Member Info for brynjon

You will have noted I occasionally harp on about when the traded volume is under 10%.

My rationale is that when folk post about great volume we have never hit 10% of the shares in issue as far as volume is concerned.

Whilst 10% is not a magical number of note - it is perhaps a reminded not to get overly excited when the traded volumes are bigger that they were the days before. As of the 13th of March the figure of

221,810,011

will be the equivalent of 10% of shares in issue so please feel free to get excited if we hit that or multiples of that. All I want to do is add a little perspective when we discuss huge increase or decrease in the volume.

Today including the NEX we managed 66,923,966? or just over 3% of shares in issue come March.

On 20 February 2020, the Company announced that it had entered into an agreement for a zero-coupon, second ranking, unsecured GBP8 million ($10.5 million) convertible loan note facility (the "Facility"), with a substantial Bahamian based institutional family-office investor (on terms and conditions that are more fully described in the announcement made by the Company on that date).

Pursuant to that Facility, the Company made an initial draw-down of GBP2.7 million, which under the terms of the Facility saw the Company receive cash proceeds of GBP2.43 million. The Company has now received a conversion notice in respect of GBP1.44 million of that initial draw-down, and in accordance with the terms of the Facility, the Company will proceed to issue 48,000,000 new ordinary shares (the "Conversion Shares") to the investor. Thereafter, a remaining amount of GBP1.26 million of convertible notes will remain on issue, and which remain subject to conversion or redemption in accordance with their terms and conditions. At the Company's option, and as more fully described in the Company's announcement of 20 February 2020, the Company has the ability to draw additional amounts under the Facility in April, May, June and July of 2020.

Application will be made for the Conversion Shares to be admitted to trading on the AIM market of the London Stock Exchange and it is expected that admission will take place on 3 March 2020 ("Admission").

Following Admission, the Company's issued share capital will consist of 2,182,762,786 ordinary shares, with each ordinary share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 2,182,762,786 ordinary shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

As previously announced, Admission of the 35,337,328 new ordinary shares to BPC Investment Fund Ltd is now expected to take place on or around 13 March 2020, following which the Company's issued share capital will consist of 2,218,100,114 ordinary shares, with each ordinary share carrying the right to one vote.

lol - finger slip due to excitement lol. Though N for nag - perhaps I would be a tad disappointed lol ;@)

You'll have to join the queue Tex - the thought of amarone and some nice N&H sandwiches has a line forming already lol ;@)

Its a no from me - late night and late wake up saw me bottom lip quivering gently whilst eating my porridge lol.

Both of the trades were bang on 12:00:00 so not sure whether coincidental or otherwise.

Whatever the case the SP has lifted - that 25 million trade was worth £1,142,250? without commission.

Buys preceding times at 11:58:50 (trade 358) and 11:57:59 (trade 357) were priced at 4.4 those earlier were around 4.2 with sells showing 11:48:55 (trade 354) at 4.1

So it was a walked down sell or a decent buy for someone.

These details were from ADVFN site

359 25 million shares at 4.569 shown as unknown

360 5 million at 5.08 also shown as an unknown

on the gloomy side, perhaps this is why no report from the big man after meeting Simon at the oil conference.

not sure how fast a drill ship travels. Large cruise ships can lick along over 20 kph so worked on 20 - though the drill ship certainly does not look as sleek. Saturn is still in Port of Spain T&T

at 20 knots per hour around 3 days travel time.

brazilenergyinsight dot com/2019/07/25/exxonmobil-looks-at-pre-selected-drillships/

I take your point but there is a little fog in the markets

Safer bets could be BP who have gone from 4.66 to 4.29 in a week, RDSB 1933 down to 1788 to name but 2 safe havens in FTSE

FTSE was trading at 7457 a week ago - today it is 6969 - the corona virus worries have hit all the markets. Perhaps I should have played the market but was not expecting to lose the many k that I have on paper so left well alone on anticipation of an RNS.

That said, I have not lost anything other than on paper profits. Thankfully it is ticking up, though I expect it to be like the proverbial *****'s knickers until the market as a whole settles down once the C19 issue sorts itself.

