RE: Does anyone know14 Jun 2020 21:49
Oilmanjim on Twitter:
“A busy week for Bahamas Petroleum Company (BPC), which announced both the award of a petroleum licence offshore Uruguay and the acquisition of Columbus Energy Resources (CERP) in an all share merger. The latter was not received well by the market and the share prices of both fell sharply. It’s looking more and more like the Bahamas drill may be purely promotional. Regarding Columbus, it’s fascinating that VSA Capital was saying to retail clients that it was worth over 20p, yet when it came to the crunch, they were happy to advise the CERP directors that tuppence a share was fair and reasonable. You see why I sometimes can be cynical.”