Member Info for Parpaing

Rickerrich,,
When you mention money, we should have forensic accounting. The shareholders money has been abused in BPC. Potter started at a million pounds salary. He cheated the shareholders by not telling us about the CERP deal. He just organised it himself. The shareholders were handcuffed from spud. PIs had no choice to top slice and hold the rest. The SP actually went DOWN during drilling. Potter organised more funding although we were fully funded. Koots left because he knew about the lack of oil and that Potter would not go to TD. Shareholders were duped.
Your idea is to pump more money into BPC and give Potter access to all of it without question. As an LTH, I have topped up so many times just to drop my average. No more. Potter needs investigating. This is major abuse of shareholders money.

Can you imagine the humiliation that Potter would go through if this was a duster?
No, I think that he has spent a number of years planning this drill and a failure is not an option. If he failed then the Trinidad and other drills would be unbelievable. He cannot fail with Perseverence. Potter would be hiding his head for many a year. So, stiff upper lip Simon. We are counting on you.

To all the environmentalists in the Bahamas
Did you know that naturally occurring oil seeps from the seabed are at least half of the oil found in the sea around the world?
How many oil seeps are in the Bahamas?
https://oceanservice.noaa.gov/facts/oilseep.html

Maybe the objective of BPC is not to suck oil out of the ground but to prove that a lot of oil is there. Then the BG negotiates with the US NOT to continue drilling. BG wants their debt wiped out and a flow of financial aid. If the USA is going to continue to whinge about oil drilling to the BG then BG would have a strong lever. We know that BPC are only drilling an exploratory well and no other drilling is forecast. The USA could just buy the drilling rights from BPC for 5 billion - about a pound a share. That will please most. What d'ya think about that?

Ohwhatif - have you seen BPC?

Well done LayLadyLay for finding this out.
That's his personal reason sorted and made public. Cheers!

Is Starchild Leo Koot?
They are both gone and hold millions of shares.

BIOME needs an entrepreneur running the shop. Unfortunately, Mr. Mines is not an entrepreneur or a very good salesman.
BIOME has continued to place their products in the R&D mode, which does not make money.
Flexible films and other bioplastics in BIOME's research phase never seems to reach the sales room. France is crying out for bioplastics in supermarkets. BIOME uses potato starch. So get round all the fish & chip shops and collect potato waste. Chip shops have loads of potato waste. It's free.
BIOME need a sales team, but can the CEO produce the quantity?

“Countries typically look to form a sovereign wealth fund to manage and invest excess cash from royalties and budgetary surpluses. While The Bahamas is not yet at that point in our development, we appreciate that we have valuable land and other natural resource assets,” Minnis said.
Royalties are coming from where?
Natural resources like oil?

Many thanks Star for making this BB interesting. Because the SP that I've waited 10 years for has been a damp squib from spud. Plus I think you are right. A Sovereign wealth fund has to come from somewhere and it isn't 'borrowed'.
For those that don't know, a sovereign wealth fund comes from exporting commodities or excess foreign currency reserves.
As the Bahamas does not have excess foreign currency reserves, then it must be a commodity wealth fund. Does 2 billion dollars come from tourists and fishing?
No. it must be oil the prime minister is talking about.

The DPM wants to renegotiate oil royalties and BPC deal is airtight.

https://ewnews.com/bannister-renegotiating-oil-deal-royalties-is-in-countrys-best-interest

Closer to home, France has implemented a new anti waste law.
New single-use plastic products are banned, whether they are entirely or just partly composed of plastic. This includes plates and cutlery, straws, stirrers, expanded polystyrene boxes (such as those used for take-aways or at fast food restaurants), lids used for take-away cups, plastic confetti and all objects made of oxo degradable plastic.
So BIOM should wake up and get their sales person over to France and SELL SOMETHING !!!

You mean that the BoD know they have oil or it's a duster?

