GREY:ERHE - Post Discussion
Post by
farml1234 on Feb 14, 2023 9:25pm
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Encouraging to read that Galp's Thore Kristiansen referred to their Sao Tome EEZ assets as a "big diamond", yesterday, despite Jaca-1 being non-commercial. All of the analysis they have done to date must still be showing them something they like. And then let me underline once more, which Filipe just did in his previous intervention, Galp has two really big diamonds in its portfolio being Namibia, right. In my view, we have the best Zip Code. We have around 2,000 meters water depth or some of our colleagues that is in neighboring blocks operates at 3,000 and deeper.
So, of course, if we make a discovery there, this can be extremely profitable barrels. And also Sao Tome and Principe and how we have drilled the first well and being in a region, where we drilled 66 wells before we found any oil. This actually hit for this - in the first well. We proved there is a working petroleum system in Sao Tome and Principe. And Galp is very well positioned in three very interesting opportunities in Sao Tome Blocks 6, 11 and 12.
And I think you should look forward to further derisking of that in the next years to come. https://seekingalpha.com/article/4577947-galp-energia-sgps-s-glpef-q4-2022-earnings-call-transcript
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