Member Info for brynjon

bezzy - my comment was saying I am not dismissing those comments either your own or several others.

It does seem very odd that almost every trade over the past few days has been recorded as a sell.

has seen mainly sells being reported there has not been anything dramatic shown. Sure the odd 1,000,000 but nothing to give me any concerns as yet.
There are some comments regarding sells actually being buys and I cannot dismiss those as the spread is fairly tight at the moment.

The clock is ticking for the next RNS and I hope it comes before Friday.

I'll stick that down on my list of tips and see how it fares ;@)

PoC - not sure that is the case but anything can happen and I cannot dismiss your theory outright.

Who knows what is in the pipeline - I would hope things would pan out before Friday but news could land at any time now.

the pain of getting it wrong is enough of an incentive not to chance it any more. ;@)

but what are the odds that on LSE 11:18 and NEX 12:48 today they have each had a 1 share trade posted.

Not much to speak about so off out to boil my head.

PI - I always found it interesting to read the hot tips - don't get me wrong but some of them climbed in the short term of them being tipped but quickly fell away - pump and dump scenarios.

In the past I never took any real notice as to how they fared but curiosity got the better of me and I started to make a list - I think some of them are from another board but the majority are from BPC.

I should have really made a note of who tipped what so I could either add them or filter them to a watch list and make money of the ones who always tipped good. As it happens I didn't need to lol.

The thrill of the chase is always good - sadly a lot of money can fall down the drain though.

As requested. Hopefully it will format on here.
ALBA 170,940 -£565.56
BMN 4,210 + £547.83
CLON 303,030 -£327.18
COPL 181,818 -£728.18
DCTA 1,754 +£70.16
ECO 1,786 +£629.57
EUZ 1,234,567 -£744.57
GLR 82,034 -£446.21
HUR 2,161 +£18.58
JLP 43,010 -£31.50
MATD 31,746 +711.11
MSMN 142,857 -£602.86
MTFB 2,410 -£830.49
MTR 32,520 -£538.45
NTOG 23,809 -£426.66
OMI 12,048 -£642.52
SAVP 3,236 -£181.21
TRP 56,338 -£517.04
UJO 975,609 -£156.34
UKOG 49,382 -£405.06

......best interests of shareholders, by removing future cash obligations whilst maintaining the incentivisation of our CEO at this important and exciting time for the Company. Importantly, alignment between management and shareholders has been maintained."

So hopefully very soon we will get word on Mr P's latest contract renewal or revocation.

Bahamas Petroleum Company,is pleased to announce that Simon Potter has agreed to a contract extension to his current employment contract which expires on 31st March 2018. The contract extension is for 12 months on materially the same terms.
As previously announced, 90 per cent. of Simon Potter's compensation is deferred until a farmout is successfully concluded, to be repaid at that time in a 50 per cent equal mix of cash and new ordinary shares with par value 0.0002p ("Ordinary Shares").

The number of new Ordinary Shares accruing shall be calculated as the value of salary forgone divided by the volume weighted average closing price of the Company's shares over each month. This element of the contract extension is considered a related party transaction under the AIM Rules for Companies.

The independent directors of the Company (being those directors other than Simon Potter) consider the terms of this element of the contract extension to be fair and reasonable insofar as shareholders are concerned, having consulted with Strand Hanson Limited.

Move on 5 months to the RNS 8519W issued 6th August 2018 and we had the following alteration to Mr Potter's terms.

Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, announces a number of permanent changes to the CEO's contract which significantly reduces the basic salary, writes off accrued cash payments and ends accrual of conditional share entitlements whilst at the same time continuing to align management and shareholder interests.

Following the fall in the oil price during 2015 and general slowdown in the oil and gas sector, the CEO proposed substantial changes to his compensation package to dramatically reduce cash costs to shareholders. Since 1st April 2016, 90 percent of his compensation has been forgone to be repaid in an equal mix of cash and shares conditional on successful funding arrangements for an exploration well consistent with licence obligations.

