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Hi Colon, just to clarify, do you own a camel called Trumpet?
So the total volume of gas in the cone increases by about 40%. However, given that the additional gas is at the bottom of the cone, does this not mean it is under greatest pressure and hence will result in a higher than average expansion factor when extracted. So the amount of recoverable gas at atmospheric pressure is actually greater than 40% ?
Hi Micktrick,
I may be wrong, but I think your calcs are out by a factor of 10. $8m/ bcf if sold at the wellhead, equates to $8Bn/ tcf. So at current exchange rate of $1.28/£1, 2tcf = £13bn ie. a share price of approx £20 per share (I realise that we will not be selling quantities approaching 2 tcf's of gas at the wellhead, for this sort of quantity we will have other buyers almost certainly paying lower rates).
Google “Black Swan Events” and you will get the answer. They can be bad or good (E.g. a good one is the invention of the Internet). I am very confident our black swan is a very good bird.
Rob_ the trade for 152,942 @ 3.2465 was definitely a buy, it was mine.
Hi Petroleuminvest, if you are re-doing your calls, you have calculated the market cap in US Dollars, so the share price in pence needs converting to Sterling.
ATB
Jondogg19 - Thanks
Hi Jondogg19
”Jack is sat up there with Alan Burns, both knowing that SL is the key to success or failure here ... irrespective of who brings it out of the ground”
What does SL stand for?
Thanks
Hi Laallee, I must admit that a small part of me was wondering whether you and/or Jmannn were doing a wind-up (albeit for humour, not in a malicious way) with the Instagram post, but clearly I was wrong on that. Thanks for clarifying.
As for Fight or Flee, after 10 years in BPC, I am too old and tired to want to fight another day, so for me it is all-in and if I go down with the ship, then so be it.
All the very best.
Reply below from BPC to my email enquiry on the LO threshold:
Thank you for your email.
The minimum reporting threshold for a professional investment fund is 5% as opposed to individuals and non-fund institutional investors, which is 3%. Therefore their threshold percentage is 5%.
Kind regards,
BPC
Perhaps the original plan was for Leo to step in and do the presentation, but following his departure Nathan just got lumbered with a script to read at short notice.
It was bloody boring though.
Hopefully MIA is for Miami and not Missing in Action.
There is a good chance that David Brent is right in saying we won’t see 4p in 2021...If the share price doesn’t reach 4p before a positive RNS on drill results, then we should gap-up to well over 4p.
On the scenario, god forbid, that the drill result is not positive, then we won’t be seeing 4p for a while either.
Hi Linton, I think Thebhoys was referring to Richmond in Yorkshire, but if BPC comes off, I might consider a serious upgrade from Wandsworth to Richmond, Surrey. ATB
Laallee, Thanks, do you think you could ask Jmannn to join LSE and start posting again? His posts, (on iii I think, but it was several years ago), were always a good read.
Hi IK,
I am hoping that Simon Potter being in Sydney has more to do with talking to BHP rather than Bizzell...I have no evidence to confirm this, but the Bizzell relationship appears to be an established one, where a degree of trust is already in place and discussions could be done remotely rather than face to face.
ATB
Smoggy beat me to it...Best Regards
Hi Armatrading, I think you might need a new calculator...