Member Info for armatrading

http://www.tribune242.com/news/2019/mar/18/oil-explorers-254m-certainty-weve-craved/?fbclid=IwAR0HVyInBYhTpXumIPGt_pMrqTthmuOBYWqJQLLhlJOFuR0PyqkMyzy6d6Q

I guess we'll never know if there was any such clause in the Exclusivity Agreement. But it wouldn't really be in anyone's interests to have such a binding clause, as it would be quite limiting.

Having a one-time-only clause would concentrate minds though. If the counterparty knew that they would only get one chance of the action, they would have to be very, very sure about ending the agreemen /walking away.

The payment for Exclusivity would have made up for the lack of competition during the Exclusivity, though, from BPC's point of view.

http://www.lse.co.uk/ShareChat.asp?ShareTicker=BPC&share=bahamas_petrol

Could the posts have been moved to the 'main' BPC board?

Could Statoil be the one? Back again after a long absence.

Having an exit strategy is good practice BEFORE the event. This helps to avoid making emotional decisions, and possible mistakes. It helps avoid making sudden decisions that you might regret.

I've had an exit strategy for YEARS, and update it according to any changes in personal or financial circumstances. .

Yes, always very wise to have an exit strategy, given various possible scenarios or share prices.

Warren Buffett!!

...If only the share price WAS £1.60

Actually, since those figures were compiled, as part of Simon Potters renumeration package, some of the share options were annulled, if memory serves.

SHARES IN ISSUE: 1,572,719,096 + Simon Potter's 63,567,276 accrued shares + 68,850,000 share options upon deal/drill.
TOTAL 1,705,136,372
All figures approx. DYOR. E&OE.

Malcy has stated previously, categorically, that he is not invested with any of the shares he recommends or discusses.

https://www.offshore-mag.com/articles/2019/02/extension-confirmed-for-offshore-bahamas-well-commitment.html

COS for the different structures in our license areas is between 9% and 35%, with the highest MBBO being the most likely COS. All good!

The BG refer to it as the 'Blue Economy':
https://thenassauguardian.com/?s=blue+economy

Oh! The sweet joy of anticipation.

The reference to 'All parties' might just include us shareholders... or, IMO more likely, include those parties in discussions re a deal.

From the article https://ewnews.com/pm-skirts-talks-of-oban-deal

"You hear I am going to Cabinet today to discuss another project that I know will work, so I ain’t talking nonsense today,” the prime minister said....

“Oban is not on the radar this morning. We are dealing with other issues this morning,” the prime minister said before heading a cabinet meeting.

I woder if the 'another project' and the 'other issues' the PM refers to, are anything to do with BPC....

Come drill a well
It's now or never
Be mine tonight
B.P. or Shell
Tomorrow may be too late.
It's now or never
Come drill a well.

Do these trials not have fixed terms and end dates? Otherwise the client would just carry on receiving a free service, in return for, say, regular feedback ??