Member Info for Obadhia

Hi Sefton, thanks for your reply.

Good to know your background which lends confidence to others of a watchful eye on all matters concerning PRD finance.

Hi Sefton, you make some very valid points. As has been brought up many times here there are many future sector advancements that theoretically PRD shareholders would miss out on but, as you've outlined, with potential royalty streams PRD could turn out to be a bank that 'keeps on giving' !

Huge coincidence that you mention Polygram, spent 15 very happy years with that company!
Are you ex record industry?

Gradually building a worthwhile stake here.
I've little doubt that investing in PRD will prove highly rewarding from current levels and when reading some excellent, well-researched posts here regarding the massive potential that exists in both core and non-core activities I'm also mindful of PG's exit strategy.

In his Oct '20 interview Paul states his divestment plans despite his reluctance to give timescales.
They are to divest EOR later this year, Morocco next year and Ireland 22/23 before first gas.
Three big sell offs within three years, allowing of course for some Covid related slippage.

Not an unreasonable aim as I believe PG will be 70 this year and RP 75.
I appreciate and believe Paul's ultimate monetisation plans much more than other CEO's vague road maps I've travelled in the past that had more dead ends than the average graveyard. Looking forward to the next company update.

I would hope that any announcement is made after LO are completely out. Another couple of weeks would do that.
Yes, news of a material nature should be released immediately once known but we know that's not always the case and it would be to the benefit of holders to see the back of this big seller and let the sp climb unhindered on a good result.
As it is BPC will be left owing LO a pretty penny to assuage a 2.3 aggregate price commitment.

Interestingly promotes the benefits of a government JV as opposed to a PSA

The Bahamas Oil Story, non-biased, very informative.

https://www.youtube.com/watch?v=aP1LjmuRJBY

Probably the reason why PageOfCups and Tiburn, two of the best posters on this board have temporarily withdrawn.
Most of today's posts excitable rubbish.

Today is Day 44 of a 45-60 day drill.

So what's with the presentation on the 28th?

Could it be a run through of T&T/Suriname actions, another 'Watch this Space' alert or maybe just a practice run by Uliel to see if he's mastered comms his end yet?

Totally agree, scheduled in advance for Day 40 in a 45-60 day drill.
BPC cancelled the last presentation, maybe they'll do the same again.
Otherwise all will be revealed in the next 5 working days!

Court decision as to whether or not BPC can be added as a party to current supreme court proceedings, ie given licence to legally pursue damages where proven.

An encouraging tweet ensures a rising price, enables LO to offload at a price nearer or above 2.3p if they're determined to clear the bulk of their holding asap.

Protects BPC from stumping up any aggregate differential in cash.

Taking the middle ground of an optimist, 1.0B barrels estimated find @ $1.5 per barrel in ground valuation (poss too low)

= £1.15B mkt Cap with 5B shares in issue = 23p

Personal hopes, aspirations and valuations will vary!

jimtheknow, are you still of the mind that a commercial result here would attract Exxon into a deal? Despite recent huge losses they do appear to be still up for new fields and intent upon acquisitions. Possibly BPC's best hope??

The granting of leave to apply for JR is, imo, an appeasement to Team Smith and little more, quite likely followed by a referendum.
By the time this is probably conducted drill results will be known, or a good indication given.
In the event of even moderate drill success this outcome will be weighed against the islands' massive debt, the criminality level, key infrastructure condition, widespread poverty etc. It's a get out of jail proposition that won't, can't, be turned down and missed. It's as good as a green light to proceed to production.

Sorry Robbia, was typing as you posted.
But you're right!!

I make this Wed 6th as 10 working days from spud.

An economy pushed to the brink, and yet not once in this article is it suggested that potential oil revenues could be a partial saviour for the Bahamas.

https://thenassauguardian.com/an-economy-pushed-to-the-brink/

Copied this, thanks to grandwood, as its not been shown here -

Maybe we will get the ruling in 2020 after all...

hTTps://thenassauguardian.com/ruling-on-oil-drilling-expected-asap/

"....adjourned the matter until 5 p.m. today."

So, after 10.00pm, maybe a firm decision one way or another......?

Ten years for you keith, twelve for me starting with a company I wished I'd never found - LGO.

Any way, new dream.

P1 starts with a billion bbls proved. Shell, Exxon, BHP all interested.

BPC sell all troublesome Bahamas licences for £2.5B, approx 60p per share.

BPC change name and concentrates purely on SA and T&T under Leo Koot's leadership.

Not that I'll care at this point because I'll be long gone with a couple of million.

My dream, those of others may vary.