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Appendix is obsolete since we stopped eating nuts and berries as a staple diet.
A quid for your liver tho as mine is becoming abused thru waiting for BPC to come home.

Succinctly put Jim.
Nice one!

I actually think this is still being manipulated by the narcissistic “Special one” to prove himself right.
Hopefully the volumes pick up soon as we approach 11/10 and he gets blown out the water.
Couldn’t happen to a nicer bloke!
GLA.

Great insight Jim.

OK
Was a bit previous as Mrs IK says.

Patience will prevail IMHO.
GLA.

Spot on Keith.

I wouldn’t be surprised if “specialist” (sorry can’t use a capital) isn’t trying to narcissisticly sell some of his “50%.”
Maybe a stretch but wouldn’t put it past him in thin markets.
As we get to end of 3rd qtr new dynamics will come into view:
11/10/20 key - if we sign - which I believe we will as we have significant funding already agreed - £10+ mill- the SP will rise.
There is still potential for a consortia which I have always favored and thinking out the box possibly for majors to participate without owning the liability.
Potter is committed and will drill.
Oil or no oil is the ?
Place your bets - I already have.
GLA.

Go.

Good post P_I.
Nicely balanced.
GL

Hi Dealer.

So much to consider as Posters have outlined.

IMO:
This is one of those once in a lifetime opportunities.
Yes a binary bet on oil or no oil.
Alan Burns who initiated BPC was recognized in the industry as masterclass and proved it on several occasions.
He was reckoned as good as it gets (paraphrase).
Appointed Potter as CEO when unfortunately he was on his way to hopefully better things.
Potter was his number 2 so I believe that speaks for itself in the context of expertise.
Nothing has really changed in 10 years except geopolitics/local politics/enhanced technical capability to de risk the prospect.
The prospect is 3.3-28 billion barrels. CPR - Moyes/several oilcos over many years - technically incapable of extraction at the time due to inadequate drill techniques at depth.
The Chances Of Success are 25-35%.- verified CPR.
The tax take is 25%
The price of oil is circa $60 and looking firm.
The cost per barrel of a drill is $30 max based on recent rig deals.
Ergo $30 pre tax for delverability.
People will NPV it and rip the numbers apart based on this and that.
The bottom line is that if we hit oil in reasonable amounts we are in clover.
The dilution will be irrelevant on a decent strike.
The question is .....are you in this to discover oil or trade for a few bob.
If we discover oil this can change people’s lives
THAT IS THE QUESTION WE ALL SHOULD ASK OURSELVES WITH THIS ONE.
Personally I have been a trader professionally and personally all my working like and this is the first time I have ever decided that I am seeing it through to the end .
I expect BPC to be bought out late 2020/early 2021 with a £ sign in front of the price.
For full disclosure I hold several million shares.
GLA.
P.S.
“Under starters orders”
GET SET!

I don’t know about a lift but God is definitely stuck with him!

That Brunello sure has a kick in it!
Good night Sir.

Almost as good as Amarone however in your neck of the woods I love Muga!

Actually P_I my mum used to say that as well and she got it from “Thumper’s” mum in Bambi.
“If you can’t say anything nice don’t say anything at all.”

To be honest P of C you may have got the wrong end of the stick re the 6p saga as per cause and effect. However I would also like to say that you have steered very well since 1.2p in your prognostications. Almost to the point where I thought you might have a direct line to The Almighty. Well now I know it was to his son.
Keep your chin up mon ami and Special One please play nicer.
By the way I fully expect the wrath of God on me now!
GLA.

On your marks!

Thou art truly a wise man Jim.

Sorry about the ancient speak - for the special one!
GL mon ami.

Well looks like in the event of a news vacuum everyone is guessing including the special one!

Simon to me seemed pretty fed up at the oil conf in terms of the majors not making up their minds. (My analysis of his attitude).
I read this as a possible indication that the “exclusive” didn’t walk but is constantly prevaricating.
Hence let’s force the issue with our own funding strategy.

If we issue double amount of shares @ 1.50. we drill at least one well.
If we do not succeed then nothing has changed for 10 years of waiting.
If we do succeed which is what all LTHs are in for we are in clover.
The rest is immaterial.

So as we are all guessing.
My predictions:-

Oct 12th 3.75p
Dec 31st 5.25p
Jan 6th 6.05p
April Fools day 50p+.

GLA.

P.S.P.I
My post was in no way aimed at you. You are the true Messiah in my eyes!
GL

Thanks again Arma, much appreciated.

Many thanks Arma.
GLA.

Agreed Keith.
IMHO if resolutions are passed then we definitely drill.
MAC/BP will have ensured underwriting for new issuance/alternative financing as per previous cash raises.
Although share issue may effectively double we can correlate that to last year SP increase to
7 1/2p on “major” announcement.
And that was only on exclusivity not definite drill.
Folks will say what about EA permits - Potter effectively said that is a rubber stamp exercise now based on rig/site/etc. details.
We will be locked and loaded. And no this is not a ramp - it is what I believe has been in train since Spring last year and is now coming to fruition.
GLA.

Special one I was responding to Dubed not you mon ami.
GL.