Member Info for IanKellett

What he said was they were focused on the disposal not on seeking to re-consolidate it - effectively he's saying in the event of a peace agreement in Ukraine they are still aiming to sell their stake. He made reference to there being about 12 markets involved - I read that as a former CFO style answer (just my read, could be wrong) in that he was talking about 12 markets having to undertake to consolidate Rosneft in their own financial submissions to BP centre.

So, in the event that it was actually disposed (ie they find an buyer on acceptable terms), and sale proceeds are 'cash' rather than some forms of funky paper, then yes there would be cash disposal proceeds, but I am not holding my breath, and he didn't imply anything imminent nor even active about the disposal process.

Yes I gave you the answer below

Still focusing on disposing the Rosneft stake, not on looking to consolidate it in the future

Thanks, found it.

Auson,

Is there a transcript available of the Q&A call? I looked on BP IR website yesterday and could not find a recording of the call.

BP is the worst performing FTSE 100 stock over LTM and oil is $75. Remarkable.

- I am not in possession of UPSI

- I do not know JD, we have never met

- My average in price is a matter of public record, and it is not 35-40p

Ian Kellett

It was others who were bemoaning, I offered you a lead and a way to solve the problem and improve matters. As I say, the rest is up to each of you. Who will go first?

To my point of my last post, my name is Ian James Kellett. You have had video of me posted on this site, you know where I live. I have done you all the decency of saying who I am and I leave the rest up to you to reciprocate.

Personally I believe the vitriol on this and other such platforms, that has been bemoaned on here in recent days, would be virtually eliminated if everyone used their own names, and stood behind their own words. So it would be up to each person on here to change their pseudonym for their real name. Then I would know who I was speaking to. I have tried to show the way. You could then make this into a more powerful exchange of views and it would become much more useful and meaningful.

Pleased to be of service. It seems quite a few folk have taken quite an interest in my position.