Member Info for brynjon

Ah Moon - perhaps you need to change your username to ROOSTER or ALF.

What pleasure do you get from posting when a share price disappoints?

It is really sad to see such gloating.

Now you've done it Special - you have let the cat out of the bag ;@)

"I personally think that this will be a Thursday morning RNS Jobby which will catch the market of guard. Good luck everyone!"

arma - Yes having given it thought, if the company had market changing information in advance of arranging this interview it would be deemed as bad craic, as that information as you rightly state, needs to be given in a timely manner.

So perhaps we will not have a juicy RNS in the morning. That would also tie in with a low level of trades today.

Hope you are on the road to recovery VC - if we do get an RNS tomorrow you may not require any opioids ;@) .

If we get a good one, the folk with white coats may just turn up and swift you off somewhere quieter with soft walls.

There have been a few comments of late regarding the scenario of the Major not completing the transaction. If that were the case - AND THERE HAVE BEEN NO OFFICIAL SUGGESTION THEY WON'T - we can remind ourselves of the position we were in prior to this exclusivity period.

Thu, 3rd May 2018 07:00

RNS Number : 9562M
Bahamas Petroleum Company PLC
03 May 2018

Whilst to date the Company has been working with a number of major oil companies in conducting an evaluation of the Company's licences with a view to concluding a mutually beneficial commercial transaction, under the terms of this Agreement, the Company and the Counterparty will now work exclusively together for at least the next three months. The Company will receive a non-refundable cash payment of US$250,000 per month (US$750,000 in aggregate) for the initial three-month period of exclusivity with an additional US$250,000 per month for any extended period of exclusivity, such extension at the option of the Counterparty, up to a maximum of a further three months.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

We know the initial 3 months have passed since the NDA was made. Just under the full 3 month limit we receive a note to tell us month 4 is being used ($1,000,000 in the bank) and we have around 3 weeks until another month of exclusivity may be in the offing.

Of course as time ticks by we are all coming up with scenarios due to our active minds - With the biggest of them being .... what if? Buy out, Farm In, Walk Away, Extension, Walk Away, 30p, 12p, £1 and so on.

I am sure we will have plenty of new names, some long term holders who have never posted on here before, people advising of the risks and or rewards of backing a minnow on AIM. It makes for an interesting end to the summer.

Perhaps if big Malcy does have a meeting with the company representative tomorrow or whenever we should have had some news.

Let's hope it is BIG.

If not Aymesco - lets just get smashed - good enough reason.

Several companies have not issued an RNS today Moon.
RBS, Exxon, BP, MATD - must be one of those quiet news days.

Ah Naylord - we have no chance of it now Lol ;@)

I think one thing is a cert - gonna be an interesting week, I predict any wigs will be tested for grip.

I will say that I prefer the level of posting to be as low as it is - any more it will be just a pain in the 'arris to read through with just one cup of coffee.

tick tock - 12 hours until the market awakens for RNS.

Will interest begin to rise again as we approach midway through this initial extension period?

It is certainly not a time for the faint hearted lol.

I wonder how many new posters we will get this week and how many have a similar writing style.

I had previously suggested Exxon when Rex Tillerson left his office - perhaps he thought it was too good an opportunity to miss out on. Sheer speculation of course but I do not expect it to be too long before we discover who it is.

Forget even trying to guess a price or operator to be frank - both will be revealed when the company is good and ready to let the cat out of the bag.

Thoughts on the 1st well -
Taken from the BPC Website https://www.bpcplc.com/our-operations/technical-information/

There are a variety of play types on our acreage; reef margin plays similar to Golden Lane in Mexico, fore reef debris and breccia plays similar to the Canterell complex, very large foreland basin structures comparable in geology and size to many fields in the Middle East and possible deeper rift basin structures.
We believe the best location for our initial well will be to test ‘Fold B’ into the upper Jurassic. The CPR indicates this feature has the potential for over 2 billion barrels of oil in the Cretaceous section alone. We will plan our initial well to a depth of approximately 22,500 feet which will take it through the thrusted anticline across the thrust fault into a broad structure in the Upper Jurassic. We believe this well will test the largest potential volumes, multiple reservoir sections and will provide definitive information on the anticipated Jurassic source. Based on previous work we anticipate the well will take about 120 days and will likely be drilled with a semisubmersible rig in water depth of about 1500 feet.

