GBP 0.00% 2.5¢ global petroleum limited

Very good Dexter,It will be interesting to see whether GBP wants...

  1. 721 Posts.
    Very good Dexter,

    It will be interesting to see whether GBP wants in on the next drill, or whether its focus will be elsewhere. Leighton for example, it does produce, but a very tiny amount when compared with what could be produced if they can get Block 5 working in Uganda. (Also still no definitive figures for BOEPD from Leighton, so who knows what it produces. There was announcements of initials of 300- 480BOPD at 15% GBP WI from 5 wells, but never any sustained announcements, which worries me a bit)

    It will be very interesting also to see over the coming weeks whether GBP was right in selling off its FOGL, they are drilling now, might be a discovery, might cause a war.

    Now, after 2 Ugandan dusters financed by the FOGL sale, I in retrospect wish GBP had just kept FOGL.

    I still haven't given up hope on discoveries by GBP (still partially invested) TRP (sold out), but it was a year between drills in EA5, thats a long time to wait. Will probably be back with proper money when it comes around again, can't ever resist the 20- 30% risk but the 1000 - 10000% upside.

    Good luck to all holders and future investors.


 
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