Member Info for NICODEMUS63

Chinese persecution of the Uighurs.
https://youtu.be/xUsntuFS3EY

Don't know if anyone has seen this. Sky News Aus makes Fox News look like wet liberals and I would normally take anything with a pinch of salt. However, the Aussies are the only country standing up against China at the moment and it would be foolish to fabricate this kind of story.

Reckon won't be before long before UK politicians seriously upset the Chinese and they start to exercise their economic might against us in the same way as the are against Australia. Boris will then have to look elsewhere for rees to build our wind turbines and where better than Africa, and managed by a UK company to boot.

Still casting gloom and shade I see Bottom. Have you been gambling more than you can afford to.lose by any chance?

Never mind, just be patient, Bloe will come good. In the meantime remember it's Friday and the darkest quarter of the year us now behind us, cheer up or take some Prozac.

Chart reading is a dark art as far as I'm concerned but Zak called last spurt pretty well. I know people who make decent money reading them with no proper research as to a companies fundamentals so happy to think he'll be right again. Plus as Fulmar says, he has his followers so his prediction is only going to work in our favour.

Hopefully we'll all have some more RBW capital gains to realise by the end of March...just in time to tuck safely away in next years ISAs.

Harry Potter needs to.get on the blower to our CEO at Predator, Paul Griffith asap and ask to buy in some assistance with CCS EOR. Not sure if you have in cash left for development in T & T but sure he'd take a percentage of increased production instead.

However, whilst that may take your production up by maybe 200 bopd, that still.means Harry's still some 1800 bopd off his promised target of 2,500 in T & T by end if this year.

I'm amazed that some of you are counting your chickens as if the 2,500 bopd was a done deal rather than a goal to be worked towards involving a lot of hard sweat and investment.

First things first though

A. make sure to keep the existing ex CERP assets flowing at 450-500 bopd

B. Buy in PRD's C02 EOR expertise.

This will keep the lights on and give you all a chance if recouping something. If you invest in
T & T infrastructure before passing around the hat for funding for another Bahamian drill, it will show you are now a serious producer and not just a shell selling a dream.

Your call Darren but I hope for your sake you aren't the type to kick yourself and self flagellate when you make the wrong call because PRD will be massive. I've sunk half my pension lump.in here, half of 33 years worth of working for Lambeth council. That's how confident I am, I'm not a rash gambler, or industry expert (obviously, no oil wells in Brixton)

Check our price and this board again in a couple of weeks and jump back in if we still on the move. You could always stick a stop loss to ensure say,half your profit and slide the sell limit up accordingly as our price shoots to the stars.

Think as well why this board is grown up, we are all happy and confident in our investment, prospects and CEO, and all know that in a year or two, those of us who are in big will be filthy rich. Very few people feel the urge to fight and argue when everything is so rosy in our garden.

Cheers Blackdog will do. I'm going to leave Chesh alone, I know he has been a pain but bad karma if I kick a man when he is down. After I gave him grief when P1 news hammered their price, our price dropped some 45% on one trade, I was tens of thousands down for a couple of minutes and it didn't feel good. Reckon that was karma telling me not to give it out people who.have lost fortunes.

Fair play Rob, I'm sure my BLOE money would get me a better return in PRD which I reckon will properly explode, but can't bring myself to bail out of BLOE. I've been here 2 years, got carried along with the excitement and even hold some at 17p. Very glad I averaged down, breakeven now 5.5p and that's in.our grasp, anything above will feel.like a huge bonus.

Our day will come...all our patience will soon be rewarded..

Thanks Kas, just reading an article on that very subject saying that producing ammonia from hyrdogen is creating 2% of the world's CO2. That shocked me, I thought this was the magic bullet but things are a lot more complicated. A lot to take in, some use cases ammonia is used to produce hydrogen and in other cases vice versa.

Yes, thanks for digging that out tò clarify Obadhia, it's well worth going back through old RNS's. I for one very often don't read thoroughly, unless the price leaps or falls as a result.

Even better Kas, they already produce hydrogen. For some reason I thought they produced the ammonia that they use to produce CO2, hydrogen or whatever else, but they don't they use ammonia produced elsewhere on the islands.

I was interested in ammonia because it is used to create hydrogen, they may not produce it, but they have a supposedly unlimited supply from.the various chemical plants in T & T and most importantly, are already in.the business of producing hydrogen.

The PRD story just gets better, we are in bed with a company that produces one of the hottest products on the planet...certainly in the renewable energy sector..

I honestly thought we'd got CO2 exclusivity with Massy, but I'd very much like to be wrong, Kas.

That brings me nicely on to another pet subject, far more lucrative than helping BPC meet their I'll publicised bopd target. Morocco are building a hydrogen fired power station, we have access to ammonia/hydrogen via Massy, we are in Morocco and will soon be supplying their gas powered fire stations. We could also supply their hydrogen fired power station, they already import lots of ammonia for their fertiliser industry, why not get it all from us..

