Member Info for brynjon

ROLF Rofert - Money I can afford to lose. Rather than be here being annoying on here perhaps you could try volunteering for a good cause. I spend much more time in a supportive role with my fellow earthlings but sometimes I get an itch I need to scratch.

I do not know you and you do not know me so these posts are merely words on a relatively anonymous bulletin board.

Have a good life. https:// www. happinessresearchinstitute. com

I'll say it instead Danlaur - Rofert you are still a coq - or maybe a bell end (an annoying or contemptible man - I know I used to use the acronym ALF) perhaps not as big a one as he wishes to be of course.

Why the need to come on here and big up your particularly boring insults. I suppose it is the kid's holidays.

Right I'm off.

Jim - sensible post without referencing other posters. We were sitting for many months at well under the penny before the notification of exclusive talks. There will be plenty of people here still sitting on a profit, whilst there are plenty caught up in the belief (I know some will say hype) that those exclusive talks would come to fruition.

We are where we are. There is no fat lady singing, your comment regarding finances is correct in that there is plenty enough to keep the lights glowing for a while until that all important financing deal can be hammered out.

This is still very much a high risk, though the potential rewards are mind-blowing. This is a risky business but as you say we are in a politically stable area (some may say "Stable - Trump is president!!!" and all we need to be worried about is the windy season.

Still all to play for - money has been out of my bank account for so many years that it is written off anyway.

Stay safe all. B

As an analogy perhaps we could suggest someone failing their driving test every year for 8 years but suddenly everything that has been learned during those previous years clicks into place and the driving licence is issued.

Would it be wise to just give up on the dream of obtaining your drivers licence because it now feels unattainable?

The reason folk believe the major is still on the scene has been mentioned before but major reason for the belief is that we have not been informed they have gone. We were told they came so it is reckonable that we would be told when they left.

The major no longer required "THE NATURE" of the discussions to remain exclusive. That does not stipulate one way or another that they have left the table. It suggests to me and to others that they remain - but none of us no for certain - there is no need to say any further on that as my belief is they remain - some other posters do not.

When we get some confirmation either way or some blockbuster news to the contrary I may come back. Hope the winds change some things. Stay safe.

Just over million shown as sales and around 6500 as unknown showing on ADVFN but no movement as yet on the SP

Spread back up to 10% so to keep the fray to a minimum.

Linton - I agree - there are many less posts now, than when we suffered the blow of the cessation of the nature of exclusive talks. At the time and for a while thereafter there was quite a time to be had with 10% <> for trading the a55 out of BPC and I am sure plenty was to be made.

We are in a major state of Limbo whilst we await ever patiently for news good or bad. In the big scheme of things we should really expect to have good news with the poo where it is. Hurricane season is about over so there should be no delay in sorting out a rig and plonk it on top of the best area for a positive strike. There has been enough time in the closed season to identify where that sweet spot is.

It is in the best interests of Simon Potter to strike a deal - his deferred salary may have come to an end but his accrual whilst it was live would make a very tasty pension pot.

I am not going to go in for figures as that is personal to me but I am hopeful that a deal will be done this side of Christmas - Just to clarify the word I used is HOPEFUL (feeling or inspiring optimism about a future event.)

Jim - the current void in new information creates an arena for the laughing hyena brigade so whilst I admire your tenacity, experience has taught me that it is best not to become too embroiled in the day to day posting.

There is nothing personal in posting the facts or indeed the supposition/opinion - it is just not worth it when the posts become personal as it can have a detrimental effect upon a person's mindset.

Perhaps I should have been clearer in my post title !!

All the very best to all - winners and losers.

and having just read your first post under the username PeterPig your imagination came up with an alternative:-

With the recent RNS regarding Simon Potter surrending his accrued sums and just keeping a monthly wage and shares it sounds like a total sale of the company opposed to a farm in.

Christ almighty Peter Pig - where did this jewel of imagination come from? The explanation on why his salary sacrifice in lieu of shares coming to an end has been done to death on here and within the RNS.

Your post appears to be just there to rile folk up - which it worked for a few seconds and now after a sip of liquorice and peppermint tea I will adjourn to a calmer place.

However - we saw a 70% drop in the share price on the release of the all important RNS

BUT

Only around 10% of the total shares in circulation were sold off it seems.

Therefore those holding the other 90% or so of the shares are seemingly:-

Happy with the current situation

Had forgotten all about the bottom drawer shares over the past decade

Were too late to sell

Are numpties for not selling when it reached 7pps (that will be me then)

Or for some other reason - so whilst we have evidence that the market reaction was to drop 70% of the share value a much smaller percentage went to the bother of selling up.

As I have said before - we are where we are. No amount of bickering, or my dad's bigger than your dad attitude will alter the status quo.

What can we do other than wait the next bit of news from the company or a leak of some sort from a conversation down the pub.

Still a very high risk here - remember before the news of the initial talks we were a lot less than we are now - there are plenty of people sat with a profit - an awful lot sat on a loss - but we are all living and breathing.

Have a good and safe night.

lynthip - I know you were on the positive side with your post but thought it best to clarify. No harm done.

Off to pick up the grandkids so will not be back on today.

Davie - I am as much in the dark as everyone else - the issue is interpretation and misinterpretation of the wording within the various RNS that have been quoted.

If one uses plain and straightforward English without slant they RNS are quite clear.

