Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Isn't it the intention of BPC and Cerp to increase production over the next few months on the CERT assets inorder to reduce at least some of the dilution?
Sugardaddy, by far and away the best post I've read in a long time.
My recommendation is to hold shares in both companies it gives that added sense of security. If the merger happens happy days SP will climb. If it doesn’t CERPs SP will climb back up to 2.4/2.6p pre merger announcement and why because it an oil producer with decent drilling prospects. It’s a shame for those who are carrying the that heavy burden called insecurity. Chin up not to long to wait for the outcome.
Jim at $10 profit a barrel I would take it over the huge amounts of income BPC proDuce.
Over $1,500,000 a year, pays some bills so less dilution. This is assuming a further increase in oil price to $50.
That is a factual assessment and to do much else requires assumptions to be made based around ‘jam tomorrow’ thinking.
People can’t get upset or angry about what I’m posting as these are the facts of the deal and any proponent of the deal must like these facts and not want them hidden in the closet. Surely they must want everyone to know fundamentals like CERP production?
At the end of the day the company, and those gullible to believe without researching, are going around crowing how BPC are going to become a producer. Everyone must want to know how much they will produce the day after the deal?
Straight up question, does 560bopd get anyone salivating?
There are too many factors involved so I don't know where the sp would be on an ambiguous result. There is no way of knowing. However, this will not be an ambiguous result due to the geological setting. The only way you go around in circles is by second guessing the facts, which I note you do a lot.
That is a dumb assessment, with all respect.
Adonis, you’re absolutely right, they have told us what the future is. The future with CERP is....
....560 barrels of oil a day for a £25m outlay.
And to anyone who thinks I’ve miss typed or missed a zero off that number - I haven’t.
CERP produce 560 bopd!!!!
And that production only makes money when oil is comfortably above $40/b.
These are the facts of the deal.
You have detailed and strategic plans regarding financing and timescales. They been well explained. There will not be a duster.
Who cares, 1p, 2p, 3p, 4p, 5p. In a few moths time it will be irrelevant on an oil discovery at Perseverance.
Literally on every share that drops you get people claiming to 'top up' at lower levels.
If you are a new investor reading this bb, know there is imminent dilution about to happen to the time of 25% and the potential for a lot more in the coming months after.
P1 is definitely not anywhere near to being a certainty and you will be lucky to see your original investment back in a 2-3 year period.
Sure I will be attacked for saying it how it is but this is a joke of a share! Invest at your peril.
I thoroughly agree with you, Jimtheknow, about Resolution 3.
Biting the hand that feeds you is a problem, that’s why Resolution 3 and this deal stinks. How can this board claim to be in this with us when the insulate themselves from dilution by allowing themselves greater options?
They’d look a hell of a lot more credible if they hadn’t tabled Resolution 3 with this deal.
Excellent time for a top up then.
Muel
IMO guys.
Market reacting awfully to the merger.