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https://stockhead.com.au/stockhead-tv/v-con-oil-and-gas-buying-the-bounce
Hahaha
Jdam,
Do some horizontal drilling from P1 rofl
Let’s just tap into Cuba’s lol.
With a tight hole scenario and 45 -60 days minimum to TD we have a minimum of three more weeks for the RNS - unless BPC decides to break the scenario themselves. Very few people on the rig will know anything significant with MPD operations, even oil in the cuttings doesn't not mean success because it could be residual /immoveable oil.
No one except the LWD and wireline logging /sampling engineers, the company man, and the drilling superintendent/manager will have accurate information on the rig, and they will not pass it on except in a secure manner.
Super Strong Buy
The BoD have managed to pull off the deal of a life time, its most likely they have hit oil and estimates are at least 10 billion barrels.
But do not worry even if it all stayed in the ground we can expect at least £5.60p a share just on the Ex CERP assets.
Don't you dare accuse me of being a ramper, the above are all facts.......
No - they are the company that located oil in the north east coast of Cuba - which is not mentioned in the title of this thread entitled "northern coast of Cuba"
Certainly not a plug for it - I was commenting as the SP of that share having discovered oil is doing what ours is doing presently - going into the red, hence my suggestion "couldn't make it up really."
sun is out the sky clear blue
and now i go walking
with my dog called blue
along the coast of a deep blue sea
is all i ask for you all and me
chin up all keep the glasses full
you know on here it is never dull
More of a cat man harry, we have 2
brynjon,
You in on MAY ASX?
Harry, retired like yourself, nothing but time on my hands since the start of the lockdowns, wife shielding etc
Think it was just a case of buy the rumour sell the fact. Fact being no RNS today. Some on here are extremely jumpy. Weak longs who are skeptics but scared also of missing out.. who knows... who cares...
Bespoke, before I can come back I would need to go over all those figures otherwise I would be talking smack. Some think I already do
Zag the 15% was in relation to your "2 pennuth for the day."
Not your shares.
Are you happy for SCs post to go unchallenged ?
Do you think 20% of the company for circa £15 million was a good deal ?
And the ex cerp assets worth 7p a share into over 5 billion shares ?
If so I deeply apologise to you for any upset caused. But keep in mind I am a real holder, I want this to pan out.
Of some posters on here trying to deramp this share is madness and funny to watch at the same time. I think I have seen enough today. Can’t be in this room full of derampers knocking the share for their own gain.
Wait till we get that elusive rns. It’s coming. Share price will rocket. Derampers will be no where to be seen 100%. It’s how they work. So if you are new here today, be careful of a few posters spouting their rubbish
Dave
Fickle lot on here, myself included.
24 hours ago it was a different theme on here, some times the pro-bpc investors are worse than derampers as they/me want a Stella result.
Interesting parallels with BPC prior to CERP acquisition. However, can't see them exploiting Cuban assets unless Biden embraces the Castros.
http://www.melbana.com/site/content/
ZagEgypt,
I was considering buying some more shares, but have changed my mind the current posts seem to be despairing.
Maybe best to come back in a few days
The 12-18month budget is available via Drawdown on the CLN. Not cash sitting in the bank!
Melbana Energy an Australian stock ASV:MAY - is down 8.3% today - couldn't make it up really.
Bespoke so you think its possible they have spent the whole 12-18 months budget already ?
If they have fair enough but would need to see that in an RNS to give it any true credit.
Sharescare
I don't need the 15% it wasn't offered to me when I purchased my shares so I am not upset.
What are you getting from your multiple posts daily second guessing everything, thats it nothing but frustrating yourself and placing doubt into others.
Life to short.
If support gives way at 2p these are down to 1.75
What a mess the board have made of this drill
Last cash balance we were given was the October 31st Balance of 17.5m$
How much has been spent since then? T&T workovers? Legal fees? Over heads etc.
We raised 10m from the HF
4m CLN
Run the numbers! Money wouldn't have just been sitting in the bank doing nothing!
Worth reposting page of cups excellent posts on why no appraisal wells are needed and this one drill effectively de-risks the B North structure - as Potter has specifically stated - towards 1.4B barrels targeted :
"The porosity and permeability will determine the flow characteristics. This does not require an appraisal well. Wireline logging can determine fluid gradient, porosity and permeability amongst a whole range of other data, to determine commerciality. Fold B has been chosen specifically for the fracture system and propensity to flow oil into the well bore. Perseverance is all about volume and how many barrels the structure contains whilst confirming the high permeable fracture system and high porosity. This will determine the flow rate into the well bore and the recovery factor."
"If we imagine an upturned boat with water inside the hull and an air space above, then this is what Fold B is. The water is the oil and the air space above are the light hydrocarbons that have risen to the surface. Where there is an escape of these light hydrocarbons through the seabed, these show up as gas chimneys and vents, which are visible on the seismic. The important point to note is that these light hydrocarbons are being forced out by a driving pressure. This pressure is assumed to be the structure filling from below and driven by the deeper source rock."