Member Info for Ibiza28

If correct could mean HL running dry ????

Yes i think i was at school with her but probably several classes above me.

I am new on here but please let's not start panicing just yet i have had on other BB and all it does is price everything downwards. They have just come out of a lockdown, We are in the middle of another pandemic scare, it is xmas time over here and their main celebrations are around the new year time with public holiday on 29th December and i believe they celebrate the new year more than xmas. So IMO nothing will happen till first week in January at earliest. If nothing happens by end of January then i would start to worry. Just IMO

As i see it unlikely to have EL any earlier than first week Jan.
They do not celebrate xmas as far as i understand but we do.
They do celebrate new year plus the 29th is a public holiday so i can imagine not much will be done then.
I would assume that this would be dome with our lawyers out there as no one will be travelling much at the moment and also a zoom meeting would be needed to be arranged. Then of course if it can be done by zoom then anything could happen at any time. But my thinking is probably week beginning Jan 4th.

Ok i am in for a few as it looks too interesting not to be. What people here think the upside here is in the medium and the long term once we have the license agreed.

I am just bought up a few shares. Quite frankly the price looked too good to miss out on. But you were above 2p before pandemic so i see no reason you should not go back to that level in the near future. We just need the get the world back to normal and the earth back on its axis and then i would reckon we should rebound. Not overnight but in time.

This share will come good i feel. Anyway if F*** happens with Bahamas then the finance is in place to start expanding on Saphrom and the value of that by this time year is roughly what this price is now, after all the dust is settled. I agree with others on here that once the Bahamians get a whiff of what they are really sitting on and what it could do to their lives they will very quickly turn. At the moment it seems like a country of have's and "have not's" and the "have not's" are not getting much of a word in and the "have's" are full of people who enjoying visiting but do not have to live their. A shed load of oil could well change that.

I have had another look at the the RNS and would point time frame and use of words. The RNS says it has an "Option" to take up another 5m after 10 days of Spud. It does not say it "will" take up 5m at that point just that it is an option in the same way the CLN was an option that got kicked into the long grass eventually. And why 10 days. My guess is that after 10 days the BoD reckon they will have a good idea of whether they have or will have struck something. No much would be my guess to cover 5m but this will be i think a first sign of something more substantive than just wishes. IMO

As of a minute ago the trading shows a sea of red (which Moses would struggle to part) yet the price is up 3% on the day. Someone who is a trader please explain this logic to me as it is a bit baffling. Surely a computer can recognise a sell from buy.

I have always felt that BPC would be sold on subject to a decent find. That is why i do not feel the diluting of the shares was too much of an issue for them as they knew it would be moot in the end. The BoD track record indicates they build up companies and then sell off the only question is now is would a major be interested still after the words from the PM etc. and would we have to lower our price to major fro them to take the chance. Personally up until latest words from PM i felt that the deal with a major had already been made subject to the find. Just slot in numbers one final run through the contract and sign. Now however i think the BoD might be getting nervous of that major coming on board or that major is getting cold feet and that is why the placing as they are uncertain of sell. Your thoughts please.

If they are coming our way they had better be quick. I mean we went at 7 knots and it took 3 weeks they are travelling at around 5.5 knots at a guess so that could take another few days on top of our time. If it comes our way sometime in early January we would be well underway.

Use A sipp as another alternative. Sets up your pension. The govt gives 25% on top and you get out 25% tax free.

Isn't the RNS a way of ensuring funding for Persv 2 and Saphron and other enhancements whilst we have the capacity. Also if we do strike it big with P1 would we need to take the rest of the deal. I think this is a way of ensuring we have funding if the well turn out to be a duster. This has been mentioned on this BB before "where do we go from here if P1 a duster. Well now we know. Saphron, enhancement of T&T, work on Uruguay and P2. To me it ensures a down side future. If P1 comes out in excess of 1.2bn barrels then i would the whole dilution argument becomes moot as who knows what the share price will be.
The BoD (IMO) are convinced they are going to hit it big as otherwise why go through with all of this pain and agro from here and other places they would have just done a farm in for what ever percentage came their way and taken what they could and moved forward. We are not a one trick pony any more. Ok second trick is not as great as the first one but it is nonetheless there.

either 5 or 6.

Roughly the same questions i have been asking but am led to believe that Minnis actually signed this agreement. He came to power in 2017 and that is a few years back now. Am told this is political posturing (of the worst kind) we seem to be getting a far more positive vibe from leader of opposition to be honest with you.

I thought there was meant to be protest in Nassau over the drilling yesterday and you would have thought that RABL and the save the island mob would have had pictures all over their facebook page but could i find any on the RABL facebook page no none at all. If they are that active i would have some one would have posted some pictures of it. Maybe i am missing something.

Somehow that does not feel right. Everyone should have right to buy and sell shares if possible. Sitting here as a shareholder of a reasonable size i am not totally comfortable if only the mega rich are going to be able to partake. No wonder they feel disenfranchised.

If Bahamians cannot buy shares what was the point of the Bahamas Mutual Fund that was set up in May i think it was. I thought that was a vehicle to ownership. Must say personally as an outsider it seems a bit strange to stop / prevent or disallow share ownership.

My view is that the share price predictions by Investec are probably right but with one enormous caveat and that is there are too many shares to trade up to it. In other words people will buy and sell throughout and the share will i think flatten around 75% of the predicted price. The one chance is if we strike it big, which the i think think the BoD fully expect to do, and then sell on the field or the company in which any number could come into play. I am working my calculations around 30-35p becasue of the propensity to trade and manipulate this share but also do not surprised if it goes through the roof.

From what i have read there is likely to be a protest today from the RABL and Save the Islands group would be interesting to know how many turn out. The bit that worries me and the effect it is going to have on any major is the very equivical stance that the PM is taking through all of this. Sounds as if he is getting cold feet. As we say "If can't stand the heat get out of the kitchen". The oppositions leader sounds more pragmatic lets find what we have then make a decision. But would love to know who can afford to ignore possibly >20bn barrels of oil when have debt at 100% GDP and an economy devastated by a hurricane and then Covid 19 and no sign of recovery at a guess till 2022 now. That is a helll of price based on a principle. However easy one to make if you do not live there.