PEL29 A Classic Rift Basin Play

From the GBP website, the Peters obviously see all the hallmarks of a classic play that sets PEL29 apart from the rest

With respect to trapping the majority of the recent exploration in the outboard region has targeted stratigraphic or combination traps. This is due in the main to the strong regional dip from the platform into the basin margin to the west. One of the key positives for the Global acreage is in the scale and vertical extent of the rotated rift blocks which form the large, fault and dip closed structural traps at Gemsbok, Lion and Dik-Dik.

The scale of the extensional faulting in PEL0029 which extends up into the upper Cretaceous section create the classic Horst and Graben structural architecture, as seen in the majority of the world’s rift basins. It is this structural style which incorporates plays from late Syn-rift to the Aptian Carbonate reservoirs, which we believe sets Global's acreage apart from other licences in Namibia.