Member Info for brynjon

As I said earlier - those who just want their money can opt to move on out at their leisure today and perhaps not all will make back their previous losses but better a bird in the hand.

27.9% now according to ADVFN spread 1.3 to 1.45

..a pump and dump - then now is your chance to drop your shares.

For those wishing to stick it out - take your chance.

Shares - There are even more reasons for the directors to get a deal - there are an awful lot of shares held in abeyance - they will only become tangible IF and WHEN a deal is struck.

They have an awful lot more to lose than most investors here and because of that I keep my glass half full.

Hi Trek - as it happens that one is now showing a profit since you posted as are a couple more.

I now have 8 showing profit - though the £19,000 invested now stands at £15,400.

Lowest profit is £0.76 and highest £495.

This investment game is very fickle and is not for the feint hearted.

One issue which I discovered when I first dipped my toe in the water as a complete novice was the spread. I recall dropping in a few hundred quid into a share which rose by 15% after I put money into it only to discover my investment was showing a loss. I could not work it out at first but then I learned about the spread pretty quickly thereafter.

My post was more aimed towards the newcomers hoping for a big dream and is nothing more than that. We are all adults here - though at times I do wonder ;@) so we take our chances. Cheers Trek - Best of luck with your investments. B

I had to read your post a couple of times Keith1.

Like you I remain hopeful or glass half full - frustration of course remains and as PI stated in his earlier post there is no reason to post the obvious as it would just increase the frustration.

Previous posters have informed us here about when/reason why a company can update us via RNS (not the urban dictionary version of course).

Reasons for the next RNS would include Macquaire involvement, deals, majors taking a stake or something of that nature. The cannot release an RNS merely to appease the frustrated among us including me.

We are due some news by March as for results (27th September) but perhaps we may get something sooner. We are approaching 6 months since that dreaded cessation RNS (24th October).

I have everything crossed for positive news.

Take care and stay safe. B

Since September last year I have been keeping a watch on most of the shares that have been tipped by posters here as a better place to park one's money.

To be honest I am quite glad I do not invest on the advice of unknown posters.

19 companies tipped - a fantasy £1,000 invested in each of them.

From that 19 only 5 are in profit - one by £564, another by £380 the others £98, £77 and £11.
*N.B. I did not add the cost of dealing to the prices.

Current loss from my fantasy £19,000 is £4,033.

Current loss of my BPC holding is too painful to post ;@(

Cheers Royscot - I am sure it will be an interesting, though at time frustrating call.

Look forward to the update.

Sitting on the BoD is James Smith non executive deputy chairman whose bio reads:-
former Minister of State in the Ministry of Finance and member of the Bahamas’ Senate, James Smith is widely acknowledged as a leading expert on monetary policy and is a respected member of the greater Bahamas community. He has served as the Country’s ambassador for Trade in the Office of the Prime Minister, as the Governor of the Central Bank of The Bahamas for a decade, as well as Chairman of the Bahamas Maritime Authority, The Paradise Island Bridge Company and The Bahamas Development Bank. He has also held a number of board positions at both private and public companies including the Bahamas Stock Exchange.

On the executive is Senator Hon. JoBeth Coleby-Davis s In House Legal Counsel - and her bio reads:- JoBeth has excellent knowledge of the legal system in The Bahamas, including the Petroleum Act and Regulations. She is responsible for compliance and risk management of Bahamas Petroleum Company licences, Government relations and works closely with the management team to advise on legal and commercial risks associated with day to day business operations. She is also a member of AIPN and regularly attends conferences to remain aware of new developments in International Petroleum Law and Contracts.

Alongside her is Roberta Quant an environmental scientist - in her bio:- is responsible for ensuring that health, safety and environmental policies are maintained to the highest international standards, to oversee environmental studies for oil and gas exploration (EIA, EMP, Oil Spill, etc.) and to promote activities of the Company throughout The Bahamas and to liaise with the Government of The Bahamas on environmental matters. She has worked in the environmental field for nine years and previously worked with the Bahamas Environment, Science and Technology (BEST) Commission where she provided advice to the Government of The Bahamas in the areas of environmental issues and policy development.

Not saying nepotism rules here - but wurely they would have an inside track as far as licences.

I do fear bad things here but I have had worse shares and more fearful things in life. I remain glass half full until we get news to the contrary. Hindsight is a wonderful thing and had I had it I would have left me feeling quite smug with myself.

