Member Info for brynjon

Nicely put Tiburn. There are those that err on the side of caution, others who throw caution to the wind and those who do nothing.
As an expression my grandmother would say about certain people which was an old proverb - usually relating to vessels.
As a young child I did not understand, however, as I grew it became extremely clear what she meant.

Off to see the grandkids - play nice all and enjoy your evenings ;@)

Bully - whilst you consider yourself a moderator of fake news - your own quotations are never clarified with

a) in my personal opinion or

b) a link to the research you undertook to decry someone else's post which are in the main based upon information already in the public domain.

The crux of the matter is whether we should believe without doubt what the company have set out as their genuine missive - on the gospel of whomever their/your icon may be. Of course, none of us should take anything as Gospel when it comes to anyone parting with their hard earned without question - however - when we do question it needs to be thought out and set out in a way that does not fall into the realms of childishness. If we want to argue a point we need to put a little effort into the rationale behind our argument. That is of course only in my own personal and extremely humble opinion.

I have been badly bitten by AIM in the past - I certainly do not expect lightning to strike me a second time ;@)

Enjoy what is left of the day everyone.

Further to that - if P1 is the success the company believes then we are no longer talking in the millions of barrels - rather billions.

https://www.bpcplc.com/wp-content/uploads/2019/03/BPC-March-2019-Presentation-for-website.small_.pdf

Bull - that is the minimum number of the target - est is 1,030mln barrels.

From the company website - dated 4 February 2020:-

Bahamas Petroleum Company (LON:BPC) is in the final stages of completing the funding necessary to drill its inaugural exploration well (Perseverance-01) offshore Bahamas, which it expects to spud in the second quarter of 2020. The current valuation is inline with its peers, but with an estimated 1,030mln barrels of Prospective Resources (UBEST) targeted by its first well, a successful discovery will see the potential to see fair value rise to $1,014mm (36p/share), over 10x the current share price. ***Note the company's own estimate of the share price *** We MUST of course take into consideration dilution from that date onwards.

The news of the merger and expectation has been long known and the SP has reduced over the past months which should be where it sets itself. Everyone knows what was in the proposal documents so there are no shocks - in the current combined shareholdings with the merger.

Who knows what news may be sprung upon us over the next couple of weeks/months of potential acquisitions/disposals/mergers. We have 5 to 6 months until the drill ship makes its move into position for P1 - that is a long time in this world of AIM.

Some folk here are very tense, some are windup merchants and will prey upon the natural worriers. AIM is not the place for promises being kept - it is a massive gamble and nobody should risk what they cannot afford to lose.

Most have great expectations here - and a lot have done for over a decade now - and all too often just before we get settled something comes along to spoil the party.

Stay safe, keep your mask on whenever necessary and remember anti bacterial wipes do not help stop a viral infection.

Night night all.

IK et al - I think the past couple of months have been extremely tiresome and there has been a bot of a war of attrition which has eaten away at our hearts and minds.

We will see what the following months bring to the table - Monday will perhaps be interesting especially if the vote for whatever reason went against any merger - very doubtful but the fat lady is not yet singing. So positive from that is it is not long to wait.

Other potential mergers and acquisitions are sure to raise their heads up to the drilling of P1.

EA is in place - most of the hardware is in a lock up and already paid for - we will all be looking at the route of rigs on the move - perhaps more closely at those from Stena.

Until there is more news available, I think this will be the board of poles apart.

IK - It has become rather tedious here - I would hope by January things will be known. The way time has passed during this lockdown period, that will not me much of a wait.

Do keep popping in once in a while and drop me a line at gmail.

Stay safe.

One trick pony?

BPC owns a few licences so not so sure we are a mere one trick. Granted if P1 was a duster - and let us all hope the 3D seismics are not faulty - we would need additional funds - that said the area for P1 is enourmous so moving P1 to a different location within the researched area would not cost too much in the big scheme of things - now with the Uruguay play certainly not a 1 trick pony. Just in my opinion anyhoo!!!!

Proxy Voting Deadline: 22 July 2020 10 a.m.

I think of my time with DGO out in Turkmenistan - bought as a penny share at 3p per share - 25:1 consolidation and reached the dizzy heights of over £1 before plummeting down to around 10p.

The field in which they were operating was a little ropey but had been drilled and later abandoned by Shell. DGO was an Irish outfit but were bought out by Arabian oilies.

I put my handful of shares certificate in a drawer and almost forgotten about them when a friend asked if I knew what the price was as he too had bought some in the early days. In the few years gathering dust they had been ressurected and were sitting at over a £1. They continued to rise and I got out around £4-50 though they were to rise even higher and the new owners conducted an all share buy out at £8 per share.

That was back around 2010 and the proceeds of that sale got me into BPC - It would be nice to see 10% of that all share buy out here. Don't recall the shares in issue of DGO at the time either.

Dreams - that is why we enjoy a little flutter every now and again.

