Member Info for brynjon

...folk will be making their positions - some newbies will sell on the drop believing the derampers.

There has been a very long opportune time to buy in at 2p - if that is missed then the current levels may still appear a good entry level but folk need to have done their research before doing so.

The 10% traders are having a field day and will skew the SP throughout the day.

The RNS this morning was long anticipated and as mentioned within the text : -

"The specific mobilisation location and exact arrival date of the rig will be confirmed by Stena no later than 30 days prior to the arrival date. Anticipated well spud date will be some 3-4 days after the rig arrives on location in the field. This means that if the rig arrival is on or shortly after the 15 December 2020 (as per Stena's current indication), Perseverance #1 would be expected to spud prior to Christmas 2020."

So we will be getting news in the interim period - and let us not forget, since the merger we also have : -

"BPC is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located offshore in the waters of The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and Suriname. BPC is currently on-track for drilling an initial exploration well in The Bahamas, Perseverance #1, in late 2020 / early 2021, with the well targeting recoverable P(50) prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. In Trinidad and Tobago, BPC has five producing fields, two appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. BPC's exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equivalent. In Suriname, BPC has an onshore appraisal / development project.

Zag - I copied the text from your message which is where the finance comment came from. As for the other issue - it is an issue which may affect things here, as per the author of the RNS.

Nice to log on and see a red dot.

IK - hope the family are coping. Not a great time to be unwell with the weather changing so badly.

My own poor papa is feeling the scourge of self isolation again - my 3 brothers are nurses so cannot get to see him as they are falling like flies at the workplace.

Moving on to BPC - we should see a lot less green messages (Those who have made use of the filter button anyway) as the detractors will leave, in fact I think we will get a second wave of new names to replace them.

Nice to be given confirmation of the intended rig and date of arrival.

Wonder how many weekend comments we get today ;@) https://www.youtube.com/watch?v=N3kkNfH4yco

LMAO Zag - that comment (Can we get back to BPC(unless its about Finance).) is a bit rich coming from you, having just had a quick glance through your posting history.

Valid point though all the same - would hate folk to move away from the usual speak in order just to discuss an international issue that has major implications for the population of the world. ( tic ;@) )

Stay safe all.

star - all of my family work in the NHS - my son in law is an estates manager and was charged with sorting out the temporary morgues. The rate of infection is increasing as a result of more mixing in public - whether we see a sharply increased death rate remains to be seen.

Annual flu season is upon us and as a result will see an increase in fatalities as a result of that - some will also have Covid symptoms so they will have causal symptoms and will be recorded as such.

This is a global pandemic - man-made or otherwise, it is here and will remain with us. Do we need to live in fear?

Of course we do not need to live in fear - we do however, need to take reasonable precautions which includes wearing a facecovering, whilst that in itself will not stop a viral infection it will reduce the risk.

Like wearing a seat belt will not negate serious injury or death, we have them to reduce the risk.

The old Green Cross Code was created to reduce the risk, as were pedestrian crossing, NCAP and airbags are precautionary measures - common sense MUST prevail whether we think a conspiracy or otherwise.

Anyway getting back to BPC - I do want to be able to visit the area in the not too distant future if we are able to. Hopefully we will receive some information in the next 4 weeks.

As always - stay safe ;@) Be Kind - Keep Smiling even if no one can see you smile, it will exercise your facial muscles if nothing else.

It seems ross would rather not pay attention to the documents available to him, though will insist on creating doubt about the finance to those who have not read the information available.

You quite rightly pulled out the information about the Ice Max earlier and if he cares not to allow the information to sink in then that is for him and his followers/kin.

Dreamland - time - folk have had their money tied up in here since 2010 or thereabouts. Some have traded and have more whilst others have left the fold. Your concerns about time have, I feel, been answered by jimtheknow, however, do not be concerned about any slippage unless news dictates otherwise.

This is still a high risk/high reward play. Ensure you are happy with the possibility to lose your investment as well as make a lot.

