The week so far: To recap, we have had some major news this week:
1. Chariot announce that they have contracted a Rig to drill Nimrod (operator is Petrobras). Drilling Rig to arrive in July and drilling should start soon after. Drilling will take two months:
https://www.proactiveinvestors.co.uk/companies/news/43069/chariot-oil-gas-secures-rig-to-drill-kabeljou-well-offshore-namibia-43069.html
2. EOG announces the completion of GUY NI 51-101 report which now doubles our prospective resources to 18 billion barrels. A key to note is that all of the resources are in Walvis Basin which is the most oil prone of the 4 basins (unlike the other major players offshore Namibia who have their resources spread accross at least two basins).
"Being relatively early into the play we have had our choice of the basins and we have selected to focus on the Walvis Basin, based on a number of factors we define into the high prospectivity for oil"
https://www.ecooilandgas.com/news/index.php?&content_id=54
3. HRT now have a Rig for 280 days that will allow them to drill 4 wells with in the next year starting in Q4 2012:
https://www.newswire.ca/en/story/979059/material-report-hrt-agreement-on-the-semi-submersible-transocean-marianas