Member Info for Interestking

Hi Dutch

When you say “US playing politics” what do you mean please mon ami?
Thanks .

Thanks JC - fair and balanced response.
GL Sir

Very welcome Paul.
GL.

Hi JC

So where do you think the sp will be if there is a “proven strike” mon ami?
GL

Paul.
In my opinion if you bought them a few years ago then the prognosis has only really improved for this investment.
If you bought them @ 3p you will have seen a probable spread of 0.5p - 7.5p during your investment timeframe.
This is still a very risky share to be in, although less so than when you bought, as the synchronization of the following has significantly improved the potential for a JV:

Oil price rise.
Rig costs significantly reduced.
Offshore drilling politically derisked.
Macquarie involvement.
Multiple interested parties with NDAs.
Simon Potter @ AGM talking with implied positivity for first time in several years.
City investment in various recent offerings.

As with any AIM investment you should be prepared to lose the total investment.

As you are already in it and probably have already seen the near wipeout scenario I would stick with it.

The upside potential is large and most LTH serious investors believe that on a deal being struck the sp will be 20p+
The anticipatory sp will rise pre drill and if spud is successful then anything is possible based on technical data provided and validated by professional 3 rd party - Moyes.

Realistically on a proven strike - 50p to £1

FOR GOOD ORDER
I declare an interest.
I am authorized to give investment advice.
You asked for advice in sincerity and I give it to you with best wishes.

Remember never invest more than you can afford to lose. A baby steps approach to investing is always the best way.
If you gat 6/7 out of 10 right you are doing well.
8/10 would be a great one off year of trading - only happens a few times in my experience.
9/10 you’re a liar.
10/10 you are The Almighty himself.
Good luck Sir.

Hi Keith:

Storm in a teacup
Storm the barricade
Money storm

LOL & GLA

I agree Sc. I too am feeling something is about to happen.

I cannot move away from from my gut feeling that the exclusive major HAD to pay up to join the party as they were not the preferred partner which I still believe is Shell. There has to be other interested parties for exclusivity to be required.

Possibly they are happy to advance proceedings now having evaluated the data/politics etc and have put forward an offer to BPC to take back to other party/s for multi JV /consortium negotiations. Therefore ending “exclusive nature of negotiation” to allow discussions with others was required.

I still believe that having come this far BPC will want to fully participate in the venture and will do a cash raise so to do to be an equal partner. Let’s face it, although a bit naughty, the wording of the RNS mah have been deliberately so as to drop the SP in order to get financial institutions in at a more enticing level to raise the required funding?

Hyperspeculation:
Are the majors and finance lined up ready for signing on the dotted on Thursday am. Post 0700hrs RNS time and pre AGM time to allow announcement to shareholders at the meeting.

Now that is a conspiracy theory and yes I am LTH as you all know and have a vested interest. However you will also know from this board I am very much a strategic trader and not a ramper/ deramper.

All IMO and GLA

Thanks for the apology.

Oh dear Predator - sometimes it is impossible to help some people.
You must be a very bitter and twisted individual to come out with the vitriol you spout.
I’ll leave it at that as I do not want to plumb your depths.

Perfectly summed up Jim!

Scully I have unfiltered you as you have become much less excitable and realize less is more. Thank you for listening to good advice from the LTH on the board. Some good stuff from you thanks.

Jayflash please heed Jim’s advice and do not spoil the B.B.. I suspect you are quite young and relatively inexperienced (advice - yout spelling/typing deteriorates after midnight/pub visit.) If i am wrong i apologies and i am genuininely concerned the you may lose big time here as on the right news this wil 10 bag and your stops will be useless if you are short.

Of course we LTHs may be wrong and you may be right in your assessment - that’s what makes a market. However Jim sums it up, we make our decisions based on facts, experience and investment strategy I.e. mixed portfolios. BPC for example is 10% of my “high risk” portfolio. My high risk portfolio is only 15% of my overall portfolio.

GL guys.

Jim
Thanks for your input in the last 2 posts.
Useful balanced evaluation as always.
Good w/e Sir.
GLA.

MG that was written a few hours after THE RNS. The writer cannot possibly have any more information than the rest of the market. Like everyone else he/she is speculating - journalistic license at its best.
GL.

Come on guys nearly got my buy order filled @ 1.7p - please try harder!!

Cheers Boss.

Bob this is going to sound really weird but I have never felt the need to filter anyone so don’t know how.
How do I do it for the first time in 40 years please?

I wish I had an ounce of whatever he’s on and it probably explains why he posts 24/7.
I was giving him the benefit of the doubt but that last diatribe just blew it —— actually that’s what he’s been doing!!
GL Bob

Scully as you may recall in response to your ?? Last Thursday I suggested that Friday would be a non event and it wasn’t. I also responded that on no news on Monday the shorters might take this down towards 1.7p.
I have a buy order in at that price to hopefully take advantage of this weakness.

Davies you will recall that in January when it was <1p I suggested 8p was on the cards ——— well I am predicting that again sometime in September.
GLA.

Well done Bob.

Yes some new strategic holders, however vast majority here are long term holders (5+ years - me 9 years).
They will hold until win or bust and that is the difference as they/we are aiming for 10 baggers or £ signs.
Personally having done dd for 9 years I believe we will see multi £.
P.S. I may be delusional however I have achieved this before on other stocks of a similar strategic nature.
GL sir.

Perfect Bryn - sums it up - well done.

NDAs preclude info mon ami - that is about the only “fact” we know!
GL