Member Info for CarsCoffee

Agreed Willec, I was just giving some insight into why the share price wasn’t moving even with oil
In a much stronger position.

Just a bit of analysis for you guys in why I think both prices are not moving very much.
On the assumption at the moment the merger will go ahead. CERP is at 2p roughly which would represent 2.5p for a BPC share. So currently a discount on the BPC share price therefore holding any BPC progress.
CERP is being help down due to one of the biggest institutions changing its investment portfolio and a commitment to sell the CERP holding.
As soon as the share advances towards 2p the holder sells 500,000 to 1,500,000 shares. They currently hold 80,000,000 shares so this could still take some time to work its way through.
So in conclusion, while the large holder keeps selling on the rise the share price is help down and due to the merger association so will BPC as it will make more sense to buy CERP at a discount.

Just a bit of analysis for you guys in why I think both prices are not moving very much.
On the assumption at the moment the merger will go ahead. CERP is at 2p roughly which would represent 2.5p for a BPC share. So currently a discount on the BPC share price therefore holding any BPC progress.
CERP is being help down due to one of the biggest institutions changing its investment portfolio and a commitment to sell the CERP holding.
As soon as the share advances towards 2p the holder sells 500,000 to 1,500,000 shares. They currently hold 80,000,000 shares so this could still take some time to work its way through.
So in conclusion, while the large holder keeps selling on the rise the share price is help down and due to the merger association so will BPC as it will make more sense to buy CERP at a discount.

That doesn’t sound very committed to me. CERO’s BID have been taking 50% of salary in stock for years and 100% from early this year.

3 kids, wife, 36 cars and live in the Bahamas

Hey BRL, yes still in the UK. Can’t get back to the Bahamas at the moment. I have a project in Newbury that I am trying to get finished so getting some work done at least.

That I s at 2p buy here obviously a little lower now.

It actually works out to 2.5p but still a discount on buying BPC

Agreed CERP’s assets are not of interest to the majors however a more diverse and stronger company is. The biggest part in my view to the majors would be getting Leo involved at this point.

Told, Leo’s comments were based on a negative and $20 oil price with little hope of decent recovery over the next 12-24 months.
This is currently not the case and if we see oil prices anywhere near $50 then CERP can become very profitable and able to expand production of its assets.
The timing was good and at a decent oil price CERP will certainly be adding value to BPC.

Noobz I don’t think people here are really that worried but the general market will see it as a problem so it will be down to us if you sell some and buy back lower when the time comes.
I still think that will be risky as I think they will coordinate other positives to counter the results.

28th or 29th July. Around then so plenty of time for news and price movement before then so don’t panic.

I think if nothing comes out from the company before Q2 we will definitely see a large dip in price.
I think however they BOD will try to manage the Q2 results with some good positive information so as to curb the panic sell.

Harry I think it depends on oil price largely. Obviously in the last few months CERP’s future looked very dire as the potential in the company relied on oil above $35 and maybe $40.
This is what made the deal even more interesting for Leo and CERP. They both need each other.
My view as stated is that the drill and finance (in the current proposal) is reliant on the merger. So without CERP it is quite likely BPC will miss the drill deadline and could loose rights.
CERP will survive now if the oil price remains above $40 as this was not predicted and the price that BPC/CERP merger was based on a much lower oil price which just gives more value to the BOC share holders.

Sorry Stena

No funding without CERP. Understand what your BOD’s are telling you. Stems will not take the option without CERP either hence the September date.

Interestking listen to your BOD’s they have said but not quite directly they need the merger to secure the funding. You take the risk of that not happening if you like. That is why I am holding CERP as without the merger in my opinion you will miss the deadline.

Morning, agreed he seems a good candidate and I guess the bonus structure is reliance on the completion of the turnaround so I am ok with it.

£425,000 per year plus almost £1.5 mil in bonus possibilities that sounds expensive but I know nothing of this part if the business.

Pageofcups and petroleum, at last a couple of people talking sense. Nice to hear an opinion of someone out in the field as such.
It is really CERP who are taking the risk not BPC.