Member Info for Obadhia

Thanks PoC. If that's the court's decision rather than adjourning because of dangers in stopping drilling at this point then that is really great news. The previous advice suggested the court will re-convene next Tues, will that still be the case?

Well if it can't be stopped now it can't be stopped at any time until the drill is completed, ie the difficulties/problems would only compound with time.

My gut feel, fwiw, is that the Supreme Court ruling will be against a stay, allowing the current drill to proceed whilst granting a JR early next year, after drill results known. This would defer financial claims whilst importantly minimise damage to the island’s reputation. It would also make perfect sense to have a review only after the drill has been carried out, all facts known, maybe a referendum if thought proper and fair.

Suggestion. For those aggrieved by the seemingly never-ending dilution submit to Mr Potter one of BPCs grievance forms.
No need to waste your time finding the right language, simply copy Razorman's excellent 8.07 post this morning, although you may care to omit his first four words. They'll get a clear message all right. At least you'll feel better for having had your say.

Hi Bamps, trust you're well and miss your well-informed guidances. You called it spot on with GGP and ITM.
This has been a crock of you know what to date but, possibly foolishly, hanging in 'til we know one way or the other.
Have a good Christmas old mate.

Which begs the question and an answer from someone knowledgeable, like Coman.
Should the drilling operation begin and an injunction served there has to be, presumably, a stage reached whereby operations could not be safely and without hazards interrupted/ceased. Really appreciate your input here. TIA.

No harm in thinking but the fact is until the JR threat and a subsequent issue of a temporary injunction has unequivocally passed into history, no matter how hard we wish the share price to gain momentum and rise the likelihood is worried holders will continue to play safe and watch from the sidelines.

I would hope that, behind the scenes, BPC have engaged their own QC ready to step into the action if and when needed.

An utterly disgraceful post, should be ashamed of himself.

Jim, all LTH's are very soon going to face the choice of when to stick or twist. The eminently sensible amongst us (I exclude myself) will, given the opportunity, top slice and enjoy a free ride. I probably will reflect on the past 12 years, the strain of holding LGO/CERP, entering the unknown with BPC and come to the 'sod it', death or glory conclusion that comes with seeing the story out to the end. My path could be a tale of riches, it certainly won't be of rags.

On a 'no news' day excellent progress. My guess was 7.3p come spud but, with 4+ weeks to go and increasing awareness to this company's goals plus of course expectations of upside news releases am leaning towards what I originally thought a 'ridiculously over-optimistic' 10p (+)
Time will tell but at the present price it's a most welcome Christmas gift!

I received an email reply from them advising to refresh the screen. Needless to say that advice was useless.
They've had a serious problem with chat for going on for 3 weeks, should have dealt with it by now.

noviceinv

Just love your two consecutive posts, were you giving a subtle nod to JTK's ExxonMobil farm in theory?!

RE: My Turn To Say ItToday 14:22
exonerated I mean sorry.

Sodding mobil does auto spell quite a lot.

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Noviceinv

Posts: 272

Price: 2.85

No Opinion

RE: My Turn To Say ItToday 14:22
Yes I definitely wouldn’t want to be out over this weekend ;-)

Exxonerated otherwise.

BPC website

Reserves and Resources:


Currently, there is no consistent estimation of reserves and resources across the Company’s expanded portfolio.

For this reason, BPC has initiated a programme of work to commission an independent third-party Competent Person’s Report (CPR) for the Company’s various assets and licences in The Bahamas, Trinidad and Tobago, Suriname, and Uruguay.

BPC is, however, expecting that at the conclusion of this exercise the Company will be able to report a current portfolio-wide 2P reserve of 1 mmbbl (net).

Thereafter, ongoing maturation of resource and reserves across the portfolio is a core business objective, and based on information currently available, the Company is targeting a 2P reserve as at end of 2021 of 10 mmbbl (net), and longer-term of 50 mmbbl (net) at end of 2025 (which could be considerably greater depending on the level of success assumed in The Bahamas).

Re. CPR
"BPC is, however, expecting that at the conclusion of this exercise the Company will be able to report a current portfolio-wide 2P reserve of 1 mmbbl (net)."

So should a RBL be sought what would be the likely value attached to such a reserve figure?

in4cedros, I've said all I wish to say to rossannan in 3 posts. Hardly made a career of it compared to yourself.

Consider the fact that your endless tracking of rossannan's posts make you an equal, if not greater troll.

No doubt we'll now see a reply with an endless stream of exclamation marks to emphasise what a smart arse you are.

rossannan

You evade my point. No investor's interest is best served by reading ramp only posts and I certainly do not wish to see such on here. You can and have contributed reasonable thoughts for consideration. My criticism is obvious to all but yourself.
Make a point and move on. Stop boring folk to death by constant negative repetition. Reasonable?

But Ross why keep on and on, if you're not denigrating CERP's assets or regurgitating doubts over the TAQA Bratani accounts history and Koot's leadership you're falling over yourself to joyfully point out what you regard as negative factors.
You appear hell-bent on depressing sentiment and undermining the hopes of many, unsuccessfully I may add.
Put bluntly I, and I think the majority of posters here, liken your presence on this board to finding snot on your favourite silk handkerchief. Extremely unwelcome. And, as you're so fond of re-iteration, I'll say it again. You're extremely unwelcome.

Google exxonmobil news and read the top two, very recent, FT entries.

There was an update re MC and LC tests in the rather lengthy merger document (the one where LK's 2 day per week rates were detailed etc etc, damned if I could find it amongst all the RNS s released) and it simply said that all tests had been carried out at both levels. No information as to what they found then or since. It remains to be announced contrary to Koot's intention to keep s/holders updated.