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Merger does not complete until 7th of August when new shares will be in place. I still have over a week to get to 2.2 -2.4p. Fully expect it to be in that range by 7th ( need new shares to be valued at minimum 2.78p. The fat lady just passed the window with a thumbs up. I'll take note of her before anything you have to offer. Which of your piggy's are ready for market..... probably hungry and underweight. I'm always laughing at you IK because I have money invested unlike you. Keep collecting your pay. from your paymasters.
Gnomie: I think you are right. See timetable RNS https://polaris.brighterir.com/public/columbus_energy_resources/news/rns/story/xjyp41x
Normally brokers execute shares on a T2 which takes 2 days to clear. As I read it last trade would be 4th Aug as switch off and transfer is on 6/8.
Be careful if selling CERP shares prior to merger next week. After the MMs get their percentage you may be better off waiting for conversion assuming BPC mid-price at least 2.5p.
Starchild
Please correct me if I am wrong but it is my understanding that we can trade Cerp shares until August the 4th. Does anyone know any different?
In the 7 weeks since the 11/6 merger announcement and after c4000 posts on the BPC BB alone passionately debating the matter, the overwhelming majority voted in favour. I firmly believe the merger was a visionary move to acquire CERP at a good price due to Cov-19 and PoO. Let’s not forget CERP in its own right 10 months ago was at 5.1p (market cap c£50m). BPC is no longer a one trick pony. Between now and the Persv-1 spud result, news-flow will very likely positively affect the SP, 25% from CERP’s assets news and 75% BPC’s.
Expected news-flow
1. Legacy licensing issues resolved with Bahamas Government
2. Bahamas Government has accepted the Covid-19 pandemic constitutes a Force Majeure event and latest drilling date extended from 31/12/2020 until [at least] ??/??/2021]
3. Bahamas Government has accept the few Environmental Approval issues outstanding and has fully signed off the spud for Perseverance-1.
4. Merger pre-reqs: Heritage Petroleum Company Limited and Staatsolie Suriname consent to the merger without exercising certain rights or objecting. [Refer to appendix 1 of merger prospectus RNS 11/6/20]
5. Funding updates, funding updates, funding updates.
Possible news-flow
6. Institutional investor(s) commitment. (Gneiss Energy advisors to BPC made £500k yesterday from the deal. They have many institutional connections. See https://gneiss.energy/about/ )
7. Joint Venture signed with Stena for BPC and CERP exploration.
8. Major Oil company may want to join the party in a farm-in. Must pay to play with a substantial contribution to c$100m spent so far.
9. BPC plans to merge with, or acquire, little explorer(s)/producers in distress, using funds from points 7 and/or 8.
CERP related news flow (points 11-14, courtesy of LGO-fan 8/7/20)
10. Possible deal done with Predator (PRD) for up to $4m.
11. New Contract for Goudron with far better terms, allowing for more profitable BOPDs
12. Test results from S1 (MC), and turning this into a producer
13. Start drilling S2 ASAP
14. Successful CO2-project
Bottom line: BPC STRONG BUY at 2.5p! CERP STRONG BUY at 2p! (All IMHO. DYOR)
Starchild
xxx
Read the post again
Come December this will be in double figures after the spudding of P1 well. This has been in the planninng for years now and we have managed to join in at the right moment. Prefect play by LK.
How are your Piggy banks fairing. Its a bugger when the stoppers are tight but at least it will stop your pennies falling out. Like I say the bases are loaded and waiting for the rns which will hit the sp outa the park. you should trying being more patient but appreciate you posting as eachpost you contribute further confirms what most probably think but nice that you continue to validate this.
I might be outa the park but bless you for being outa your tiny mind.
I think BPC would be higher than 4.9p bearing in mind spudding of P1 which will be massive news with great potential under the surface after many years of waiting.
So, fellow gamblers, if you thought likely you could double your money between now and year end, picking from 3 topical stocks which would you choose. TXP to reach 142p, GGP to see 30.4p or BPC at 4.9p.
I know which I'd go for but, by a quirk of fate, I find I already have!
Bully: No, I'm not surprised women don't put up with me.
ps...And you called me a snitch a few weeks ago? Your fake news posts have been shameful.
Irene, thanks.......my earlier post tongue in cheek is below. BTW Please join the 'force' and leave the dark side.
