Member Info for barnaby67

Maybe Russian roulette with three chambers empty in his favourite six shooter to reflect the 50:50 nature of his decision?

Moaners are worse than derampers (and rampers). 0.4p or 25p next week anyone?

Rich you (and Orson) come across as dudes who are easily swayed by positive stuff they read and don’t form your own view and then blame others when you don’t get your desired outcome. Probably overextended yourself and now woe is me. I don’t think I am too far off there. Well at least you are not out over the weekend and are here for the boomage next week.

must be worth us all buying an extra 10% of our holdings to get the price up to get rid of the clown (oh, actually buying doesn't seem to increase the price so that's no good)

I have a circa 1 acre back garden in what should be pretty much sweet spot (you can add that one to the list also) of the Weald so i might pop down the estate agents tomorrow morning to see if they can get me a good deal with UKOG. Neighbour's might have a bit of a fit when the drilling rig turns up and can't imagine what the wife would say when SS rings the bell to use the downstairs bathroom!

Got into a tailspin when I saw the share disposal in late May and seriously thought about selling out then. Oh what a goddam awful mistake that would have been. Deja vu but not thinking of selling here for even a nanosecond. Those that do will come to regret.

Framing = Graking

framing you are a moron of the highest order if you believe the tankers concerned have been taking waste materials to the refinery! You sound like someone who believes the moon landings were faked and the tooth fairy really exists!

Exclusivity has ended and whilst end of that period is tomorrow, I do not expect and RNS tomorrow or Monday for that matter

Hi Scully - first up you were definitely my favourite character in the X-files! Yes, not sold a bean. Lost 70-80% of my profits since 8am last Friday and happy to put my remaining profits at risk for sure. If we get to circa 0.85p again (where then there would presumably have been a further clear adverse development then I will take stock and see if I still fancy the £25k remaining punt). Was almost £250k down on GKP at one point (OK that admission suggests I am crap at stock picking) but believed in the asset and punted big when the capital was restructured and am now in overall profit so things can turn if you have a good asset in spite of management incompetence and political shenanigans etc. Have definitely convinced myself that all is not doom and gloom but rather we are just at a juncture in the deal process. I do this stuff in my work life in financial services and there is nothing like ebb and flow of M&A process - and I am definitely always at the pessimistic end of the spectrum there so my positivity here should be seen in that light.

And the “demonstrated interest from an international oil major” is more than they ran the rule over us but decided it wasn’t for them but rather it is genuine committed interest that can be used by BPC to find the additional partner(s) required (but not for the market to know at this time). All will be revealed when all conditions and capacity are satisfied and filled respectively. Obviously can be barking up the wrong tree but so glad I still have all 3m shares.

Tiburn - maybe we both had the light bulb moment at pretty much the same time!

Maybe they had to end the exclusive nature of the discussions because they have laid down an offer for X% of the requirement (X < 100% obviously) and so had to enable BPC to find the (100-X)% by having open market discussions (or, as a backstop find that proportion themselves - although I doubt that as I can’t see BG being happy with BPC having to fund (100-X)% of cost of any environmental disaster). As the current offer from the major does not enable anything to move forward unless the other bit is sourced (which is unknown until it is found) that in itself is not RNS’able, particularly if the major has made its partial conditional offer subject to the confidentiality of the formerly exclusive arrangement (ie only break cover when all conditions are satisfied, including BG approval etc etc).

Jim - another post of sanity and reflection from you and as with the earlier one interspersed with all the noise and mayhem on this board at the moment. Maybe the BDM’s will get it that we’re not about to do a 6bn increase in shares placing to go it alone on a drill all with the BG blessing.any time soon with Potter standing on the rig in his finest golf attire directing operations with the finest drill in the Black & Decker range, with r chargeable battery fuelled by solar energy!

Some = Somm

Some sounds like you have lost big and bad on here. Hang on in there, always look on the bright side of life and all equivalent expressions!

Jimtheknow - you are spot on. There are some boneheads on here (Bonum yes you) - there is zero chance of an astronomical placing to go it alone on a drill. Yes, there could me a placing to replenish kitty around turn of year, maybe £1m or so but that will be that order of magnitude and for no other purpose.

Degsy, whilst I am in a bar (OK pub) namely the Harrow just off Fleet St I am definitely no baby!!

There is one company on this thread that I would definitely not want to have much invested in (and before you say it it is not BPC)! I would definitely be leaving my much dwindled profit in here and risk loss in comparison even it is only an unsubstantiated rumour!

That is a rhetorical comment. MQ will get their fees come what may (unless they have decided / been persuaded to forgo some of the standard fees for a success related component) and, being quite frank about it, won't give a toss whether they achieve anything for BPC as long as they get paid. If you are an adviser working in M&A you get very dispassionate about whether your client get's what their after. True you want some successful deals for the CV but advisers rarely get emmotionally attached to the actual outcome of the deal unless they take a cut / financial interest. I would imagine that the current engagement is for a fixed time for a fixed fee - it won't be open ended until deal or BPC fail however long one of those take to happen!