Member Info for JConchy

Page of cups Yes but BPC are “over playing” their hand. A new Licence holder with money can run fresh 3D and drill when they have looked at it. There is a limit to the value of the old data. Finding the old cores in the warehouse makes a good story but....... Do a deal sooner rather than later or risk all.

I daren’t think where BPC could be because I see issues & dilution at every turn. Right now my worry is that the Licences will be lost before a deal is done. The BoD seem over confident the GoB are happy but we all know every carpetbagger in the industry would love to ease their way in to replace BPC. If a reasonable deal is done though and oil found (even a fraction of expected) then yes, 100p is possible. BPC would be one of the great stock market success stories of all time.

OMG - who has heard of a 50 bagger since Poseidon?

Totally agree shareholders are treated with contempt. The whole board are responsible not just the CEO.

A lot of shareholders like me would sell their BPC because we are told nuthin. Problem is the shares are so bombed out.

He may be in Houston , or somewhere else not Nassau. The polite thing to do is call to make an appointment.

Simon Potter is presenting BPC in this corporate video. https://youtu.be/_UwzQ8gHF4U

Why don’t we all tell the BoD to forget going for £5 and take £4.50 instead? Oh by the way i’ll consider US$4.50.

Anyone selling shares at these levels is most likely giving them away. But surely the BoD and advisers know everyone’s in the dark. I’m lost. Crazy days.

The BoD of BPC give The CEO far too much leeway on comms. He in turn is bad at expressing himself in the English language (spent too long down a mine?) and he has no idea what responsibility directors of publicly traded companies have to their investors. Read the contrasting past written statements by the US chair of BPC and the british CEO. Yankee English wins by a mile for grammar and clarity! The price of using capital from public investors is NOT being able to keep everything secret. The result here is a fundamental breech of trust.

BPC shareholders are watching and waiting all over the world . 7.00am in london when RNS usually come out is 2.00 am in Bahamas. The big one with the Farm Out news will be a must read for all insomniacs.

I’m hoping the grown ups will ensure Potter does not have the last word on any proposed deal. It’s pretty obvious big mistakes were made in 2012-14 and this cannot be allowed to happen again.

If our major counterparty were to pull out I wonder how long it would take to get talks going with another suitable one? It surprises me that going Exclusive we were not more confident of closing. Given the first extension I’d expect the longer talks progress the more likely we are to close. But we owners of the company are mere ants , we are told nothing and if we lose everything we just have to suck it up. I would like to have a better understanding of where this is headed.

Let’s just concentrate on the Farm Out. Consolidating shares is a load of old nothing.

Let’s go with the deal . I had hoped we could retain 40% and get all our costs back but it’s time to get on with it . If our partner is Shell , Chevron or even Statoil whatsis.they can deliver and there are risks & uncertainties for BPC in further delay.

I ain’t selling.

We keep hearing “super major”. There are not many super majors..... how does Marcy know it’s a super if BPC have not told him?

I ain’t selling. This will be bigger than Poseidon .... and with a better ending.

One assumes the Major has a balance sheet sufficiently robust to handle this project. Going through to production will require several $bns. So they don’t need to structure a proposal that requires cash from BPC unless someone is being awkward.

Agreed. This has got the potential to be a $2bn company. Over $1 a share. Let’s consolidate the shares and make this a heavy weight!