Member Info for GarryGraham

A very good friend of mine wants to buy into BPC as I’ve bought into them and he fancies a punt. As I see it there are three different scenarios in relation to the board of directors and the future as a small investor in Bahamas Petroleum Company Plc. Scenario 1- worst case scenario. It’s all a scam and the small investors who have being manipulated and taken for a ride over 15 years by a group of directors selling an idea that there is somehow oil in the Bahamas whilst the BOD have been issuing millions and then billions of shares to profit personally. Potter & co whilst forever delaying the actual drilling of any oil and then persuading small cap fellow AIM listed oil companies to naively buy into their vision by buying shares in a fantasy as dust flies everywhere in the Caribbean. Time for the BOD to go into hiding and Mr Koot to go into hiding with his millions. Scenario 2 ( Most probable) the board of directors are reputable experienced and genuine individuals who are issuing billions of shares in genuine funding strategies. All the work they have done has been with the best interests of shareholders but sadly it’s a duster so are using cerp assets as a more viable plan B in which case Cerp shareholders have been poorly advised by Mr Koot and his gamble has failed . SP dives On news of dust and at best stays around 1.25p for the next 3-5 years. It was a punt as we all knew but the horse fell at the final fence in the Gold cup but Potter & co did well to get it there. Scenario 3 ( what we all want) - NO repeat No more shares are issued. The drill is finally fully funded. No farm in (or at worst for a small percentage) is needed and Viable oil is struck in all oil fields in the Bahamas between 750 m - 1.3bbo. SP flies up to 30p and the oil price rises post Covid and a major oil player comes in and offers a great price as an exit strategy and Bpc are swallowed up and all us small investors are sat in the Caribbean raising a bottle of red stripe to Meesrs Potter and Koot. Take your pick. If anyone is offended by the above don’t be I’m in to BPC with a good chunk of my savings as well but I’m a pragmatist. Feel free to call me an idiot I accept all opinions.

Topped up with more this afternoon as was my intention if it fell below 2.5p - happy with averaging down. Confident any investors under 2.5p will make money on this stock. Hold tight though it could be a bumpy ride.

Willec I am certainly not going to sell I just cant see the point. Im averaging around 2.4 which I am happy at. I am happy to buy in again at any price 2.5 and lower as I can only see this going North. I think it will be around the 6.5p - 7.0p pre-spud and then much higher if they strike. I believe it will almost certainly lead to 3rd parties taking a solid interest in BPC and then the SP could rise again. I may take my stake out pre-spud I may not. I am not a day trader as Mr Market Maker appears to be I intend to be a LTH in this stock as I am confident in the board and their strategy. It may fall again before spud but so what I see it as just another opportunity and I for one dont want to show a small profit when the ship has left port and I cant buy in again I have done that before and it hurts !

Im really interested in buying into this stock as I think long term it has potential but it is a very high risk share. What I like about it is the fact that it appears to be a stand alone product. I dont know anyone else who is offering loans by guarantors. I read the RNS yesterday and it states that the lending has been suspended and their appears to be all sorts of dissatisfaction with the board. A friend of mine was contacted by an ambulance chaser and the claim firm has successfully got about £3k in his loan for him. How many more of these are out there I dont know. I am intrigued why the website appears normal and yet the company are not lending is this to just keep up their presence ? My view and I am very new to this share is that the SP could fall to as low as 5p but the world is going to need finance and loans to survive in a post covid world and if Amigo can clean its act up and have good leadership and the amount of repayments to existing customers is not overwhelming I am of the opinion this could be a strong Long term share to have in my portfolio. Im big into BPC at the moment so any profits from that I may pump into Amigo once it starts lending. Any advice on this share would be greatly appreciated.

MR MARKET MAKER what price do you foresee it falling as low as. Its just that I and a friend are looking to buy again if its gets lower. I am intrigued as to how low you feel this share will get pre-spud. Im not here to disrespect you or argue or agree with you im just here to listen to your opinion as I am open to all views. GG.

Only BPC - totally agree with you. I am not a LTH as I only bought in the last few months just above the 2p mark but I will be buying in again at anything around the 2.5p mark which it may drop back down to before it rises again like a phoenix. I am confident BPC is going to be the nice end of year present for all investors in what otherwise is a dreadful year! All the ducks are in place and the BOD are extremely focused and I believe having Leo Koot onboard only strengthens the company.

I am quite happy to see this go down in the short term as I am going to pump in again. Anyone who has bought in to this stock at current levels and especially around the 2p mark :) is sitting pretty. If the stock goes down and people are looking for a quick short and a few bucks well good luck with that one but that is far too risky for me. This stock is heading NORTH make no bones about it. Years of astute planning by very seasoned experts in the oil industry is coming to fruition, funding has been raised and the Bahamas oil field which is one of the largest untapped oil field in the world is about to be drilled with a date set. Get on quick before the ship sets sail is my advice or you WILL quite literally miss the boat called Stena Icemax.

I believe with the recent RNS of the confirmed drill date and the placement of Stena Icemax this has suddenly become a tantalising prospect at this price. The SP will surely be well above the current price come December. The chance of success is estimated at 30% - 35% but Oil analysts will rarely ever give a higher COS percentage. Pre-spud it should be at least 7p and I believe with a successful strike this could hit 30p. Interesting times ahead. If the SP falls back again I for one will be back in as it’s a no brainier. Worse case scenario it’s a total duster in which we will to rely on the Suriname assets and other oil fields which may take a few years to recover to today’s level but BPC does have other opportunities. Best case scenario we hit recoverable projected oil targets in P1, other fields in Bahamas produce oil, further oil discoveries in South America and suddenly majors become involved and SP rockets up. All scenarios are on the table but Fridays announcement surely adds weight to BPC as a future oil champion in central and a South America as Mr Potter has proclaimed publicly.

