The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
StarChild as you know I’m pro BPC and hope we not only reverse the losses on our investments but come out of this with a little extra.
My beef is as per your post this morning whereby the company told us that two drills were to commence in February 2021. We have missed two targets and yet not a word from the company as to when other than it slipped in to another RNS that the drills wil commence Q1.
Well we are days from that deadline so to me to retain any form of respect and importantly shareholders confidence Potter has to deliver.
The market clearly don’t like it or else why does the SP sit in the doldrums?
Targets and deadlines must be met and the only thing we tend to announce at the time of change is around the JR.
Perhaps that’s it - maybe the outcome of Fred ponying up 200k and the continuation of the JR is why there appears to be a news blackout?
I agree - wow eh....
I was a big fan of Leo. He came across very personable and met & engaged with Share holders at AGMs & presentations.
Private investor I have to say that this is my hope however I will say that even I expected some form of update by now in regard to the CERP plays. We have seen news releases from our partner on IT and yet we have said not one word on this project which has in fairness made quite a difference to any holders of that stock so the news was material to them and to a lesser degree is material to us in regard to income.
Factor in what StarChild posted re offset tax losses it’s hard to see why the market has not reacted to this news .... it’s almost like they are awaiting something and I guess hope that many will sell up before dinner is served.
Just my take on it but to sum up from StarChilds post earlier - I have seen Football managers sacked for much better performances than our current manager, especially when you take into account that effectively we’ve only played one game in what you called the Champions League final... let’s hope extra time gives us a better outcome or we win on penalties!!!
Exactly my point last night. I understand that we can’t give news specifically around the Perseverance drill, however there are other projects within the business that shareholders could be updated upon especially as our partners in these plays have seen their market cap values surge upwards in terms of the value and offering very attractive returns on shareholders investment.
Mr Potter, whilst running the business is also accountable to us - it’s shareholders and should be keeping us updated on material events. I think and hope there is a bigger picture in place as frankly he scores a massive -D in attainment and effort in this regard in my opinion.
The ship needs to begin to move now and he has the power to do this.
Oh and as I am under my daily 5 post a day quota had you of read you will have seen that Mrs Potter allegedly reads these forums as was told to an investor my Mr Potter himself...
So can’t count or read... not looking good for you is it??
Toodlepip x
Pduk I’d love to have a natter with you when we can in person... I can tell you all about manning up and graft - something that’s clearly lost on you.. still I guess you must have confused my second post today so not surprising that retort as you can’t even count... bless..
Still carry on from behind the keyboard I’m sure it gives you confidence and makes you feel safe...
Be seeing you ..... lol
Dear Mr or Mrs Potter - which ever party picks this post up first.
Can you get please spare a thought for your shareholders who have subsidised salaries within the company, subsidised your projects and above all shown the company a great degree of loyalty for, in some cases over a decade, through the ups and downs of the journey.
We have had to watch other companies in our sector provide regular updates to investors that have seen significant returns on investments and in turn reward to shareholders for their support, whilst we sit - like the IceMax - in limbo wondering what on earth is going on, after a hurricane has savaged our investments?
We need clarity on more fronts than Fred Smith and at this juncture it is not unreasonable to ask the company to keep its shareholders updated on material factors when they are known that will provide comfort to those who have directly supported you and consequently helped you provide security to you and your family. In providing those updates might also improve the dire state of the share price which incidentally you are accountable and responsible for.
We have had material updates given by our partner at Innes Trinity and yet despite the positive impact to their business which correlates to our own, along with the strength we see in the POO, it would appear to many that you are in contempt to the very people you have needed support from through the many challenges you as the captain of the ship have been faced with.
As shareholders, this is our company and we also have a voice and as holders in shares in our business, you should know the impact to so many invested here in the apparent disregard to providing some news to stabilise our faith in you as our captain, where it makes no sense to not have the future support of shareholders and maintain some status quo as the company moves forwards.
So as you sit in front of your OLED screen having enjoyed a hearty dinner along with your family in your no doubt lavish home - give a thought of what you could do to at least help some of us provide the same security to our families too - after all isn’t that why we are all here?
Here is hoping that either you or your wife, assuming the rumour is accurate that she reads this forum, has a conscience, actually gives a damn about our people in particular those who gave a damn about the business.
We wait with bated breath but I dare not hold it...
IBLONDON - do you have any evidence?
Thought not - nothing ever changes eh...
“Unsolicited Approach” could be a phone calls out of the blue following interest in the P1 drill.
The comments that P1 was a duster could be a figment of IBLONDONs imagination, along with the rest of the bashers posting here, to make the duster seem palatable with his investment strategy.
