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It'll be interesting to see if we have another sharp fall after yesterdays impressive rise, as previous such short term moves have demonstrated - or indeed, if we get some semblance of stability or even a further move up.

Perhaps those aware of the perilous cash situation have already sold and we now have new punters moving in on the possibility (no matter how small or not) of the impending RNS to be positive......maybe even a new cadre of posters 'promoting' the stock?

We shall see!

I still hold a position here, accepting of the highly speculative nature of this particular stock and the realities of their challengeed cash position.

Atb all

I hope posting that made you feel better Fatal....!

Atb

Oil useage may become obsolete day - but not today.

Lol, never heard that turn of phrase - the BB will get very busy, with all assortment of various personalities soon, I dare say! ;)

Atb

Of course, with our succesful recent OO/Placing and well defined price catalysts, we have a much stronger platform to sustain any such price rises - barring actual drill results of course.

Atb & have a goid day all

It had risen from 0.19p to 1.3p on the morning of their RNS.....all in the space of a month!! The news they received on Monday was more than factored into that, along with the near term cash flow & otger debt issues that plague that particular company.

Although it went up to circa 1.8p on the day, the previous gigantic rise had already (more than) factored in their news and with a very weak financial platform, hence I dont think their was anything 'unscrupulous' going on - beyond 'Blackadder's' contributions perhaps.

From a slight parallel, I'm looking at us getting into BPC at the current circa 2p as equivalent to their 'early entry' ininvestors at 0.19p, with an equally impressive rise within a relatively short time period and underpinned by the CEOs comments on near term newsflow feeding into shareholder value.

Of course, with our succesful recent

I'm not sure where Uncas 'rubbed it in' fatal but I'm sure you thoroughly enjoyed it....!

Atb ;)

'RNS of the year on AIM....' - that'll be BPC in the coming weeks, imo (dyor and you'll see why)!

This has come a long way from its 0.19p low and I was fortunate enough to sell out yesterday at c 1.5p.

Atb all

Should bring in some further interest, through direct Buying and people adding to 'watched' stocks.

Have a good evening all

ORCP has almost x10 bagged already in just over a month from its 0.19p low - I sold out my holding today at circa 1.5p.

Hopefully see a similar rise with BPC in the coming weeks and we certainly have plenty of News catalysts due.

DRILL, DRILL, DRILL....!!

That's what I'm looking forward to and very positive outlook for News and an a corresponding increase in Shareholder value, from the CEOs statement!

Let's look forward to all those red dots........on the RNS tab and not anyones little pecker ;)

Atb all

"... .....it's going to require significant or regular news flow to squeeze the coffers of these PIs still further or to attract new punters. Patience required"

Quite agree and as Simon Potter's statement made clear, we have a raft of news releases in the coming weeks, to bolster such a move for the share price. it'll be good to get Xmas out of the way and then push right into the bulk of that news and our progression into actual drill ops.

Atb

Make money off BPC and then load up on the Divi paying stocks, in the event of such a market environment.

That's the way I'm approaching it if the market reacts as such.

Atb

All going ahead then and very positive statement from the CEO!

Good enough & let's get drilling!

They didn't have the funds then that they have now - it's all about being able to get the drill bit into the ground!

The Farmi in is not the 'priority' now, as they have funds secured via the Open offer / placing - after that, it was always going to be relegated to a 'bonus' if achieved under the right terms.

The succesfull Open offer / placing once initiated, changed everything for the company and why it's full steam ahead now for the target drill date.

Good post!

The priority is to get the drill bit going - that's what's being EMPHASISED and what we're all looking towards! The update on the website reinforces that comittment, so all going ahead as planned!

Atb

You do that! ;)

The specific issue of Seadrill was under discussion, as the header suggests. Jimtheknow quite rightly points out the article inititiating this thread, was primarily focused on Seadrill from an investment perspective.

Linton in his post discussed the the key point about debt maturity and as encompasses in the following ""Seadrill Cash is now $1.445 billion which included restricted of $229 million. Seadrill has no debt maturities before June 2022."

In conclusion, there should be no issues that we can reasonably establish at this juncture, to cause issue regarding the rig - emotive rhetoric on aboriginal issues doesn't cut it, imo, from a rational assesment of the investment case.

Discussion on methods of personal gratification, whether alone, with the butler or in any other form, are best kept private Fatal.

Atb

He can't hear you - he's just 'Jack...t' himself, whilst running for the hills!

Lol