I think the following will be of interest.....regarding two previous posts Seapulse, a 50/50 joint venture between private equity player Seacrest and High Power Petroleum, a subsidiary of technology company I-Pulse and Cabot Energy
- Scott Aitken is Chief Executive of Cabot Energy, co- founder of Seapulse and co-founder of High Power Petroleum
- High Power Petroleum (HPP) owns 56.9% of Cabot Energy
- High Power Petroleum is the oil, exploration and production subsidiary of pulse power technology world leader, I-Pulse.
I deduce from the above that Cabot Energy (owns neighbouring Italian Permits to GBP) will have the finance in place to drill its Southern Adriatic Permits in 2019, there will be a direct re-across to GBP's permits which are contiguous.
We have a major partnership about to drill next door to us in both Italy and Namibia, with Exxon as a JV partner in one of the Namibian blocks
Now more than ever looks like we are a prime target for a buy out imo
GBP Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held