Member Info for brynjon

250k deals dropped in. Wonder how many more

6.9

to see the trades dropping in at close of play - last lot of trades dropping into the undecided at 7.05 on ADVFN

nice to see some fluidity on the market - about evens on the buys and sells listed though a lot are borderline so who knows - they could all be sells ;@)

http:// webcasting. brrmedia. co.uk/ broadcast/5b6452137e92fe237b0e261d

gatto - you will either have to bite the bullet and buy in, or bide your time in the sidelines - not long to wait though as the extensions will cease end of October.

IF a deal is not complete there will be an RNS stating (I am sure) the reasons why will be noted. There would be nothing stopping other companies asking to speak. HOWEVER, after 4 months with no leaks I am fairly confident of a deal being done.

would only be a possibility that the current NDA is broken and initial major pulls out - other potential suitors would then be able to make an approach and BPC may be able to control any bidding.

The fact of the matter is that the major has agreed to at least another month of exclusivity in negotiations so it bodes well for a positive outcome.

Having re-read the RNS about SP's salary and share entitlement I concur with previous posters belief that a deal MUST be on the cards.

Cessation of SP's pension company pension contributions and share accrual - a reduction in annual salary are not something to accept lightly.

Bill Schrader's comment "whilst maintaining the incentivisation of our CEO at this important and exciting time for the Company." suggests to me that whilst taking a big hit Mr Potter is still going to receive a decent pot of gold, albeit black gold, at the end of this.

sarup63 - the daft questions are the one we do not ask.

There are many thoughts on how it will play out with BPC - having read through today's posts you will have noticed there is talk on price - on spudding a well - on agreeing a farm out/farm in - takeover.

Presently all answers are pure speculation. This is because there are too many unknowns.

Whilst 10 years or so ago the SP hit heights of over 20pps however, there were far less shares in issue. However, at that time there was no 'pre-nup' type agreement that we have currently.

Our seismic data was only 2d I believe - today it is 3d. The company have spent a lot more on evaluating the licence areas and have had a data room where prospective partners have been able to visit to assess for themselves what the licence areas have to offer.

So today we are nearing the end of the first working week of the first of three potential additional months of exclusive talks with our mysterious major. We could end up waiting until October to ascertain whether we remain in our exclusive talks. That would be quite timely as hurricaine season officially lasts until end of November at which time drilling season may commence.

We are all in the dark, most of us have our dream exit price, some may be 15 to 18p, others 30 to 50p whilst others may sell a chunk and await the results of the drill tip puncturing the crust to see if we actually have oil in our licence areas.

I would like to think we have of course.

VC - as a veteran of bilateral partial nephrectomy and several other procedures I became well acquainted with things that made me drift off into wonderland. My favourite of course was oramorph especially when I had it on demand via a self medicating device. Soon took it off me though ha ha. I wish you a quick recovery - I have taken to working in a hospital helping patients since my retirement. I was thankful for a good outcome and enjoy reassuring the many patients I speak to on a daily basis. I also keep fit as I walk between 8 and 15 miles getting round everyone.

VCB2 - have you been on oramorph? 40p - I would hope any talk of a takeover and we would be wishing for more - only state that as it would be an auction scenario - highest bidder wins.

On Barrington's note of course - the options situation for Simon Potter would need to be taken into account. Not sure we will be looking at a takeover/buyout at this stage.

Would be massive egg on people's faces if they buy BPC out only to find a puddle of water. Therefore personally I consider a buyout too much of a gamble at this stage.

As for a buy out - these 'exclusive' discussions are about a potential joint venture.

Exact Wording:- to develop a commercial framework for a potential transaction......

Unless and until a definitive farm-in or other commercial arrangement is agreed with the Counterparty, its identity will remain confidential. Given the exclusivity arrangements provided for in the Agreement, discussions and negotiations with other potential partners have been suspended for the time being.

I imagine any potential buy out would have to be on the open market for all majors/minors to fight out.

Now that would be an interesting prospect of course.

Mere speculation of course.

Guys - if you log into your Shutterfly account on the top right of the home page you will access all areas - well most of them.

tdante - Potter was assigned this role by Alan Burns who sadly died before bringing his dream to fruition.

Not sure whether that would be the legacy that Mr B desired - S Potter will know of course.

Still lots of possibilities with this share - good and bad. Like guessing the length of a piece of string that you cannot see - too many variables.

I agree Dutch - after a fairly up and down couple of weeks some folk will take a bit of profit.

The SP is very unpredictable presently as there is still a lot of risk to reduce.

On paper it is looking a dream and one dream I am quite happily attached to presently thank you very much.

The market will take us where they want it to go pending any further updates in the near future.

We can hark back to the good old days of the 20p's but that was on nothing other than gossip and belief.

This time we have something tangible to add to the equation in the farm in discussions. News of better 3d Seismics add to that belief package and of course the rising oil price all make for the perfect gambling opportunity.

sarup63 - perhaps you need to spend some time researching the company to ascertain why you bought in.

Most recent news would be a good place to start - but looking back upon the last few months the share has risen several hundred percent from is less than a penny low.

News of a major oil company wishing to perhaps have a farm in deal for at least one of the licence areas.
That caused the major price hike up to 3p.

As you will be aware that major and BPC signed an exclusivity deal for talks on the matter of a farm in for an initial period of 3 months with an option to sign up on a monthly basis for a maximum of a further 3 months and paying BPC $250,000 per month for the privilege.

Once that initial 3 months was up the 'major' opted to break into one of the final 3 months - soon after that RNS the company issue the RNS regarding Simon Potter the CEO adjusting his salary awards.

Putting 2 and 2 together people believe that a deal is on the cards - THIS OF COURSE MAY NOT BE THE CASE but punters are taking their positions again which has caused volume and a pleasant rise due to anticipation.

Rofert - you have turned out to be a despicable troll of the worst order. May your armpits be infested with fleas and your anus burn like acid.

I imagine you are the sort of person who on seeing a suicidal person atop a tall building will shout "JUMP".

The good Lord will remember you.

Would be interesting to hear what the experts on charts reckon to this new rise.

Breaking out of the 5's and potentially hitting the 6's by the end of the day. My ADVN screen showing 5.9 to 6.1 so still a way for it to go to become wild.

you can look at bmrwatch dot Shutterfly dot com

I hope the former, though we are past midway 2018 already.

I am sure IF the deal is to come off the major will already be making plans for a rig to begin the slow journey across the ocean in time to be sheltered from the hurricane season and has a short voyage to the licence area.

Not a Scooby as to how fast a rig can be hauled over any distance. I am sure one of our ex and current oil workers will be able to give a rough guesstimate.

I hope he will leave a note, though I expect like a number of regulars he is feeling a tad pi55ed off.