Stay safe all B ;@)

That will already have occured - that is if it hits 87p first lol.

...are showing 2.3 and 2.35 for the last few - whereas the bid price is only 2.25 - perhaps we may see a nice tick up - but then again!!!!

This is BPC ;@)

I do hope so Harry - last thing I want to be doing is holding people's coats. Let us hope everyone can calm down and wait and see what happens as a result of the AGM - I think the lines have been drawn in the sand and everyone is entrenched in their views and it just seems to be futile all this taking the odd pot shot over the top, and I am sure a lot of it is just wind and water and perhaps a bit of andropause issues going on.

I do think the Grenadier would be best venue for the initial get together - there is no kids menus only sorbet available so it will be an adults only affair. I am sure there will be enough there to quell any initial spats lol.

I certainly will not be at Langham's and allow my Scotch fillet steak to be used on someone's eye.

Stay safe everyone and be nice - look in the mirror and smile - it won't cost a penny to do so !!!! ;@)

ramjax - loaded question which will perhaps receive a number of suggestions - truthfully nobody can answer that question.

There appears to be a lot of things bubbling under the surface at the moment on the run up to the hopeful commencement of P1 sticking the drill bit under the seabed.

Buckle yourself in as there may be many twists and turns along the way. Hopefully you have read all the RNS and made sense of them, the various presentations and the information on the website.

Not all of it will make sense of course and we need to understand what may occur after the votes have been counted and ascertain what the result will mean for the shareholders.

All down to personal opinions but I cannot see myself that the BoD will sail this boat down the river after all of this time. That said I have been bitten before.

The estimated amounts of oil within the Bahamas licence areas are eyewatering - whether we do the drill as a newbie to drilling or some major comes along is anyone's guess at this time.

We have too many unknowns to give a reasonable guess to prices - Forgive me for stating the obvious but - if all goes well we will see a rise and if not you may lose the lot.

Stay safe - keep the faith and beware the chatter on here - there are some good comments on both sides of the fence and it will take some time to work through them all. The AGM is all but days away so enjoy the ride. :@)

....I think the warm up party and the Grenadier will sort the men from the boys which will lead to a peaceful event at Langham's.

I look forward with interest to see who actually turns up with a name badge with their BB name on ;@)

Stay safe all - nothing more to add to today's exchange.

Uncertainty rules it seems - Play nice. xx

...the rest is merely conjecture - and even what we are told we can argue the meaning of the words of what we are told.

Pointless arguing when trenches are dug and agendas are the main reason for the discussion.

Things become personal and how ridiculous it gets - name calling people who are faceless pseudonyms - totally pointless.

Not long to wait until the meeting and perhaps some folk will remain whilst others will leave having achieved their goal.

I look forward to a little bit of stability on the forum - arguements with reason and not just to wind each other up.

People can list the Pros Theories - and highlight the links to these positives.
Similarly
People can list the Cons Theories - and highlight the links to the negatives.

Folk can go off and try and disprove those theories with reasonable arguments - I may be thinking outside the box of course.

Enjoy the weekend - it is sunny outside.

The inteligensia are out in force here - surely something is up !!

The children have properly broken up from school too so we will be awash with pros and cons experts next week.

Oh how wonderful it would be to have a crystal ball and a soothsayer.

Play nice in the garden folks - try not to stand on too many frogs - they make a frightful noise and a worse mess.

Catch you all on the other side of the vote.

Jim - Good level headed post - I completely understand the sentiment. I am myself a little bewildered at what the company is not telling us about CERP - that said focus is still on P1 - there are many variable possibilities with the merger and Uruguay - we as you say are perhaps not in the need to know bracket - albeit we should know as we are the shareholders.

It may be that they are still deciding upon the possibilities and whilst I am curious I am just happy that P1 will come about and presumably in the timescales given already - December to mid Frebruary.

There MUST be an awful lot of things to iron out the detail of - I am confident that if P1 is a success that we will all make money - we need to wait and see if it is as much as we had hoped and dreamed of for the last decade and more - or whether there is another wait until P2, Uruaguay and the CERP division are sorted out.

Right - must go as more deliveries to make.

...weatherwise - as for company objectives - they are there for people to read and listen to.

Those same people NEED to do their OWN research - of course they should listen and see both sides of the arguments BUT the decisions will be made on a personal basis with regards to Risk/Reward and never should be made on the advice of me or any other anonymous poster on a bulletin board.

Right - my 10am appointment has definitely given up the ghost so I am off to deliver some gin.

willlec -there was nothing new in the presentation and just a rehash of what was already out in the public arena.

I think folk wanted a little more meat on the bone which was not forthcoming - some of the questions put to the panel were answered with politician style answers - there may be a reason for that BUT anything known to be bad should be RNS'd as it would be news which would affect the price.

Whilst we ponder the prospect of news just get on the fence and enjoy the view. ;@)