As I say you do not know it is a duster - you do not know what results will yield.
Non commercial does not = duster - suggest you look it up old boy along with investing for dummies as you clearly don’t have the stomach for it bleating all day about a share you arnt even invested in but will if the price drops... as I say P1 might end i up being a worthless money pit but I recon it won’t..
No agenda in your drivel this morning then eh chap?
So Inniss-Trinity had a value to PRD on its head of $4.2m.
With the success of Co2 and an increase in POO to over double and potential increase in production with new wells - what price could be put against this asset if BPC did decide to sell it to PRD?
I don’t think they will and perhaps see more partnerships with PRD across the Goudron play - unless that is BPC poke deeper at Goudron to see what lays beneath?
Interesting conundrum either way you look at it... but one thing is for sure Inniss-Trinity won’t be sold on the cheap...
Zag I only hope in the way you posted you don’t end up with egg on your face - no pun intended as any comments thoughts or otherwise have already been stated as theory and debate yet you constantly post P1 was a duster.... well news flash - YOU DONT KNOW if it was or it wasn’t... so let’s stick to theory and facts where never the twain shall meet eh?
I mean if you were so successful in share dealing you would not be posting as you do here... lol
Toodlepip x
Bye bye ChrisW - no need to enquire what the W prefix relates to - it comes across in your style of post and attack...
And for those who may have missed this and perhaps to spark a different debate over the weekend - here is that news again from our partner in regard to the Latest from Inniss - Trinidad
Investigation of all potential CO2 EOR producers in the AT-4 Block has been completed and approval to re-start continuous CO2 injection over a continuous period of 9 months at AT-5X will be received shortly, together with approvals to reactivate several wells for return to production.
There are no changes to the previous guidance for the production plateau forecast - in the range 243 - 547 bopd. During the period from 10 February 2021 to 11 March 2021 WTI oil price has risen from US$58.25/brl to US$64.7/brl.
Strengthening oil prices; the recognised and accepted technical success of the CO2 EOR Pilot Project at Inniss-Trinity and positive dialogue between the Company and the Ministry of Energy and Energy Industries in relation to developing the CO2 EOR potential for the benefit of Trinidad has allowed the Company to progress discussions with several in-country operators regarding expanding our CO2 EOR business.
Some of the funds raised will be used to:
-- develop a new CO2 EOR Project in a different onshore oil field in Trinidad;
-- evaluate the expansion of the current Inniss-Trinity CO2 EOR project to include other areas of the field.
PrivateTesla that’s exactly how I see and understand it. Judging by the news from PRD this morning hence why I posted it - the benifits are equally important but I don’t think this production has been factored in to the 2500 bopd targets by year end. That news today is significant for me and I suspect we we see all this factored in to be NR block busting release around Trinidad and possibly Suriname.
Tiburn - could not agree more - at least the debate about positive aspects of the business are backed with thought and lateral thinking unlike these pond life who call P1 a dud despite them not being aware or privy to the drill results.
Harry’s point this time round does hold some weight - it is speculation at the mo and no news can’t be far away at all... for me after this amount of time says there is more to disclose - one way or another.
Its interesting how in period since drill some "higher tier/class" (very loose term) of paid derampers have joined the BB,
Trinidad
Investigation of all potential CO2 EOR producers in the AT-4 Block has been completed and approval to re-start continuous CO2 injection over a continuous period of 9 months at AT-5X will be received shortly, together with approvals to reactivate several wells for return to production.
There are no changes to the previous guidance for the production plateau forecast - in the range 243 - 547 bopd. During the period from 10 February 2021 to 11 March 2021 WTI oil price has risen from US$58.25/brl to US$64.7/brl.
Strengthening oil prices; the recognised and accepted technical success of the CO2 EOR Pilot Project at Inniss-Trinity and positive dialogue between the Company and the Ministry of Energy and Energy Industries in relation to developing the CO2 EOR potential for the benefit of Trinidad has allowed the Company to progress discussions with several in-country operators regarding expanding our CO2 EOR business.
Some of the funds raised will be used to:
-- develop a new CO2 EOR Project in a different onshore oil field in Trinidad;
-- evaluate the expansion of the current Inniss-Trinity CO2 EOR project to include other areas of the field.
Good - and that’s the spirit... the next news will be very important be it Trinidadian plays, news on P1 or combination of both plus clarity on finance...
Agreed and good luck as this one is slippery which I imagine most readers can see with our help... it’s good to stand up to these faceless bullies but it’s interesting to read reactions from interested parties.
And for clarity NO HARRY my post is NOT aimed or talking about you.