Member Info for bonum

What do you think that will do to the share price here, as part of a broader underlying Uptrend and given the limited stock availability!

Atb

"There's a good chance that Petro China will want to join in, from things they've said to us in the past...."

This was after his mention of discussing the potential Partnership and given agreements already in place, regarding utilisation of facilities.

Petro China have also stated to Matad, that they'll be able to drill further wells cheaper than anyone else, which Mike Buck has agreed is the case.

I'm expecting an announcement along those lines in due course a d based on the economics as well as the specific statements regarding such from the CEO.

CS, refer to the following presentation by Mike Buck - 15min 40 sec in!

https://youtu.be/QVBJVi-6gy4

Atb

Indeed BB....but this ones about to take off in a very big way, imo.

Good to have you back on the boards.

Atb

"atm"...about to change horses again Bonum? For a poster who has actually posted some useful information on the BPC BB in the past you should have been able to join the dots."

JBT, as I stated earlier, I am still against the merger and will vote NO accordingly and based on my perception of the respective investments v a combined entity.

You may think the merger is a good idea and it's your prerogative to think so. However as a shareholder too (a part owner of the company), O have a right to not want said merger to happen for which I've supplied my arguments.

If anything, it's those against the Merger who have a greater right perhaps to be annoyed and given the fundamental changes that have been applied to respective investment profiles.

As in many things, the 'herd' look to drown out any counter viewpoint, no matter if it may be valid or not.

That's certainly what posters on the BPC board have endeavoured to do.

Let's see what Hawkins has to say - I expect he'll be better prepared than Koot.

Atb

My vote is still 'NO' atm.....

It should be interesting to see what Tony Hawkins has to say, regarding the proposed Merger.

I'm sure that the Management team, like Legget, are aware of the various questions surrounding said deal, having admitted to reading the BBs etc.

Let's see if certain of those issues can be clarified and a more compelling argument presented for the merger.

Atb

Good to see you back Sunday......the 'newu' went under my radar.

Hope you're well.

Atb

Apologies for the late reply Loz - as Sirbob states, its rather a 'modest' (Mike Buck's words) £10-15M.

They're primarily looking at facilitating operations through a Partnership agreement, Buck specifically mentioning Petro China as a candidate and 'discussions' to those ends - it could also be an alternative operator within the sector.

Alongside that would be a possible loan from a domestic lender, for which Petrovis being a major presence in Mongolia, would certainly be able to open doors to, if necessary.

Part funding through equity would also be an option alongside the aforementioned but would (if needed) be a minority element within the larger financing overview.

We have major upside here and given the fundamentals attached to the investment and with commercial assets already in place.

Waiting on the catalyst that will completely transform this.

Atb

Nominal amount as part of the company's incentive plan.

Anticipation of News?

All coming along nicely.

No income but a bona fide Oil commercial oil asset ready for fast track monetization and utilising agreed infrastructure with PetroChina.

Awaiting the Exploitation Licence and progressing rapidly to that.

You'll be aware that many Aim explorers dont 'have an income'.......and why MATD is so well positioned for a massive price re-rate now.

That's why we're at the 'transformational' juncture in its progression.

Atb

I actually think both companies are stronger individually - that's where our main difference lie.

They have very different risk profiles, hence it could be argued that a merger makes for a more balanced company.

My perspective is that individual in vestments in each makes more sense from an investor viewpoint.

If I wanted an oiler with a commercial asset + a world class exploration Prospect.....and only 750M shares in issue - I would invest in the much better MATD stock, which I have.

I wouldn't want a hybrid CERP/BPC merger with the Billions of share issuance currently and projected for more.

Let's not get confused, CERP at these prices is an excellent BUY in itself - it's the time in with BPC that I find problematic.

I'm not for or against CERP or BPC - Just against the deal.

Atb

NT trades are the norm here, given the relative difficulty in securing stock - that's why I

- hold stock securely and dont look to 'trade' it

- pay the prevailing price or put a 'fill or kill' at slightly higher than the ASK

The rationale is this moves very fast and the projected Upside is so much greater than current t levels, I'm not so interested in fractional differences - my priority is to SECURE STOCK!

Underpinning this on a more fundamental level, is the increasingly stronger investment case around the stock, recent events and the company's obviously stronger negotiating position....suggesting a more bullish move towards actual drilling.

That's why I strongly believe we'll be trading between 0.2p-0.3p soo enough and my strategy to majorly increase my holding level at these prices.

Atb

Probably a better Buy than BPC atm!

Even better with a NO vote, imo

Atb

Good one Shaa - my position in MATD is much higher, given the existent Oil assets / Transformational RNS due shortly etc.....different risk profiles but very good to be holding both.

Now back to focusing on COPL discussion here.

Have a good day

Good to see you in MATD too Shaa - hopefully your reference there the other day, helped our fellow investors there enter into COPL.

Complement each other well on risk profiles etc.

Atb....its a beautiful day.

The improving risk profile also warrants the larger investment from my own perspective, hence the greater confidence going forward.....and with a bigger position in COPL.

How long before its trading in the 0.2p-0.3p range - not long, imho

Atb

I've taken my eye off the ball on COPL somewhat and focused on my bigger MATD holding, which many here also have in their PF.....and the machinations at BPC, from which I'm divesting.

The new financing deal is definitely a much better proposition for COPL and its shareholders, with significantly less dilution, without the 0.07p 'anchor' of the price.....and definitely shows a massive boost of Confidence in procedures leading to eventual drilling.

This should Re-rate to trade above 0.2p imo and I expect that in due course. This is still one of the potentially biggest prospects on Aim and part of my divested BPC funds will be utilised for more stock here....and in the aforementioned MATD.

Very pleased indeed with the way this is developing and much more confident of Drilling to eventually take place.

Atb all & have a good day all

Investors are aware of wider market conditions relating to their own specific investments across the board - we only have to look at the effect (on a broader scale) that the Covid issue had and sentiment in the last few days regarding a '2and wave' etc.

However, overall markets are continuing the 'recovery', hence sidelined funds are remaining / coming back into Equities.

MATD benefits accordingly.

Atb

That certainly isn't surprising and given the shambles Leo Koot has pushed the Company into.

It's well enough he personally having a 'higher risk/higher reward' approach to life and the impatience not to be waiting around for 5 years to develop CERP assers - that's his approach to life and his personal agenda.

However, for investors buying into a stock that has a certain risk profile, to then be thrown into a Cassino due to the whims of their CEO - that's unacceptable.

If they wanted the BINARY play that BPC presented, they would have invested in such independently.

Leo Koot may want the 'thrill' but its reprehensible to drag loyal shareholders into that pit.

I would certainly Vote 'NO', with I suspect an immediate and profound Uplift on the share price.

Atb all & have a lovely day