Member Info for jimtheknow

B67. There is no mandated time for the granting approval of EA. Anyone who claims anything else is purely speculating, ramping/de-ramping or a little of everything to suit their position.

Why aren’t we at 4p today?

Amtech, I think one or more people have multiple accounts on here, without a doubt. All these people who unnecessarily over hype it are almost certainly derampers as anyone reading their stretching of truths must feel suspicious, especially when all their predictions of breaking certain resistance levels never happens. They are the ones spread betting, without doubt. For what it’s worth I think we’re going to get a deal and some good money will be made, however, i think it unlikely to be the life changing amounts spouted on here. I dearly hope it is though.

Anyone who thinks there isn’t something unexpected coming out of all this is a fool. The End.

Oil*******

Degsy, I don’t need you to provide any link, I have a pdf of the document. Besides, your reference was incorrect anyway, it’s not on the page/place you stated but it’s easy to figure out why you made this mistake. It’s late at night and I obviously need my bottle and bed, however, while I’m watching the little mobile gonaround above my cot I’m going to ponder whether you are truely thick, or just a wind-up merchant? I can see how someone can make mistake when reading the document but once corrected, by two people, you continue to appear to not understand the words in the context in which you are reading it. I’m going to give you the benefit of the doubt and assume you are a wind-up merchant. However, you do ha e good previous form on appearing to be an idiot. Hmmmmm??????

Exactly.

Degsy, you’ve again cherry picked and/or misunderstood information, especially in the sentence which you are quoting. It may help other readers if you provided he full sentence in this clause rather than just the bit you want people to read and they can interpret it themselves. Anyway.... the 30 days applies to the Minister should he/she request more information. There is no time limit bestowed upon the government, they can conclude matters in their own timeframe, which is not stated.

...to be able to get the best deal, you have to be able to walk away from a bad deal.

Ironic, for your own sake stop cherry picking information out of reports and understand all information as it is presented. Even in the independent auditors report a probability of success is stated. It is not guaranteed that if a well is drilled it will be successful. You can have billions upon billions of barrels of oil down there but if the geology doesn’t lend itself to recovery then it’s a duff. This risk exists with all oil exploration, it is not unique to our situation, hence the requirement to drill a well(s). Information suggests we have favourable conditions but nothing is certain, hence high risk & high reward. There are some great and interesting oil reservoir information you can find out there, starting with the basics and all the way through to well completion. I suggest you do some light bedtime reading. We are in a good place but we are a long way off a billion dollar company as it stands today. DYOR.

I agree, this is brilliant and an extremely encouraging RNS and I really would love it to go through the roof, but.... if we see 0.5bn m.cap we should be happy.

We’ve had a good day, finished in the top 5 risers on AIM, some people who hadn’t previously might decide to take an interest, etc. If any new people are sensible, level headed and do their own research they will discover for themselves what an incredible opportunity this share is. However, the people on here who post tenuous links or make outlandish company valuations is as frustrating as the days of when radio silence and no news month in, month out was the order of the day. Bring back the Potter bashing days :-)

I can see the obvious and potentially strong links to Shell and it wouldn’t be a surprise if it is them. They are known and have a history of using NDA’s in situations like this. However, I have another feeling it may be an operator not that well known to some people in the UK e.g. Anadarko or Apache, etc. Maybe a Chinese or Canadian outfit?????

Again, you’re missing the point. Why on earth do I want to de-ramp? I hold a significant amount, I would be incredibly happy if this broke out higher. I just feel poorly informed people like yourself do more harm than good and I, like others, are trying to restore balance. The only consolation I take is that you have demonstrated you are enough of crack-pot everyone will be filtering or ignoring your posts, you have been proven to not be credible. I feel sorry for those who have had to read your other 13,000 posts now. They will never get that time in their life back.

Buying into situations... Taking screen shots... Accusations of fraud.... ha ha ha. I wonder how some people put bread & milk on the table sometimes. The MM’s, brokers, big movers & shakers, etc must love it when these type of people come out to play with their own money. Maybe these are the people who actually do trades like the Sell one at 10:40:11?

Your constant, blind ramping is actually harming this share and I wonder whether you are really a de-ramper? Apparent desperation and overly bullish stance, without really appearing to fully know what you’re talking about just sets alarm bells going for people. Speaking as a professional in the oil & gas industry, you come across to me as someone who knows a little but not a lot. The vast majority of people reading your posts will never comment on here and just read, which was myself until very recently. The facts are these are structures are potentially exceptional with huge promise, even oil majors don’t spend money to talk for no reason (even for peanuts) so there good reason to believe this will happen. Simple.

In response to a post from Ironic earlier. Why would any deal need to account for money already spent? This is a free market and market forces have already accounted for everything in the price, there are no more hidden costs to add in and there won’t be, why would any credible businessman pay more for something than the value on the ticket? I.e. the market cap. It’s great reading all the positive posts and as a significant investor myself I’d love some of the (87p) predictions to come true. However, this doesn’t need over ramping, outlandish claims reduce credibility. This is a good solid investment vehicle, all the claims on oil reserves, independent auditing, market conditions, etc back that up. That’s why we have major taking very serious interest. Anyone considering investing just need to look at the bare facts (not the hype), remove emotion and fill their boots while they can. The window will close on this, there’ll be no post deal price, pre-spud price, oil strike price, etc. The time is now. No one investing at these low levels will lose out. If any other oppprtunity in life came along to double your money (or more) would you take it?

I believe there is some basis for what has been posted here with regards Oil in Place, recoverable amounts and Price of Oil. These may all be valid considerations for a future operator, however, the II and PI will never realise these values. Anyone who has made a bit from junior Oilers or Miners know this. People should make a profit and should be less worried about losing what they put in but this needs to be tempered with reality. Only if there is a significant upward re-rate in market cap of BPC will it survive post deal. While we potter around the sub £100m market cap how can it be anything else. Why would an operator lose a 20 or 30% share in the slice of a billion dollar cake just to give us a ‘free ride’. Simon Potter and any other tech’y people will transfer to parent company and therefore knowledge of assets is retained and BPC will be gobbled up for c. £100m which is just a fraction of the potential prize everyone is calculating and dreaming about. I’m a significant shareholder here and would be OVER THE MOON on a deal at tens of pence but I am a realist.

Likely a cash & share transaction.

Also.... directly linking any potential reserves to any offer is unfortunately the stuff of dreams. This is business and business is shrewd. Any offer that is likely to be made will be based on a closing share price on a day nominated. However, and this is probably through hard negotiation from BPC, the SP has been allowed to find its natural price in these 3 months whilst still protecting the Majors interests. The potential reserves would give the SP the headroom to move in to, which should be quite big headroom. The potential reserves, based on the Majors due diligence of the assets, will allow them to justify paying any premium. All this means is that anyone investing now will not lose out, they will make a profit on any investment but it’s highly highly unlikely we will ever see returns on what would be a 20 or 30+p SP, as with many AIM stock the PI will never realise the full potential of the asset. The only way we will see returns like that is if the market wakes up to this realisation there is a highly likeky profit taking situation here and this drives it. If you invest x now, you should get x + y back on a deal. Post deal it is highly likely BPC will exist no more and we will all go looking for the next multibagger (unicorn) - again. IMO