The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Losing our hair is a bit of a given with BPC... but that's okay, as long as we don't lose our shirt too :-)
same boat with the hair, ive done my annual walk to St Tropez and sadly a 4x of the share price didnt happen this time as it did last year , im planning another in 2 weeks so perhaps something will surface then. I think its very difficult to get deals done in the industry but there is a lot of chatter, merger, consolidation and farmouts around so i am remaining posiive on BPC mobile drill rigs are far more accessible and advanced than they were 10 years ago arnt they !!
the hair that is.
pete, if you are like me you will already have lost it
Hi I don’t see how a prospective partner could Commission or embark on drilling logistics without agreeing terms with Bpc as that would weaken their hand and Bpc do not have the cash or wherewithal to do it themselves. I guess it is possible but in my view unlikely. The govt have agreed to drilling so they should just get on with it. Political expectations have been set and public expectations should eventually shift to the sovereign wealth fund rather than drill or no drill. Trek ps I hope you are right and we get a leak!
Trek, but that’s the point. As per the February ‘Media Speculation’ RNS they haven’t yet agreed “commercial” terms for a farm out. We have always been told by the Company to read exactly what is stated in an RNS. They don’t have a commercial farm-out agreement and therefore they don’t have to say anything. Anything else they can hide behind an NDA.
They could have quite easily agreed the technical aspects of any drill and the oil major could have “commissioned” the service provider and/or drilling materials vendor. This fits with what the Attorney General stated, which the ‘Media Speculation’ e-mail was trying to put the breaks on.
They are now just waiting for the weather and drilling vessel availability window to coincide, which will be Q1 2020.
Unless a leak occurs prior to that.
I think if the have a farm in they have to tell shareholders. There is a duty to advise us as it’s so significant. Imagine selling now to later find out there was a deal all along. Whilst they may choose to keep the drill site up their sleeve until the last minute even then there are public and shipping notices that need to be submitted so get off the golf course and earn your grand a day or whatever it is! Trekstration!
Hi Jim,Completely agree. Given the area concerned and the manner in which certain organisations will want to obstruct a test drill I can see why they will announce as close as possible to the time of the test drill. It's incredibly frustrating but understandable.Sigh......I'll continue to hold and continue to lose my hair!