GBP global petroleum limited

Well I like how the market here has at least held the current sp...

  1. 559 Posts.
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    Well I like how the market here has at least held the current sp

    However it looks like GBP are completely under the radar, more so here than in the UK

    This morning in London I think we will see a different market regarding GBP with this news and the ASX will follow the LSE lead

    I have had email replies over the last few months from AEC and Eco, they intend to do deals before the C1 result. Even a technical success could make a deal more expensive. I have always said from the replies it looks like they are in tandem and just the other day Gil from Eco said they were looking at two opportunities. Now I am convinced both opportunities are with GBP

    Both assets are 85% owed by GBP but split by GBP Namibia. That's two deals for a clean buy out of GBP
    Before we thought £20m, but that could be up to £40m

    AEC and ECO have last week presented in Norway to institutions, which means a cash raise and this Monday they are presenting in Sweden to retail punters. I think they will announce their deals that day

    Both these companies are backed by AOI, who have $400m free cash at hand

    Just to add, this new block from PEL 10 comes with some 3D seismic, which could make this drill ready fairly quickly are reviewing the current data

    Any way good luck and DYOR
 
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