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Positively Churchillian!
Hello, Bonum. After fifty posts short of 14,000 'jam tomorrow' Boom, Boom, Boom and even BOOOOOOOOOOOOOOOOOOOOOOOOOM!, I hope you have eventually posted something that has a ring of truth about it.
A boom is the last thing we need in an oil company.
I'll be hunting the recording from this evening's presentation come 10pm.
LOL - 'Double Figures'
Atb
know what you mean bonum.
Not too sure about double fingers.
'Proper Planning and Preparation Prevents **** Poor Performance'
i'd like to add 'perseverance' to that...
Double fingers in the coming days and into the 20's with an immanant Farm in, imho.
Very good to be Holding BPC stock at this point!
Atb & have a good evening all - the next few days should be even better!
I switched off the screen today, as pointless looking at intraday price variance, when thr BIGGER PICTURE has only just started playing out!
Multiple RNS & significant Re-rates can be expected and even without any FARM IN - however, it looks like that's going to be released at any time, imo and especially now that we're in an even Stronger position after todays RNS!
Re-rates a plenty!
BPC should be able to hard negotiate for the rig as a lot of rigs are not working and the companies that own them need revenue. Th offshore drilling industry is in crisis.
Source: https://seekingalpha.com/article/4325092-transocean-offshore-drilling-industry-is-in-crisis-is-not-gone?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-apple-the-coronavirus-impact&utm_campaign=nl-must-read&utm_content=link-9
Again and as previously - Multiple RNSs expected and as today, can be released at any time now going forwards.
Secured funding now leads the way to the EA RNS....and the big FARM IN one many of us reasonably expect and given the continual reference to it in all the recent RNSs.
The Management are much closer to the discussion with the parties than we are and I'd anticipate that to be released shortly after the EA, and given todays Excellent News.
Very, very good for BPC & its shareholders.
Enjoy the day all - a lot more to come & multiple Re-rates, as we move into double figures over the coming days.
Excellent RNS - New facility negotiated on Excellent terms for shareholders and covering us against the original CLN.
Farm in ongoing for greater development of assets and possibility to curcumvent further reliance in CLNs.
Funding issues all addessed, custom equipment secured - full steam ahead for DRILLING!
Great update.
A perfect storm is brewing...
Excellent RNS. Hold onto your hats........ And your shares...... This is going to start flying
BOOOOOOOOOOOOOOM!!!!
i personally think that anybody selling this share will regret it when it goes boom gla
SLarry - would the £700k revenue from the MF cover the operating costs until at least next June... difficult to gauge, as BPC have now employed extra staff for the project, and have their office in Houston, Texas.
A few conditions to meet and a few boxes to tick.
Any thoughts on the funding of operational costs until June '21 condition? See below:
The Subscribers being satisfied that the Company has sufficient funds in cash (but not including committed cash or cash subject to refund obligations) which, when aggregated with the subscription amount of the Conditional Convertible Notes, would be sufficient to fund the cost of the intended drilling operation in full and the operating costs of the Company until the end of June 2021;
To my mind, nothing i confirmed. There are agreements in principle with Seadrill, but we await the conditions for the CLN to be fulfilled: EA, Seadrill contract actually being signed.
We have been reading about multiple parties in the magical data room for years. The can be little chance of a good deal at 1 minute to midnight. Lets hope Potter & Cie have got other irons in the fire. Is the CLN confirmed?
Etyan from BPC stated in his interview that 'pennies would be pretty meanongless' when viewed from the perspective of the Upside potential - I think I'd go with the opinion of someonr who should know significantly more than us lot here.
Any proportion of the 'upto' 40M shares has yet to be seen, itrespective of the prevailing share price and as we saw with the Mutual Fund takeup - as IK said, it's essentially a PR exercise for BPC targeting a limited number of 'high influence / profile/rich individuals, who are still likely to only be able to take up only a proportion of said shares - no matter how discounted they are.
The Farm In TNS wont wait but will be released shortly imo, as the Company's priority is the drilling campaign and not manoevering of price, at this stage.
Atn
Khonsu- i dont think this will be the case. The road map to drilling came out during the MF and rocketed the SP nearly double. BPC are happy to play the political game on this one.
Anyway by the results of the MF we cant give free money away to the locals at the moment!!
Looking after the locals.
Khonsu.
Hai.
The 40 mill is still part of the PR exercise re Bahamian ability to be invested.
It is peanuts really in the scheme of things and BPC have realigned the offer rate from 2p
for appropriate fair price reflection.
Still don’t get why the IIs were dumb enough not to fully subscribe to the offer @ 2p themselves
to be honest. But hey less dilution for us.
An espresso machine would at least give us a shot at/of the “blackstuff!”
Wakarimasu.
GL