Member Info for brynjon

... I thought I would repost this: -

Lots of articles being posted which are anti-BPC - though few comments from the anti side. They appear to be commented on by lots of pro-oil supporters - can the antis not be ar5ed to comment?

The articles are posted quickly by some of the new faces - I wonder why.

Is there any need really to be so negative about the current situation?

We are, I believe, all adults here - there are many warnings about the risks of investing, a lot sponsored by the FSA.

We all should be taking care and doing our own research and discovering information from the FACTS that are available.

Fact - A group of environmentalists launched a very late attack on BPC by claiming wrongdoing by a previous and current government.

Fact - At a recent hearing the main part of that argument from the environmentalists (whose funding source is as yet unknown) lost on a paper based review.

Fact - There will be another hearing during which verbal evidence will be heard, however, only pertaining to those paper based submissions that caused the Judge to dismiss.

Fact - BPC have commissioned Stena to conduct an exploratory drill using the vessel Ice Max. That vessel is currently undertaking an exploratory drill supported by two supply ships which are close at hand.

Fact - the environmentalist group has used tactics to attempt to keep BPC out of the initial debate in an attempt to stifle any countersuit for substantial damages which would have been incurred, had drilling been stopped and any further exploratory work being curtailed as a result of said action.

Fact - No one on this board knows the outcome of the judge's decisions or comments tomorrow at this time.

Fact - Several news articles have been published, however, there are very few arguments against the drilling other than apparent moaning minnies who just like to create bad feeling.

Fact - several posters come onto the board to spread disinformation contrary to the official information which has already been run past the legal eagles prior to it being published.

Stay safe all - it has been a long and arduous weekend at times.

As the first sentence in the post read : -
" I’m just trying to judge the risk involved and getting an idea of the facts."

I thought it prudent to suggest a little light reading rather than folk on here give an opinion, as the poster wanted facts.

V8antage - there is an old adage - Do Your Own Research (DYOR) - when weighing up the pros and cons.

You are laying yourself wide open on an anonymous BB.

Plenty of online articles explaining CoS including: -
https://www.tandfonline.com/doi/pdf/10.1071/ASEG2016ab150

Of course the reverse is also valid for the various DE-RAMPERS we have.

At the end of the day - your money - your choice - do your own research and whatever the result of your actions it remains solely YOUR choice whether to buy or sell.

I hope as 2021 unfolds we can all keep a smile on our faces and earn a little money to be comfortable with.

Stay safe ;@)

The end of that report from onlybpc may be useful for newbies: -
Here are our tips to avoid falling for the rampers

Don't be rushed

Rampers love to create a sense of urgency because the more people buying a share, the quicker it will increase in price. But it can go down as quickly as it went up.

Consider the source

Would you buy a car just because somebody told you to on an internet discussion board? No, of course not. When you see a statement online without fact to back it up, assume it's incorrect. Also, treat with suspicion anyone who offers to share 'privileged' information.

Research

Look on the company's website, check its past share performance, look at its financial results, see whether it has been mentioned in the financial media or respected investment magazine.

Always be sceptical

This is your money you're investing with, so why waste it on somebody else's tip. Why would somebody want to give you a hot tip? What's their motive?

What market does the stock trade on?

Stocks that trade on smaller indexes, such as Ofex and Aim, tend to be more thinly traded than those on the main market, so a small number of buys or sells in one direction can have an impact on the price.

Use your common sense

If you have a feeling that something is a scam or a ramp, then it probably is.

..pointless trying to second guess what the SP will be on open or at the end of the day Tuesday.

We will learn at some point on Tuesday (most probably after close) the result from the court which we have differing views on.

News from 24th states BPC can continue to drill unhindered - that is all we are concerned about in the short term.

We are there to complete the drilling UNHINDERED!!!.

It will be once the results are analysed in February that we need to be concerned about IF anything at all.

We may get a bit of a heads up before the official analysis is completed.

In the meantime go commando if you are constantly getting your knickers in a twist.

Tuesday is still a way away having already endured 3 days of stock market silence.

Stay safe ;@)

cheers bynari - good to see all is well in the real world rather than the REALMS OF POSSIBILITY world.

Downwards we drill and 2 supply ships in attendance to ensure all hands are kept busy.

Stay safe all - this will be the longest weekend we have had, to ponder whether we wanted to be in or out of this over the weekend ;@)

Stay safe all B

There can be an element of BB posting that can have a negative or positive effect on the SP of course.

Too much ramping or deramping can get a lot of unseasoned posters either mass buying or selling which has an effect on the SP.

Just look at what used to happen when Tom Bulford and his followers reacted to his RHPS issues - the boards were full of the crap and that, of course, influenced the SP.

Just saying.

...An Application for leave to apply for a Judicial Review, brought against the Government of The
Bahamas in respect of BPC’s Environmental Authorisation, has been denied.

BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to
an application for an extension of time to apply for Judicial Review of the decision by the Government
of The Bahamas to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance
#1, and an associated stay of BPC’s activities. The Application was brought by environmental activists
against the Government of The Bahamas.
The Court has indicated that written reasons for thisruling will be provided on or around 29 December
2020, and that there will be a further hearing on that date.

..A request for a stay order (halt) to BPC’s drilling activities has also been denied.

The ruling of the Court means that progress of drilling of the Perseverance #1 well in The Bahamas can
continue unimpeded. As previously advised drilling of the well commenced on 20 December 2020,
and is expected to be completed within 45-60 days of commencement, targeting P50 prospective oil
resources of 0.77 billion barrels, with an upside of 1.44 billion barrels.

