Member Info for MrGregg

No matter how people dress it up further dilution means less of a profit if we hit it big and a more than likely share price peak of 3p on spud. Not what we planned for...

Wonder when the sellers will start to **** themselves and start unloading...

Today has been encouraging. Its amazing what the trolls on here can cause in terms of panic. Think when we hit 3.60/3.70 it was a false position, think we should be sat higher though but the sellers just push this down anytime we make any gains. It's hard being a long termer compared to all these spivs who aren't interested in the long term and fundamentals of BPC as a business...and no I will not get back to selling pasties and sausage rolls ;) GLA

Today has been encouraging. Its amazing what the trolls on here can cause in terms of panic. Think when we hit 3.60/3.70 it was a false position, think we should be sat higher though but the sellers just push this down anytime we make any gains. It's hard being a long termer compared to all these spivs who aren't interested in the long term and fundamentals of BPC as a business...and no I will not get back to selling pasties and sausage rolls ;) GLA

*Also Don’t under estimate people power, they basically stopped the fracking in the NorthWest. Lots of companies saw the share price collapse like Igas etc

I have a feeling there will be an injunction and an enquiry about the drilling. A delay would follow and the share price more than likely go sub 2p. However I do believe it would be appealed and a new date set with all the i’s and t’s dotted and crossed. BPC aren’t the first to explore the region and probably won’t be the last. It’s very worrying as a share holder with a lot invested, this has been a long 10year journey, folk need to hold their nerve, there is never a quick buck that is not without its downs as well as ups. If there was we would all be rich. Make no mistake I see another red day tomorrow and lots more before this is sorted but I have faith this is too big, main concern is getting the yanks involved to slow the process...16 senators already voiced their opposition back in April. We shall see...

It’s not about it scaring me it’s about looking at what’s going on for the share price to drop so much in 3 days, it’s about not burying my head in the sand

Surely this is related to the legal challenge? Seems they are pretty confident on it ...what's everyone's thoughts?

I recall someone saying a week ago this would be in the 2ps soon when we were sat around 3.5p... would love to know if that has some inside info as it's dropped like a stone since...

4.5p on spud for me. We have been up 50% at one point in the last month. Can happen again.

Today has been a bad day but some of the post about the share price collapsing or being conned are just BS by investors who haven't been invested in BPC long or done any research. Of course the first well will be an exploratory well, that's how things work, they dont know for definite there is oil down there around about a 30% chance of finding it. Hence licenses to explore other areas. I do believe the share price is low but a 10% drop on the AIM market isnt a collapse, 40%+ is a collapse. People obviously in this for a quick buck and have no idea of the rollercoaster some of us have been on in the last 10 years. I am frustrated with the share price but I am going to hang my hat on that I believe we will see between 5-7p+ in the next 8 weeks. Tomorrow though we could go sub 3p down to 2.80/90 before climbing....and if we find the oil on the scale of the middle east that's been speculated for decades the majors will sign a farm in no time. That would be happy days for most of us.

Really disappointing day at the office with this one...only weeks away from spud...not the price any of us thought it would be I am sure

I think we will see 2p tomorrow. Possibly lower...

We are in a Bear market guys that's the fact of the matter if drilling gets delayed we will drop big time but will recover. Fear with lockdowns are the less demand for oil there is with the knock on effect of lower oil prices. It's got to worth the company drilling 1st of all. At the moment a delay maybe sensible looking at the market all be it short term pain. I'm more concerned with the political side of things than the company, that seem to have everything ticked. The markets are in the grip of fear it's not exclusive to BPC

France on the brink of full scale national lockdown. Chances are if that happens most of Europe will end up that way including possibly here hence the red.

DXB1 I feel like we are in a similar boat and of a similar opinion on BPC. It is not what I first invested in nearly 10 years ago. I have a feeling that P1 will bring minimal success personally. Some things are out of the boards hands though like the price of oil and COVID etc....I live in hope though...sorry to be a Debbie downer

Tend to find with this share is that we get no news for an awful lot of time, the share price sinks and then we get some news out of nowhere. Thing with this share having been in here for many years the main problem I can see is the dilution that continued when the share price was making some progress has hit us, investors seem unsure and we have a big market cap. With out the recent dilution, takeover of CERP I believe we would have a lot more interest and possibly be around the 5p mark. CERP seems like a bad move to me and to many investors I believe it looked like the board covering their themselves if P1 is a duster with a producing company, all be it very low, on board to cushion any blow or disappointment. I believe most we will get to towards spud is 4p, more likely 3.5p, no news isn't good news in this situation, the volume isn't there in trades, no real buying, no news, Covid lockdown looming around the world and a anti oil Biden presidency less than a week away, we should be flying leading up to spud but all these things have countered it. I am heavily invested in BPC and would of hoped for 7p plus on spud but there is no chance IMO.

Been in this share for nearly 10 years. Waiting for it to take off is like being on the plane stationary on the tarmac waiting to fly only to be told over and over again theres a slight issue but we should be taking off soon...

Put the bath tub in there as well....

Would have to agree with Willec on this one, if oil is found the price I do believe will establish itself in the mid to high 20s. 2 things we have to look at though, if we find oil, how much oil will be discovered.... secondly if found it will take years to get to production and then profit, maybe look at companies like Tullow or Rockhopper to get an indication. I read an article from around 7 years ago saying that there is around a 25-30% chance of finding oil... interesting odds but I am glad I am in for the ride. Just waiting for the investors to show some interest as I would of expected it to be around 3p by now...