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When it comes to the votes this will be 5p+ so the deal will go through.

I did say buy as many as you can.

Yes, institutions and funds are filling up.

All in good time. Just clearing out the dead wood chancers before the farmin and drill.

Just buy as many as you can.

If you think today/this week has been a surprise..you ain't seen nothin yet..Lol

The kicker to get this deal passed will be announcement of a farmout to a major. More news on the way! It's all been planned. Potter doesn't do things without a plan.

Columbus would not have done this deal unless they knew how Perseverance will be funded. A little clue,..it's not CLN and dilution. More surprises in store.

So let's say Potter knows he doesn't need to issue anymore shares for the Perseverance well, hence a farmout partner is taking an interest in the asset, say 50%. Therefore no equity dilution. Means he can do a deal elsewhere for equity such as this Columbus deal. Aye, we know a farmout is coming. Would Columbus agree to further dilution of their new BPC shares to fund Perseverance?? Expect more surprising news.

More BIG surprises to come.. Caribbean is hot at the moment. Assets and acreage the place to be. Oil comes with it.

You can expect the majors to be asking about the Uruguayan acreage in any farmout discussions. BPC might allow them a little slice if they agree not to be greedy on the Bahamas acreage.

They can offer a nice little package of exploration to any major with huge upside potential.

Great news this morning. It would seem this licence has been stolen from the majors while they grapple with the low oil prices and Covid-19. Potter did say there were some interesting opportunities thrown up by the pandemic and the oil price collapse. I bet there are some senior management in Houston offices asking what the wtf, how did we miss that licence acreage offshore Uruguay, in shallow water too. BPC outmanoeuvres again!

Should go to 0.12-0.15p. Access to $1m in cash, 100% of the mine still owned by EDL and guaranteed future revenues. Will be throwing off cash once operations restart.

I think Mr Potter has a few surprises in store!

Good news lined up. Agreed licence fees paid, Licence term extended to June 21, improved terms for funding reducing dilution, Stena exercising their option, allowing for a two well campaign and the farmout deal in the mix, although I expect Stena to be the farmout partner if they take an asset interest rather than an equity interest in BPC. Either way, improving the drill success with a two well drill reduces risk.

If a major wants 70-80%, they are going to have to pay $70-80m or offer that amount in well drilling as a free carry. Potter out does them again!

Desprado, It's a negotiation tool for BPC securing a rig at a cheap rate. Offer a 10% interest in the asset which Stena can pay $10m offset against the drill cost. It's a sweetener for them if they choose to exercise. The can also pay $10m directly to BPC for an equity interest. $100m has been spent to date by BPC, so 10% is $10m.

BPC have a valuation for a farmout. A major is going to have to pay $10m for every 10%.

Ah, but how do you know? They have an option to pay BPC $10m for 10%. The next option will be full partnership on success for another 40% at $xxx paid to BPC ;)

The Olsson family are involved now, so different ball game.