Member Info for bonum

Greedy Art Millholland still gets paid a huge amount, month after month, to feed his corpulence, regardless of any other outcomes......

Certainly all the pieces fitting together nicely here - would expect that rig announcement in due course!

Atb & have a lovely day

Captain Stanley, it can be argued that your own continued posting here after asserting you woudn't (having publicly exited) is more indicative of an 'agenda'. However, getting involved in such a discussion is non productive, imo.

I certainly don't state that a limited placing is off the table, as indeed it may be the route to go deemed most appropriate by the Management team. Where I differ from your perspective and perhaps a more 'balanced' one seeing as I'm currently holding and not looking to re-enter a position, is that other avenues towards funding may also be available and progressed.

We have a tangable asset in Heron to borrow off and indeed the possibility of a partnership agreement, as discussed on this BB previously and explicitly referenced by Mike Buck.

My (hopefully balanced) argument is that there certainly isn't the singular route to funding that you suggest and even if said route was progressed, it may be at a premium to the prevailing price and given the much stronger position PeteoMatad are in.

I think we all agree that the prospects for PetroMatad going forward are extremely good, so I certainly do understand your interest and comittment to posting here. However, the route to funding isn't so conveniently one sided imho and accepting that any of those outcomes (even the one you promote) may indeed transpire to be the case.

Atb & have a lovely day

We'll need working capital to cover Art's 'extravagances' whilst said differences are supposedly being ironed out - that's a more immediate problem atm.

Full ASK being paid now - they obviously weren't listing all the previous BUYS, so looks like a tick up coming soon.

Probably

Atb

Mine have been received - can't comment on other brokers accounts, so maybe worth contacting them.

Atb

Sure molokai and point taken - it was just a single throwaway remark and not meant to 'pump' bpc or disparage eco - just a reflection of what I was doing myself, albeit as you say, ill timed.

I actually bought eco at circa 25p and was fortunate enough to sell most of mine at circa 134p & 185p. The residual holding funds have been put into BPC now. Wishing the best for all still there though and again, point taken.

Atb & have a good day.

Picked up an extra 50k shares at 08:19 @1.99p just for that reason Keith. We all know the various caveats applied to stock dealing and a given for anyone in the markets. However, buying further at these same levels as the Instititions /oo and given the points already mentioned, I believe it's going to be an absolute bargain in the days to come.

It should also help me retain a much larger holding for the actual drill results and after strategic derisking nearer said results.

Atb

Oh well, more to put into BPC then for a potentially world class offshore drill.

Good luck all

News within approx a couple of weeks then!

As we'v seen time & again, this can move 20-50% in a day in the blink of an eye, no doubt due to the potential upside coupled with how closely it's watched by investors on the sidelines, looking to be a part of something much bigger that can play out.

The open offer / placing shares entering the market yesterday caused no significant issue and no doubt positions will start being taken around these fortuitous levels.......and price momentum built up.

Today, tomorrow or early next week......the train should start rolling upwards very soon imo and with a likely high gain day as mentioned.

Atb & have a relaxed day

Lol, they obviously know a good thing when they see it!

Finally.......now let's have word on a Dividend!

Well, that's that - Open Offer & placing shares now into the market and a slight dip off that. At around the OO/placing price of 2p, really a bit of a 'no brainer' accepting the usual rosk caveats that ho with ANY stocks trading in the markets.

Institutions have done their due diligence and are comfortable entering at this level and as Etyan stated in his recent interview, a few pennies against the potential upside is pretty negligable. Whether oil is hit or not on ine the biggest potential offshore resources, we can reasonably expect a very significant upside from these levels and a negligable dip off the 2p placing price.

In the meantime Farm in discussions proceed, Rig announcement due soon......and we steadily approach actual drilling.

Atb & have a good evening

Add to that the newsflow we may expect prior to spudding ie confirmation of rig, EA, possible / probable (depending on perspectives) Farm in news........and we already know this is closely followed by the retail sector and known for very sharp price moves.

Picked some more up for a friend at just shy of 2p.....a nice 100k shares a few min ago (in the interests of validation).

Atb & have a lovely day

Just gives a false sense of price bouyancy and possibly to facillitate a market for the placing shares, imo.

18% not very goid at all!

Should be interesting

Atb

Always helpful to see a more realistic spread.

Atb & have a good evening all

Lol, hopefully COPL will help sweeten that particular experiencel Bolton.

Better volume today, albeit not necessarily convinced that it points to anything meaningful at this moment. However, amidst the relentless erosion of the price, it is rather refreshing to see some BLUE.

Let's see what the coming days bring.

Atb & have a relaxed day all

PetroChina talks in the past had their place, imo, not least of which has been confirmed by Mike Buck regarding ongoing discussions on various aspects relating to a PetroMatad / PetroChina relationship.

Where things have FUNDAMENTALLY changed is the obvious - Heron1 discovery and tangable assets.

Mike Buck has now SPECIFICALLY mentioned a potential Petrochina Partnership on numerous occasions now, so certainly very good basis indeed to reasonably expecting an imminant RNS on that news.

The price rise on such an Partnership (or Buyout) RNS.....???

Much higher than current levels at least!!

Capt Stanley, I know the previous post was targeted to Mr P and as you state, you have every right to post here - regardless of your firm assertions not to. We can only presume thats because you see the likelihoods currently under discussion actually playing out and given the validity for such by the CEO himself.

That's the 'dark side' of trying to actively trade a stock, regardless of the scenarios iften presented of gains made etc - you may get left behind and trampled in the dust from an obviously undervalued investment with tangable assets.....and a very probable partnership agreement being negotiated.

That would explain your sudden 'comitted' posting here over the last few days.....especially wity your alternate ukog tanking.

I'm off to enjoy the day but atb to all.

Mike Buck has our interests well covered, imo!