Roll on the end of licences and timescales for our advisors - only to put us out of our misery one way or another lol.

As you pointed out someone felt confident enough for nearly half a million - though at this price it is a drop in the ocean being a tad over £4,500.

The positive is that the sells are not in their millions which means most are happy to hold at this price.

continues here - not a great deal of fluctuation in the SP over the past couple of weeks.

No massive sells or buys - by that I mean 10's to 100's million trades.

There was mention of the EA. That has been done to death with several explanations already given. It is nothing to be getting aeriated over.

We will learn soon enough the position of Macquarie Bank - pointless worrying about the various scenarios "what could be - what will not be" as most will be wrong.

Whilst thinks look so much bleaker than they were in early August we all had an opportunity to sell. I for one wish I had but instead threw a few more grand in at the time.. I can only blame myself.

All those years ago when Mr Burns came up with the plan I think it was a good plan with good brains behind it - it was Mr B who hand picked SP to take over the reins. I therefore cannot agree with the directors lifestyle company - though it does grip somewhere to see the days weeks months and years drift by. Frustration is a damaging thing and can end with irrational thoughts.

We need some news pretty quickly but it cannot be along the lines of 'we are still working on securing a deal'.

It needs to be either - we have a partner or we cannot agree a deal.

.can get the better of us at the worst of times.

The simple fact is that we could have all sold at 7p last year but some of us didn't. In fact some of us even bought more on the way up anticipation a deal being brokered.

We are where we are with no more information but no less information.

The company have stated on more that one occasion that the company are still in talks with more than one interested party (whether that includes the interesting major has already been debated to death). The company also state they have enough pennies in the pot to see these talks through. Macquarie are presently still on board. No one has drilled in the areas our licences sit. The board were seemingly unconcerned about renewal of those licences.

To be honest if there was anything to be worried about I would have expected us to be lot less than we were a year ago when there was no concerns about the licences.

Again I reiterate - all to gain, all to lose - high risk versus very high rewards - heat - kitchen - in or out.

Do I comment or do I stay quiet? They were my options.

Of course I have commented - why should we not believe what the company has reiterated from RNS to telephone call?

Has anybody really seen Simon Potter out on any golf course? Likewise has anyone seen him chatting with suitors?

Not sure what to gain from the posts on an anonymous bulletin board but I prefer to read what is issued officially and then check out against any news in the various arenas available.

No guarantees as to a fortune to be had, nor is there any guarantee that all my money will be lost. This is a high risk/high reward play.

Brynjon's Past Caring

About the negativity - I just landed £25 on ERNIE - lol

Thank you for your insightful post - To answer your question.

There are still many hundreds of us clowns investing and invested here.

Not the best introduction to a board, and certainly not the best way to endear oneself to the members.

Having looked at your other available post (KEA) I appear to have sold out of that one at the right time. Perhaps I should have sold out here in August - but I seemingly appear to have masochistic tendencies.

Be Patient Chaps/Chapesses !!!

Buy Petroleum Company

Looks like thy cup is still half empty ;@( lol.

Cash in hand to fund Potter and the rest of the crew including Macquarie who may well play their part in whatever comes around.

There is still an appetite for oil as can be seen around the world - there will be a market for it well past my own use by date.

Macquarie are in the business of completing these sort of transactions and if we look at the estimates given those few months ago the payout for Macquarie will be substantial on a successful transaction.

That said, I thought things would have been running a little smoother than they are and BPC is still a very high risk investment as there are no guarantees. There are other drillers in the area and who knows whether the pockets of oil that we have potentially under our licence areas are in some way inter connected with the others. If we are not drilling soon they may have been sucked dry LMAO very tongue in cheek.

I would hope (and I am praying) that before the year is up (3rd May) we have an agreement tied up.

Lets all have a Happy and prosperous new year.

And now a shameless plug for BBC 2 and moreso for Ken Loach and his award winning film "I, Daniel Blake".

Scheduled for transmission at 2145hrs on Saturday 5th January 2019. Grab some tissues.

“I am the wisest man alive, for I know one thing, and that is that I know nothing.”

“I thought to myself: I am wiser than this man; neither of us probably knows anything that is really good, but he thinks he has knowledge, when he has not, while I, having no knowledge, do not think I have.”

Sums it all up really