Member Info for Linton78

Will the CLN be part of the final funding mix? Probably not.

:-)

A pint or two at Grenadier.... that’s like seeing a beautiful mirage in the desert right now.

TruthfulOpinions - post of the day there Sir!
Where will the market cap be on spud?? A lot higher than todays share price IMO.
As you say, Koot's comments on the data room especially and the diversified portfolio will make me a hold a good amount for the P1 result now.
ATB.

Thanks Tiburn. Interesting read.

Varadero has the heavy oil but different geologic setting to BPC’s prospects thankfully.

event.webinarjam.com/register/341/gwwg2ho5

Agreed

I believe it’s 50 % Jim.

You would perhaps, give up the 50% away from the Cuban fold and thrust belt that contains multi billion barrel potential.

So it’s not really an issue....

Red - You should give BPC a call. In the AGM voting papers they are offering to set up calls with shareholders to answer any questions... take advantage of it.

I was worried about the licenses expiring and gave them a call back in 2018 and spoke with Ben Proffitt. It was useful at the time.

In regards to Force Majeure.... I personally wouldn't worry. I have seen legal advice on various websites saying that COVID is definitely a trigger for Force Majeure in many contracts... the exact wording of the clause will need to be checked though.

Yes - my letter has just arrived.

Exactly - and that excludes the other CERP prospects estimated to contain between 20m to 400m barrels in the South West Peninsula. The chance of success is in the region of 50% for future wells according to Koots.

I'll have some of that as they say... !

It certainly wasn’t aimed your comments!

:-)

Unfortunately I will miss the early August beer in the Grenadier. Double booked myself in Portugal.... Rodney you plonker.... !!!

We have alot of keyboard warriors that have never worked in the oil and gas industry... or close to it.

Cease fire chaps.

.....

P&T,

Its good to have the debate. I guess my main point is that the new 10bn figure is the upper ceiling and should be seen in the context of total number of shares in issue after the merger.

Don't get me wrong, if P1 comes up dry and the SWP value is not realised as quickly as possible the story drags on for many more years and becomes harder to reach the level of value we all want from this investment. Just for the record, I am pretty confident in both of these area's producing value in the next 12-18 months.

Having sufficient headroom available to issue new equity is always a basic requirement of a well run company.

It doesn't mean they plan to use it straight away or at all in the near future.

Both management teams & boards own a significant number of shares so they are aligned with shareholders to a large degree. I am more interested in the final financing package for P1... hopefully we will hear shortly.

The last line of the RNS indicates more news coming our way shortly...

Of whom do you speak of? He’s not the Messiah...

I’ve got no car, no house, an ex-wife but I do have a ticket for the Rolling Stones in Texas.

And a few other bits and bobs... :-)