Sore subject eh Blissful. I have absolutely zero sympathy with anyone other than maybe the ex-CERP holders, but they had chance to get out. How much have you lost? If you've not sold yet, I thought you'd be interested in trying to improve on 500 bopd.

Shouldn't cross ramp, I know but I feel that we've been posting on this board for a couple of years I'd love to remind everyone PRD is the biggie if you have any spare cash.

Give it a look, check the LSE board, brimming with confidence, no fighting or bickering because we all know that it is the ultimate multi bagger.

Not suggesting anyone take money out of Bloe because we are about to blow as well, but I reckon whilst Bloe may treble by Christmas, PRD will ten bag..

You're right Bradley we should be far bigger , Sefton said something along those lines earlier. I'm a Stokie and my first mental reaction is to think 'be grateful for small mercies' because that is the way we were brought up, nothing great is going to come your way, be happy with what you have etc.

Time to change my mindset and expect big, law of attraction and all that...that being said 6p to buy now... better than a kick in the nads eh?

Saw someone on the BPC board mentioning our RNS re CO2 EOR and suggesting (amongst myriad other remedies for their plight) engaging our assistance. Good to see there are a few level headed investors there, possibly ex CERP?

Cheers Vegas, something along those lines was crossing my mind. The T &T government are despetate to save their petro chemical industry, which has been run almost into the ground by mismanagement over the years. We've all seen posts and links, there can be no doubt they are serious in this endeavor. What more proof that they want to attract serious players than the increase in tax threshold from $50 to $75 per boo.

Why would they want an untrustworthy lame duck company like BPC in their country? Harry Potter has committed to a 500% increase in production by end 2021 but I reckon.they will be lucky to maintain production of 500 bopd.

Read below from a recent BPC RNS. I honestly don't believe they are in a position to pay us for EOR assistance or otherwise carry out any necessary upgrades their ex CERP assets in T &T.

I'd bet my house on them not producing 2,500 bopd by 2021, an empty promise as far as I'm concerned. Let's see what happens with the existing 500 bopd that they are currently producing. I wouldn't put it past the muppets to screw up their only source of reliable income maybe cut a few corners on planned maintenance, or whatever short sighted cost cutting exercise Harry Potter can think of..

See below............

https://www.investegate.co.uk/bahamas-petroleum-co--bpc-/rns/funding-strategy--reconciliation---put-option/202101120700073153L/

...............In circumstances where neither the balance of the fixed-conversion price conditional convertible notes is available, nor the Call exercised, BPC would need to rely on seeking alternative funding if it was to be able to complete the full intended program of work for 2021 (most particularly in Trinidad and Tobago and Suriname). There can be no assurance that BPC would be successful in securing any such alternative funding, and if this were the case, the planned program of work in Trinidad and Tobago and Suriname might need to be curtailed or deferred........................

Article below on CCS EOR in today's oilprice.com
Good stuff, keeps it at the front of everyone's mind. I keep seeing though, CCS used for EOR gets a little bit of a bad press precisely because it isn't that green because it produces more fossil fuel.

It would be good to see a converted effort, from ourselves, Flagstaff take note if reading this- and the majors using it to show that it is a good thing because for being, the world needs gas and oil. CCS EOR, if used world wide reduces the need for fresh drilling in pristine waters such ad the Bahamas. If quite sure the local eco warriors and fisherman would be happy to see existing wells made more efficient than fresh ones drilled.

https://oilprice.com/Latest-Energy-News/World-News/Is-This-The-Carbon-Capture-Technology-Of-The-Future.html

27/10/2021 Options are exerciseable at 5p a share. That was on the link Wacky posted but I couldn't see an expiry date.

Evening Blackdog, I've just re read that paragraph from the BPC RNS in December. Looks like the only expect 20-35% increase from EOR, which sounds more realistic than 500% on their current 450-500 bopd.

That will leave them at least 1800 bopd off their target of 2500. They plan to make up.the differences by technical improvements but that will take cash, £2m apparently. I wonder if it has been squirrelled away sensibly and is available to invest? Everything about BPC tells me not.

Either way, they will need help and lots of it if they are to.meet their goal.

This was from the BPC RNS in Dec. I'm sure they will have to look at scaling this back now until (if) they get back on track, but they have publically stated they are going to be using EOR. It may not necessarily be CCS EOR but I'd be surprised if it wasn't and I don't think there us any other company on the manor specialising in EOR.

https://polaris.brighterir.com/public/bahamas_petroleum_company/news/rns/story/rg429jr

Trinidad and Tobago
· Boost production from existing fields by applying a proven, mature asset mindset and skillset: this requires maintaining the existing well stock by way of focused preventative maintenance and a proactive continuous well intervention program to maintain baseline production of approximately 500 bopd, along with targeted initiatives to enhance that baseline production using enhanced oil recovery techniques, field extensions and focused technical work, which are expected to result in 20%-35% increase in the baseline production on a sustainable basis. The estimated incremental operating expenditure for these initiatives is approximately US$2 million, with a rapid payback anticipated