The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well Glide and IK, compared to her this is most certainly not a whine, she's in a league of her own. IK, glad you're enjoying my wife's other skills, wondered why I don't get any fun time with her any more, you're stealing my monthly slot!
Monk :(
Monk
As Glide says don’t whine about your wife!
She’s a great s—g!
And before that it was called tecteon or something similar, was going to change the way we made mobile calls, think I came out just on the right side
I invested heavily in BMR under Masoud Alikhani who led everyone up the garden path claiming billions of $s of copper resources - He left the company claiming dementia though we thought differently. Then Alex Borrelli came along and said what MA had reported was a load of tosh and we actually had even more billions in lead, zinc and vanadium so put more in - turns out he gave everything away and most folk including me lost many thousands - issues still rumbling on.
It happens a lot in AIM it seems. ;@(
Mr Burns certainly did.
However, the current team have produced a minor miracle getting this far.
As the late great Mr Alan Burns said, - "these structures are exceptional in the size and extent of the 4-way closure, indeed I am not aware of any anticlines of this size in the Gulf of Mexico - Caribbean region".
He knew a thing or two about finding oil in new frontiers.
Strong amplitude to conformance to structure - indicative of hydrocarbon presence.
Lovely images on the presentation of the targets Perseverance#1 will be drilling. HIW ranked No.4 in the World and one of the very few to be drilled by a non major. Nice photo of the West Saturn which is a nod to the drillship BPC will be using. $36m funded for $25-30m well cost to penetrate all horizons, testing 3 and 4 way dip closures, additional tools available to collect fluid samples and side wall cores, aswell as measure pressure and temperature. Multiple potential hydrocarbon reservoirs. Lowest relative prospect risk - effective top seal , preferred migration pathway and charge attributes. Funded for contingencies and expanded testing costing $5m.
Monk
How no prosecution took place just shows you how corrupt AIM is. That was a 3 way share RKH, DES, BOR, the professionals must of made a fortune while I lost 1 Lol.
Onwards and upwards.
Hey Monkfish, don’t whinge about your wife :-)
Lol Sol,
That rates as one of the most epic re-RNS's ever. Jesus would have been impressed!
Monk :)
If this gets to 50p a share at any point i'm out with enough to clear my debt, pay off my mortgage and buy a new car. I might even cut my losses, divorce the wife and move out to Oz. Depends on what sort of mood I'm in. I hate whingers so still can't understand why I got married in the first place!
Monk :(
RKH, just goes to show anything can happen, just like Desire and the water, unbelievable.
Harry
You saw the RNS, I stated 3 things all correct.
1. MF not fully taken
2. Not the RNS people would want the next day, it was the day after.
3. Request for extension which BPC said no too
Some Richard the 3rd reported me for telling the truth on inside knowledge resulting in a ban, and couldn't or didn't have the footballs to apologise.
Anyway knowledge is power, when you share some just don't like.
The Richard's who posted know who they are. Mirror pot kettle.
Been there with Rockhopper, burnt accordingly, lesson learnt and won't make the same mistake again.
Monk :P
Wise words Sol, agreed.
Monkfish
500k shares will not get you a retirement fund unless you play like the Pro's and we all get lucky on this share. Most will be gone out of this share at different stages, and definetly if a vote was thrown back on the table.
Most will top slice before the drill for a free ride, price will drop during the drill, then pick up towards the results. Depending on the drill result, if good, could go to what price!!!! results will dictate. If we have one drill and it's a duster or poor results, then the shares will tank before the market opens. If it's a duster and we have a 2nd drill, people will try and find the bottom and get back in, then sell before the results.
A lot of genuine people have invested, just be sure if this is your hope, you know what you are doing, and at least get a decent return, which is better than no return if you chase the dream.
From me with experience of catching a dream, and loosing it, but still fighting.
Good luck, but as some will say, WTFDIK :-)
Monk, I raised that very issue a couple of weeks ago (i think it was that long ago) and was assured that had gone by the wayside. I had read some time ago that the referendum would come once the results of the exploratory well was in. The response was along the lines of previous incumbent in office and the new PM had done away with that requisite referendum prior to production. I will see if I can dig the response out and the poster of it.
Ok guys, before I press on with this I'm going to say that this share is my retirement hope with almost 500k shares held. Everything looks good, the pieces are lining up nicely on the proverbial chess board, but one thing is bugging me that everyone seems to have forgotten.
The Bahamas Government promised a national referendum after this drill, the exploration drill being a prerequisite for said referendum. So, assuming we find a sh@tload of oil with our drill which is most definately my hope, what happens if the referendum is a flop and we don't get the go-ahead to progress further?
Indeed, more to the point, would a Major take the risk of signing a deal with us PRIOR to the drill if there was a risk that things would fall to pieces due to the Bahamaian People foolishly deciding that drilling further holes would not be in the Nation's best interests?
I'm not deramping in any way, this is a personal concern that is hanging over me like a grey cloud. Please, constructive answers......
Monk :P
Pr0sp - love it !!
For what it’s worth this sp should have retraced a bit more than it has by now.
I have a feeling we are going to attack 4p again and may blitz it.
AIMHO SO CARE WARNING!
GL
Good post! I think any partner will come in on BPC's terms.
Veteran10, that is exactly what catched my eye in RNS: "At the same time, we continue to consider several farm-in options".
That would mean that they have offers on the table and not only talking about it potentially happen?
BPC presenting tonight in town... it'll be recorded and probably available Friday at some point.
They won't farm out cheaply.The company has said many times it has to be be for the right price.