Member Info for brynjon

Interestking - we are though merely an exploration company and whilst we have done all the 3d scans etc we will be seen as perhaps a pre-exploration company and therefore do no merit a higher sp presently.

Not saying it would be nice, however, until the current administrative issues surrounding rig etc are rubber stamped we are where we are.

The text for that link:-
Bahamas Petroleum – This has been a long and painful saga for shareholders. Many years of watching a healthy bank balance dwindle down to nothing, some money-raising, all spent existing whilst trying to secure a farm-out partner. To date, nothing. Facing a drill or relinquish deadline they have hit the emergency button and have decided to go for it. They’ve raised $12.5 million by way of a CLN and have lined up an option on a rig. There is a deadline of mid-October to commit to the rig. They can’t really afford much delay and they don’t want to lose the rig. They need $30 million for one well, $50 million for two. They need a farm-in partner very quickly or they will have to do a massive fundraising.

armatrading - that is extremely bad news for the Bahamians. The comment that they do not know how much oil has been lost is most worrying especially with the size of each of the tanks. Just goes to show how absolutely brutal the hurricane was. I hope it was not a case of profit before safety when the structures were commissioned.

Emotion is not really existent when it comes to big money decisions. Sadly that is just the way it is. Whilst us mere mortals (Specialist you are obviously excluded from being a mere mortal ;@)) have shown emotion at the loss of life and property over in the Bahamas those interested in big money do not see that as a good thing and be blinkered to such losses. Instead they see opportunity.

The GoB will be of course showing publicly the distress, they have a country to rebuild and they do not have the financial resources to fix it. So what do they do? Sit and grieve or stand up and find a solution.

Hand outs from the various countries will only put a sticking plaster on the current situation. 13 thousand plus homes were demolished and many people are now homeless. Infrastructure has also been destroyed making the Abaco Islands were heavily devastated and spokespeople have estimated at least 10 years to recover.

The archipelago needs a source of income to save it from the massive debt it will incur to rebuild the area. It is also at risk of further damage from other storms which will no doubt follow.

I am of course not big money and I do have a great deal of emotion and feel helpless to assist other than donating to the appeal. The realist inside tells me that whilst the tourism has taken a massive hit the country and its people will rely on alternative sources of income - which is why big money will see this as opportunity.

I doubt in this messed up world of finance that the devastation caused by Dorian would make a difference. There will be many who see the catastrophic damage as a means to making their fortune in repairing. As the drilling would not be on land and the potential profits from oil would be so huge I think Dutch is correct.

I am sure the news about Dorian will be much greater as it makes landfall in the US.

Sarcasm deemed to be the lowest form of wit, but the highest form of intelligence as Oscar Wilde suggested.

Whilst my post was without sarcasm, I do enjoy the delicate art, especially when one can leave the recipient puzzled which is the whole raison d'etre is it not?

I welcome a free, open discussion board without too much cynical sarcasm.

My thoughts regarding the conversation on WW2 were more to keep such a deep subject more intense of a specialist board rather than here. Whilst the Bahamas does not feature in any great detail in the subject, the archipelago does have its own horror stories which may be better discussed here and WW2 kept for those dark winter nights. It is a free country of course, however, I like my discussion boards to be on point. I find Whatsapp groups can be good for specific speciality discussions.

P.S. Congratulation on your promotion from 1 to 100 - was it a haircut that did it? ;@)

Indeed the mood can change quite rapidly. There is often a run of wind here dependent upon the movement of the share price or that rare occasion we are given new.

We are, I believe all here to make money and not see it fritter away (and remember that phrase "paper losses").

We have news - and we can all interpret it in different ways. We get folk pressing the buy button at times and they forget about the spread so they are immediately "down" and this can often cause a little panic as when the spread gets moved it can take several sessions to even break even on paper.

We must all have a plan and stick as best we can to it, otherwise it is a case of floundering at which point people can get caught up in hype and drivel, so as the majority commit to - do your own research.

Potential here - you can either lose the lot OR you can make a killing - but everyone must remember it is their own choice as to whether they press the buy/sell button and not the fault of a poster/director/media.

Stay safe everyone and enjoy the ride.
p.s. I would concur that the causes of ww2 are too complex to discuss here and would need their own area such as http://www.ww2f.com/

Or has this board taken a different twist?

We are where we are - there is a tight ship as far as news leaking out of the company (of course that could mean there is none to leak ;@) ).

Guessing what could be, becomes extremely frustrating as for me it plays with my anxiety levels and think bad things when the figures at the end of the day do not match the very positive upside figures. Therefore I have now managed to remove at least some emotion from the SP - I will either win or lose and if the latter it will be the last I try and play the markets.

As for the figures I do have the occasional titter when I see these guesstimates and it does pass the time.

Stay safe all

It is quite grim reading and some of the photos and videos emerging show the devastation - it is quite disturbing that a lot of people are not even fully recovered from the storms a couple of years ago and I would hope the government assist those affected.

As I mentioned in a post I made a couple of days ago, the GDP in the area of tourism is around 30% - whilst there will be work for locals to assist the clear up operations the hotels and small businesses which rely on tourism will be badly affected and may take many years to repair. With the threat of more severe weather conditions in the coming decades, other industries will need to play a larger part of the country's GDP in the future.

Thankfully no loss of life has yet been reported though the storm is slow moving and expected to hang over the archipelago for several more hours.

jim - never thought there was any issue with your post - my thoughts were merely that the chap may well be a grade A 455013 but his efforts of promoting BPC to the masses is a poitive to me. They say at times that any publicity is good publicity.

He does come across as a bit of a narcissist and or just an oddbod.

He may well be a grade A prat, though it appears he is in the Bahamas whereas I am in the frozen north.

It was the fact that if the locals are talking about BPC then perhaps there is at least some interest over there. There are not a great deal of news articles to be had, so if this chap is spreading the word locally then I can only assume a positive from it.

From a google search - The current population of Bahamas is 390,108 as of Saturday, August 31, 2019, based on the latest United Nations estimates.

Saw this video from the guy in the Bahamas Graham Weatherford - interesting comment. https://www.facebook.com/graham.weatherford/videos/10156580763282338/

I wonder if the hurricanes this year will damage the tourism industry to a larger extent than previously and therefore would the requirement for a new source of revenue be more welcomed than it is now. Tourism is reported to give 30% of the GPD, wonder how much the Oil would account.

Piranha - as Interestking suggests - have a look at the last RNS and various news items posted across the web. All is still up in the air - AGM should see the required money become available for the drills which are at massive discount to last few years.

From RNS 21st August "BPC now estimates the total cost of an initial exploration well to be in the range of US$25 million to US$30 million (and less than US$50 million in aggregate should the Company pursue a concurrent two-well exploration campaign). "

We still have a way to go before we can relax guys. Last year all we had was a major with some potential interest. The price hit 7 but came swiftly tumbling thereafter.

Today we have a completely different scenario where we MAY (subject to conditions) get a cheap deal on a well or two.

Whilst I am very happy with the above plan there is as yet no certainty it will be pulled off. I think the market has recognised that as far as the current SP shows.

Should all go to plan - which I very much hope it does after 10 years here - I will be extremely grateful to the oil gods.

I will in fact be more than happy. I just do not wish to fall into the broken dreams issues again.

Stay safe - get your forms sent back - who cares if the board get more than us - so long as we get a decent bite at the cherry.

Opened at 2.9 up to 3p and 3.2 on the offer

currently 2.8 on the bid and 3.1 on the offer. Another little tree shake perhaps.