Member Info for barnaby67

Wow, hadn’t appreciated the Wilton Arms had shut recently. Was always one of the really good pubs around there. Often spent a Cheltenham, Aintree, Royal Ascot afternoon In there watching the racing on TV. Last in on the Thursday of this year’s royal meeting when Frankie had the first four on the card. Shepherd Neame not my fav brewery but happy to drink their Whitstable Bay IPA in their nicer establishments!

Seriously chaps, building to a very exciting (and hopefully very rewarding) outcome.

It’s well suited and a perfect compliment to being on beef as it’s constituents lived in harmony with the beef source.

If invited I will bring my own variant on horseradish!

Some might regard it as a recce for undoubted imminent success, but did enjoy a night out at Langhams this evening after several beers at the Wigmore. Anyone suggest anywhere better to celebrate success of this hitherto tiddler?

Good evening chaps. The thread has prompted me to think about other stocks I hold in my high risk / potentially high reward (ie. it could all go tits up part of my portfolio and rather than high reward you substitute could lose shed loads). Currently I would say those stocks are UKOG, ANGS, GKP, SLE, GKP (extra horseradish for anyone spotting the connection and relation to BPB ..... OK will stop there and invite humiliation. ATB

Personally I’m convinced the OO announcement was made because they had to show Seadrill there was at least something on the table to raise the requisite amount of funds I’m totally convinced there is something else (hopefully a farm in) but they hadn’t got to the point where that was signed, sealed and delivered (but it is not far off). Clearly absent that there is no certainty the OO will be successful, but to raise £8m from existing s/h base is asking buy 1 for every (roughly) 4.5 you currently own so given the alternative (and the potential for the SP to rise a fair bit if successful) I think it is a no brainier and will certainly subscribe for my entitled roughly 900,000 shares in the OO. Clearly yes there are other things that could stop the drill proceeding even if the OO raise the requisite amount such as the EP or BG indecisiveness but if you worried about those things you probably shouldn’t be long in any case! I’m VERY VERY confident the drill will proceed and I’m very happy to have my funds on the table. GLA

Please make my day and let Reckless and Cautious also open accounts and post on here today and then I will know that the stars are aligned and we will be 87p (or the equivalent, for balance, in current number of shares - OK F**K IT straight 87p) in the twinkling of an eye!!

Picture TW AT his PC, bricking himself! Brings a smile to my face whilst on my way to my osteo appointment!

You sound like someone that should back the courage of your convictions and sell your current holding and then bask in the happy self glow of being right and buying back in over the next week or so! Makes no sense to have strong views this is going to tank but keep your shares?

Think TW AT the moment will feel like he has has his balls removed with a pair of rusty bolt cutters!

At what point today will TW at least say he was wrong. Actually I suspect he wasn’t wrong n this occasion also as the evidence would have been out there on what price they were looking at placing at. I’m sure he will say they couldn’t find investors for the amount required at any price even at 1p or less and so had to pull the placing. Question is what happens to the terms of the other funding options now given they will assume equity market (and some will still say potential farmees) weren’t interested? Have to admit I am somewhat nervous if they will get funding for the remaining portion at any sensible price so can’t see any material upward movement till we know what’s actually committed. Is the next thing we’ll see is a delay to next friday agreed with Seadrill to give them more time?

There will definitely be questions of the BOD if they are saying they had a number (since confirmed to be 4) of other funding options that were being considered (at times when the SP was double where it is now) but a large placing at or below 1.2p was better than those for shareholders. Funding appeared nebulous apart from the $12.5m announced as being available (but to still be weighed against alternatives) for the last 5 or 6 weeks so there must be a need to look into what the BoD have put out and whether it was designed to artificially prop up the SP. at best we might scrape over the line with funding for 1 well but with existing shareholders diluted on a 1 for 1 basis. This has been mismanaged by Potter as we should have been able to find a 2 well campaign if there was anyone seeing the strength of the prospects that he has repeatedly told us about for umpteen years. Really not happy with what is happening here.

Not sure we know that as a fact. If there is any truth in the SP article (and I am certainly not saying that) it is saying they were still trying to get it away at 1p.

Has it all been a big gamble by Potter that has spectacularly failed. Bluffing is that there were many options but in the end it was going to be a large placing? Failure seems to be that it wasn’t executed swiftly a couple of weeks back so doubts have crept in as the price has tumbled and the clock has run down. They have been in talks with majors etc for over a year now and no-one has jumped (or even crawled) to sign on the dotted line. This must be a huge barrier as they talk with potentially many new investors on the supposed other funding options. Have we got this close to find they just can’t raise the necessary funds as there really isn’t much interest in drilling in these waters given EA not absolutely certain?

Wow it is really tanking, could be sub 1p end of day at this rate. Not even going to get placing away at 1p at this rate. The other funding options must be pretty rank if a huge placing at these sort of levels is the only way to meet commitments to be funded by end of next week. Hardly inspires confidence in what the potential farm in partners are seeing if we can’t even raise funds on the strength of our assets at these levels.

They can win but not allowed to host the following year as winners (assume 2nd placed then hosts). Bit of a poor one as Israel host if they win, but presumably it is a time difference thing for the TV audiences!

I treat my BPC shareholding as per most former girlfriend’s on splitting up (albeit all my fault) - you are dead to me! Clearly that is an exaggeration as i’m much nicer than that!

Clearly the 87p party will be in the Bahamas so I really hope for your sake that’s findme has a valid pilot’s licence and has the wherewithal to navigate back to the UK!

P_I I think you add so much to this board and keep our chins up on the most testing of days. Not really looking at short duration share price fluctuations so will keep my shares and buy more if would otherwise be diluted if price is attractive. Have enough of I don’t and wait for the confirmed drill and the positive price action following that confirmation. Will be happy to buy you something suitably liver destroying at the 87p party! ATB