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laallee 12p for your thoughts.
Jmann is a Bahamian business man who occasionally graces the boards.
Like some of us he has been around for a decade waiting for the drill. He is invested and his business is marine engineering.
If the Jmann emails me and says "there's oil" and he named his source who has been checked out then it is better than hearing him saying the opposite.
Time will tell, meanwhile the drill keeps turning and Jmann has ordered a Bentley W12 GTC.
The oil had been leaking into the sea for many years.............!
we're just cleaning up Sol633................ :()
All the best (we know our role.......... :()
No we don’t want any leaks of oil sol.
There’s oil which has prob leaked out
Atb
The ones you typed Irene............!
before being laid off..............?
All the best (or ................? :()
If there was oil or tests going on now it would of leaked out I'm sure, hence the price not moving.
GL
Absolutely, in fact many have taken the latest put to indicate we have good news coming. I can not guess the upside now, but I think we are good
Is the drill still alive if we strike oil, I really hope it is.... time is passing the bod must have some information..! I’m praying for the whole bb so don’t worry!! I’m hoping for a big find.... and a big price to head north!
SC "However on this matter please don't talk down to me. I'm not an idjut."
I do not know how you come to that conclusion, but apologies if that is how you took it.
Today is a hearing, I guess loosely you could call it a court case. But it really is just BPC making arguments as to why they should be made party to any upcoming JR cases.
o A hearing to determine if BPC should be formally added as a party to the action will be held on 14 January 2021. At this hearing, The Honourable Justice Petra Hanna-Weekes will also provide further directions relating to the future hearings detailed below;
o A further hearing to determine the Government's request for security for costs against the applicants will be heard on 22 January 2021; and
o Thereafter, a hearing in relation to the substantive judicial review will be held either in mid-February 2021, or during March 2021, depending on the availability of the Court and the parties, with a ruling on the substantive application to follow at some point thereafter.
Sharescare: I am not a lawyer but have had external lawyers who have worked for my companies in various international jurisdictions over the last few decades. I am FULLY aware what the case is for today. I respect your recent opinions and exchanges with me even though we must agree to disagree. However on this matter please don't talk down to me. I'm not an idjut.
Starchild
Who is jmann please, is he on here
I agree RE any leaks, however I think you may have misunderstood todays hearing.
BPC has sought to be party to the proceedings. The court case is this evening EU time. I give it 50-50 it will be postponed. If not, there is a chance of a news leak in court on Percy-1 status so far, for reasons I posted in the last few days.
IF IF IF there's a 'de facto' leak, we will probably know about it in the Bahamian press overnight before an RNS is hastily issued at 7am Friday.
If though the case is postponed or there is no leak, the SP will likely hover at 2.1 - 2.15p until Lombard disposes of the shares it wants to before Percy-1 announcement or 12/2/21.
What is unusual to BPC that has never happened before to the best of my knowledge is a situation where:
1. Most traders can't trade as MM spread too tight. And stuck until end of Lombard overhang or until Percy-1 announcement. Whichever comes first.
2. Buys from now are probably new investors or existing ones topping up...triggering Lombard to sell, probably at above 2p
I can't help but feel the new MM who started today, MREX (see my earlier post), is somehow involved and knew the Lombard TR-1 would be disclosed today. Interesting.
Starchild
Cars, I did my little bit and was after the odd 588,481 but ended up with 592,774
I haven't read anywhere that BPC will pay 100% of anything less than a 2.3p aggregate sale price, just that a payment may have to be made if the aggregate sale price is below. Have I missed something or could it be possible that the downside is being shared rather than underpinned by BPC?????
There to much negativity and dwell on the potential for drill failure, the low SP, board feathering their nests, opaque funding maneuverers, not liking the CERP deal and upside, dilution and round we go again and again.
This a world class drill, in the top 10 in scale this year targeting a middle eastern scale prospect where BPC still owns 100%, with funds in place for their new asset production development towards 2500 bopd end 2021, where 500 bopd pays for all admins costs, achieved end 2020.
The fact is BPC are well positioned and has a good chance for success, be it measured and steady over time - or meteoric.
...I wonder if he ended it with 'be happy'...
Well, he's been telling us that for 10 years, he has to be right eventually.
According to Jmann we don’t have to worry.
I wonder what we could mean...... ;-)
the drill bit will be soaking wet and/or reeking of deisel....those on board the icemax will know what theyve been working on the last 20 odd days im sure,
this has taken 10+ years to realise and geographic area has been probed for over 40 years...
multiple targets in one stab is good enough for me...if they needed extra money for court, pay for 2021 entirely and secure the maximum depth of p1 + results rather than cut short after one target.
-
was worried when L.O got the offer but not now, its secured operations and this will rise on cerp alone....oil price up almost daily now..
just excited to see what theyve been upto now....should be a documentry in the making.
Yes the placement tomorrow will likely be sold at anything over 2p. This will definitely keep us pegged down here for a while.
The court case news I don’t will have much effect over the next few weeks. We will get the Call but maybe not until the day of results.
Other than the possibility of leaked info we are just in a waiting pattern now.
Cars, agree, it does appear they have acted in good faith since the SP has as yet not dipped below 2p and from what I read elsewhere they have only sold around 25% of the total volume since the 17th December. They could easily have just kept selling at any price but appear to be acting properly.
I do not believe they are going to stop selling into rises though.
For right now I am interested to see the effect of the 200 million placement tomorrow.
The good news part of the RNS is that LO have reduced our exposure to a duster slightly. If they make the call and retain the current holding they will be around 600,000,000 shares going to results.
Chesh, indeed, but for results of P1
Rain here, but cold out.