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Yep I was the kiss of death.. sorry guys.. onwards and upwards IMO
Been following this for a few weeks now was just waiting for some news so just stepped my toe (or hooves) in. sorry guys might be the kiss of death as got in Vela and it dropped 30%. :( But looking very positive following the RNS IMO.
Phoebus exactly my plan!
There will be some nervousness especially with the bid being so loose today - so long as it is making a five figures profit in the portfolio today, I will be a happy bunny.
Stay safe all - off to take the old man for a run out so catch you all later. ;@)
Anyone that's nervous could just buy half now and half on any dip or add on momentum.
...folk will be making their positions - some newbies will sell on the drop believing the derampers.
There has been a very long opportune time to buy in at 2p - if that is missed then the current levels may still appear a good entry level but folk need to have done their research before doing so.
The 10% traders are having a field day and will skew the SP throughout the day.
The RNS this morning was long anticipated and as mentioned within the text : -
"The specific mobilisation location and exact arrival date of the rig will be confirmed by Stena no later than 30 days prior to the arrival date. Anticipated well spud date will be some 3-4 days after the rig arrives on location in the field. This means that if the rig arrival is on or shortly after the 15 December 2020 (as per Stena's current indication), Perseverance #1 would be expected to spud prior to Christmas 2020."
So we will be getting news in the interim period - and let us not forget, since the merger we also have : -
"BPC is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located offshore in the waters of The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and Suriname. BPC is currently on-track for drilling an initial exploration well in The Bahamas, Perseverance #1, in late 2020 / early 2021, with the well targeting recoverable P(50) prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. In Trinidad and Tobago, BPC has five producing fields, two appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. BPC's exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equivalent. In Suriname, BPC has an onshore appraisal / development project.