In4cedros - apologies mate if you thought I was telling you to buy, I would never do that to anyone.

No time to panic. I see my strategy as follows. If this dips to just over 2p I am buying in again. Im continually trying to increase my shares whilst picking them up around the 2p to 2.30 level. I think its a no brainer. BPC board of directors are probably working through a **** storm called Covid -19. It may get delayed again due to Covid 19. Dont be suprised in which case the SP will fall below 2p to probably around 1.5p which is the time to sweep up more shares. This will go ahead but the BOD have had to jump through hoops after hoops. If you dont have faith in the board just move on, if you do buy more shares whilst it is low you will probably make more money even pre-spud. This will not be delayed indefinetly. Look at a fall in the SP as an opportunity rather than a catastrophe. I think we have a first class Board of directors including LK and I am confident they will deliver. The problem is we live in strange times which is out of their contol.

I am trying to look at it from a neutral point of view. I am happy to continue buying as long as the SP is around 2p and maybe up to 2.5p at max. My theory is this and it may be stupid and nonsensical. If the majority of my shares (and I am in for just shy of £20k which is not a fortune but it is significant enough for me as a PI ) are priced at 2p and P1 is a duster then the SP is so low that I think within 3-5 years it stands a good chance of at least recovering to that amount with the other assets and oilfields they are drilling if the Caribbean is a sea of dust and the share price goes down to say 1.5p or even lower. Therefore this period of uncertainty is what I expect. I think BPC and the BOD have bought CERP and their tangible assets as a backstop in case of a failure in the Bahamas. Bascially it is plan b along with the other fields in the portfolio. So in the worst case scenario if the price is as it is I would recommend a strong buy because I believe it will recover to the level of 2p if the Bahamas Oil fields are a total failure within 3-5 years. Secondly, I have watched a lot of videos and I am of the belief that they will be successful. At what level I do not know. I don't believe L Koot would have sold his shareholders up the river without a paddle on a hunch the man is no fool. I could be wrong he could be a Charleton as the BOD may all be but my gut feeling is they truly believe there are substantial amounts of recoverable oil and gas in the Bahamas oil fields. If this is the case then I can see the SP being a 10 bagger and the SP jumping to around 24p or mid '20s. There is more than one oil field so the likelihood is there is further oil in theses other fields. If they announce this along with interest from a major or other promising news then the share price may go to as high as 40p. So like I say, it is a risk but I don't think the risk is as big as some of those on this BB are making out. Look at the big picture for LTH and as the SP is so low it may be a blessing and a time to make money before the "lid comes of the steam cooker" ! GLA and DYOR. Have a great weekend GG.

Incendros, I do actually appreciate a balanced view and welcome opinions from all sides including those who think this share is rubbish providing they are well researched and fair. My question is this- one of the earlier posters last week brought up some very interesting points in relation to Rockhopper. At one point Rockhopper Oil shot up to about £5.04 on an announcement of a major find in the south Atlantic back in 2010. I know its fallen back to about the same level now. My question is why did that SP rise so much and what stops BPC from doing something similar or even a rise to a £1.00 in the event of a major discovery followed by an RNS. Bahamas Petroleum has stated the potential levels which could be found in the caribbean exceed the amount Rockhopper found. I welcome all points of view. I am a total novice so if my question is absurd or naive please tell me and I really wont be offended.

Its like this. It is very simple. Bahamas Petroleum Oil hits oil and has the funds to get the oil out of the Bahamas and at the volume it expects. In which the SP which it currently stands of 2p is the bargain of the century or it hits dust and we have all spunked our money. It basically boils down to that and the answer will be by February. It is a very high-risk share. Simon Potter the CEO states words like "Caribbean and Atlantic margin focused oil and gas champion”. It could all be BS. He states on the website that will see drilling targeted for late 1Q2020. By then the SP should be about 1p a share. This is a punt nothing more. Everyone including BPC know it. If it hits oil great, if we are still here this time next year then forget about coming on here its over. I still say Risk to reward its a good buy at 2p as 1p or 2p or 3p its irrellevent, if it strikes major volumes in Q1 the SP will be more likely £0.30

As a shareholder in BPC I have listened to podcasts, videos by CEO, and other board members. Everything is irrelevant if they cannot find oil in P1 it is as simple as that. The board of directors can have as many PowerPoint presentations as they want but something tangible has to be shown sooner or later. That tangible product is called oil. If they don't find oil sooner or later they have nothing. They can have as many licenses in the Caribbean and Central or South America as they like and offer business and financial presentations to shareholders but if they don't strike oil the company is worth £0.00 - I might be stating the obvious but that is how simple it is. Its time to deliver the goods to shareholders and become a viable profitable going concern in the oil industry or get out and stop pretending you are the next Royal Dutch Shell or BP. Of course, as a shareholder, its a risk like everything else but I feel we are coming to a crossroads which will determine whether or not this is a great investment or an Indian snake-oil company! The directors seem very confident. I guess we have to buy into that belief as shareholders.

I can't understand why anyone is worried that has invested in BPC. There are two scenarios, the first one is you will probably lose all your money on a very risky bet in an oil company that has yet to strike oil or the second scenario is you will make money maybe 4 or 5 times your original investment. This share is a very very high risk share. Everyone who has invested in it who has at least one brain cell knows that including me but its fun whilst it lasts. Enjoy the ride and don't lose your sole if you lose your shirt.