The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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oops 'CERP'
Former CEP assets now BPC could be more important than most people realise..... rest assured Leo won't be sitting on his hands in the background...….. he will indeed be striving for 'bang for his buck'. :)
ZagEgypt
Yes, the important thing for me is that at spud the drill risk kicks in, not just the risk of a disappointing result at the end of the 40-60 days but of some LGO-style mishap. That is why the shutters have to come down at that point.
Just to be clear Ross, I'm not suggesting this. I am taking it from what you have written on here multiple times.
Jim1556
The important thing for me is to sell out completely on or before spud - if I can do better than the 4s for my real shares that will be great but my SBs are currently set to close at 4.8p, whatever happens. BPC will remain on my watchlist so I will still be posting. I hope that even though I am currently in for the gift that is the pre-drill excitement trade, I have nevertheless managed to remain uber critical, particularly of the store that some folk seem to set by the former CERP assets.
The key question is, Ross, once you've sold out in the 4s, will you then leave this board permanently or continue to find fault with everything and resort to your former uber critical self?
ZagEgypt
As you suggest, I will be happy with an exit in the 4s. As long as I’m out on or before spud, I’m good.
Ross
I am sure you could find fault with winning the Euro Millions Jackpot.
I'm just waiting for when this is a gusher for you to claim the oil isn't black enough, or the SP is too high.
But fortunately, as you are out at 4p I guess we won't have to endure this.
Lancygeo
For good or for ill, your investment hinges on P1. The former CERP assets are just a sideshow. I was pretty unimpressed that Simon Potter appeared to take dictation from Leo Koot in that 13th August RNS - the figures in it really do not stand up to critical analysis. Hopefully though BPC were just humouring him and still have their eyes on the real prize, meaning that we will hear lots about P1 at lunchtime and very little about the former CERP assets.
P1 is where the money is, whether you are trading the pre-drill excitement or gambling on the drill result. I fired various questions off to BPC yesterday about the former CERP assets. So far they have only responded to one of my questions, which was how much oil (a rough bopd average being fine) the Saffron well is currently producing. They simply referred me to the relevant web page:
https://www.bpcplc.com/operations/trinidad/bonasse-icacos-cedros-production-development/
Not a lot going on at Saffron by the looks of things.
PRD news will be important for Leo & team in Trinidad..... and the catalyst for cashflow imho :)
Lancygeo
The PRD RNS is a sideshow compared to the CLN RNS that has just appeared.
…. for PRD this morning. Onward and update for both BPC & PRD on Trinidad. I look forward to both Company's working well together in Trinidad and beyond ! :)