Member Info for CarsCoffee

Rob, I am a property developer. The Coffee and Cars is a business on the side.

Nell, funny I thought the same thing as I have been trying. I guess in theory they have not been delivered yet so still available.

Icemax has its foot down not. Pushing 8 knots

Bigmj, I don’t want to be in when you are de risking your 120,000,000 shares before results. Can you give us a heads up?

I definitely don’t want to be a swing trader. I actually like to understand the companies I invest in and take a long term approach.
I am similar to you Ros in the fact that I wanted to de risk on the run up to results however the boars seems insistent on trying to keep this down.

oldabutnowisa it’s not about the money. I agree that this contingency should be taken. It is the fact that they knew this was an issue, Stena knew this was an issue however they have many times talked about the budget and yet only now have they decided that what they had posted before was incorrect and the drill will cost an extra £5 mil

Sorry tomato I don’t just sit back and take what the BOD tells us without analyzing it. The fact is that a lot of the things they have promises and done have not worked out as planned. As a decent sized share holder I feel we have the right to verbalize our opinions.
It would be a disservice to other shareholders as well as potential shareholders if the actions in success and failure are not discussed.
Why are any of us on this chat board if that is not the case?

On a better note. Icemax has sped up to 7 knots now.

Spacetomatoes, always a good idea to filter people who put forward different opinions. That way you are always right. I commend your single mindedness.

We skipped over the fact that Bigmj owned 3% of the company. Congrats, how long have you been with BPC?

3 mil Covid and 2 mil extra contingency so effectively they expect the bill to increase by 5 mil

What I think may be happening and this is a conspiracy theory is that they bung Stena and extra £5 mil for the job in return they take up the £10 mil contribution. This makes the company look good and Stena get a much better deal than advertised.

The Muir, the point is that they are now saying that they had not prepared for Covid and that $5 mil more may be needed to cover this and “Stena breaking down costs”.
Either they lied regarding previous costing or they are incompetent in planning. Both don’t sound great.

The BOD need to start actually delivering what the say. The CPR report due mid November has now turned to “Soon”. I think we all know what soon means from this board.
The other thing that worries me on the miscommunication side is that we were supposedly ready to drill back in March and only 4 weeks away. No way financially or logistically was that drill ready back then.
They need to start communicating the truth and give us targets for information and performance that they can actually achieve. I know this type of thing is common in AIM shares as they are always having to raise money but at this point BPC need to be taken seriously and fir that to happen they need to put out accurate information.
My rant is done, I am invested and still see huge potential here and good luck to all.

Sorry lots of typos, should have read it back

I am heavily invested and I was not impressed with that RNS at all. Just talked about I rested costs due to Covid as well as breaking down costs as Stena don’t have another job to go to.
Then a lot of but’s and maybes on the funding along Eleuthera a nice send off saying that we can’t cover operating costs for the next 12 months once the drill costs are taken into account.
I understand this information was needed however I would have liked a little positive news. I still think we are in a good position and the current price is cheap but the potential upside at spud and on success has been diluted in my view.

Hey Frank

Let’s go Rox, not sure about a dip but this price is still a great entry point.

Don’t bother with Grand Bahama. 700 islands in the Bahamas that wouldn’t be high on my list.

The answer is that the 6 billion are available as a contingency. They were staying flexible. If the raise is not needed it won’t happen.