Member Info for JP2000

The key is monetisation of any assets and I think they’ll farm out 90% of any Bahamian assets including operatorship to one or more oil majors, they’ll pay a special dividend and then concentrate on the CERP assets.

But inside an ISA or SIPP you keep 100%

No, you have a CGT allowance of 12k i.e. a gain

Example 1:
cost 10k, value 15k
Net Gain 5k
Then you can sell 15k without tax.

Example 2.
Cost 10k, value 30k, profit 20k
Then you can sell 18k tax free (6k proportion of initial stake + 12k profit)

Non tax advice, use a spreadsheet

Re updates: the flight movements are a clue, three on 27th and one on 28th Jan so max 76 people which is a large part of the drilling ops team. If the outbound flights were empty then operations are pretty much over so draw your own conclusions. If on the other hand the outbound flights were mostly full then it means they are crewed up to 16-17th Feb which likely means going deep including going through two fault lines to give a fuller picture of the geology.

https://www.proactiveinvestors.co.uk/companies/news/939872/bahamas-petroleum-present-at-the-proactive-one2one-virtual-forum-939872.html

Same presentation but just BPC

ok, 10% a bit low:

https://www.offshore-mag.com/drilling-completion/article/14092655/success-rates-rise-for-direct-hydrocarbon-indicatordriven-exploration-drilling#:~:text=In%20the%20five%20years%20after,now%20stand%20at%2034%25.)&text=CSRs%20for%20DHI%2Dsupported%20stratigraphic,outperforming%20the%20all%20well%20benchmark.

That's all very well but what's the probability of commercial success to reach fair value , possibly 10%?

I was expecting a tsunami of stop losses. Thankfully we are blue.

Can anyone post what they see, thanks

https://www.youtube.com/watch?v=boyb-vTobqk

Note a joke. It was like watching an RAF airman shot down over iraq, beaten up and then made to do a TV interview.

By the time you've gotten out of bed on Friday the SP is going to be trashed

none

Something's up, 3 return flights so far today between Nassau & Icemax ,potentially 57 people.

I read that too but don't believe it because there's no drop in altitude on the flight profile. More likely dodgy radar coverage or they're flying too low.

Yes, good spot. Flights are normally later in the day

miami

This could be interesting or nothing;

They've been using N145JW for heli trips including yesterday. Interesting the aircraft has just flown MIA to Nassau where BPC have an office so perhaps something's up?

Are you saying BPC are doing BG's dirty working applying for a bond on 17th when BG chose a couple of weeks ago not to ask for anything?

Koot was only ever a non exec in BPC, what was that all about?