I DO NOT GIVE A HOOT11 Aug 2020 11:20
Good morning
About the involvement with BPC it is a take it or leave it offer, to a company that has debt and still requires further funding for a very risky deep water drill. If they turn us down, why worry, I bet Pauls phone has never stopped ringing with enquiries about EOR, he holds all the aces.
As for the results, lets not forget, Paul stated that before they can be done, further regulatory procedures had too be gone through and he hoped this could be done quickly.
It is very odd, that we are or have been worried about BPC., with 3.352m shares in issue and a MC of £85m and over 10 years into a project and still not drilled. Yet Paul has better projects, can arrange further EOR without dilution to shareholders, no debt, so holds the upper hand?
Take it or leave BPC and Paul will move on, he is the master of EOR in T and T. If you take a close look at BPC compared to PRD who is more worthy of a £85m MC I know where my money is..