Member Info for bonum

Morning all.

Taking time away from any sort of stockwatching during this extraordinary time period, but did note the RNS msg.

Pretty standard and as part of the facility in place, which will eventually take us to drilling.

Patience & perseverance wins the game.

Back to my eggs benedict & coffe.

Atb & have a peaceful day

It's the brown stuff.....as opposed to the black stuff we're targeting ;)

Atb

Hello Groover,

Yes, wouldn't like to call the bottom but indications are that the more major drops 'may' have been done.

The market tends to be forward looking, so the scenarios indicated may already have been priced in somewhat and indeed, there'll be a lot of money moving back into equities at some point.

When that will be is debatable but some very high profile investors are already back buying - I would be myself if the requisite funds were available.

We shall see.

Atb

We're all also aware that Millholland & Kola Karim, were both in London recently and after the recent cas injection to provide a small extended timeframe to conclude said talks.

I think we can reasonably assume News to be forthcoming shortly.

I'm doing my home workout, then some coffee with a good book....BPC will come good in its time!

Have a relaxed day all.

Much better moves on the Ftse yesterday and even more impressive on the DOW.

Hopefully reflected in the share price here today, as we hopefully look for positive developments to be communicated here imminently and reflecting the size of the CEO's personal loan against cash burn.

Very interesting times indeed to be holding COPL stock.

Atb all

As expected, the drill has been re-scheduled for later in the year, with more certainty in operating outside the hurricane season and likely in a much more receptive macro economic climate.

There should be no issue with the License extension, for which we should have the requisite communication in due course -

"it being noted that the Company's licences and Bahamian regulations specifically define epidemic to be a force majeure event). As such, the Company is entitled to a corresponding extension to the current exploration term of its licences, equivalent to the duration of the force majeure event (up to a maximum of 1 year)."

The Bahamian economy is, as has been discussed previously, been devastated through the impact on tourism compounding previous issues and they're reliance on potential oil revenues would be self evident.

The Opec oil dispute should be resolved by then, albeit the current oil price doesn't have a 'direct' effect on the economics of the project - just wider market sentiment.

Strong support retained by parties to the financing and seen with the willing amendements to agreements currently in place.

Like many, not looking in on the markets too often at the moment but certainly expect my BPC holding to come good, albei in the extended timeframe noted and inportantly, in a better overall market environment.

Atb & have a most splendid & healthy day.

Trump wont seize Saudi assets - Opec will negotiate a deal as it always does, with no doubt background political leveraging going on behind the scenes, to facillitate such.

Markets will recover eventually so enjoy the day!

Friday's retention of the price gain may very well be indicative of some very significant News due.

Let's see.

Saudis pricing Oil away from the dollar just isn't going to happen - it's an 'intellectual' argument only and would play into the hands of other parties that the Saudis would certainly not condone in any shape!

Oil will stay linked to the dollar and any speculation to the contrary is just that.....unfounded speculation.

Rodster, your lack of good manners aside, you may want to view Simon Potter's latest interview to see hear his views on the current oil price and how it affects BPC.

That would be preferable to wild rants off the back of laziness regarding doing some research.

Atb & have a lovely weekend ;)

I'll be pleased with October - I'd be pleased with May.

I'm pleased we'll FINALLY be Drilling after 10 years!

Atb

Next week will see ;)

Have a good weekend all!

Considering some usual Friday slippage but also the beginnings of what looks like funds being tentatively pushed back into Equities, we can perhaps reasonably expect a major push back upwards on the share price - at least from the current, highly undervalued level.

There's a lot of money sitting on the sidelines atm and I certainly expect BPC to attract its own significant share of inward investment.

Next wedk should be very good indeed (compared to what we've seen over the last few weeks), imho.

Have a great weekend all

It looks like something may very well be due shortly and certainly consistent with the expected timeframe that the personal cash injection amount by the CEO suggested.

That was never going to be an extended period and certainly showed confidence in a succesful resolution to the current situation.

The share price has held on to its gains and the Upside to the aforementioned News reasonably expected, would likely dwarf any recent rises that most of us would recall.

Let's see but certainly a very compelling time for holders of COPL stock.

I still see a push next week and given the first positive indicators of money being pumped back into Equities and accomodating the usual Friday slippage.

Other stock generally moving back up will have an overall effect here to and fully expect us back over 200p shortly.

Looks fairly buoyant atm and markets still showing positive territory on the main indices. Finishing positive on the DOW would be psychologically significant, having back to back gains today and yesterday.

Irrespective, a wider messgae is being sent out that the major losses on the Markets are probably done with and we can perhaps start seeing something of a clawing back on equity prices.

There's a lot of money on the sidelines, looking for a place to work.

Beyond just todays singular trading action, I would reasonably expect the share price here to be significantly higher that the current level, within the next 2 weeks and as positive sentiment begins to return.

I just bought a few more too and adding to the sizeable holding I have already and more to leave in for the actual drill results.

I, like many here, are well aware that opportunities of this (potential) magnitude, are dew & far between - added to some of the best COS figures / geo structures - and adding the funding aspects underpinning the scheduled drilling.

Yes, we've had a delay due to wider issues but the GoB desperately need us to drill and we'll be doing so in a more stable market environment than the present.

The BUY today was a no brainer to me!

Atb all, off to enjoy the sunshine today

 I think a lot of money wants to get back into Equities.

Now that we've had domestic measures here & in the US, regarding lockdowns, schools closing etc, panick buying......and life continuing on, you get the tentative signs of a resurrgence of Buying appetite coming back into the Markets.

Buffet wasn't the only high profile investor getting back into Buying mode and others will definately follow that lead.

The ftse and Dow futures are beginning to reflect that, albeit larger scale inward investment back into the Markets, will no doubt see a staggered approach with momentum build up.

This 'may' be the most fortuitous time to actually Buy, before any larger buying wave to follow.

The BPC share price should be swept slong with that, imo and with the Dow futures up 0ver 4%, as previously mentioned.

Rockets desperately firing up his engines now, lol