Thank you Starchild.
I would just like the SP to be positive so that I could POTENTIALLY make a few bob before I kick the bucket and not have to will these shares to the kids. If BPC is successful with Percy -1 I will use the profit to set up a day trading platform as it appears that is the only way to make money on AIM - or any other stock market.

Alexia,
Then explain why the SP is at this derisory level?
Without CERP the SP would have been around 10p at spud.
Merging with CERP is just salary backup for the BoD, because if Perseverance is a duster they still have a job. That's nothing to do with shareholders. PIs are way down the list of important people with BPC.
However, I am positive and rooting for the Bahamas and a successful exp. drill. this is not moaning - it's fact!

Star,

I see this RNS to be publicizing everything else except the Perseverance exp well. I bought shares 10 years ago against the words of Alan Burns, not all this 'potential' stuff in other places. The RNS reads as though the Bahamas is just a minor part of BPC now. I don't see any belief from Majors that there is sufficient oil to warrant investing. Statoil left to'pursue other interests'. To most LTHs in BPC, the only interest is the exploratory well. The rest has no value at all at the moment.
Disappointing RNS for me.

Operational Outlook for 2021 (where the Bahams is the LAST item. Obviuosly no oil showing yet)
BPC's portfolio-wide work program for 2021, as defined in late 2020 (refer for more details to the Company's announcement of 1 December 2020), remains on track, and can be summarised as follows:
Trinidad & Tobago
· Drilling of Saffron #2 appraisal well commencing in Q1 2021, which, subject to results, would rapidly see BPC seek approvals for a Saffron field development, and with up to seven production wells to follow through 2021.
· Completion of reprocessing of the entire 3D seismic grid over the highly prospective SWP, high-grading Saffron lookalike prospects for drilling, with up to two initial exploration wells by the end of 2021.

· Depending on technical outcomes, speed of permitting approvals, and rig and funding availability, an accelerated 2021 work program could include up to a further eight Saffron production wells, and one further exploration well in the SWP.
Suriname

· Drilling of an appraisal well and conduct of Extended Well Test (EWT) in the Weg Naar Zee Block in Suriname in Q1 2021, and subject to results, rapidly moving into a wider field development, with up to six production wells to follow through 2021.

· Depending on technical outcomes, speed of permitting approvals, and rig and funding availability, an accelerated 2021 work program could include up to a further three Weg Naar Zee production wells in Suriname.
Uruguay
· Finalisation of licence award in Q1 2021.

· Finalise technical work to better define, delineate and quantify the lead/prospect inventory.



The Bahamas

· Completion of the Perseverance #1 well in Q1 2021, and analysis of technical results.
· Depending on technical outcomes, renewal of licences in The Bahamas into a third exploration period (end of Q1 2021), followed by planning for future well activity, and farm-out considerations.

RNS out. Mostly publicizing what's happening In Trinidad. Final sentence refers to BPC's core work on the Bahamas drill.

Happy New Year all. The money will come in 2021. GLA

After an update on December 1, BPC was set-up with AIM’s busiest well schedule for 2021.
Already on the books was the hotly anticipated Perseverance exploration well, in the Bahamas, which having slid to the back-end of 2020 – baring any further complications – has just spudded.
Pivotal, high-impact results will emerge in the first quarter and can be a major share price catalyst.
Elsewhere, BPC has added a 17-well campaign aimed at boosting production in Trinidad and Suriname.
Unlike Perseverance – a comparatively expensive and high-risk / high-reward venture – these wells will be cheaper and are intended to deliver fairly rapid development and production.
The plan is to ramp-up some US$35mln of annual revenues by the end of 2021. The target is to establish production at a rate of 2,500 bopd, up from around 500 bopd at present.
Drilling is slated to start in February in both Trinidad, at the Saffron field, and in Suriname, at the Weg Naar Zee block.
https://www.proactiveinvestors.co.uk/companies/news/937363/well-watch-2021--the-small-oilers-waiting-on-big-drill-news-in-the-coming-year-937363.html