Member Info for bluesky66

" This means nothing to me ".......

Waited a long long time for this day.Good luck to all LTH.

Filledtospill

" WATCH THIS SPACE"
Consequent on entry into the rig contract, BPC has granted several investment options to Stena Drilling Limited (the "Optionholder"), such that, prior to 1 December 2020, the Optionholder has the right (but not the obligation, and there can be no assurance that the Optionholder will exercise the right, all or in part) to (i) subscribe for up to $10 million of new equity in BPC on the same terms and conditions as would apply in any BPC capital raising, or (ii) farm-in to the BPC southern licences on the basis of $10 million for a 10% non-operated working interest. If the Optionholder were to seek to take up either of these investment options, the consideration could be satisfied either in cash or by way of offset against amounts payable by BPC under the Rig Contact.

Wow - Theres a name from the past.

Still wrestling with it.

Does anyone know for fact which sampling method GDR & Divoc Labs have put forward for accreditation ?
Is there delay because the application has changed from nasal swab to saliva ?

If Divoc have installed BC automated test machinary & saliva sampling is accredited for both USA & India !!!

ps. My feeling is the new Divoc Lab is now licenced but we still await the go ahead for the GDR test.

Cast my votes today. Resolutions 1,2,3,4, AGAINST. 5, FOR.

Jim
My thoughts exactly.

Private Investors hold approx 50% ofshares.
We have the ability to vote this proposal down.

At the present time and with what we are being told (not what may or may not be going on behind the scenes) my votes are a NO.
Do we still have the means to raise funds for Pers 1 as and when needed or not ? If we do, then why the merger ?

over 4 Billion minutes of reading in this ! lol

Many posters keep using the figure of 14% .

From Merger RNS.

BPC recommendation

· The BPC Directors intend to unanimously recommend that BPC Shareholders vote in favour of the resolution to be proposed at the BPC Extraordinary General Meeting to authorise the BPC Directors to allot the New BPC Shares necessary to effect the Merger.



· The BPC Directors have irrevocably undertaken to Columbus to vote in favour of the resolution to be proposed in connection with the Merger at the BPC Extraordinary General Meeting in respect of their entire beneficial holdings in BPC, which, in aggregate, amount to 15,820,000 BPC Shares, representing approximately 0.6 per cent. of the BPC Shares in issue on 10 June 2020 (being the latest practicable date prior to the date of this Announcement).

“Disclosure requirements of the Takeover Code (the “Code”)
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of
relevant securities of an offeree company or of any securities exchange offeror (being any
offeror other than an offeror in respect of which it has been announced that its offer is, or is
likely to be, solely in cash) must make an Opening Position Disclosure following the
commencement of the offer period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening Position Disclosure must contain
details of the person’s interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any securities exchange
offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time)
on the 10th business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant securities of the offeree
company or of a securities exchange offeror prior to the deadline for making an Opening
Position Disclosure must instead make a Dealing Disclosure.

Today is 10 day deadline

Shareholders have 10 business days to report any holdings over 1%,from date of merger announcement.
HNW investors or Pension funds may have accumulated these positions over weeks,months or even years !

Todays declerations do not neccesarily mean there has been recent buying.