Member Info for bonum

It's no point getting on a supposed 'moral high horse Starchild and due to pompously headed posts about 'Starchild's Eureka Moments' - being ripped apart with logic based on the Company's own statements.

Not on Starchild's 'imaginative' play on what the preferred narrative would be in his world.

Note the specific wording from last weeks RNS;-

"it has long been the Company's stated policy that the transformative value of the project would be maximised by introducing a long-term partner via a farm-in, and it continues to be the Company's view that a partnership with a large multinational oil company will offer considerable benefits when it comes to taking the project forward ONCE THE INITIAL EXPLORATION WELL IS COMPLETED..."!!

This is a forum for DISCUSSION - if your argument, based upon pure conjecture & hype, gets taken apart, dont try to then abuse posters for doing so.

Everyone is entitled to change a stance on an investment and given the change in the situation surrounding such investments - as communicated in the recent RNS.

I hope that was a 'EUREKA' moment for you!

Atb & have a lovely day

Dow finished up last night on US stimulus measures - Ftse set to make a 'stonking start' (not my words) and Ftse futures well up atm.

Yesterday's macro market sentiment didnt impinge on the price here and reflects the Confidence in the company (dyor which will demonstrate why) and the buoyancy of the underlying Uptrend here.

Do we really think the share price will be sitting around the 4p mark in the coming weeks/months - or back well into double figures as we progress through fast track monetization of Heron 1, partnership deals for full field development and further exploration of the potential world class along with the aforementioned.

Petro Matad is well placed to establish itself as a growing Producer /Explorer and with a Govt working closely with it and in line with it's own domestic policy - the $1 Billion India backed refinery needs utilisation and PetroMatad are a key part of that strategy playing out.

We're not any 'tin pot's outfit, flying by the seats of our pants and with Billions of shares in issue - but an extremely well place Operation on the brink of a 'transformational' step change that should significantly Re-rate the Company.

There are only slightly more than 750M shares in issue, limited free float with Petrovis holding a lion's share of them.....so more than happy to have secured my own holding now and before the aforementioned transition to that significantly higher Price level.

" I think Simon should put Bonum on the board as he has more at stake than them."

Thank you for the vote of confidence Fatal - I'll save you a place at the Board table ;)

Atb

"I think it was because sea drill wanted in on the action and bpc did not want to give that % away

Not sure why Sea drill weren't content enough with a standard rig signing agreement baraboy? Please dont start making things up - they sound quite silly.

Atb

Excellent day considering the wider market and certainly reflects a buoyancy in the price moving forward.

The Ultrend looks robust to continue and given the healthy consolidation we've had previously.

I think most of us are well aware how this will likely go and given the progress towards the Ecploitation licence issuance.

Atb

Regarding not being invested bully, for fear of repetition......and any more outbursts -

I hold a significant amount if BPC stock in an ISA, having relinquished a larger holding level.

I would sincerely like a NO vote and based on arguments presented, backed by a rationale for such - not wild emotive rhetoric that plague these BBs.

Atb

I shared it as Willec specifically called me out on it - I think the text itself was fairly obvious as I mentioned Willec by name.

I hope that satisfies any rampant 'aggression' you may have against that post.

JBT, so the conditions haven't been met yet AND the official company statement says a Farm in route will be pursued AFTER the current P1 drill.

Points are often repeated on these BBs, as many dont seem to be able to absorb information presented.

Atb & have a good evening all

So all the CLN conditions are fulfilled JBT?

What I got from that interview is that Leo Koot is essentially impatient and is serving his own agenda in being so.

He's also ambitious and doesn't want to wait around for 5 years, to develop CERP - that was pretty obvious in the interview but a high risk, gambling mentality not representative of the investment base that underpinned CERP for its investors.

This is now a very different investment proposition with a completely different, Very HIGH RISK profile.

For those (Willec) continually saying BPC have all the funds in place for the drill - from the recent OFFICIAL company report;

"Company's current funding "GAP" for Perseverance #1 is in the range of $12 million to $16 million (plus a further $5 million to $10 million depending on the extent to which potential contingency / provisional costs may be required / opted for)."

That's a $17M-$26M shortfall.

That's been pointed out to certain guilty 'ramping parties' on here, numerous times - yet they persist in misleading people....??

It doesn't sound as if they were ever '3 weeks away from drilling' and given a Rig / requisite insurance was ne or secured.

They are NOT ready to go NOW!!

They have a $17M-$26M cash shortfall!

All here irenekrapp

https://www.bpcplc.com/media-centre/presentations/documents/

In his comment about a 'half billion' valuation on a strike......not sure if he meant dollars, as that would put it lower - the main point is, certainly not the bizarre figures people are throwing out.

What I got from that interview is that Leo Koot is essentially impatient and is serving his own agenda in being so.

He's also ambitious and doesn't want to wait around for 5 years, to develop CERP - that was pretty obvious in the interview but a high risk, gambling mentality not representative of the investment base that underpinned CERP for its investors.

"Leo Koot, a seasoned oil man was very impressed with the data-room."

He's also ambitious and doesn't want to wait around for 5 years, to develop CERP - that was pretty obvious in the interview but a high risk, gambling mentality not representative of the investment base that underpinned CERP for its investors.

He's also 'respected' enough to have given the company an effective 12.5p share price on a successful strike with the P1 drill....!

12.5p is the value Leo Koot placed on the company WITH a successful drill strike - why give credence to the random figures anonymous BB posters are throwing out.

Listen to the 'well respected' Leo Koot himself, as all the rampant bulls are suggesting.

12.5p if you get lucky!!

Exactly, the '3 weeks away from drilling' & '100% focus on Perseverance1' have been exposed as misleading (dishonest) statements - WHY?

Do we have a problem with P1 going ahead - in that case, BPC will have funds readily available to drink into the CERP assets and perhaps that's the game plan really being played out...!

"The only folk mentioning 12.5p are anonymous posters on the internet."

Nope, the Leo Koot stated as such via his valuation on a successful strike for Perseverance 1.....!!

The 'well respected' Leo Koot estimates the share price to be c 12.5p on an oil find!

On a duster, CERP will add very little to any price collapse, beyond a guaranteed salary to the BoD - the price will totally spiral to micro cap levels, given the extent of overall dilution.

The 'well respected' Leo Koot estimates the share price to be c 12.5p on an oil find!

On a duster, CERP will add very little to any price collapse, beyond a guaranteed salary to the BoD - the price will totally spiral to micro cap levels, given the extent of overall dilution.

More reliance on 'surprises' & 'things up peoples sleeves' Whistler....?

We had a post referring to a 'Eureka moment' which went down in flames once you got past the total conjecture!

12.5p upside on a find - from the 'well respected' oil man himself...!! Take away the 25% new share issuance and at least we'd have a better opportunity to derisk.

Catastrophe on a dry hole either way!

Atb