Stay safe all ;@)

cars - not everyone knows where you are based - not sure how far the petition has gone outside the islands. It does seem a low number to get the petition heard in comparison to one in the UK.

I keep looking at the online news pages, though boots on the ground would know better than most.

jim - extensive updates today which I am sure will ensure the anguish of some abates.

I do not think a stone has been left unturned - we know the finance is sorted - it is the avenue we take which is yet to be confirmed BUT that will be determined by the various factors ahead - no doubt there is finance available to BPC and it is nice to confirm there are options to it.

Now one would hope that the matter is put to bed and we can carry on with the normalities.

Stay safe everyone - there is more sense and understanding on here about finance as there is about what folk need to do about Covid ;@)

Was that a haddock or a mackerel across the face there jimtheknow? I could almost feel a head swishing past my own head there.

I suppose one issue of the filter is that one only sees one side of a story.

I can of course live with that for now.

It has been a slow day for BPC shares today. Markets have taken a good lashing since CV commenced destroying things. Hopefully we will get some news prior to mid October and that news may cheer a few folk up.#

apologies for the spelling error repetitive oops

I think that answers the annoying repeterive question, though I found it easier just to filter lol. I never used the filter before this month as liked to hear the positive and negative - sadly the board became a school-yard with in the main a lot of name calling and those filtered are more recent posters.

I enjoy a reasonable debate as much as anyone so sticking with being here. Stay safe all ;@)

Stena Forth

Stena Forth is a harsh environment, dynamically positioned DP Class 3 drillship capable of drilling in water depths up to 10,000’ using 18 3/4” – 15,000psi Cameron TL BOP and Cameron Load King Riser.

IceMax

Stena IceMAX is the world’s first dynamically positioned, dual mast ice-class drillship. The Stena IceMAX is a Harsh Environment DP Class 3 drillship capable of drilling in water depths up to 10, 000ft. The IceMAX has on-board 2 x BOP’s, each 18¾” x 15,000psi Cameron “TL” BOP c/w ST Locks, and uses Cameron Load King riser.

I recall Simon mentioning the vessel from previous encounter with Seadrill was to be a dual mast so Forth does not meet dual mast/MPD requirements.

Who knows what we are getting until the RNS declaring it of course. Images of the IceMax have been used several times in presentations.

azul - poc was speaking of the Stena Forth, currently off Gibraltar and heading to Las Palmas.

poc - not sure it has the MPD capability that is mentioned in the initial mention of the rig to be supplied by Stena.

Not a scooby as to what the difference is technically, however, that was the standard mentioned.

.......as there was a very quick dash of green on my desktop then.

Stay safe - stay sage - stay true - ;@)

jimtheknow - excellent post my long suffering comrade - he went a while ago with the others giving a green response. I spend much less time on here as a result.

Fireball - nice work.

Would be nice to know if he would be willing to make a statement to that effect. The FCA may have some interest though they are like the SRA and are good at avoiding the conflict with their paying solicitors. As has been mentioned an investagative journalist type investigation would perhaps appease some though would not get our money back.

Jim - I doubt they would be able to purchase shares presently with the knowledge that there may be big news within the forthcoming weeks. That said it would be nice to see them all dip their hands in their pockets in addition to the many freebies they have in lieu of salary etc.

;@)

Star - this is of course what we anticipate and hope is true, though as we know we have never had a steady run to date.

Whilst I am happy this is the case, always nice to have an alternate view just in case. Tick Tock goes the clock - extremely slowly ;@)

arma - sadly no mention of little old BPC

"The contract with Repsol is Stena Drilling's third one secured in the past month. Earlier this month, Stena announced new contracts for its rigs with Tullow Oil in Suriname and PSE Kinsale Energy in Ireland."

News should be forthcoming soon - hopefully we will get ours out of the way in good time for it to shift quickly for a quick refurb and off to the Mexican gig.