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Breakout was inevitable after long consolidation at 2p and with drilling approaching. Rally yesterday was a bit fast, but today's pullback is looking overdone also. Consolidate here a bit then push on higher IMO. GLA

Truly bizarre SP movement. BPC does not tend to have such short-lived rallies, so I would expect another leg from here.

Agreed, although this is about 250-275km from GGP's Havieron discovery so only vague nearology.

https://stockhouse.com/

Agreed. So why is the SP dropping. F ridiculous.

Abermaw ;)

Perhaps something is afoot?

L2 looked that way when posted. MMs gone for a wide gap with 2.5p to 2.9p with 5 at 2.5p.

Was on L2 when I posted it.

Looks like 2.80 to 2.90p open. Big day coming. GLA

Exactly. Shocker on Durobin and Sundagas. There is definitely potential here, but it looks like we'll have to wait quite a bit longer than expected for news on Durobin. As for Chuditch we have to hope that it actually goes ahead at all.

'In seeking to expedite a resolution to the situation, SundaGas has written to ANPM requesting a satisfactory response and remedy of the data access issues, the absence of which would mean that the project could not move forward.'

Let's hope it all sorts itself out.

Dunrobin due this month? That's what I thought, but go re-read.

April 29 RNS

'... until 30th September 2020, during which period the Interested Party will complete its own regional technical work and share its data and interpretations over the area with the P2478 Joint Venture Partners ("Exclusivity Period"). Corallian will continue to provide data to the Interested Party under the confidentiality arrangements. By mutual agreement Corallian and Joint Venture partners may extend the Exclusivity Period with the Interested Party until the 31st December 2020 should such Party wish to negotiate farmin terms to earn an interest in the licence.'

September 11 RNS

'Further to the update made in our 2020 AGM statement, Corallian Energy Limited, the Operator of Licence P2478 which contains the large Dunrobin and smaller Golspie prospects, has informed the Joint Venture that the original seismic field data necessary to perform specialised reprocessing has recently been located and copied and is now being validated. Once this has been checked and loaded, reprocessing work will be able to take place. '

So on April 29 we were told the work by major would be completed by end of this month yet on September 11 we are told Corallian hasn't even got round to validating, checking or loading the data never mind giving it to the major to do their assessment. What the hell have they been doing for the last 4.5 months? Looking down the back of the sofa by the sound of it. Complete shambles.

UT 2.80p. Ask moved to 2.90p. See you tomorrow at 08:00.

25p would still only be 102p per P50 barrel net recoverable so non totally stupid. ECO hit $3.97 per P50 barrel net recoverable in the run up to Jethro and Joe last year, which for BPC would equate to 68.6p per share. Don't think we'll get to 25p, but given the massive size of the target and decent COS there is clearly major running room for the SP.

PME issued. 3p uncrossing?

Think you'll have to wait a while for the retrace. This has pressed the button for roof level.

Exactly, towards 4p by Friday then RNS next week.

Nearly there 2.8p paid.

3p close.

If it's rig news with a firm drill date pick a number. Might well get to 4p+ on anticipation over the next few days. GLA