Member Info for armatrading

They also need to quell excessive hubris on rumour

Indeed. The 'fake' opening price of 5p skews the %age loss.

The actual open was over 6p.

So, in effect, the share price has dropped by 1p (or 1/6th or 16.6%).

Ya welcome, SBB1.

LOTS!

But ...

Highlights



· External technical audit conducted by Moyes & Co ("Moyes") indicates aggregate mean volumetrics assessed for the key structures in BPC's southern licences is a STOIIP of 8.3 billion barrels, with an upside of up to 28 billion barrels STOIIP. Moyes independently calculated the probability of success ("PoS") factors for each of the major reservoirs assessed, the majority of which were calculated in the 25 - 35% range.



· Applying a recovery factor in the range of 20% - 40% to the Moyes STOIIP volumetrics would result in an unrisked Estimated Ultimate Recoverable ("EUR") in the range of 1.6 billion to 3.3 billion barrels (mean), and up to 11 billion barrels (upside).

https://polaris.brighterir.com/public/bahamas_petroleum_company/news/rns/story/xqq5yqx

Three multiples of 6p??

.

Just a glitch on LSE, that wasn't reflected in price charts from other sources.

Well done and congratulations.

Highlights



· External technical audit conducted by Moyes & Co ("Moyes") indicates aggregate mean volumetrics assessed for the key structures in BPC's southern licences is a STOIIP of 8.3 billion barrels, with an upside of up to 28 billion barrels STOIIP. Moyes independently calculated the probability of success ("PoS") factors for each of the major reservoirs assessed, the majority of which were calculated in the 25 - 35% range.



· Applying a recovery factor in the range of 20% - 40% to the Moyes STOIIP volumetrics would result in an unrisked Estimated Ultimate Recoverable ("EUR") in the range of 1.6 billion to 3.3 billion barrels (mean), and up to 11 billion barrels (upside).



· Outputs from the Moyes technical audit reconfirms BPC's belief that the minimum field size for an economic development is less than 0.2 billion barrels.

https://polaris.brighterir.com/public/bahamas_petroleum_company/news/rns/story/xqq5yqx

If you bought in a good price, and made a decent profit you're happy with, no need to despair.

.

Could some news come at 7am / 9am Bahamas local time?

Institutions, you're very welcome to come on board.

Bernstein: Oil May Jump Past $150 On Chronic Underinvestment

A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle that could see oil prices soar to $150 a barrel or more, analysts at Sanford C. Bernstein & Co said on Friday.

After the oil price crash of 2014, oil companies slashed exploration capital expenditure. Now that oil prices have recovered, those companies are looking to reward shareholders with dividends and share buybacks to show that they have successfully come out of the price slump.

The lowered capex in exploration, however, is depleting the oil industry’s reserves and reserves replacement ratios. According to Bernstein, the reinvestment ratio in the industry is the lowest in a generation, which is setting the stage for a super-spike in oil prices; prices may even beat the record of $147 a barrel from 2008.

https://oilprice.com/Latest-Energy-News/World-News/Bernstein-Oil-May-Jump-Past-150-On-Chronic-Underinvestment.html

Never seen a 100% buy on Barchart before.

WOW!

If we know, then so does everyone else...

There was a smaller fund called RAB Special Situations Fund (RSS) which held shares in BPC.

I believe it's holdings were in riskier assets, including shipping which didn't fare well. The company proposed winding up and returning funds to shareholders back in 2015/16 I think.

https://investegate.co.uk/bahamas-petroleum-co--bpc-/rns/holding-s--in-company/201011190700104703W/

Could there be some news in the 'pipeline'?

...IF, we get the deal with major, for 20% of the asset, AND IF once we drill, oil is proven, and IF there is no dilution of shares.

That would value us at £1.9 billion, on what is a potential £11.9 billion asset.

You're welcome, Moon82.