Member Info for harel

yet another 2m shares has been traded yesterday.
i think most of the options are in the hand of insiders which secure about 50% of the votes and hopefully not to many sh will vote.

"Read pg 22 of the information circular.  Votes have to be in the affirmative.  There is some info on same page about options I completely disagree about.  How can options that are way out of the money and not excercised have the same rights as shareholders?  This process may end up being a real education for me.  Probably shouldnt be investing on the stockmarket if things like this let white collars walk away unscathed and true investors get nothing."

its a common thing for drilling companies to sign a "f.o" option agreement to secure work for a worst case scenario's, but that is usually all it serves and on 90% of the cases these options are not realized and in this case as the well is funded and got the "green light" no reason for stena to use its option.
i agree it holds a bit of downside but the most important thing is to get the p-1 well rns'd and ride the hype or for the long term investors to go all the way for results.
topping up as i write and will avg. up to 2.25p.
GLA

no, i expect news at the second week of november as stated by RP conference call.
they are suppose to TD as we speak so if news come B4 end of the month its bad news, initial tests, if its a good outcome will take 2-3 weeks and then we will get primary results which will be followed by a full 34m$ geological analysis which will take 8-10 more weeks and will keep the stena on site till jan.
if the updated mariners will state that operations will conclude mid november its good news, if it will state jan 2021 its great news.

on afe's presentation they stated a potential near term drill on the osprey prospect at eco's adjucent block in namibia, please ask if that is an option and if they have a f.o partner in discussions.
also ask if they would sell out if the right offer present it self.

states end of operations on the 20/10, that means we can expect the more accurate completion date soon with an updated mariners notice extended to the second week of november.
my guess is they are TD'ing as we speak.

some big buys at 0.35

Why do you think im in till spud?
Im taking a risk you are not aware of, a risk of no drill..
You are very hatefull, i think its clouding your judjment.

Ross,
Your previous post was great and your trading strategy is much like mine in regard to bpc.
Hopefully this share will hit the 4's by december if the percy-1 will go ahead which is still 50% by my view, if it was rns'd as a done deal and that was the sp then the hype is 2.4p, but the market is waiting for an official release.
I mean no disrespect to investers that are waiting for percy-1 for years and has been diluted again and again, and the cos of this drill is very high for a wildcat, but after following from the side for years waiting for the moment to trade the hype this is my strategy and at the same time i wish the drill will be successful for all retail investors.
Star, realy appriciate the information you share on this board.
GLA

Between the serious investers with whom there is a chance to discuss about the risks going forward and the herd that doesnt have a clue and dont understand even the meaning of what they read so all they can do is curse who they think is the bad guy, pathetic!
I am new in bpc and do need to research a lot to know the company like the main posters here but i would guess im probably one of the most experienced ones onboard.
I run the most popular oil and gas forum in israel for years and just this morning recommended to follow bpc all the way to spud.
"spud results" is not a clear term, as explained spud is the day the ship arrives to the drill destination and drill results is when drill and tests are complete, the question of what posters meant by "spud results" is an obv. One but the lack of basic knowladge of the herd attract cursing style posts, these posters are pathetic!
Harel

Garry, can explain what you mean by "successful spud", do you mean successful drill results or drill is ongoing?

star,
i think you are the most influential poster on this board, can I ask why are you not taking in account the option of bad results at percy, according to the cos its more likely they will not hit a commercial discovery or a to small discovery for getting a farm in partner on board, dont you think its fair to write as well that in a bad outcome all of you will loose your money?
i know you will still have saffron but the company will be valued at around 20m pound for years..
a lot of inexperience pi's here filter me and say im a deramper, its funny how people can believe what they want to believe, im invested here just like them but that doesnt blind me.
bpc is a dream investment with multi bagger upside potential and a risk of the same magnitude.
are you serious? 1b$ on spud?
4-5p on spud and you should all be celebrating, if they will spud this year which i give it 50% chance just because im positive stena will not jv and going for percy alone is risking the all company, but still i give it 50% because they stated they will (to raise funds).
gla

As explained s-2 is dependant on a farm out deal with the drilling company, not a common deal but not a first as well.
They cant find an oil company to farm in at saffron or percy.
The only reason i think they might close the deal at saffron is because they just said news are due.

Bry, the p-1 is funded, i said s-2 and p-1 are not, they will have to choose and will go for the only reasonable option by my view and that is s-2, but i could be wrong.

Bpc is not funded for s-2 and p-1.
No rbl is possible.
Cerp came with around 20m$ debt if i remember correctly.
Stena jv will 90% not happen.
You are all confident that p-1 will spud this year because they said spud before christmas but no rns confirmed that.
I believe they will go ahead with s-2, will wait for the rns and will sell.
Wish you all the best and a billion barrels on percy.
Gla

two "big" buys at 0.39 around 15000 pound.

Will be toscana related, the vote has already began, results are due on the 27's.
The toscana deal holds a big upside, big tax pool, a platform, 1000bbopd with fast track for 2000bbopd and paves the way for a rbl and/or another acquisition.

It will be very interesting to to see what is the development Plan for canada, i wonder how many bbopd they can produce through expendtion.

Their pilot well was suppose to be the first well which they preffered to save a few bucks on the updated 3d and drill out of place then drilled again at the same spot (500m away) to spend all funds and hit a duster.

Is the nearest term catalyst, on the 27's the vote that holds tens of millions dollars gain through infrostructure, reserves, tax pool and secondary listing, at these levels its a steal.