The key terms of the new contract are:
1) No change to the term of the existing contract (as previously announced), following which a three month notice period from either party applies.
2) Headline annual salary to be reduced to $375,000, paid monthly.
3) All deferred cash entitlements, totalling approximately $1 million, to be written off.
4) No further share entitlements are to be awarded or accrued.
5) All existing share entitlements (totalling 63,567,276 ordinary shares) and options are retained whilst continuing to be conditional on successful conclusion of funding arrangements for an exploration well.
6) No future entitlement to company pension contributions. Accrued but unpaid entitlement totalling approximatly $0.2 million to be written off.

Bill Schrader, Non-Executive Chairman of Bahamas Petroleum, said:
"We consider the changes outlined to the CEO's contractual arrangements to be in the best in

storm....

We have over time had several posters giving advice as where it would be better to invest our money.

The 20 best buy tips given on this board were put in a test portfolio with £1,000 pretend money put in each one at time of it being suggested. Current value stands at just over £15k - 3 of the shares are up over £500 with 2 up under £100 the rest are down.

Moral of the story is do not do something rash like taking a punt on a share tip from a fellow poster - even if it is well meaning - without first doing your own research no matter how tempting it may be.

Best of luck here - we deserve it lol.

Let's have some news Mr Potter et al.

a week on Monday - let us hope we get something before then. We anticipate an update regarding Mr Potter before then. I do hope we get some other news by then too.

Exxon Neftegas the Russian subsidiary of Exxon Mobil is incorporated in the Bahamas. Prior to becoming secretary of state to the US - one Rex Tillerson was one of the directors of the company.

We know Tillerson and Trump went their separate ways but what better way of irking one Mr Trump would be for a Mr Putin to pull the rug from under his feet.

All of course speculation which I am not a fan of as previously mentioned but thought as there had been a few mentions of Exxon over the past few days I thought I would mention it.

Wise men talk because they have something to say; fools talk because they have to say something. Learning makes the wise wiser and the fool more foolish. The fool thinks himself to be wise, but the wise man knows himself to be a fool. A wise person does at once, what a fool does at last.

The way things have been going Eric it would not surprise me if he sends us all an invoice for his sterling work to date or am I just sounding cynical? ;@(

who the major is really?

What we need now is just for a company able to afford to take BPC on their initial drill without any further dilution, whilst giving us mere shareholders a decent return on their investment.

If we do get to 20p pre-drill I would be more than happy and offload a decent portion then wait and see what the outcome is. If the expensive 3d seismics turn out to be incorrect at 20p I would have made a decent return over the 10 plus years I have been here. If the seismics are correct then I will buy myself another house with what I would have left here.

I would then be happy to spend a few holidays where I fancy. However, back in the real world we wait and hope.
Not long now before we hear from Mr Potter and his own plans for short and mid term.

Stay safe all and look out for your neighbours too.

..whilst we await further here is a reminder https://www.youtube.com/watch?v=FVXzl3snJOQ

jim - for the purposes of clarity on my part - my original question was in order to put to bed the suggestion that the placing was not done at a price which hugely benefitted the person(s)/company taking it up.

Too many folk were suggesting it was a disgrace that such a heavy discount was given when in fact they may have actually paid a small premium at the time the placing was put together.

In relation to the AG comment - Whist the company all but denied the comment made by him, I admit I did suggest perhaps he knew about the placement takers, rather than the major potentially taking up the drill.

at least we are perhaps on the same page now.

There were many folk querying why such a low placing price - and it was this issue - i.e. the timescales surrounding the arrangements to organise a placing - where folk should understand that whilst we were say pretty around 3p the placement was perhaps put together when the price was around 1.25 14th Feb and 1.9 on 25th Feb. so there was either a premium or discount on the placing.

Specialist - whilst the actual mechanics of admitting the new placing shares - my query was more along the lines of how long would it have taken to organise such an event?

I cannot see someone just having a bright idea "Oh I think I will get the LSE to admit x amount of shares on the stock market." then having them admitted.

Surely there is a process where the company BPC makes an agreement with the subscriber where price is agreed in advance of the final decision to approach the exchange.