Member Info for davidblack

Apologies for the stutter! It’s early.

In that RNS they commented:

As an option

“-- Farm-out options or similar transactions: For several years, the Company has been engaged in a process to secure financing whereby another entity will acquire an interest in the project in The Bahamas, and in exchange will pay for all or a substantial part of the cost of drilling and cash payments in respect of back costs, thus freeing up capital for redeployment elsewhere in the Company's operations. Discussions remain ongoing.”

HTTPS://uk.advfn.com/stock-market/london/bahamas-petroleum-BPC/share-news/Bahamas-Petroleum-Company-PLC-Perseverance-1-Cos/83775561

I wonder if PB is looking to buy their on shore acreage where they hold some minor interests in BPC ground, I think?

Interesting RNS this morning from BPC. Clearly they are tight for cash.

In that RNS they commented:

As an option

“-- Farm-out options or similar transactions: For several years, the Company has been engaged in a process to secure financing whereby another entity will acquire an interest in the project in The Bahamas, and in exchange will pay for all or a substantial part of the cost of drilling and cash payments in respect of back costs, thus freeing up capital for redeployment elsewhere in the Company's operations. Discussions remain ongoing.”

HTTPS://uk.advfn.com/stock-market/london/bahamas-petroleum-BPC/share-news/Bahamas-Petroleum-Company-PLC-Perseverance-1-Cos/83775561

I wonder if PB is looking to buy their on shore acreage where they hold some minor interests in BPC ground, I think?

Thanks and I will check it out.

EQT is my second largest holding and I have been adding since the placing

Just looking for high impact choices and tend to agree with your thoughts here

Aim do you invest in any other interesting shares?

Really worth checking out that graphic of Pro’s.

So is this a 25m boe, 50m boe or 75m boe target?

In your opinion or even better if you have seen someone do some serious maths on it.

Many thanks for your thoughts.

If the Deep comes in and connects what might the price be?

You have obviously not been to Calgary! After Houston and Dallas its the third biggest city of the oil business and in the context of that Touchstone is a third tier player with a funny asset in an odd country. It’s not really on anyone’s Radar yet! But it will be but probably not a Canadian. Maybe think Shell or Methanex for vertical integration or a Chinese player for the politics and looking 20 years ahead with an eye to Venezuela. TXP will be too expensive for the Canucks who are busy consolidating local gas plays to strip out costs ahead of the gas price rising.

Volume looks to have evaporated hence us not moving up this morning, yet.

Hopefully you still have all those still.

If you could repeat the story for those who haven’t heard it like me?

Might even get to £1.50 if they find 9tcf?

Or maybe just a bit more?

Well yes big, in fact I was rather hoping the might find a small herd as they move east through the jungle. Can’t imagine that in the past the seismic was that great in those wooded areas.

Mr XM probably has a view?

Just putting a flag down but I reckon PB will be back for $75m when the market cap hits $1bn.

Subject to elephants being discovered of course.

£7,000 of “Free Money” plus brownie points with Shore to stay on the placing list. This is just the fluff that needs to be blown away.

Hopefully PB will go out and present the story shortly to a new group of investors?

Pencil me in for 148p please.

TXP doesn’t “Need” rather it wants flexibility.

PB is of a certain age and this is his last play of the dice for a big win.

So this time it’s for billions and my guess is all tucked away in FamilyTrusts without anything other than exit taxes for his grandchildren and great grandchildren.

So enjoy the ride as we Brits are getting the best of a generational ride mixed with a lot of entertainment!

Proselenes I popped your broker upgrade on the Facebook page, too good to hide in obscurity! Plus it’s 600 pairs of eyes many from Scandinavia who may not know of this board.

On slide 10 of the presentation they indicate that at Chinook there “Maybe” a 7cb zone at the bottom of the page on the far right.

So the big question is there a likelihood that this extends towards Cascadura off slide at depth?

And do you think at 10,000 feet that TXP can reach it should they try to do so?

Sunday morning musings over one of the last trips to the coffee shop that no longer keeps Sunday papers due to CV of course.