Of course most would love to see a deal done here - there are those who are quite happy seeing the SP where it is as the price fluctuations can mean a very healthy profit for trading. Both positive and negative posters.

There are others who are just totally pi 55 ed off with the situation and are grumpy and some with rose tinted glasses and some with tar coated glasses.

I myself am one of those glass half full folk with a sense of reality that had I been a bit wiser could have sold a load at 7p and had many more at my average by buying back in. That reality was just a big kick in the groin but we cannot let the small stuff get us down.

Whilst others are bickering about the semantics we have thousands of people on the other side of the globe (sorry to any flat earthers here) who have lost everything in the recent disaster. That is the reality of life. My life is great in comparison.

Stay safe everyone.

Lynthip - I have to pick you up on your post regarding the wording of the RNS it is not as you suggest as you used in defence "All it does say is that the exclusitivity contract has ended" The exact wording of the RNS is :-

it will not further extend the exclusive nature of negotiations beyond 31 August 2018. - Which is not the same as ceased negotiations altogether.

If we think about the original RNS and the wording there "the Company and the Counterparty will now work exclusively together for at least the next three months."

The counterparty will work exclusively with BPC for at least three months - That is all it says - they will work without any other parties for 3 months.

The RNS regarding the cessation of exclusivity means just that.

Why oh why are people reading between the lines. The latest RNS regarding the interim also clarifies this further:-

"Received non-refundable cash payments totalling $1 million in respect of a 4-month period of exclusivity (May - August 2018) with a major international oil company."

Nowhere other than a blog of a known dislike of Simon Potter does it say the major walked.

We are at a stage where Bahamas Petroleum in conjunction with its adviser Macquarie Bank, has broader, asset-based discussions with third parties, in addition to those non-asset based financing discussions already ongoing for the funding of its first exploration well.

As for the Environmental Authorisation the latest RNS confirms "Lodged application for Environmental Authorisation with the Government of The Bahamas, representing the necessary first step in commencing offshore field activity."

That is all that was required - there were a number of days post submission that were to available to answer any queries though those were not forthcoming. It is as lots of people have already stated - a live document requiring the final decisions regarding the actual drill timetable and process - this means I believe, that the company are compliant with the licence provisions. The RNS further explains:-
"On 26 April 2018 the Company filed its application for Environmental Authorisation ("EA") as required by the Petroleum (Offshore Environmental Protection and Pollution Control) Regulations 2016 (the "Regulations"). Under these newly implemented regulations, an application for EA represents the first step in commencing field activities and therefore the submission of the application by BPC represents an important milestone in the project and its development, with the next key milestone being the execution of an exploration well before the end of the current licence term. The Company is presently in ongoing discussion with the Government in relation to the process by which the application will be progressed in a timely manner. "

I took a chance and looked back in - Jim - indeed you are correct that no official word that the major has walked off I will not repeat what I had already quoted from the official RNS.

The only person (not already posting on this board) to say the major walked, was the fat lad who most people claim they would not trust in any case.

Let us see how the week pans out - bad or good - we will know by Friday whichever it is.

Everyone has their opinions of course but the phrase "the exclusive nature of negotiations" suggests to me otherwise.

As others have stated - the RNS was a little vague - only time will tell.

Not so sure why Malcy's words mean a great deal of anything - whether in relation to BPC or his VOX website. Just like the chap who used to do the Red Hot Penny Shares - he is out to make a killing and will trade the ar5e off shares he is promoting or demoting.

I know there are some who insist on the major having walked...however, consider the NDA and why we do not know the identity of the aforesaid major.

The RNS clearly stated "...it has received notice from the major international oil company that entered into an exclusivity agreement with the Company, effective 1 May 2018 that it will not further extend the exclusive nature of negotiations beyond 31 August 2018."

The key note within that sentence is "the exclusive nature of negotiations".

It does not state they negotiations have ended - only the exclusive nature of those negotiations.

Perhaps this is the reason the ship is still not leaking - perhaps as the wording of the RNS suggests they have not ended negotiations and are still at the table so it would be very wrong to break the initial NDA - I would of course imagine the other interested parties would let the cat out of the bag either if they wish to partner the original major.

The above of course is merely for consideration and a potential theory to be disproven.

I will go and crawl back under my stone. To be honest on my brief return to the board I was pleasantly surprised to see things have calmed down a bit.

There's a much greater chance of rain during the summer and fall. The curse of Bahamian weather, the hurricane season, lasts (officially) from June 1 to November 30. But there is no cause for panic. More tropical cyclones pound the U.S. mainland than The Bahamas.

So we should be safe to start drilling post November - that gives enough time to get some paperwork signed ;@)

Neptunes - Very Much OFF TOPIC to BPC - I am unaware of the post which the recent messages refer to as I have been away, nor do I feel the need to search for them.

For info and from experience - comments/actions need not be intended to be racist/homophobic/gingeriest or the like.

These days the law says the above need merely to be perceived as being so, and not only by the intended victim, but can be reported as an incident by a witness.

in their standard format are boring affairs and apart from the usual tea/coffee and snacks are not worth attending - though there is always the possibility of having a Q & A outside of the official meeting.

By accounts it seems some people did attend the IoM and benefitted from that.

There are of course others who enjoy their time being a 'rooster' and have their own agendas and will post in line with their goal.

For the rest - I was pleased to see that there was no knee jerk reactions as some predicted. Some positivity seemed to have come from the Q & A session so I would hope we can build upon it.