Member Info for andyh1978

Morning

Added more this morning at 0.51, this seriously looks under valued and I've massively averaged down my position.

Should see more news on CERP Assets and spud/increased production and then we have The Bahamas! Something must be good in the data and I'm optimistic about a JV/Farm-in.

All just my own thoughts and opinion, targeting 2.5p by the end of 2021 then out!

GLA

Life in the old dog yet.

$15m of free cash was based on the poo of $48 a barrel. It’s now up 20% since then.

Still so much negativity, time to get over P1 and move on. Anyone with any doubts about the value and opportunity in this share go and read the RNS dated 01 Dec 2020.

DYOR

Irene - I see you are a regular contributor to this board, are you a shareholder?

Me 3! added 200k of shares. Now sat on 600k shares for a medium to long term hold.

So much hate and "told you so" on here today. Many many true long term BPC'rs massively under water and me included but people just want to gloat.

Well this is a massive FU to those people. While we may all be sat on significant paper losses but they are merely that until they crystallise.

GLA all LTH. The recovery starts here.

All the best.

Gutted!

Can’t be many with average of less than 2p so who’s going to be selling to drive the price down further?!

Maybe, just maybe, it won’t be as much of a bloodbath as with think.

Long Term Hold for me now.

Good luck guys.

Ok, looking at it simply,

Assumptions

Advisors carry out work and the bill is £200k.

BPC decide to not pay the £200k and issue warrants for the work.

BPC strikes oil, SP goes to 6p and all of a sudden the work carried out by advisors is worth £500k.

Why?

Why would you do this if you thought you had a BIG discovery and the SP was going to rocket? Why not just pay the £200k now.

For the avoidance of doubt I am a long term holder here and I'm trying to understand the logic of this morning RNS.

I don't understand this RNS, why would you issue Warrants for circa £200k of fees at this time?

I don't like the look of this, it makes. no sense.

An excellent post! Everything that's going on both politically and financially imho points to an Oil Discovery of what proportion we wait to find out. However my gut feel, for what its worth, is a significant discovery.

Keep the Faith and GLA.

Iamrich - Well said!

I agree, I also think there is Oil (imho), once Lombard have finished dumping I'd expect to see a steady rise into a results RNS which is probably 3 weeks away.

Remember the hype when they were is discussions with an Oil Major, price went to 7p. That was long before any actual drill albeit the number of shares that were in circulation then was a lot less. However, we are here, the drill bit is turning and a 100% owned potential world beater of an Asset.

Ignore the haters!!

He works in the lab testing the oil ; )

I could't resist adding a few more today, my view is they will strike oil in a BIG way and if that happens then todays prices will be a very very distant memory. Just my opinion.

GLA and Keep the Faith.

Absolutely, an emotional moment.

This new funding, albeit not ideal further dilution, is a good sign that the JR will be kicked out.

This simply would not have have been agreed if they thought the JR would be an issue.

Looking forward to the long awaited Spud this week.

GLA

This is just too good not to top up at these prices.

All aboard......

At last things look like they are really moving forward. GLA and Keep the faith!

PS

Start in for the ride......

Starchild - A great post!

IMHO the time is coming where all LTH will finally be rewarded for their patience.

GLA!

This is a really good old article that provides some excellent background to this project

https://www.businessinsider.com/paul-crevello-and-the-oil-rich-possibilities-for-bahamas-petroleum-company-2011-6?fbclid=IwAR2X5F5IaQpAUoncCuW_t9ibtucLYEKOIRrwN4K7LT1OC5UInUuOdZnlLCQ&r=US&IR=T

No surprise at the placing and does anyone really care about current SP.?

This is all about the drill, ask yourself this, how many Companies like this will have a 100% ownership of such a potentially massive upside?

Roll on December and keep the faith.

Good things come to those that wait.....

GLA

What have I missed this week? Almost a 50% rise since I looked Sunday night. News incoming?