Kicking the shorecan down the road because they have to meet the government to conclude the extension. Once agreed essar will issue an operational timetable. It all hinges as is the current norm on the license extension. No change but they need to get to Nigeria and discuss. I would have thought that what they had been doing the last 3 months but hey ho I don't do business in nigeria, it's obviously challenging and very traditional.
good news harry will be gone at 4p so by Nov its plain sailing on this board , hopefully, harry and irene can get together on COPL as that doubles and try and sow some fud there, that should double it again
Harry my understanding was you sold a good portion of your holding , are you now trying to get back in lower ? This board is full of derampers so can we just try and focus it on actual news , for a start if we get an RNS saying ICEmax is on its way do you really think the share price will go down !
it takes 14 days to get from las palmas to bahamas at 10knots just thought id say so we stop worrying about the SP and the CLN , how about we put the chap that watches UKOG on watch in LP, ICEMAX is parked behind Forth. Presumably, they would need to go to BVI or Bahamas to restock before arriving at P1 so you would think it should start out early November , I guess
GG what did the fellow investor recommend you invest in with similar risk reward profile? We are very close to drilling here , BPC have to disengage with Stena for this not to happen and I really don't see that happening unless Trump dies and the whole world plunges into chaos. At 2p I don't really see where the downside risk is in the short and medium-term. Once Ice max leaves las palmas things will get very "watch this space" imo
Oil man Jim is still expecting cln financing to be used. BuT he has actually said trading opportunities may now start to arise, which I assume he means now towards the spud! Vague as usual but slightly upbeat from omd
RE: Interesting facts about BPC and where it is today (02/10/20)02 Oct 2020 13:08
star thanks for all your effort on the posts always keep me sane , i bought more this morning in one account and sold a little in another to buy some more EUR as a short term prospect. Global markets gone crazy today so no wonder there is a little pressure on BPC, it was a little silly of the board to set the price so low for the fund raise IMO but there it is , BPC is in the best shape its ever been to get this spud done , BPC cant back out of Stena contract now without taking the company under and losing all respect across the industry, personally don't care if they need more funding short term, December 15th is the next milestone and so focus on that and keep the news and facts coming
this would seem to be investment-driven, how can this not be a done deal. Why would BPC put this out if organizations were not already up for it . Makes no sense, I have been saying for ages the funding doesn't add up in its entirety we have just been too vague, that said if this is the last they lets go for it, makes 2p the base and this could lead to a lot more than P1. Could also be a test for Stena and a test by Stena , BPC has the funds and now it wants more from corporates , if this is fully subscribed we have a much bigger future than just to December IMO GLA