Member Info for FiremanSam1968

Nico

I did have confirmation last night it was still going ahead on twitter, I am hoping he releases this after a morning RNS like last time, as it was pre-recorded the day before. Fingers crossed!

GLA

Its still on just had confirmation from Malcy !

When are they reviewing the COVID restrictions again in Morocco was it the 10th Oct an extension on the 10th Sept, as confused that PG saying they are still restricted but news articles saying that as long as an invited they are open for business?
Agree Hull time to accumulate more at these ridiculous low prices!

GLA

Why we have to read the BPC RNS in order to get an update, is pretty poor Paul, this would have been better off coming from you or even that company called Flagstaff you employed! Mmmm.

In relation to BPC's Inniss-Trinity asset, in accordance with the Well Participation Agreement ("WPA") entered into in November 2017 with Predator Oil & Gas Holding Limited ("Predator") (and as subsequently varied by mutual agreement), by 30 September 2020 Predator was required to enter into a share purchase agreement ("SPA") under which Predator would acquire the corporate entity that holds 100% of the Inniss-Trinity asset, for a consideration of US$4.25 million. The Company advises that BPC and Predator have not entered into such an SPA by the agreed deadline, and accordingly, this aspect of the WPA has lapsed.

The Inniss-Trinity field currently produces approximately 150 bopd, before any incremental production arising from increased operational efficiency and / or the application of enhanced oil recovery techniques. BPC retains a 100% interest in the Inniss-Trinity field and will continue to review the application of a range of enhanced oil recovery techniques, and seek to undertake further reservoir enhancement work based on technical merit and as commercially justified.

Morning All

Interims out for BPC today not much mention of T&T no doubt this should be clarified soon:

In terms of profitable production growth, producing assets in Trinidad and Tobago (as at when they were incorporated into the Company consequent on the merger with CERP being completed in August) were averaging production of between 400 to 450 barrels of oil per day ("bopd"). The Company is targeting achieving a stable and sustainable production level of approximately 500 bopd (net) by the end of 2020, and programs to deliver this outcome have already commenced. This objective is, in our view, readily achievable, based upon further leveraging of the existing well stock by increasing the number of wells online.

GLA

Good news over there for BPC shareholders the drill is on the way, where are we with ours Paul?
GLA

TDL
I agree, once news has arrived initially, will have to keep the news flow coming and i hope where this is where Flagstaff will come in as they haven't earned there keep as yet and it does make you wonder why they are here otherwise!

Hopefully this will change and once we either get news on T&T and Morocco they will start a steady flow as its that which will keep the share price momentum going forward, otherwise its just going to be people taking profits and back down we go! As Paul is the biggest shareholder i am intrigued to know his exit strategy and how he/us will get rewarded on the sale of each of the assets ie a special dividend, but then as we discussed before could then have a divi tax problem as opposed to a CGT issue or vice versa?

Either will be a nice problem to have by the way!

GLA (Hopefully nearly there!)

Our 250k seller back why this is happening with news pending in next few weeks is crazy as they have gone through as delayed, but better get them through so when news does arrive we have a good run up :-)

Agree MMM also wasn't a conference call mentioned somewhere along the lines?

Lots of news pending if this goes ahead then, mobilisation of rig and up to 30 days to drill, along with all that's happening in T&T.

Exciting times ahead!

GLA

Hi GRH

Yes saw that, i suppose Thursday or slightly before they will confirm officially like last time, lets hope its all systems go otherwise no doubt another month!
GLA

Just picked up a 250k not showing yet, should help the seller out!

Wacky

They will review restrictions on the 10th September, probably end up delaying another month but Paul did say he expects to start in October anyway, so not long now.
GLA

Get rid of this seller out there, and on news which shouldn't be too far away now we will hopefully move north can't see it doing that without news, as every time there is upwards movement the seller sells into it, the MM are happy to take it at this level though so fill your boots!

GLA

HI Bob

It will stay at this price all day I reckon as its a bank holiday :-)

Enjoy

Agree MMM as i have put two orders in for 108k and a 50k already got the 59,805 through! That's me up to where i need to be now fully loaded and ready for news:-)

Zebra04 - That was a delayed sell from the 21st check the date? But good riddance anyway, onwards and upwards.

Confirmation of no fundraising, well done Paul!

Share price movement or speeding ticket!

Agree TDL, news required but can't be too far away as Paul said a couple of weeks which is now overdue hopefully he is sorting out the FRAM deal and then flow tests and a conference call to wrap it all up, any order will do but steady as she blows!

GLA