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So whats everyone's "the morning after" spud SP expectations here ?
If you are pushing clouds with your nose, please leave your comment out on this one...
I reckon anywhere between 6p and 8p but might be completely wrong here.
Gla
Pre spud ............double figures.........!
post .........0.5p or 50p depending on results.......... :()
All the best (pretty much the game here............! :)
or........
a brand new van............. or a 2nd clapped out wonky wheeler........... :()
All the best (ode to HoD...... :()
Is 50p a really possibility on a strke?
Well........... it could be a quid willec............ :)
All the best (we'll find out early next year......... :)
? JBT2007..............?
interesting.........!
All the best (lol....... :()
Willec
That would value BPC at approx 2 billion, that is very unlikely(I would love it) I my very lowley rated humble opinion
If 50p+ a share = $2B market cap:
"In a successful development scenario of approximately 0.7 billion barrels (i.e., of the P50 resource level at Perseverance #1 only), and assuming a real US$40 oil price, the project remains robustly economic with an NPV10 exceeding US$2.5 billion"
The combined BPC team plus their expert consultants, with over 200 years of O&G combined experience, validated by independent CPR, also thinks that this one drill largely de risks the field:
"In the event of a successful development being established at the BNorth Perseverance #1 location, it is expected that the most likely resource volumes identified for the remainder of the 70 - 80km long B Structure would be largely derisked"
No ramp, its what the company believe and as stated in RNS.
I keep reading "IF" more and more.
That tiny little word has the weight of 4 billion shares on its shoulders, as let's face facts "IF" no oil its........
Zag: what do you expect me or others to say? everything is an 'IF' and this is considered a speculative share, otherwise we would have a billion pound market cap today.
I've tried to be helpful and so have others. We are all in this together including you and me.... except for the permanent shorters who write regular derogatory comments against the company and the BoD for selfish gain.
Star
And helpful you are, but since starting my accumulation in March I have seen things with this share I have not encountered since trading in the late 90s and going through the dot.com bubble.
Give me a nice stress free run to spud and I will sit back an agree with all on here.
Zaggy: join the club!!!! I've own shares for many decades. Some spectacular, others nasty dogs. Worse than my e-wife's (can't remember which wife) toe nail eating bulldog Captain Gumdrop.
AIM shares have a relatively small liquidity market and as you have seen fluctuate with MMs making profit along the way.
Small market cap energy stocks are a dream come true to traders with CFDs/derivatives. Many who short the shares.
However all said and done, with a bit of patience you can make lots of $$$, subject to some patience and medical supervision for blood pressure.