If you are already in a decent profit you can always set a stop loss sealing in some profit but not too close to the current price.

I got stung some years back when I had just started putting money into the market. Small amounts compared to today - I put a stop loss on a share which seemed to tank for no more than 20 minutes - took out all of my profit and by the time I had noticed it was too late. Ended up buying back at a much higher price and to be honest that was as bad a mistake as putting a stop loss on.

The word GREED is key here. How greedy does one want to be. Pocketing any profit is why we buy shares in the first place BUT IF there is always a chance of getting more!!!

Whilst a newbie on the boards not sure whether you a newbie to investing.
I am no expert but I bought into BPC story back in the day at 3p and saw its rise into the 20's but perhaps foolishly did not sell. Held onto them for dear life and saw them fall to the lower pennies before I sold. Bought back into them a short time later only for the price to fall to below a pence bit held whilst the detractors told everyone we would be obliterated.
Having read in between the lines and lies I believed we would eventually get to drill a hole though there have been plenty of scares along the way.

I bought to see oil being produced as that will be where the big money occurs BUT there is no guarantee of striking oil so it is still RISKY.

The share should re-rate when there is a declaration of a farm in, again when a rig is obtained and sited, then again when the drill tip hits the ground and the crucial one will be whether there are the commercial quantities of oil under the sea bed that have been predicted.

If there is commercial quantities perhaps you could retire or at least have a nice nest egg.

You go as you please on any of the entry points that will be available to you.

It is pointless trying to anticipate a price until the unknowns become knowns and at each point or re-rate you will have to trust your instinct as to whether you hold or fold.

The guesstimates on here are purely guesswork. The research that has been undertaken by the company over the past decade has been pored over by various experts, one of them Moyes & Co who suggest there are billions of barrels of oil to be had with a decent percentage chance of recovery.

Macquairie Capital are aboard to sort out the ins and outs of negotiations with a major oil company who look to farm in on the prospect of finding oil in at least one of the four licences BPC own.

On paper all looks great BUT we are all aware that it is still a RISK.

Noticed a couple of odd trades today - one being on NEX for 57 shares.

I doubt that this would be such an overt message but if it does head down that far I would be a believer in manipulation.

on closing prices, future prices etc for me.

Until we know there is a deal the market will decide what the closing SP will be on any given day.

If we could all correctly guess on the day's outcome we could just be traders and not have to work as we would be laden with money. Actually (me not included) there are people who spend an hour a day at their computers and place a bet either up or down and walk off with a grand or so. The thing is it is risky and you can easily lose your shirt.

I do get bored with statements suggesting a certain price whether a rise or a fall as nobody knows for real. Of course some guesstimates are correct - but few and far between and those predicting such a price gloat.

This is no school yard folks - this is a board for good information and a general bit of good humoured craic.

Predicting can make one look an ar5e - 8p, 9p 3p 5p close today. Nobody openly predicted 7p.

Predictions feed trolls and those wishing to insult.

Catch you tomorrow when we will open at ………………………..pps.

Lol - that quickly corrected itself
7.3
72.
7.4

Currently showing live price as

Current 7.53
Bid 7.7
Offer 7.36

Moon - yesterdays buyers are already in profit so unsure of your point.

The fact of the matter is that shares can go up and down and you may never recover what you have invested - in fact buying on a large spread can mean you need thousands just to get to where you were when you started.

Thankfully no massive spreads on here - of course it is a big risk - less so that sticking £2-50 on the Euromillions of course.

So I will put a shout out -

"THERE ARE NO GUARANTEES HERE - INVEST AT YOUR OWN RISK AND HOPEFULLY AFTER YOU DO A BIT OF RESEARCH".

That should do it!!

this maybe where he got his username. https://www.youtube.com/watch?v=ZM8xgOslqW4