Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry but can anyone explain why Oslo is up over 400% while we are stuck at level. Please excuse if I have missed something.
Thanks
Stick to the technical data on this one for your investment choice. This is not a day trading share.
Have completed my final top up here and will leave alone until the spring when this will be 25p plus either with a dilution or a farm out. In Alan Burn’s day this was worth 18p and that was when they had no seismic data or anything.
We are nearly there. The show is about to begin. This time next year rodders ....
Best
My prediction for this week.........4.25p
Best!
I
“Bahamas Petroleum Company (BPC) is preparing to drill an exploratory well with or without a farm-in partner next year, having secured a framework agreement with deepwater drilling contractor Seadrill for the use of a drilling rig and the services of renowned oil field service company Halliburton to provide equipment tools and a drilling plan, the company’s notice of annual general meeting (AGM) outlined.
BPC notes that the cost of the well could be between $25 million and $50 million and although it will go ahead without a farm-in partner, one is preferred.
BPC is seeking to raise money to fund the drilling of the exploratory well if a farm-in partner cannot be secured in 2020. The company is obligated under its licensing agreement with the government to drill an exploratory well in its licensed area in the southern Bahamas before the end of 2020.
If the company is forced to extend its licensing agreement, it would be “required to relinquish 50 percent of the southern license area”.
According to BPC’s AGM notice, the company’s board of directors concluded that moving forward with drilling the exploratory well without securing a farm-in partner is the most prudent course of business in order to comply with its agreements with government.
“To enable the company to commence drilling activity in a timely manner during 2020, as required by the license obligations on the southern licenses, a number of critical tasks must be addressed in advance,” the AGM notice states.
“These include completion of detailed well planning and design work, securing access to a rig and provision of required integrated well services, procurement of long-lead time items, finalizing the logistical plan along with associated supply base location and set-up, finalizing pricing for other critical equipment and services and completion of all necessary permitting processes. Many of these tasks cannot be adequately completed without first knowing the specifications of the specific rig and equipment that will be used to undertake the work, and having full access to rig-specific and site-specific information.
“The company has entered into a framework agreement with Seadrill, one of the world’s largest offshore drill rig companies, which will see the provision of a sixth-generation drilling rig during the first half of 2020, with delivery from the rig’s current working location in the nearby Gulf of Mexico.
“At the same time and following a process of extensive discussion and mutual due diligence, the company has been able to secure the services (and agree to prices for those services) of an integrated well services provider, Halliburton, a leading provider of integrated well services to the global oil and gas industry.
“Under this appointment, Halliburton will provide a range of essential well equipment, tools and services for the drilling plan. The company has also appointed BakerHughes GE, another leading international service provider to the oil indu
At last!! Looking forward to getting this dormant giant back into the teens.
Best!
Way too oversold. Time to add more. GLA
For what it is worth, this should be at 24p. Any thoughts?
Best!!
People now realising !!!!
This is huge. We can now be on our way. Bought in again this morning.
Best!
Can see no reason why this will not be hitting 8s and above given the potential of this technology. Once FDA approval it will be well into the teens and above when revenues will jump. The integrity in the management team is immense regarding belief in what they are developing.
My prediction but all the signs are there.
Moving on now. Where do we think this will go with funding in place??
At last we are seeing some good work being done to revalue back up to the sixteens....
On our way up now. Good return for long term holders reset!!
Brilliant RNS proving the recovery plan is working. Back up to 70p and beyond !!