Member Info for BigSi

that’s funny coming from you -

the idiot that dishonestly ramped the hell out of this pre pv1 - seems it only turned to ****e after you were mugged off by bod fundraising and lost the lot on pv1 -

ceg is actually in a favourably position currently- cash in bank and a carry with a very credible partner demonstrating the validity of area off 1 & 3

sad little looser - shuffle off now

3p ? Market cap of 360m approx

What absolute twaddle.

Is this some kind of joke -?

Is it a long stop date of December 31st for farm out, those planned dates always work out on time

The PRD CM announced just today - longstop was delayed and extended

As long as he can keep taking out millions in cash salaries you think he cares too much about the confetti shares?

Presents. Day by day I believe we are creating intrinsic value which I strongly believe will ultimately be rewarded, and which is why I am increasing my personal holding in the Company at this time

Shareholders should listen more carefully to presentations and read RNS with an eye for what’s actually said - as previously said it’s all about wording

Why is this BB full of idiots who won’t acknowledge risks to the downside and refer to anyone that point them out as trolls -

Just here for affirmation bias -

Lessons will be hard learned -

Down 65% in 2 weeks already -

TrInidad is not “profitable” it is loss making

Can’t you or don’t you read the RNS ??

You really should

“CEO seems upbeat about what is coming”

Lol CEOs of AIM cash poor share issuance companies are always “upbeat” about what (possible) positive is to come -

He was also upbeat prior to both resets - before the share value dropped 99.9% for holders that were also “upbeat” at the time

“I can not see any negative side going forward”

oh dear :)

In for a crash course in AIM “investing”

Same issue -
I’ve had it before.
Give it till lunchtime-
If you want to trade just call help desk and they can execute it for you

You will likely be able to buy below placing price as overhang cleared -

If CERP assets were “proven” to be as good as claimed then the company would not have been forced to rely on death spiral convertible loans- but rather secured far cheaper and less dilutive RBL.
Simples -
Nothing has changed - assets need work overs and to be proved up - such work required funds - 500BOPD PEAK !!! does not cover G&A let alone work required - hence BPC prudently attempting to secure $20-30m prior to TD at which point they knew funding would be near impossible on drill failure.
I strongly suspect it’s fresh dilution all the way chaps -
It’s AIM - you should know the score.

POO has increased since merger -
Also some cash in bank - although most now spoken for, licence fees to pay and a cash consolidation to LO likely.

However this is worth considering....post Bahamas

-- The Merger values the entire issued and to be issued share capital of Columbus at approximately GBP25.1 million, and the Offer represents a premium of 11 per cent. to the Columbus Closing Price of 2.40 pence per share on 10 June 2020, being the latest practicable date prior to this Announcement

Lallee- is not wrong - if you have failed or chosen not to conduct your own research and are relying on BB info including ramps / speculation / rumours for confirmation then suck it up it was your money your choice, no one put a gun to your head.
Just don’t make the same mistake next time. Advice I’m sure many will fail to heed.

PS- heard from Jman laallee? I suspect you won’t be remaining email buddies ?!

Any news from Jman and his “contacts” ??

Today will be horrific with insufficient funds remaining for development of CERP assets despite being raised for that purpose.

More fundraising required -
All PIs exiting at once with few buyers will almost certainly result in a SIGNIFICANT drop at open -
The price will not recover to 2p as further funding required and now less options available.

Once again shareholders mugged.

Fool me once .....

So how upfront were the BOD over PV1 TRUE costing as NOTHING remain for funds raised for T&S????

Key word “POTENTIAL”-
The validation of a competent seal, good reservoir quality, charge and the presence of oil points to significant hydrocarbon potential remaining in various independent, untested play systems and structures within BPC's extensive acreage
PV1 had “potential” also -
I can’t see them raising sufficient cash again- and if did dilution would be HORRIFIC

Basically Game over -
And insufficient funds for remaining assets
As at commencement of abandonment of Perseverance #1, the Company's cash balance is $12.5 million. These funds held will be applied toward satisfying final payments relating to Perseverance #1 as the drilling programme is concluded, progressing the Company's work programs in Trinidad and Tobago and Suriname over coming months, and general working capital purposes