Member Info for PageofCups

They say the fall in gas prices make this deal not viable, but yet say they still want to do a gas deal in Europe . Yeah right. Imagine if they had done the deal with OneDyas and then the gas price fell to where it is now. We'd have been left with an uneconomic asset losing money.

Sounds like it wasn't the deal it was all cracked up to be.

Obviously the balance is between equity dilution or asset dilution. Do we own 100% and have 50% equity dilution or have the equity issue stay the same and dilute the asset by 50-70%

https://twitter.com/VoxPodcast/status/1233038659638775809

****************************/articles/bahamas-petroleum-company-and-advanced-oncotherapy-993b91e/

Yonny, absolutely huge milestone and congratulations to BPC and all the team on the EA. Delivering as promised and a drillship to match what will have the best kit to drill down through the rock to what hopefully will be a huge oil find.

Simon Potter confirms it's a drillship built in 2014.

Robbo, yes I thought that but then Simon Potter talks about a major not just farmin in but carrying the whole project beyond discovery and that it's not just a case of drilling this well. I thought then that if a major is looking beyond this drill and producing the oil, then they are looking to come in. just a case of before or after Perseverance. The Americans say it differently, so either he's been talking to an USoil major or it's just the Seadrill team and BH and Halliburtons.

The impression was the Bahamas Government would never approve or allow oil drilling due to the reliance on the tourism industry and the investment this attracts and the pristine beaches etc. BPC have demonstrated in their work that oil drilling can sit alongside tourism. This is a big big thing, as I'm sure the majors never bothered with exploring in the Bahamas because of the assumption or past refusal of the Government not wishing to put at risk the tourism industry, or electoral standing. All changed now .

I think buying will kick in. USA and Houston will now know EA is approved and that the rig inspection is being conducted and potentially the farmin situation with the Government's green light today.

Chart thing suggesting 8p if 5.2p broken.
Https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-27th-february-2020/#gs.y9bj9f

Hardman sold to Tullow $1.47Bn, Arrow sold to Shell $3.5Bn..all under Simon Potter and Eytan Uliel.

P1 will be drilled with MPD system. Found on drillships like the West Saturn.

Bakueagle, Farmin majors need to be approved by the government. They want the best.

Bahamian Government insiders on the possibilities of oil from meetings held with majors and BPC coming to the fore.

What we are seeing now are quality Bahamian investors influencing the sp and putting the word around to others.

As the late great Mr Alan Burns said, - "these structures are exceptional in the size and extent of the 4-way closure, indeed I am not aware of any anticlines of this size in the Gulf of Mexico - Caribbean region".

He knew a thing or two about finding oil in new frontiers.

Strong amplitude to conformance to structure - indicative of hydrocarbon presence.

Lovely images on the presentation of the targets Perseverance#1 will be drilling. HIW ranked No.4 in the World and one of the very few to be drilled by a non major. Nice photo of the West Saturn which is a nod to the drillship BPC will be using. $36m funded for $25-30m well cost to penetrate all horizons, testing 3 and 4 way dip closures, additional tools available to collect fluid samples and side wall cores, aswell as measure pressure and temperature. Multiple potential hydrocarbon reservoirs. Lowest relative prospect risk - effective top seal , preferred migration pathway and charge attributes. Funded for contingencies and expanded testing costing $5m.

Guess the major..