 18 months, two light crude oil discoveries were made in Namibia, namely Venus and Graff, in the Orange Basin. The Venus discovery alone ranks as the second largest deep water oil discovery in the world since 2015 and if proven together with the other oil discoveries, has the potential to place Namibia in the top 15 oil producing countries by 2035,” (Prime Minister) Kuungongelwa-Amadhila said, as quoted by Zawya.

"Namibia, then, has every chance to make its oil dream come true. Reserves of 11 billion barrels of oil and gas is an impressive amount—and potentially vital for the world economy. Because the global oil industry has been underinvesting in future supply for years now, prompting warnings that this has jeopardized future supply. It is precisely because of this jeopardy that discoveries like the ones Shell and TotalEnergies have made in Namibia will likely draw a lot of attention in the coming years."

Then apply what we know as reported in the recent quarterly (31/07) - "Saturn has a core area estimated at 2,400 km2 and an overall area of about 4,000 km2. Pancontinental regards the STC (Saturn) as offering very significant oil potential, with the complex expected to host clastic reservoirs of comparable age and depositional environment to the ongoing discoveries by TotalEnergies and Shell."