Member Info for Mike31

At the same time if they release an poorly worded RNS, it may have the reversal effect...

I see, so its probably ok to say there is risk to secure future funding, plus we don't know a lot about the block license and June 2019 is literally round the corner. Thank you. I think I have made my decision not to put my money here as for now

Thank you for your response Private_Investor

I heard some say BPC is funded until the end of 2019. I still have many questions. Like do we have enough funds to cover the block license fees if they do decide to extend them.

How much exploration work have they done in each of those blocks in the 12 years they had them (I could be giving the wrong number, new here), and what are the estimated recoverable oil of these blocks?

I had a look at the company website. Can someone tell me what will happen to the licences of the 100% owned blocks after June 2019?

Renewal: At grant on 26 April 2007 licences issued for 12 years with renewal each new three-year period, first three-year period granted a two-year extension. Second three-year period commenced on 8 June 2015 with 12 month extension granted on 17 March 2017 to allow the safe and timely design and execution of the Group’s exploration drilling programme.

Maybe because the recent BPC rise were baseless....

Unlike Matd, we have a drill turning in the ground

Hadn't seen him for a while...hope he is well

On another subject, BPC has dropped 16% as we speak

Sorry for the typo error. Thanks for correcting.

A whopping $2002.5bn!

Repeat, it s whopping $2002.5bn worth of assets!

Thank you for putting up the link Mole and taking time to explain the map in detail

Not intended to put up a Block link, but this link shows the oil fields in the surrounding area, including ours
http://www.blockenergy.co.uk/projects/

Thanks Mole for getting back to me on that one!

Arguably, BPC doesn't even have the slightest potential to unlock 480 Billion Barrels of Oil. The estimated numbers are just incomparable, They are like a dripping tap, whereas we are the Victoria Falls

Interesting thought here, can a major partnership with multiple companies at the same time?

Ridiculous we are at 6p with 5 fully funded drills and Wild Horse potential with 480 million barrels of oil.
BPC rocketed 40ish percent based on pure speculation...WTF, most people just want a measly 5-10% gains

Just interesting to see an overview of which part is Western Georgia, and how close or far we are from it.

Please does anybody know precisely where is Taribani field on the map?

https://www.google.com.hk/maps/place/Georgia/@41.0198677,41.4779192,7.25z/data=!4m5!3m4!1s0x40440cd7e64f626b:0x4f907964122d4ac2!8m2!3d42.315407!4d43.356892?hl=en

I am 45% down...but I am well aware of the risk vs potential from the very beginning

Thanks 2010PM.

Didn't know you are in Mongolia?

Anyway how are the woman there compared to South Korea lol?

Do agree all company in uncle Sam's back yard will be more convenient and less hassle.

Imagine if it is Sinopec as China had become Georgia's fourth largest trading trading partner in 2017. I'd be happy to settle if it were any one of these company. Order of favorites starting on top

Exxon
BP
Sinopec
Royal Dutch Shell
Saudi Aramco