Member Info for Parpaing

I ordered my OO entitlement plus 2 and half times more, just in case they are available. All us LTHs deserve a win for a change.

Here's my cards I got my OO allocation
Cheers everyone!

Eytan said that oil has been found 'off structure' but not in commercial quantities. He said that BPC will drill 'on structure' meaning we will definitely hit oil. Reminds me of TRP when they were drilling in Namibia with a new Repsol drill rig. The oil is 'glowing in the dark'. Dry hole. Seems like only a farmin is going to raise the SP. So please, Simon sign the farmin deal now. Eytan said that they are plying 'hard'. Well don't bother and get a partner in and stat drilling. I'm not deramping, I'm only looking at the information available over the last ten years from BPC and all that info is on their website. Eytan's interview was more like a charity looking for money. doesn't the Bahamas government want to 'invest' at 2p?

But if the drill doesn't happen because the government prevents it (again) will we get our money back?
No. It will be kept by the board (again).
I'm an LTH and I will not be suckered in (again) to provide money for a drill that only might happen. There is no 100% plan yet. A farmin is the best option. But the BOD still needs WRITTEN, signed and sealed permission.
I will be very happy if the SP goes to 10p and then I will dump all my AIM shares just to get my money back without any profit. Every AIM share I have bought has been a loss. It looks like the only way to make money on AIM shares is to be a day trader.

The money is not for shareholders. It is yet more money for the directors provided by the shareholders.

Maybe a lot of LTHs like me are watching the World Cup Rugby.

On 31st March 2011, Alan Burns, Non-Executive Chairman of Bahamas Petroleum, commented:
"We made good progress during 2010 and this has continued into 2011 with our successful equity placing firmly raising £20.6 million and conditionally raising £25 million before expenses in March. The Company is now well funded with a strong balance sheet and a clear strategy to develop its assets in the Bahamas. We are in negotiations with CGGVeritas to undertake a 3D seismic survey, which we hope to finalise after the EGM, and we look forward to reviewing the results in due course.
"2011 looks to be another strong year for Bahamas Petroleum and the Board continues to look to the future with confidence."
BPC remains on track to drill the first well in the first half of 2012. On the 31st March 2011 an NED bought 120,000 at 22,18 pence. So I guess the SP will follow a similar line from now and reach 15p by the end of November. Then a rise towards drilling date. Any thoughts on this theory?

Will it be Repsol again?
I hope thart if it is Repsol, then it will actually drill a well at the correct depth this time.

Quite right, IK !

As usual, the day after I top up the SP goes down. We are top of the top fallers now. AIM is a disgrace.

The only bit of 'control' I have is to reduce the price I need to get my money back. Just bought 100k which reduces it to 4p.
If the SP goes to 10p then I can get all my money back spent over 11 years on AIM.
Hopefully it will get to 10p. Anyone believe it will go higher?

Drilling for oil has just become popular due to the current and possible future problems in Saudi Arabia.
A farm-in should be closer this week.

The sP on Jan 23 2019 was 680p. Less than half that now.

Hurricane Dorian is threatening the Bahamas.

Hi trek, ss they have new customers driving financial growth, then the marcap should increase. Trouble is that there doesn't seem to be any investor interest in the company. I thought that BIOM would be an outstanding company to invest in. I don't know what happened to the 3D printer filament sales but I can't buy it anywhere.

Nice to read Neil Hartnell's report in the Tribune. I wonder why Simon Potter refused to speak to Neil about the latest RNS.
Neil has been avidly following BPC. Hmm. Not very positive in MHO.

The MMs are doing their classic manipulation of reducing the SP to force sells. They can reduce the SP to almost zero to play their game.

Because the MMs are buying as cheap as possible to sell at a higher price later. This SP will go up to and beyond 20p just because of the supply and demand and not because of an RNS.

The way the MMs are performing today makes me dislike AIM. Why is the SP 2.31 % down when there has been 67K GBP buying?
Any news of farmin should rocket the SP to 20 p + except the MMs will decide the price.

Come on Asher, get on with it! Even BPC has started the climb.