Member Info for JConchy

Interesting that the RNS on 28 Feb referred to only BPC’s initial well but a number of potential partners.

You should have told us when the sp was 1p.

Who is paying Black & Veatch? Can’t think GoB is forking out mega fees for nothing.

One has to believe that BPC confidentiality agreements would prevent use of our proprietary data by any party that has had access.

This is encouraging as long as it results in solid funding for the well....,,.. or two or three

I lost my entire tool box in 2011.

I wish. Facts please.

Anyone investing a few $m in BPC at this stage is going to be given all the inside info. It is manifestly unreasonable that such information given to prospective investors is not shared with existing shareholders.

£sterling has significant risk on the downside so with BPC being IoM incorporated and with the assets in N America this share is a great hedge through Brexit . Quite honestly investors are well advised to be out of UK domestic stocks for years to come. As usual the only Q is - can the board do any sort of deal to unlock the treasure chest? Most long term holders are pretty optimistic the black stuff is down there.......

Our concern is the total lack of reliable information from Board. No news is bad news - always has been with BPC.

Could Page Ben’s daddy Mike?

Near Term

It’s an all or nothing deal now and optimism is in short supply .

Near Term news coming ? LOL

Is licence renewal in the calendar ? Extended licences need to be in place by June 2019. Could be the reason for MQ finding it hard to close a deal.

I no longer have a firm view on what these shares are worth long term although it could be as low as zero. But, failing zero it means there’s a deal to Fund a well and in such circumstances the price is more likely to go to 10p or more. Today’s price is an option on licence renewal and Farm in. No point selling.

Drill cost is an academic question when BPC have so far conspicuously failed to raise money to drill. You bet costs will be back up to $100m by the time we get to drill - if we ever do! We don’t want some cheap well that fails to test all prospective reservoirs. A single well can’t really do justice to BPC assets although any find would move the Bahamas up the scale. But right now shareholders need to be concerned about Licenses. GoB will have little reason to support BPC further without a funded drill programme.

Does it make any difference if MQ are on payroll or not? If they were close to getting the job done it would be obvious by now .

Exeter to Padstow used to be the slow bit

I’m keen for news but nothing other than a conclusive announcement will do. If there’s a hot it up rns I’m outa here. Soon we’ll be told cost of drilling has gone up so that will delay it.