Energy is the economy. In 2005 conventional oil production ceased to grow. It took 3 years to cause systemic failure. The resulting bailouts created money from nothing and provided the funding for the shale boom. It's finished growing so what's next. We live in interesting times.
Shell wrote down Namibia last year.
Merlin-1X just made them look wrong.
The 10th well in PEL 39 delivered the best subsurface results on the block to date.
Good reservoir, Light oil, Limited gas.
The cleanest result Shell, QatarEnergy and NAMCOR have seen.
Earlier wells raised reservoir quality questions.
Merlin-1X answers them.
QatarEnergy has been building something significant here.
4 licenses.
34,000 km² of Orange Basin acreage.
5 discoveries Graff, La Rona, Jonker, Venus, now Merlin. This is a systematic position in what analysts are calling the next Guyana.
Guyana: first discovery to 900,000 b/d in 7 years. Phased FPSOs. GDP quadrupled.
Namibia: same deepwater geology.
Same light oil.
First oil potentially late 2020s if appraisal confirms scale.
Namibia is a long-cycle play.
But QatarEnergy is already there and Merlin-1X just made the case a lot stronger.
British Motor Corp, owners of the Mini, refused to donate any cars for "The Italian Job" (1969). The chief of Fiat Motors offered to donate all of the cars needed, including Fiat 500s in place of the Minis. Peter Collinson, the director of the movie decided that, as it was a very British movie, the cars should be British Minis.
Fiat still donated scores of cars for filming, as well as the factory grounds. The authorities refused to close the roads, but the Italian Mafia stepped in and shut whole sections of Turin down for filming. The traffic jams in this movie are real, as are people's actions during them.
(Source: IMDb)
P.S: On this day, 56 years ago, "The Italian Job" (1969) premiered in London, UK.
Zenith Energy CEO Andrea Cattaneo discusses last week's ICSID arbitration in Paris and updates the company's solar strategy #ZEN#ZENA
https://t.co/Vnay4yMJeI
#ZEN#ZENA An excellent week in Paris with Prof. Thomas Clay, Charles Michel, Julie Spinelli, Ben Juratowitch, Matthieu Gregoire, and Simon Le Wita. We are confident in our legal position, and following proceedings that clearly demonstrated the Tunisian authorities’ arbitrary conduct, we have full confidence in ICSID recognising the merit of the claims.
Zenith Energy CEO Andrea Cattaneo explains key milestones in Italy uranium development and the final hearing of the ICSID arbitration #ZEN#ZENA
▶️ Watch the interview https://t.co/PWwWcL1kMR
Saudi exports are coming in below expectations—~4 mb/d and slipping.
There is no positive narrative that changes that harsh reality of flows.
Let's stop arguing about politics because an runaway train is approaching fast
Criminal charges filed by Zenith against Cecilia Carrara in Paris...
Police are now investigation the ICC2 arbitration chair for corruption + breach of trust.
That’s a serious escalation.
https://t.co/wm4ZHNUt4L
Wildcat shareholders vote overwhelmingly (99%) to convert company into a GOLD ORE processing company listed on AQSE. Details in RNS link in previous tweet. #wcat#gold
https://t.co/CoMV8WAlaN