Member Info for bonum

Tick up as expected!

I think we're all pretty confident of which direction this will be heading over the coming days.

Ask about to go up then if that's the case!

I'm not watching the price or doing any dummy trades, as only looking in on the BB occasionally. Very comfortable having picked up 2 batches of new shares today at these levels.

Atb

Lol, the BoD seem pleased enough with it and they also are very clearly aligned with Shareholders......so prob go with their views on it ;)

Picked up a few more at 1.98p and from funds released from other stocks today - now that we officially have all the funds in place to carry out the drilling program, I felt more comfortable to liquidate some of the 'less dud' ones in my PF.

Well positioned now on my holding level to strategucally derisk into actial drilling.

Atb

Lol, you better stand on the sidelines waiting then 'betterupthandown' - we may have a bit if price slippage atm, with PIs supporting the Open Offer, now revlaiming some of those funds. However, the funds raised byvthe company aren't to cover general overheads but to push us into actual drilling operations, with the multiple News & pricecre-rating catalysts associated with that - not to mention any Farm in developments, which are very much on the table.

Of course, you're aware of all this, hence very interested to buy in now ;)

Just do it & save yourself a lot of stress hooing the other RNSs dont drop before you press the buy button.

Atb

I'm looking at it from a more tangable development perspective Interestking ie we can now move into actual drilling operations. Buyouts by a major at this juncture are intellectually interesting to consider but unlikely from any probable standpoint....imho.

Interesting thoughts though.

Rig confirmation RNS next......and certainly looks like a lot still hapoening with the Farm in deal.

Atb

Added some more too and now that we have a clear funded path towards drilling. It's also obvious that the Farm in process is still very much active and BPC seem to anticipate a deal there and are now in a much better position to conclude a more beneficial one for Shareholders.

I think a lot of people may have caught the RNS at market close yesterday and not seen the current update, which was released just after open rather than at the usual 7:00am.

Have a feeling this will finish in a good blue zone today, as more become appraised of the RNS and BPC's move towards actual drillling of one of the worlds potentially largest offshore resources.

At these levels, the top up was a no brainer for me.

Atb & have a relaxed day

RNS for rig confirmation also due now, so interesting times.

Drilling Confirmed and Farm In talks progressing - that's the main bases covered, so onwards towards drilling in early 2020.

RNS alwrt not flashing on the LSE icon

"I also take this opportunity to welcome our new shareholders and I look forward to updating you all on our progress over the next six months as we ramp up for drilling operations. We strongly believe it will be an exciting time for our Company."

Simon Potter, Chief Executive Officer, commented:

"Our clear focus at Bahamas Petroleum is to drill an initial exploration well on our highly prospective acreage in The Bahamas during 2020, consistent with our obligations to the Government of The Bahamas. We have been working diligently to develop a coordinated funding strategy so as to ensure we have access to the funds necessary for drilling, as and when we need them. I am thus extremely pleased to advise all shareholders of our successful Open Offer and Placing, which, in aggregate, have raised approximately US$11.4 million. When combined with the proceeds we expect to receive from our Conditional Convertible Note, we will have secured the finance required for drilling activities, given our anticipated well cost is in the range of US$20 million to US$25 million. At the same time, we continue to maintain our cost focus, monitor a range of additional funding options, and progress our farm-in process, all with a view to strategically enhancing the overall financial capacity of the Company, whilst not being reliant on any particular outcome for drilling activities to be implemented.

I would like to thank existing shareholders for their continued support, commitment to the project and confidence in the ability of management to deliver on their behalf. The path taken to this point has not been straightforward but collectively we have stayed focused so as to realise the Company's goal - the management team understands the responsibility it bears and is determined to succeed."

Lots probably missed the RNS but it was going to be out today or tomorrow and given Shore Capital would have covered the bases well before hand, with their 'enquiries' to the parties involved.

Farm In talks still very much on and a far Stronger position for BPC to negotiate off.

All shaping up very nicely indeed.

Atb

Drilling Confirmed!!

Open Offer & Bookbuild OVERSUBSCRIBED!!!

BOOOOOOOOOOM!!

Good, sold progression back upwards for the price and based on a solid operational platform with very limited stock availability.

Atb all

Doubt there's any 'begging' going on, lol - Shore Capital woukd have covered that some time ago and are indeed subscribing for $1M themselves.

Don't get so uptight ;)

Atb

Tex, your post at 06:13 hit the nail on the head, imo - the uptake by private investors is indeed a very impressive one but there's no way the BoD would have been relying solely on the uptake covering the requisite amount, hence Shore Capital would indeed have already established a base of support from strategic / Institutional investors. Etyan no doubt was already aware of theat underlying support, hence his own confidence in the recent interview.

The accelerated bookbuild has until 08:00am as the 'latest' to conclude but the majority of the work has been done well before hand, just the official processes now being completed.

I'd expect to see an RNS later today confurming funding & drilling, or the latest first thing tomorrow and also given the majority of funds wint be needed until later in the operational timeframe, as specified in earlier RNSs.

Atb

May even be completed tonight, with an RNS tomorrow morning.......or at the latest in a day or so.

Atb

The bookbuild process was launched as soon as todays RNS was released and will carry on no later than 8am tomorrow morning of Nov 5th!

That's less than 24 hrs, hence confirms that approaches have already been made to strateguc investors / Institutions by Shore Capital and no doubt feeding into the confidence in the price at 2p and further relayed by Etyan in his interview.

We may get an RNS early sometime tomorrow or definately very soon thereafter.

Atb & have a good evening