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NellyB
You’re not far off the mark there.
Bully - do Trinity hold multiple licenses in deepwater areas that could hold billions of barrrels of oil and potentially have a transformational farm-in deal within the next few months?
Bully1985 - if the share is that bad then BU@@ER @FF. Why are you here?
Apart from a deramper and a troller
Very sad life you must lead.
Bully1985 - go and troll elsewhere this is going to be a good 18 months for BPC.
What are your hopes?
Thebhoys: It was not negative against ADV as the facts are unknown to me as I stated. It was meant to sound positive for BPC based on Mcap comparisons. BPC has the huge potential of a farm-in, an imminent spud, with another to follow in the summer and potential 200mboe in the SWP. Yet, BPC's Mcap is absurdly worth c£25m. ADV's £21m similar Mcap must be for a reason which we will find out about next week at the Proactive presentation.
Starchild
Yes Star what you have said makes sense.
Being as the interview is being conducted by BPC's commercial director though, its his job to sell the company to potential investors. And the next quarter will see the commencement of 2 drilling campaigns.
It would surprise me if the Bahamas was mentioned other than as you have said mention "discussions are on-going".
All depends on who is giving the presentation, I have no doubt Potter is still in his bunker.
SC you have just given a negative comment about ADV. Why even mention it at all?
SvS: I think the presentation next week will cover most bases including funding etc. The reason being the format of Proactive presentations publicly show all questions being asked to the presenter in real-time. I doubt any details will be released on farm-in discussions other than they are ongoing. Otherwise it could complicate matters due to the court case and until the 3 year extension has been formally approved by the Bahamas Gov.
As I stated yesterday, the inference to me is an RNS is imminent, and it will be a good one, otherwise BPC would have tried to keep a very low profile...... until good news was forthcoming. It makes no logical sense to hold a presentation with the key point being..... 'we haven't got much news to update you on, but everything is looking good, so buy BPC shares.'
I'm also interested to hear from Advance Energy that will follow the BPC presentation. I don't actually fully understand what they have to offer, other than seeking farm-in partners to harvest HCs from legacy wells, yet they are worth £21m Mcap. This is not meant to sound negative against ADV.L, as I haven't done a deep dive yet.
DYOR. GLA
Starchild
https://www.lse.co.uk/profiles/starchild/
Interesting to see a new presentation announced. Indeed some of you who were expecting an update by the end of April may actually get that news.
My first thought was this would be a presentation only on the upcoming Saffron drill and the compelling investment opportunity BPC now presents regarding the SWP & Suriname alone.
Unless we get an RNS in the coming days regarding the Bahamas licence.
I'm still watching this space and waiting, that was his pearl of wisdom in his last solo outing, and when the two numpties were together it was Potter who came out with the "sure thing" quote.
So another trip to the BPC circus on the 29th
Eytan's photo is next to the BPC presentation slot. I hope he has good news for us :o)
Like I said before, Simon Potter will not be happy with the sp at this level. They'll be driving forward now to return shareholder value.
A deal was pre agreed IMO.
It seemed they had set aside April to complete drill analysis, understand what they had got, consult with Bahamas Gov, they dont want to sell themselves short.
Gneiss appointed to manage information exchange, perhaps offers made in period and shortlisted, who knows, but comms have been deeply silent in period which could indicate a period of NDA and negotiation - it is after all what we have been told, farm out discussions ongoing, with unsolicited interest counterparty's aswell as the previously consulted players.
So full drill results, Majors interest declared/partner selected cant be ruled out, otherwise what? no interest, Gneiss a waste of money - there are no signs of that at all.
This isnt the same as pre drill with cap in hand - some material positive aspects of the play, especially Jurassic target, have been established - we may soon see how valuable they are perceived by the industry.
All depends on who gives the presentation, let's see if Potter shows his face.
Personally I think it will be a presentation to give reasons why another placing was needed
Yeah we are well overdue a full range of news. But they could be just announcing they are fully funded for a Saffron drill and they have signed a contract at last. Another low volume day! This SP is going nowhere until news is released. Best keep an eye on any heavy buying or selling depending on what is coming. Even over the last few days there have been some 1m+ sales. So some are not confident. No news this week then I am selling up. They have had plenty of time to release value add news, nothing yet.
The only thing that’s a load of crock, are your words bully.
Hmm interesting, I've been in a few shares where a Proactive presentation was used to announce something big with a rns on the morning.
Quite agree Star.... news is expected imminently. Price already showing signs of making the next triangle. Potentially based on expected news to be released.
BPC Proactive presentation next week 29/4....I suggest real shareholders register.
The inference to me is an RNS is imminent (may be tomorrow/thursday), and it will be good, otherwise the BoD would have tried to keep a very low profile...... until good news was forthcoming.
GLA
Starchild