Yes there is the comment "The precise nature of the further hearing will be notified to the parties and BPC on 26 December 2020"

We have no indication from any meeting yesterday.

...other than after we are born we will die at some stage.

Will the drill bit keep turning?

If it does will it discover commercial quantities of premium oil?

If, on discovering oil, will BPC be allowed to actually have production wells?

What will be the outcome of the Supreme Court at the end of the month?

These and plenty of other unknowns including funding issues MAY stop a vertical take-off for the SP.

This is an exploratory drill with no certainty, though the percentage prospect was always deemed to be at the high end, as we know already - Nothing is certain here.

Stay safe all ;@)

mysteryguy - I think we have both been here long enough to realise your comment was tongue in cheek - If I had the cash available I may have been in the same boat lol;@)

The message is very much like all glass half empty reports.

If a spill occurs - IF does not cut it. BPC has gone through all the scenarios as I would expect Stena to have done their homework and have an immediate response on hand to deal with even a gallon of oil leaking.

No mention of IF a tanker were to sink/collide or one of the many storage areas to be damaged.

More chance of a tanker leak than the drill to do a deepwater horizon.

Scare mongering tactics - which I really do believe are funded by a major looking to get the licences off BPC - far too much play is being had suggesting BPC have too little experience and love these lines: -

In 2016, while in Canada, an incident involved equipment falling off the vessel and striking the seafloor. In the process, it nearly ruptured an underwater oil well. The company that owns the ship was also convicted and fined in 2015 for an incident that killed two workers in Australia.

It nearly ruptured an underwater oil well - I nearly get run over by a car every time I walk near a road. I nearly get struck by lightning each time I walk in an electrical storm. I nearly get scalded by the kettle every time it boils

FFS Folks - where do these people get off? And as I mentioned the other day - a girl complaining on "BBC News Watch" programme that she was disgusted by BBC News showing recipients of the covid jab being jabbed in the arm and she was needle phobic SO WHY DID THE BBC NOT ISSUE A WARNING BEFORE THE CLIP BEING SHOWN?

What is the matter with the world at the moment?

Too many questions - not enough bullets.

Pointless trying to second guess the outcome of today's proceedings.

Second-guessing gets us nowhere fast and lots of opinions.

We get today out of the way, wait for the outcome of the drilling and make our individual plans on whether to stay put, add more or sell up and get out of Dodge.

The facts today are that we have licences running for 30 years - approved by a different set of politicians of course.

Dependent upon how the current politicians posture themselves firmly will perhaps lead on the ruling. To date the men at the top have been more wishy-washy than a pantomime dame.

The country will do well with any new funds coming in from oil - whether BPC or Exxon etc deliver remains to be seen.

Sit back, relax, keep your glasses half full and your blood pressure will remain in the right zone. Half-empty, drinking and eating mince pies will see you at the A&E dept lol.

Stay safe and happy boxing day to you all. ;@)

Oh dear - nothing odd with the other sites I have visited today - all BPC pages were fine only
https://www.bpcplc.com/2020/12/24/outcome-of-court-proceedings-announcement-24-december-2020/

still doing it for me - only that page - used chrome initially though the same with edge too.

Took a screen shot and forwarded it to the info address.

Just looked at the BPC site and clicked on the link for the News - entitled "Outcome of Court Proceedings Announcement – 24 December 2020" and sent to a webpage called HateBin with the warning: -


¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ THIS SITE WAS HACKED BY
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ~ eax@goat.si
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ I have all ur data. sucks2be2blue
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ Posted for information -

Posted for info of anyone wishing to look. Wonder if it is the haters playing games.

Surely I would have thought there would be some clause that they should keep them for a length of time before selling.

Nobody believed they would be languishing just above the 2p mark days into the drill.

If no agreement as above then a shot in the foot is real.

laallee - I concur - I did not even have a nightmare that had the SP at spud actually dropping - latest buy at 2.637 - I do not think this is merely concern about the environmentalists - something not right - we should be well into the 3's at the very least.

Give it time and a little gossip and things could change.

Back off out again now - it is what it is and nowt I can do will change that - still in for the long game.
I have been in the red before now so I am on that verge again "once more unto the breach, dear friends, once more"!!!

DB - that is your line in the sand - which of course can be altered as you wish.

It is all in the lap of the gods at the moment - it appears BPC have the legal opinion on their side to commence drilling.

For a country to come out and claim they are legally bound to allow the drill, also speaks quite loudly. I am sure if there was a want to get out of a contract as a country, there would have stopped it. They need the extra revenue, the employment and other trading benefits as well.

We know the disaster many moons ago has been examined and the protocols put in place to decrease the risk of another one again. We have many drills close to where we are spudding and without major incident over the years. Many millions of barrels are transported on a weekly basis without major incident.

We all know there is a risk to the ecology - we also know there is a daily risk of catching Covid, getting run over or struck by lightning etc. Should or do those risks stop life in its tracks?

Does the earth stop revolving just in case?

Of course not - the human race will do whatever it needs to. God forbid there are any minor or major disasters on the way. On a selfish viewpoint, I fancy a trip to the Bahamas at some stage.

Life of course does go on after any disaster. Has the Gulf of Mexico collapsed into life as a 3rd world country? Has New York closed down?

The Taylor oil leak of 2004 still goes on in the Gulf Of Mexico, and yet we hear so little about it, yet many barrels of oil continue to leak into the ocean. We have too many drama queens wanting to create a mountain from a molehill.