Total Value: £33,776.59
Total Cost: £37,137.74
Total Profit: £-3,361.15

Without spending too much time formatting it from word to fit on here - use the legend across the top to copy and paste to a word type document. These are current position:-
Share Qty Mid Price Value Cost Price Cost Profit/Loss
88E 86,956 1.20p £1,043.47 1.15p £999.99 £43.48
ALBA 170,940 0.11p £188.03 0.585p £1,010.00 £-821.97
AMC 47,619 1.75p £833.33 2.10p £1,000.00 £-166.67
BMN 4,210 21.25p £894.63 23.75p £1,009.88 £-115.25
BPC 57,143 5.10p £2,914.29 1.75p £1,000.00 £1,914.29
CLON 303,030 0.775p £2,348.48 0.33p £1,009.00 £1,339.48
COBR 55,555 1.75p £972.21 1.80p £999.99 £-27.78
COPL 181,818 0.11p £200.00 0.55p £1,010.00 £-810.00
DCTA 1,754 88.00p £1,543.52 57.00p £999.78 £543.74
ECO 1,786 33.50p £598.31 56.00p £1,000.16 £-401.85
EUA 26,315 0.00p £0.00 3.80p £999.97 £-999.97
EUZ 1,234,567 0.021p £253.09 0.081p £1,010.00 £-756.91
GGP 39,215 5.25p £2,058.79 2.55p £999.98 £1,058.81
GLR 82,304 0.44p £362.14 1.215p £1,009.99 £-647.86
HUR 2,161 15.08p £325.88 46.26p £999.68 £-673.80
JLP 43,010 3.95p £1,698.89 2.325p £1,009.98 £688.91
KEFI 71,428 1.65p £1,178.56 1.40p £999.99 £178.57
MATD 31,746 3.00p £952.38 3.15p £1,000.00 £-47.62
MNRG 166,666 0.925p £1,541.66 0.60p £1,000.00 £541.66
MSMN 142,857 0.145p £207.14 0.70p £1,010.00 £-802.86
MTFB 2,410 0.16p £3.86 41.50p £1,000.15 £-996.29
MTR 32,520 1.475p £479.67 3.075p £1,009.99 £-530.32
NCYT 917 136.00p £1,247.12 109.00p £999.53 £247.59
NFX 11,764 5.90p £694.08 8.50p £999.94 £-305.86
NTOG 23,809 0.60p £142.85 4.20p £1,009.98 £-867.12
OMI 12,048 3.20p £385.54 8.30p £1,009.98 £-624.45
ORCP 76,923 1.00p £769.23 1.30p £1,000.00 £-230.77
OSI 3,846 24.50p £942.27 26.00p £999.96 £-57.69
PRD 24,390 4.05p £987.79 4.10p £999.99 £-12.20
RLD 666,666 0.102p £683.33 0.15p £1,000.00 £-316.67
SAVP 3,236 14.15p £457.89 30.90p £999.92 £-542.03
SHG 7,843 12.50p £980.38 12.75p £999.98 £-19.61
TRP 56,338 0.465p £261.97 1.775p £1,010.00 £-748.03
TRX 95,238 0.975p £928.57 1.05p £1,000.00 £-71.43
TXP 7,407 40.25p £2,981.32 13.50p £999.95 £1,981.37
UJO 975,609 0.144p £1,402.44 0.103p £1,010.00 £392.44
UKOG 49,382 0.625p £308.64 2.025p £1,009.99 £-701.35

Bonum - they went in at 3.15pps - sadly the LSE basic portfolio thing does not allow for dates for when and notes to say who suggested them.

I really do not think you are sorry for your blatant plug ;@) - added to the fantasy £1000 all the same.

I agree with you there Prospect- long term depending upon result of the initial and later drills we can be certainly be looking at figures starting with a £ sign. Perseverance is an exploratory drill and it will be some time before a full rig would be in place along with production from potentially multiple rigs. Small steps at this stage on the run up to the bit going in - though those small steps are making great gains for people along the way.

We may get a singular farm in, we may get a consortium farm in. There is even a potential buy out scenario at which point things would become very interesting especially if we are actually producing at the time and pre-drill estimates are met.

Overall these are interesting times and potentially very life changing for a lot of people - everyone will have their own figures of course but fingers crossed everyone makes enough to be happy.

Stay safe ;@)

com / data / equities / tearsheet / profile?s=BPC:LSE

Gives an idea of where BPC stands alongside its peers.
I have spaced everything out in the url commencing the word markets

Nothing significant about 10% other than to give an idea of volumes and percentage of shares in issue. Lots of posts over the years suggesting massive volume but often the volume at time of posting was sometimes less than 1%.

The number of trades today was very impressive though the volume is not massive. I am sure we will be in the 100's of millions. I am not trying to be negative about the volume - just putting numbers into a perspective.