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Apologies, those posts seem to have 'mysteriously' materialized again - glitches in the LSE system perhaps.
Atb
It's a shame they took off all the posts from this morning - must've been IKs mention of that Mongolian Oiler again, lol.
I've stated my views on the Stena deal etc (contained in the deleted posts) and still stand by expectations for an RNS on that in due course.
Atb & have a good day all
Sorry to mention matd lol, I did buy into it yesterday after seeing your posts and so far it’s proved to be good. Albeit I’m in matd for long term as well.
Back to bpc, any thoughts on what’s going on today to make it drop?
Lol IK - note to self....'don't mention MATD' ;)
I have positions in MATD & BPC, as do several holders here - well worth the research at least.
See what you did, you made me mention them again ;)
In seriousness, back to solely BPC.
Have a lovely day my friend!
xx
Bonum - morning - fantastic post - sincerely - and now to spoil my comment - you didn’t mention MATD once! (hopefully taken as the joke it was meant to be) -keep it coming mon am.
You make me smile!!!
GL
IIK
XX
Well thought out and measured post again Bonum.... Keep em coming.
"The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected..."
Flying mule, I think it was perfectly reasonable of you to expect a drop in the share price off the anticipation of the new shares entering the market.....and to add to your existent holding.
Indeed, the price did dip the day preceding it and was very aggressively bought into indeed - that certainly bodes well for the buoyancy demonstrated at the current level and with the knowledge of the solid underlying support.
I still believe we may be getting some relinquishing of stock at least, from the Family Group, albeit likely very measured and accommodating an extended timeframe, possibly through drilling - that would obviously have a negligible effect on the share price.
What we have seen is the strong underlying support on a very closely watched stock and the aforementioned 'bullish resurgence' that technical indicators suggest.
We've also had much needed consolidation of the price, which may now be primed to move up to a higher price range.....and given the very real prospect of a further News announcement on the potential Stena /BPC JV.
In my experience, indications of those sorts of deals aren't mentioned in official Company reports unless they're already progressed and moving towards some form of conclusion - also given the emphasis in said reports of further exploration of 'less dilutive' means of progressing the drill / drills.
I think this BB will see a lot more 'excitement' soon enough.
Atb & have a good day all
P I
I was taught in my youth to be 5 minutes early. I’ll save you a plate full.
Take care buddy. It’s a jungle out there.
Laallee: I am way too old, jaded and long in the tooth to dream about BPC
I'll rely on an RNS and even then I won't believe it until it fully transpires.
Let's get the rig "built" then see what comes.....
just make sure when the invite drops for sandwiches and a glass of red you believe that and rock up reasonably close to 'on time'
The ghost of Alan Burns..... ;)
Who said "Build it and they will come"
Field of Dreams, Kevin Costner 1989
I am way too old, jaded and long in the tooth to dream about BPC
I'll rely on an RNS and even then I won't believe it until it fully transpires.
Let's get the rig "built" then see what comes.....
Lets hope so Page. That's roughly in line with another shareholders thoughts I spoke with yesterday... two wells with Stena more involved. Fingers crossed....
"I think Mr Potter has a few surprises in store!" -Let's hope it doesn't involve nudity PoC! lol
In seriousness, I suspect a deal with Stena is perhaps more advanced than we realize by the statements regarding their potential increased involvement, in the Company statement.
Oftenthose are stated as a precursor to conclusion of ongoing discussions
Hopefully that RNS will be forthcoming soon.
I think Mr Potter has a few surprises in store!
That would see up good for 5p+ IMO.
I also think we'll get an RNS re: Stena's increased interest!
Good news lined up. Agreed licence fees paid, Licence term extended to June 21, improved terms for funding reducing dilution, Stena exercising their option, allowing for a two well campaign and the farmout deal in the mix, although I expect Stena to be the farmout partner if they take an asset interest rather than an equity interest in BPC. Either way, improving the drill success with a two well drill reduces risk.
Not surprising it's a bit quieter here today with all the other small oilers rocketing. Shows that BPC is also moving up due a sector wide rerate after the virus crash.
Price looking buoyant around these levels and a well needed consolidation taking place.
It'll be interesting to see how the next leg up plays out and looking towards reasonable expectations of a much higher price level going forward towards drilling etc.
I know a Super major (along with Majors) is still there Lallee andaccording to the company statements on such. I assumed it was the same party to the exclusivity agreement.
Possibly not and another party altogether.
Atb
looks to be selling around 2,90 when share price moves up
if stays at this level to shares cleared
when shares cleared then if moves up
can only watch and wait
My family have been in the oil industry for decades, mostly Esso/exxon.....I found ,that in general, BP upstream employees were a bit up their own ar$es... Anyway, I’m sure SP has a good relationship with old BP colleagues and can keep the dialogue ongoing...
Bonum.
I did not get the impression that BP “were still at the table”
I’ll be surprised if we hear from them prior to spud.
Those Scouldrels!
At least we know they're still at the table, which certainly says something - or at least one other 'Super Major' is!
Yes. Myself and Linton learned it was BP who kept BPC waiting. This was at the most recent presentation at the Chesterfield Mayfair.