IreneKrapp our nimble little piranha: based on your frisky posts, you remind me of my 3rd ex-wife or maybe my 2nd, I can’t quite remember. She would get on forums, de-ramping shares I owned including my own companies just to annoy me. In the divorce petition she wrongfully alleged I used my nail clippings as treats for her dog. This was totally unfounded as I only used my toe nail clippings as a reward mechanism for her stupid bulldog, ‘Sergeant Gumdrop’.
Based on the style of your posts on various LSE forums, there are unfounded rumours you are allegedly Chelcie ‘Tammy’ Lynn. Like you, she gives similar unusual ’tips’ with apparently the same cerebral forethought as you. See https://www.youtube.com/watch?v=k6X4m-pGhJ0&t=17s (5 mins)
Do you actually have any shares in either BPC or CERP? What rationale do you have for constantly de-ramping both companies’ shares with one-liner negative message fragments? Why don’t you like this delightful BPC/CERP marriage made in heaven (unlike my previous marriages)?
Key takeaway for everyone on this forum, planet Earth, the solar system, the galaxy, the universe and the inter-dimensional multi-verse: (1) BUY BPC/CERP shares (2) DYOR (3) NEVER use toe nail clippings as dog treats (4) TOTALLY Ignore IreneK’s daft posts. …..We wish to thank our generous sponsor Pets at home PLC (LSE: PETS) for this message. They provide amazing dog food at excellent prices. Their SP is likely to soar by 32% by 4th quarter 2020.
Starchild (AKA ‘Starfish’)
xxx
Irene, Rhodi's opinion at 5p by XMAS 2020 is not far fetched. Based on expert opinion from Feb which has already been shared with this forum, SP projections in Feb 2020 heading to spud was estimated as potentially 8p. That was when Poo was c$50/b and before the CERP merger.
I note you likely complained about my 'toenail' post this morning and got it removed. I thought you had more of a sense of humor, but apparently not. BTW, I never mean to cause personal offence with our light humoured skirmishes.
Starchild
Looking at the sells today it seems as though lots of Cerp share holders who were against the merger have sold and moved on. Lets hope the new company can increase production from the old Cerp assets and use the cash flow to reduce the cost of the P1 drill. Hoping to be above 5p by spud but as always without the crystal ball no one knows whats round the corner. Hopefully lots of positive RNS's over the next 2 month to take the sp to 6p with a push up to 12p due to new investors not wanting to miss out on the possibility of a multi bagger should it flow what they believe is down there. Good luck to all holders. Stay safe.
Dross - ' it was continually educational ' - agreed - reading your posts brought back memories of Joseph Goebbels ' repeat a lie often enough and it becomes the truth ' don't know whether you consciously used his MO or you came to the same conclusion independently - result was the same multiple moronic propaganda - skulked away when your lie was exposed !
Everything is falling into place with a lot of news H2 and Oil Price WTI now $41.66pb Lots to look forward to H2 2020.
The way things are going, even the word 'Petroleum' will be dirty
In these current changing days around the globe, statues getting torn down, etc not sure the Columbus name will do many favours so change timely if anything.
OMG Bully1985 - derampers lie you do not understand. It is simple being the next TXP with all prospects and neww positive future ahead. Looking forward to 10p + on Perseverance Spud - Goof Times Ahead
Up yours sorry
Great news On the merger and really looking forward to bigger things to come. This huge drill will drive the share price up up and away. Good luck to all you long term holders and up hours to the trolls.
Happy to see that the merger fully approved. I hope that this returns to a constructive board as the majority of us are invested to make some money. Hugely confident imo that we shall have a share price of 5p by christmas which will be a good return and if we hit the black stuff in anticipated quantity then we shall all be much better off financially. Hopefully they shall monitor IK more closely. Onwards and upwards to all genuine investors here, to better time not only with this share but to getting closer to the old norm as soon as possible. All stay safe and GL. Welcome to all BPC investors also and most importantly all new investors that will now be attracted to this new merged company once all parties have no objections which will hopefully be finalised next week Still expecting a surprising great rns once merger is formalised.
Can but hope that the BPC board will operate in a much more open and honest manner with its shareholders than we experienced with CERP. Shouldn't be that difficult.
Doesn't matter now what the sp does here just follow 80.3% of holdings at the BPC sp
Here's to the newly merged company and a share price pre the q4 drill of 8-10p+. Therefater, lets be the new TXP. Brighty.